As previously reported on Friday night, Stifel downgraded Bear Creek Mining with a price target of C$0.85, down from C$1.10, after Bear Creek released Q3 operating results. Gold production came in at 9.1koz, 7% below the firm’s estimate, noted the analyst, whose NAV estimate was reduced by about 11% after updating the firm’s model for Q3 operations, future production and grade profile.
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