Bear Creek Expects Peru Project Rights Resolution by Year-End

Bear Creek Mining Corp. expects to resolve a dispute with Peru by the end of this year, possibly by sharing profits with the local community, after the government withdrew a concession to develop the Santa Ana silver deposit.

Bear Creek may agree to give local communities 2 percent to 3 percent of net profit from the deposit as part of a deal to restore its rights to build and operate the mine, Chief Executive Officer Andrew Swarthout said in an interview in Toronto today.