{"id":1148315,"date":"2019-11-06T08:15:17","date_gmt":"2019-11-06T14:15:17","guid":{"rendered":"https:\/\/www.mining.com\/?p=1006049"},"modified":"2019-11-06T08:15:17","modified_gmt":"2019-11-06T14:15:17","slug":"bear-creek-de-risks-corani-silver-project-in-peru","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1148315","title":{"rendered":"Bear Creek de-risks Corani silver project in Peru"},"content":{"rendered":"<p>Bear Creek Mining (TSXV: BCM) announced that it has completed a review of the 2017 NI 43-101 Technical Report entitled Corani Project Detailed Engineering Phase 1 (FEED) for the Corani silver, lead, zinc deposit in Peru.&nbsp;<\/p>\n<div class='d-flex justify-content-center'>\n<div id='div-gpt-ad-1561499308230-0'><script>googletag.cmd.push(function() {googletag.display('div-gpt-ad-1561499308230-0');});<\/script><\/div>\n<\/div>\n<p>In a press release, Bear Creek said that the objectives of the review were to reduce typical construction, development and operating risks and to identify potential improvements to Corani&#8217;s expected economic performance.&nbsp;<\/p>\n<figure class=\"wp-block-pullquote alignright\">\n<blockquote>\n<p>Silver production totaling 49 million ounces during the first three operating years would make Corani one of the world&#8217;s largest silver mines\u00a0<\/p>\n<\/blockquote>\n<\/figure>\n<p>&#8220;The results of the review include a 20 per cent increase in daily production, a $126 million (31%) increase in after-tax Net Present Value, a 52% increase in after-tax Internal Rate of Return from 15.1% to 22.9%, a 1.2 year (33%) reduction in the payback period, lower All-In-Sustaining-Costs and significantly reduced construction, development and operating risks,&#8221; the media statement reads.<\/p>\n<p>The review also revealed that projected silver production totalling 49 million ounces during the first three operating years would make Corani one of the world&#8217;s largest silver producers.&nbsp;<\/p>\n<p>According to Anthony Hawkshaw, Bear Creek&#8217;s president and CEO, byproduct lead and zinc credits make a significant contribution to Corani&#8217;s expected AISC of $1.36 per ounce of silver for years one through three, resulting in capital payback in less than 30 months of the projected 15-year mine life.&nbsp;<\/p>\n<p>Corani is located in the Andes mountains of Peru, approximately 160 kilometers southeast of Cusco in a sparsely populated high-mountain desert environment.\u00a0<\/p>\n<p>The project consists of 13 mineral concessions that form a contiguous block of ground covering approximately 5,700 hectares.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Canadian miner ran a thorough review of its 2017 NI 43-101 Technical Report.<\/p>\n","protected":false},"author":42,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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