Bear Creek Mining Corporation Reports Interim Financial Results for Q1 2024

Bear Creek Mining Corporation has reported its interim condensed consolidated financial results for the three months ended March 31, 2024. The company highlights key milestones achieved during this period, including production of gold and silver, closing a restructuring agreement with Sandstorm Gold Ltd., appointing a new Chief Financial Officer, and receiving final approval for the Restructuring Agreement by the TSX Venture Exchange.

The Mercedes gold mine in Sonora, Mexico, produced 12,228 ounces of gold and 44,040 ounces of silver during the first quarter of 2024. The company also provided financial results for the same period, including revenue, comprehensive earnings, adjusted earnings, and cash flow from operating, investing, and financing activities.

Eric Caba, President & CEO of Bear Creek, expressed optimism about the progress made at the Mercedes mine and the potential for consistent production results and steady cash flow. The company also closed a Restructuring Agreement with Sandstorm, which resulted in modifications to previous debts and increased exposure to metal prices.

The news release also provided an overview of the company’s operations, liquidity, and capital resources, as well as information on the Corani Project and exploration activities. The company emphasized the importance of non-GAAP financial measures in evaluating its performance and provided contact information for further inquiries.

Overall, Bear Creek Mining Corporation’s news release offers a comprehensive update on its financial and operational performance, highlighting key achievements and future outlook.