AcquisitionsMay 5, 2026, 04:03 PM
Highlander Silver Completes Bear Creek Mining Acquisition
AI Summary
Highlander Silver Corp. successfully completed the acquisition of Bear Creek Mining Corporation on February 26, 2026, through a plan of arrangement. The transaction involved the issuance of 36.2 million Highlander Silver common shares and significant debt settlement arrangements, including cash payments totaling US$7.8 million to Royal Gold and Equinox Gold, along with new net smelter return royalty agreements. Bear Creek, now a wholly-owned subsidiary, reported a comprehensive loss of US$23.89 million for 2025 on revenues of US$106.26 million.
Key Highlights
- Highlander Silver Corp. completed the acquisition of Bear Creek Mining Corporation on February 26, 2026.
- Highlander Silver issued 36,225,457 common shares as consideration for Bear Creek shares.
- US$6.2 million cash was paid to Royal Gold, Inc. and US$1.6 million to Equinox Gold Corp. for debt settlement.
- New net smelter return royalty agreements were established with Royal Gold (1.75% on Corani, 2% on Mercedes) and Equinox (0.5% on Corani).
- Highlander Silver repaid advances and outstanding interest to Wheaton Precious Metals International Ltd.
- Bear Creek Mining reported revenue of US$106.26 million and a comprehensive loss of US$23.89 million for the year ended December 31, 2025.
- Bear Creek's total assets were US$160.87 million and total liabilities were US$149.95 million as of December 31, 2025.