Subscribe Now - Click Here:               1 Year only $99

Category: Junior: Late Stage Development
Rating: 3.50   (Likely 5 Bagger as of 11/14/2015)
Risk: Moderate
Bear Creek Mining Corp.
www: www.bearcreekmining.com     email: info@bearcreekmining.com

Profile
Notes
Forum
Your Data

Price Data

Symbol Date Price Change 52 Wk Range Volume
CVE:BCM 05/31/2016 CAD 2.100 0.050 2.680 - 0.500 251,185
OTCMKTS:BCEKF 05/31/2016 USD 1.6200 0.0300 2.1000 - 0.3400 106,106
Alert me when stock is updated

Don's Summary (from last analysis - 11/14/2015

I loved Bear Creek Mining until June 25, 2011. That was the day the President of Peru did the highly unusual act of revoking the mining rights at their Santa Ana project. He did this because of political pressure from local resistance to the project in Southern Peru. They still have their huge flagship project at Corani (300 million oz at 50 gpt). Corani is on schedule for production around 2019 at 10 million oz (if they can finance the project). They could reach 13 million oz of production during the first 8 years, then production will drop to 8-12 million oz for the rest of the mine life (22 years).

Because of base metal offsets (4.5 billion lbs of lead and zinc), the cash costs at Corani are projected below $5, making it a cash cow. In fact, for the first 5 years, cash costs are supposed to be negative. Very low cash costs makes it likely the can finance the $625 million capex. However, they might have to scale back the size of the mine to get financing.

If they can get Santa Ana back (management is confident this could happen), this could be an exciting company with two large projects heading to production. Santa Ana will take 18 months and $70 million to begin production of 5 million oz annually, if they get their mining rights back. The cash costs at Santa Ana are projected to be about $8 per oz.

It's hard to predict the outcome of Santa Ana, but it really doesn't matter that much. If they are left with only Corani, this stock is a likely 20+ bagger if they get financing and silver prices rise. The true risk is political. Is revoking of mineral rights the beginning of a change towards mining in Peru? Are higher taxes and potential nationalization a possibility in a few years? On the other hand, there is a possibility that Bear Creak will get back their mining rights for Santa Ana. If that happens, this stock is probably a 50 bagger from this level.

General Details

Financial 11/14/2015
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Mkt. Cap (Fully Diluted): $49.27M $161.93M 11/14/2015 $112.66M
Total Assets: $105.11M $96.37M 03/31/2016 $-8.74M
Total Liabilities: $2.67M $1.52M 03/31/2016 $-1.15M
Current Assets: $27.05M $17.97M 03/31/2016 $-9.08M
Current Liabilities: $1.97M $0.84M 03/31/2016 $-1.13M
Total Debt: $0.00M $0.26M 03/31/2016 $0.26M
Cash: $26.00M $17.78M 03/31/2016 $-8.22M
Enterprise Value: $23.27M $144.41M 07/30/1974 $121.14M
Cash Flow: $0.00M $0.00M never $0.00M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to Cash Flow Ratio: n/a n/a never 0.00
Finance within 1 year: 11/14/2015 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 11/14/2015 0.00%
Misc 11/14/2015
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Share Price: $0.488 $1.603 15:05 on 05/31/2016 $1.12
Shares Outstanding: 93,000,000 93,110,000 03/31/2016 110,000
Shares Fully Diluted: 101,000,000 101,000,000 11/14/2015 0
Company Type: Mostly Silver Mostly Silver never n/a
Production ETA: n/a 01/01/2019 11/14/2015 n/a
Production (Gold Eq Oz.): (guess) 
0
(guess) 
0
11/14/2015 0
Production (Silver Eq Oz.): (guess) 
0
(guess) 
0
11/14/2015 0
Initial CapEx (Outstanding): $625.00M
1268.56% of Mkt.Cap
$625.00M
385.96% of Mkt.Cap
11/14/2015 $0.00M
Funding Option: n/a n/a 11/14/2015 n/a
Documentation: none FS 11/14/2015 n/a

Resource Data

GOLD 11/14/2015
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: n/a n/a 11/14/2015 0.00M
Measured & Indicated: n/a n/a 11/14/2015 0.00M
Inferred: n/a n/a 11/14/2015 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: n/a n/a 11/14/2015 0.00M
Measured & Indicated: n/a n/a 11/14/2015 0.00M
Inferred: n/a n/a 11/14/2015 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 11/14/2015 $0.00
Extra Operating Cost: n/a n/a 11/14/2015 $0.00
Average Grade: n/a n/a 11/14/2015 n/a
Recovery Rate: n/a n/a 11/14/2015 0.00%
F
U
T
U
R
E
Proven & Probable: n/a n/a 11/14/2015 0.00M
Annual Production: n/a n/a 11/14/2015 n/a
Cash Cost: n/a n/a 11/14/2015 n/a
Extra Operating Cost: n/a n/a 11/14/2015 n/a
SILVER 11/14/2015
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
O
U
N
C
E
S
T
O
T
A
L
Proven & Probable: 175.00M 175.00M 11/14/2015 0.00M
Measured & Indicated: 225.00M 225.00M 11/14/2015 0.00M
Inferred: 35.00M 35.00M 11/14/2015 0.00M
Reserves & Resources: 260.00M 260.00M never 0.00M
P
L
A
U
S
I
B
L
E
Proven & Probable: 126.00M 126.00M 11/14/2015 0.00M
Measured & Indicated: 154.80M 154.80M 11/14/2015 0.00M
Inferred: 12.60M 12.60M 11/14/2015 0.00M
Reserves & Resources: 167.40M 167.40M never 0.00M
C
U
R
R
E
N
T
Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 11/14/2015 $0.00
Extra Operating Cost: n/a n/a 11/14/2015 $0.00
Average Grade: 50.00 g/t 50.00 g/t 11/14/2015 n/a
Recovery Rate: (CG)  72.00% (CG)  72.00% 11/14/2015 0.00%
F
U
T
U
R
E
Proven & Probable: 200.00M 200.00M 11/14/2015 0.00M
Annual Production: 10,000,000oz. 10,000,000oz. 11/14/2015 0oz.
Cash Cost: $5 $5 11/14/2015 $0
Extra Operating Cost: $10 $10 11/14/2015 $0

Property

Last Analysis Data  (11/14/2015)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Cusco, Peru Corani 100% 5,700 Open Pit show
300 million oz deposit at 50 gpt, plus 4.5 billion lbs of lead and zinc.

10 million oz of silver for 20 years.

Low recovery rate of 65%.

Negative cash costs the first 5 years. $4 per oz the LOM.

$575 capex.

Construction could begin in 2015.
Development Puno, Peru Santa Ana 100% n/a n/a n/a
Exploration Peru Alejandra 0% n/a n/a n/a
Exploration Cusco, Peru La Yegua 100% n/a n/a n/a
Exploration Peru Sumi 0% n/a n/a n/a
Exploration Peru Tassa 100% n/a n/a n/a
Total Land Package Size (ha): 5,700  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Development Cusco, Peru Corani 100% 5,700 Open Pit show
300 million oz deposit at 50 gpt, plus 4.5 billion lbs of lead and zinc.

10 million oz of silver for 20 years.

Low recovery rate of 65%.

Negative cash costs the first 5 years. $4 per oz the LOM.

$575 capex.

Construction could begin in 2015.
Development Puno, Peru Santa Ana 100% n/a n/a n/a
Exploration Peru Alejandra 0% n/a n/a n/a
Exploration Cusco, Peru La Yegua 100% n/a n/a n/a
Exploration Peru Sumi 0% n/a n/a n/a
Exploration Peru Tassa 100% n/a n/a n/a
Total Land Package Size (ha): 5,700  

Profitability (by resource)

Proven &
Probable
11/14/2015
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: 100.00% 100.00% n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a -0.11M
Total (Silver Eq. Oz.): 175.00M 175.00M n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a -0.08M
Silver Eq. Oz.: 126.00M 126.00M n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): $112.90M $85.55M n/a $-27.34M
Total Maximum Profit: $112.90M $85.55M n/a $-27.34M
Max Profit / Current MCap: 2.291 0.528 n/a -1.763
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): $1.12 $0.85 n/a $-0.27
Total Max Profit Per Share: $1.12 $0.85 n/a $-0.27
Total Free Profit Per Share: $0.47 $0.00 n/a $-0.47
FD Mkt. Cap / Gold Eq.: $28.44 $97.91 n/a $69.46
FD Mkt. Cap / Silver Eq.: $0.39 $1.29 n/a $0.89
FD Mkt. Cap / Per Metal
as % Spot Price:
2.40% 8.05% n/a 5.65%
Measured &
Indicated
11/14/2015
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: 100.00% 100.00% n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a -0.14M
Total (Silver Eq. Oz.): 225.00M 225.00M n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a -0.10M
Silver Eq. Oz.: 154.80M 154.80M n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): $138.70M $105.11M n/a $-33.59M
Total Maximum Profit: $138.70M $105.11M n/a $-33.59M
Max Profit / Current MCap: 2.815 0.649 n/a -2.166
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): $1.37 $1.04 n/a $-0.33
Total Max Profit Per Share: $1.37 $1.04 n/a $-0.33
Total Free Profit Per Share: $0.72 $0.00 n/a $-0.72
FD Mkt. Cap / Gold Eq.: $23.15 $79.69 n/a $56.54
FD Mkt. Cap / Silver Eq.: $0.32 $1.05 n/a $0.73
FD Mkt. Cap / Per Metal
as % Spot Price:
1.95% 6.55% n/a 4.60%

Reserves &
Resources
11/14/2015
Last Analysis
Data

Current Data

Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: 100.00% 100.00% n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a -0.16M
Total (Silver Eq. Oz.): 260.00M 260.00M n/a 0.00M
P

L

A

U

S

I

B

L

E
Gold Eq. Oz.: n/a n/a n/a -0.10M
Silver Eq. Oz.: 167.40M 167.40M n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): $149.99M $113.66M n/a $-36.33M
Total Maximum Profit: $149.99M $113.66M n/a $-36.33M
Max Profit / Current MCap: 3.044 0.702 n/a -2.342
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): $1.49 $1.13 n/a $-0.36
Total Max Profit Per Share: $1.49 $1.13 n/a $-0.36
Total Free Profit Per Share: $0.84 $0.00 n/a $-0.84
FD Mkt. Cap / Gold Eq.: $21.41 $73.69 n/a $52.28
FD Mkt. Cap / Silver Eq.: $0.29 $0.97 n/a $0.67
FD Mkt. Cap / Per Metal
as % Spot Price:
1.81% 6.06% n/a 4.25%

Future Valuation (Cash Flow & Totals)

Totals 11/14/2015
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
C
U
R
R
E
N
T
R & R Valuation: $408.79M $401.01M n/a $-7.78M
Mkt. Cap: $49.27M $161.93M n/a $112.66M
Annual Gold Production: n/a n/a 0oz.
Annual Silver Production: n/a n/a 0oz.
F

U

T

U

R

E
FD Mkt. Cap: $3,000.00M $3,000M n/a $0M
FD Mkt. Cap Growth: 5,989% 1,753% n/a -4,236%
Annual
Production
Gold: n/a n/a n/a n/a
Silver: 10,000,000 oz. 10,000,000 oz. n/a 0 oz.
Current FD
Mkt. Cap /
Gold Eq. Reserves: 6.16 20.24 n/a 14.08
Silver Eq. Reserves: 0.25 0.81 n/a 0.56
Gold Eq. Production: 123.17 404.83 n/a 281.66
Silver Eq. Production: 4.93 16.19 n/a 11.27
P&P
Reserves
(oz.)
Gold: n/a n/a 11/14/2015 n/a
Silver: 200.00M 200.00M 11/14/2015 n/a
Gold Eq.: 8.00M 8.00M 11/14/2015 n/a
Silver Eq.: 200.00M 200.00M 11/14/2015 n/a
P&P Reserves
per FD
Share (oz.)
Gold: n/a n/a n/a n/a
Silver: 1.980 1.980 n/a n/a
Gold Eq.: 0.079 0.079 n/a n/a
Silver Eq.: 1.980 1.980 n/a n/a
Cash Flow 11/14/2015
Last
Analysis
Data

Current Data

Change
Item Value Value Updated Value
Current: $0.00M $0.00M n/a $0.00M
Current Multiple: 0.00 0.00 n/a 0.00
F
U
T
U
R
E
@ current prices: $7.68M $5.82M n/a $-1.86M
Multiple @ current prices: 6.42 27.82 n/a 21.41
Growth @ current prices: 0.00% 0.00% n/a 0.00
@ future prices: $510.00M $510.00M n/a $0.00M
Multiple @ future prices: 0.10 0.32 n/a 0.22
Growth @ future prices: 0.00% 0.00% n/a 0.00

Defaults

We use cookies on this website. By using this site, you agree that we may store and access cookies on your device. Find out more here.     ×