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Peru junior jumps after visit by President Castillo

Kitco News

Peru president Pedro Castillo heard good words the community of Corani, which is also near Bear Creek Mining's silver project.

Today the company (CVE:BCM) traded up 27% to $1.71.

Last week representatives from the towns and villages of the Corani District were received by the President of Peru, Pedro Castillo Terrones at the Presidential Palace.

"During the meeting community representatives formally and unequivocally expressed their support for Bear Creek Mining's development, construction and operation of the Corani silver deposit. President Castillo in turn welcomed their statement of support, declared that, 'investment with responsible companies' is welcome in Peru, and committed to the delegation that he and the Peruvian government will support development of the Corani project in order to bring the project to fruition, stating he 'will take Corani as an example for future investment desires'," wrote the company.

Bear Creek said it has been granted all key permits for its Corani project.

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