- Bear Creek Mining Corp. (BCM) has turned to Unison Mining Consulting Pte. Ltd. to design, and Renoir Management Corporation to implement a 32-week performance improvement program at its Mercedes gold mine
- The program will cost US$ 2.15 million and will be complete by January 2023
- The planned improvements are to re-open closed mining areas to achieve production rates of over 70,000 gold ounces per year and reduce costs
- Shares of Bear Creek Mining (BCM) are up 3.08 per cent to C$0.67 as of 10:00 a.m. ET
Bear Creek Mining (BCM) has enlisted Renoir Management Corporation and Unison Mining Consulting Pte. Ltd.
Unison will design, and Renoir Management will implement a 32-week performance improvement program at its Mercedes gold mine.
The program will cost US$2.15 million and be complete by January 2023.
The planned improvements are to re-open closed mining areas to achieve production rates of over 70,000 gold ounces per year and reduce costs.
Bear Creek Mining’s President and Chief Operating Officer, Eric Caba explained that Renoir’s previous analysis of potential improvements identified several opportunities for productivity improvements and cost reductions at Mercedes.
“We enthusiastically engaged them for this implementation phase. Their expertise and experience will help improve the long-term performance of the mine.”
Renoir’s CEO, Krishna Paupamah added that after completing an “opportunity review” for Mercedes and understanding Bear Creek management’s vision and commitment, his team sees huge potential for improvement.
“Consequently, we are eager to not only implement the Mercedes optimization program but to participate as shareholders in the growth and the benefits from this project and hopefully others in Bear Creek’s future.”
Bear Creek Mining Corp. (BCM) is engaged in the acquisition, exploration, and development of precious and base metal properties. The Mercedes gold mine is located in Sonora, Mexico.
Shares of Bear Creek Mining (BCM) are up 3.08 per cent to C$0.67 as of 10:00 a.m. ET.