Bear Creek Mining arranged a $400 million senior secured credit facility with BNP Paribas and Société Générale.
The funds will be used to advance the company’s Corani silver-lead-zinc project located in the Puno region of Peru. The company said the project is fully permitted.
The financing partners still need to assess commodity market conditions and develop terms and conditions for the facility to proceed.
Corani contains in excess of 225 million ounces of silver, 2.7 billion pounds of lead and 1.8 billion pounds of zinc, and is expected to produce more than 9.6 million ounces of silver and 165 million pounds of combined lead and zinc annually over a projected 15-year mine life.
