Skip to main content

Bear Creek Mining to acquire Equinox Gold’s Mercedes mine

Published by , Editor
Global Mining Review,

Bear Creek Mining Corp. has entered into a definitive agreement with Equinox Gold Corp. to acquire a 100% interest in the Mercedes gold-silver mine located in Sonora, Mexico.

The Mercedes acquisition will:

  • Add a high quality, low cost, cash flowing asset to Bear Creek’s project portfolio.
  • Provide a source of free cash flow to help fund development and construction of the Corani silver mine.
  • Offer excellent near-mine and regional exploration upside.
  • Diversify Bear Creek’s asset base with mix of jurisdictions, project stages and commodities while retaining a precious metals focus.
  • Create an opportunity for re-rating of the company’s shares to align with junior precious metals producers.
  • Enhance the company’s share registry and market profile with the addition of two new strategic stakeholders.

“Moving from a development stage company into a precious metals producer is an important step in Bear Creek’s evolution”, said Anthony Hawkshaw, President and CEO. “The acquisition of Mercedes provides our shareholders a cash flowing asset with expansion potential and participation in a land package with an exciting exploration outlook. Furthermore, the financial and technical support provided by Sandstorm reinforces management’s conviction that Mercedes will be a positive contributor to each of our treasuries; a positive contribution that for Bear Creek will, in large part, be directed to the continuing development of Corani.”

Read the article online at:

You might also like


Electrification in Mining virtual conference

Join us on 16 April 2024 for Global Mining Review's first Electrification in Mining event is an interactive virtual conference, focusing on electrification as the future of sustainable mining and exploring the innovative approaches and technologies being developed to facilitate its implementation.

Register for FREE »


Embed article link: (copy the HTML code below):