- Bear Creek Mining press release (OTCQX:BCEKF): Q3 GAAP EPS of -$0.06.
- Revenue of $18.81M (-29.0% Y/Y).
- Outlook: The Company expects that the impact of the drilling results, mining methodology optimization, implementation of increased supervision, and controls to improve blasting and ground control will support final 2023 production of 39,000 - 45,000 ounces as announced on October 20, 2023.
- Exploration drilling focused on the Marianas Deep, Marianas Extension and San Martin Displacement targets is scheduled to restart in Q4 2023
- Tonnes mined from the San Martin deposit increased from 400 to almost 600 tonnes daily during Q3 2023, and improvements in both tonnage (to over 800 tonnes per day) and grade are expected in Q4 2023 as the available working faces increase and as development enters into the higher grade core of the ore body.
- The Company is also advancing the development of the Rey de Oro mine. Delineation drilling and the appointment of a development contractor are underway. Production from Rey de Oro is expected to commence during Q4 2023.
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