Bear Creek Mining Corporation
Bear Creek Mining Corporation was a TSX Venture-listed precious metals miner that operated the Mercedes gold-silver mine in Mexico and held the permitted Corani silver project in Peru until being acquired by Highlander Silver Corp. in February 2026.
- Company typePublic
- Founded2000
- HeadquartersVancouver, Canada
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Bear Creek Mining Corporation does
Bear Creek Mining Corporation was a Canadian-domiciled precious metals mining company listed on the TSX Venture Exchange (ticker: BCM) and headquartered in Vancouver, British Columbia. Founded in 2000, the company operated across two jurisdictions, running the producing Mercedes gold-silver mine in Sonora, Mexico, and holding the fully permitted, development-stage Corani silver project in Peru, which the company described as hosting 229 million ounces of silver reserves, one of the largest silver deposits globally. In December 2025 Bear Creek divested its non-core Tassa Project in Peru to Colque Holding for US$3.5 million plus a net smelter return royalty, narrowing the asset base to Mercedes and Corani.
The company's revenue model was based on gold and silver production sold through commodity market channels (refiners and traders) at prevailing precious metals prices, supplemented by development-stage optionality on Corani. Bear Creek financed ongoing operations and project development through a series of equity and debt instruments, including a C$8.2 million private placement in July 2023, a US$9.5 million BMO Capital Markets bought deal in September 2023, drawdowns under a US$6.5 million Sandstorm Gold note in 2025, and a C$18 million non-brokered private placement from Highlander Silver in January 2026. The company reported a US$30.8 million net loss for Q3 2025 and a US$91.7 million working capital deficiency as of June 2025, reflecting operational challenges at Mercedes including ground stability and ventilation issues.
On February 26, 2026, Highlander Silver Corp. completed its acquisition of Bear Creek under a court-approved plan of arrangement, with Bear Creek shareholders receiving 0.1175 Highlander shares per Bear Creek share (approximately 36.2 million Highlander shares in aggregate). Concurrent with closing, Highlander settled US$7.8 million in debt with Royal Gold and Equinox Gold and repaid an outstanding advance to Wheaton Precious Metals. Bear Creek became a wholly-owned subsidiary of Highlander Silver, its shares were delisted from the TSX Venture Exchange on or about March 2, 2026, and the company ceased to be a reporting issuer in Canada.
Bear Creek Mining Corporation firmographics
Firmographics- Name
- Bear Creek Mining Corporation
- Legal name
- Bear Creek Mining Corporation
- Website
- https://bearcreekmining.com
- Company type
- Public
- Founded year
- 2000
- Operating status
- Acquired
- Headcount range
- 101–250 employees
- Short description
- Bear Creek Mining Corporation was a TSX Venture-listed precious metals miner that operated the Mercedes gold-silver mine in Mexico and held the permitted Corani silver project in Peru until being acquired by Highlander Silver Corp. in February 2026.
- Ownership category
- akta.pro rank
Bear Creek Mining Corporation industry classification
Industry- Product category
- Precious Metals Mining
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Silver Mining (IMAKAEAB)
- akta.pro secondary industries
- Gold Mining (IMAKAEAA), Precious Metals Ore Processing & Beneficiation (IMAKAEAD)
Keywords
Where Bear Creek Mining Corporation is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Markets served
Bear Creek Mining Corporation business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D
Distribution channels1 record
Marketing channels2 records
Bear Creek Mining Corporation product offering
Product offeringCore offering
Bear Creek Mining Corporation acquired, explored, developed, and operated precious metals mining assets, producing gold and silver from the Mercedes mine in Sonora, Mexico, and advancing the Corani silver project in Peru, which hosts 229 million ounces of silver reserves. The company generated revenue through the sale of mined gold and silver to global commodity markets and pursued offtake and strategic partnerships for its development-stage assets.
Product overview
Bear Creek Mining Corporation is a mining company that operated precious metal mining assets. The company operated the Mercedes gold-silver mine in Sonora, Mexico and held the Corani silver project in Peru. Following its acquisition by Highlander Silver Corp. completed on February 26, 2026, Bear Creek became a wholly-owned subsidiary. The company previously held the Tassa project in Peru, which was sold to Colque Holding in December 2025. These are mining operations, not technology products or software offerings.
Differentiator
Problem solved
Functional benefit
Products and services
- Mercedes Gold-Silver Mine
- Corani Silver Project
- Tassa Project
Companies that use Bear Creek Mining Corporation
Customer profileSegments1 record
Ideal customer profiles1 record
Bear Creek Mining Corporation technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Bear Creek Mining Corporation partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core and minor.
- Highlander Silver Corp.coreHighlander Silver completed acquisition of Bear Creek Mining Corporation under a court-approved plan of arrangement. Bear Creek shareholders received 0.1175 Highlander shares per Bear Creek share, representing aggregate consideration of approximately 36.2 million Highlander shares. Bear Creek became a wholly-owned subsidiary of Highlander Silver.
- Colque Holding Pty LtdminorBear Creek Mining sold its non-core Tassa Project in Peru to Colque Holding Pty Ltd for US$3.5 million, involving staged payments and a net smelter return royalty. The transaction included secured payments and future activity rights for Colque after completion.
Scale indicators9 records
Recent moves8 records
Expansion highlights3 records
Bear Creek Mining Corporation competitors and assessment
Company assessmentBroad incumbents
- Hecla Mining Company: Established U.S.-listed silver and gold producer with a long operating history, comparable commodity exposure though at much larger scale.
- Pan American Silver Corp. Large diversified silver producer with operations across the Americas, offering broader scale and portfolio diversification versus Bear Creek's two-asset base.
- Coeur Mining, Inc. Diversified precious metals producer with silver-dominant production across the Americas, a broader incumbent comparable to Bear Creek's silver-gold focus.
Emerging players
- SilverCrest Metals Inc. Emerging silver-gold producer focused on development and production in Mexico, comparable as a similar-stage silver-focused operator.
Direct peers
- Endeavour Silver Corp. Mid-tier silver-gold producer with multiple operating mines in Mexico, a direct comparable to Bear Creek's Mercedes mine in both jurisdiction and commodity mix.
- First Majestic Silver Corp. Pure-play silver producer operating multiple mines in Mexico, closely comparable to Bear Creek's Mercedes gold-silver mine asset and silver-only development pipeline.
- Fortuna Silver Mines Inc. Silver and gold producer with Latin American operations (Peru, Mexico, Argentina), a direct comparable across both commodities and geography.
- MAG Silver Corp. Development and producing silver mining company with assets in Mexico, comparable to Bear Creek's silver-focused development profile and Mexican operating exposure.
- Hochschild Mining plc: Mid-tier precious metals producer with primary operations in Peru (silver and gold), directly comparable to Bear Creek's silver-focused asset base in the same jurisdiction.
Others
- Equinox Gold Corp. Gold-focused producer that was a financial counterparty to Bear Creek (debt settlement of US$1.6M), related through precious metals exposure and transaction relationships.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Bear Creek Mining Corporation social profiles
Digital presenceBear Creek Mining Corporation financial estimates
Financial estimateRevenue estimate
Valuation estimate
Bear Creek Mining Corporation leadership team
Management profileNumber of profiles
Profiles3 records
Bear Creek Mining Corporation funding detail
Funding detailFunding overview
Funding rounds9 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Bear Creek Mining Corporation M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Bear Creek Mining Corporation
What does Bear Creek Mining Corporation do?
Bear Creek Mining Corporation acquired, explored, developed, and operated precious metals mining assets, producing gold and silver from the Mercedes mine in Sonora, Mexico, and advancing the Corani silver project in Peru, which hosts 229 million ounces of silver reserves. The company generated revenue through the sale of mined gold and silver to global commodity markets and pursued offtake and strategic partnerships for its development-stage assets.
Is Bear Creek Mining Corporation a public or private company?
Bear Creek Mining Corporation is a public company. It is classified as corporate owned and is currently acquired.
When was Bear Creek Mining Corporation founded?
Bear Creek Mining Corporation was founded in 2000. It employs 101 to 250 people.
Where is Bear Creek Mining Corporation based?
Bear Creek Mining Corporation is headquartered in Vancouver, Canada, in the North America region.
Who are Bear Creek Mining Corporation's main competitors?
Broad incumbents on record are Hecla Mining Company, Pan American Silver Corp. and Coeur Mining, Inc.. SilverCrest Metals Inc. is listed as an emerging player. Direct peers are Endeavour Silver Corp., First Majestic Silver Corp., Fortuna Silver Mines Inc., MAG Silver Corp. and Hochschild Mining plc. Equinox Gold Corp. is listed as an others.
Does Bear Creek Mining Corporation have an API?
No public API is recorded for Bear Creek Mining Corporation.
What industry is Bear Creek Mining Corporation in?
Bear Creek Mining Corporation's product category is Precious Metals Mining. Its primary akta.pro industry code is IMAKAEAB, Silver Mining, with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.