Bear Creek Mining Reports Q3 2025 Financial and Operating Results

Core Insights - Bear Creek Mining Corporation reported its interim consolidated financial results for Q3 2025, highlighting operational challenges and financial losses [1][3][4] Financial Performance - Revenue for Q3 2025 was $22.5 million, with a comprehensive loss of $30.8 million, translating to a loss of $0.11 per share [4][21] - Adjusted earnings for the quarter were $(10.6) million, or $(0.04) per share, consistent with recent quarterly results [5][23] - Cash generated from operating activities was $(5.98) million, while cash used in investing activities was $(11.45) million, and financing activities generated $13.02 million [4][24] Production Highlights - The company produced 6,219 ounces of gold and 18,866 ounces of silver during Q3 2025 [5][6] - Total tonnes mined were 76,211, and tonnes processed were 79,457, with an average gold grade mined of 2.84 g/t [6][8] - Production was impacted by development deficits at the Mercedes mine due to operational challenges and ventilation issues at the Marianas deposit [3][9] Operational Challenges - The company faced significant operational challenges, including contractor underperformance and ground stability issues at the Marianas deposit, which hindered production [9][11] - A comprehensive recovery plan is being implemented to address these challenges, including transitioning to a replacement contractor [9][11] Strategic Initiatives - The company is actively conducting a Strategic Review to explore options for enhancing value, including potential asset sales or mergers [5][18] - Ongoing community support initiatives and environmental monitoring are being maintained at the Corani project [14][15] Debt Management - The company has deferred interest payments on certain debt agreements until December 31, 2025, and has issued a secured promissory note for up to $6.5 million for working capital [16][17] - As of September 30, 2025, the company had a net working capital deficiency of $113.1 million [25]