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An announcement from Bear Creek Mining ( (TSE:BCM) ) is now available.
Bear Creek Mining has updated its mineral resource and reserve estimates for the Mercedes Mine, revealing a decrease in reserves due to depletion, increased costs, and other factors. Despite the reduction, the company is optimistic about extending the mine’s life and discovering new mineralization through ongoing exploration efforts, which are expected to convert more resources into reserves.
More about Bear Creek Mining
Bear Creek Mining Corporation is involved in the mining industry, primarily focusing on the exploration and development of precious metal properties. The company’s main operations include the Mercedes Mine in Sonora, Mexico, where it focuses on extracting gold and silver.
YTD Price Performance: -3.33%
Average Trading Volume: 129,039
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $58.5M
Learn more about BCM stock on TipRanks’ Stock Analysis page.