- Bear Creek Mining has significantly underperformed its benchmark this year, up just 15% year-to-date vs. a 33% return for the Silver Miners Index after a relatively quiet year.
- The company's flagship project is Corani in Peru, with the recent Feasibility Study projecting annual silver production of over 9 million ounces at industry-leading costs.
- While Corani has exceptional economics that even rival SilverCrest's Las Chispas, the one major hurdle for the project is initial capex which makes it a less attractive investment.
- In summary, while I see Bear Creek Mining as a name worth keeping an eye on, I believe there are more attractive names elsewhere in the sector currently.
For further details see:
Bear Creek Mining: Why The Discount Is So Extreme For Corani Ounces