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Bear Creek Mining is focused in Peru and is in the business acquiring and exploring mineral properties with the objective of creating value for shareholders by identifying economic mineralized deposits which can be sold or developed. [Source: June 2010 Financial Filings]
The Bear Creek Mining Corporation website is at www.bearcreekmining.com.
Information Links: Yahoo News and Quotes | Yahoo Message Board | StockCharts
This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2011-11-22.
The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.
| General Metric | Value on 2012-02-03 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$303.84 |
| Average Ore Value per Tonne | US$62.77 |
| Metal Value Leverage (MVL) | 82.45 |
| Market Capitalization as a Percentage of Metal Value | 1.2% |
| Recent Closing Stock Price | C$3.66 [note 1] |
| Fully Diluted Share Count | 95.61 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 57% |
| Percentage In Situ Measured + Indicated Resource | 29% |
| Percentage In Situ Inferred Resource | 13% |
| Metric | Value on 2012-02-03 |
|---|---|
| Silver Reserves + Resources | 569.99 M oz |
| Average Silver Ore Grade | 38.3 g/t |
| Market Capitalization per oz of Silver In Situ | US$0.62 ( C$0.61 ) |
| Silver Equivalent Ounces Estimate | 863.81 M oz |
| Market Capitalization per oz of Silver Equivalent | US$0.41 ( C$0.41 ) |
Note 1: Conversion rate used: 1 Cnd$ = 1.00682 US$
Note 2: Fully diluted share count based on the September, 2011 financial statement.
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Silver | Lead | Zinc | ||
|---|---|---|---|---|---|
| Total Counts (reserves + resources) | 569.99 M oz | 2.57 M t | 1.97 M t | ||
| Metal Prices in US$ (from 2012-02-03) | $33.63 / oz | $1.00640 / lb | $0.96490 / lb | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $200.49 | $59.62 | $43.73 | ||
| Percentage of Total Metal Value | 65.99% | 19.62% | 14.39% | ||
| Metal Value Percentage Proven + Probable | 58% | 60% | 50% | ||
| Metal Value Percentage Measured + Indicated | 28% | 27% | 36% | ||
| Metal Value Percentage Inferred | 13% | 13% | 14% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Silver | Lead | Zinc | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|---|---|
| Corani | Southeastern Peru, Peru | $222.69 ( 73.3% ) | US$62.73 | 405.74 M oz | 2.18 M t | 1.32 M t | 65% | 23% | 12% |
| Santa Ana | Southern Peru, Peru | $81.15 ( 26.7% ) | US$62.86 | 164.25 M oz | 389.45 K t | 644.66 K t | 37% | 46% | 17% |
PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors
Latest NI43-101 Report: TECHNICAL REPORT CORANI RESOURCE ESTIMATE AND PEA
2008-05-12 (119 pages).
Updates: September, 2011 MD&A (includes the results of the November 8, 2011 Feasibility Study.
Project Location: Southeastern Peru, Peru. View the Bear Creek Mining Corani project on a Google Map.
Average Ore Value (all estimate types): US$62.73
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $94.99 | 270.06 M oz | 53.800 g/t | 156.13 M t |
| Lead | $32.61 | 1.41 M t | 9,000.000 g/t | 156.13 M t |
| Zinc | $17.02 | 765.04 K t | 4,900.000 g/t | 156.13 M t |
Estimate notes:
$10.54/tonne NSR cutoff.
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $31.17 | 88.62 M oz | 20.500 g/t | 134.46 M t |
| Lead | $11.86 | 510.95 K t | 3,800.000 g/t | 134.46 M t |
| Zinc | $8.68 | 389.94 K t | 2,900.000 g/t | 134.46 M t |
Estimate notes: See Proven + Probable notes.
$9.20 NSR cut-off
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $16.55 | 47.06 M oz | 30.000 g/t | 48.79 M t |
| Lead | $6.11 | 263.48 K t | 5,400.000 g/t | 48.79 M t |
| Zinc | $3.69 | 165.90 K t | 3,400.000 g/t | 48.79 M t |
Estimate notes:
$9.20 NSR cut-off
Latest NI43-101 Report: Revised Feasibility Study
Santa Ana Project - Puno, Peru
NI 43-101 Technical Report
Update to the 21-Oct-2010
Report
2011-04-01 (156 pages).
Updates:
Project Location: Southern Peru, Peru. View project on a Google Map.
Average Ore Value (all estimate types): US$62.86
Proven + Probable
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $22.22 | 63.18 M oz | 53.000 g/t | 37.08 M t |
| Lead | $2.93 | 126.06 K t | 3,400.000 g/t | 37.08 M t |
| Zinc | $4.78 | 215.05 K t | 5,800.000 g/t | 37.08 M t |
Estimate notes: Table 1.1 Reserve and Resource Estimate, on p. 12 of 156 of the technical report dated April 2011.
Cutoff Grade, Variable 27 to 24 g/t Silver by Year
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $25.62 | 72.83 M oz | 35.000 g/t | 64.72 M t |
| Lead | $4.51 | 194.17 K t | 3,000.000 g/t | 64.72 M t |
| Zinc | $7.20 | 323.62 K t | 5,000.000 g/t | 64.72 M t |
Estimate notes: See Proven + Probable notes.
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Silver | $9.93 | 28.24 M oz | 40.600 g/t | 21.63 M t |
| Lead | $1.61 | 69.22 K t | 3,200.000 g/t | 21.63 M t |
| Zinc | $2.36 | 106.00 K t | 4,900.000 g/t | 21.63 M t |
Estimate notes: See Proven + Probable notes.
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