Bear Creek Mining Corp. (TSXV:BCM) announced that Peru’s Ministry of Energy and Mines has approved the Environmental and Social Impact Assessment (ESIA) for its Corani silver-lead-zinc project.
As quoted in the press release:
Corani represents a rare asset class containing 270 million ounces of silver and 4.8 billion pounds of combined lead and zinc which is forecasted to produce over 13 million ounces of silver/year at a negative cost of $0.45 per ounce of silver, net of by-product credits, for the first 5 years of a 22 year mine life. Subsequent steps in the advancement of the Corani project are intended to include detailed engineering followed by construction permits flowing from the ESIA.
Andrew Swarthout, CEO of Bear Creek, commented:
We sincerely appreciate the strong support from the local communities and the various Peruvian Ministries, including MEM, during the approval process. We also express our gratitude to the Peruvian central government for establishing investments in infrastructure along side of our life-of-mine community investment commitments. Bear Creek is excited to move this important project forward towards development.