Corani

Development Highlights

The Corani project hosts one of the largest fully permitted silver-polymetallic deposits in the world. The project site is in the Andes Mountains, in a region where the mineralization occurs in a low to intermediate sulfidation epithermal system. Silver, lead, and zinc mineralization is hosted in stockworks, breccia veins, and fractures. 

Historical mining and exploration activities have been carried out in the vicinity of the project site. Bear Creek began exploring Corani in early 2005. Exploration focused on drilling, and other exploration activities by the company included detailed geologic mapping, trenching, and geophysical surveys. From 2005 to 2019, Bear Creek completed approximately 101,400 metres of drilling at Corani. 

Production is planned from three open pits—the Este, Minas and Main pits with processing capacity of 27,000 tonnes per day. Corani is anticipated to have an average annual payable metal production of 9.6 Moz Ag, 98 Mlb Pb and 69 Mlb Zn over a 15-year mine life.  

Bear Creek has received the approval and permits required to develop and construct the proposed Corani mine. 

Reserves and Resources

On a 100% Basis

		Tonnage	Grade	Contained
Proven & Probable
Silver		138.6 Mt	51.3 g/t	228,600 koz
Zinc		138.6 Mt	0.55%	1,694 mlbs
Lead		138.6 Mt	0.90%	2,742 mlbs
Measured & Indicated1
Silver		238.6 Mt	42.1 g/t	322,700 koz
Zinc		238.6 Mt	0.44%	2,313 mlbs
Lead		238.6 Mt	0.66%	3,466 mlbs
Inferred
Silver		73.2 Mt	35.5 g/t	83,500 koz
Zinc		73.2 Mt	0.30%	484 mlbs
Lead		73.2 Mt	0.40%	641 mlbs

1. Measured and Indicated Mineral Resources are Inclusive of Mineral Reserves.

For notes to Mineral Reserves and Mineral Resources see page 118 of our Asset Handbook.