Starcore Announces 4th Quarter Production Results
(firmenpresse) -
Vancouver, B.C. - Starcore International Mines Ltd. (TSX: SAM) (Starcore or the Company) announces production results for the fourth quarter of fiscal year 2019 / 2020, ended April 30, 2020, at its San Martin Mine (San Martin) in Queretaro, Mexico.
We are continuing as planned to mine profitable ounces and focus on strict cost controls. Despite the lower than planned gold and silver grades during this quarter, new exploration has discovered better grades that we expect to reach by drifting in the next quarters, reported Salvador Garcia, Chief Operating Officer of the company.
San Martin Q4 20 Q3 201Q/Q YTD 201 YTD 20Y/Y
Production 19 9 Change9 18 Change
Ore Milled (Tonnes56,59658,316 -3% 229,830 301,912-24%
)
Gold Equivalent 2,925 3,425 -15% 13,112 16,393 -20%
Ounces
Gold Grade 1.65 1.84 -10% 1.82 1.62 12%
(Grams/Ton)
Silver Grade 25.32 30.06 -16% 30.49 39.24 -22%
(Grams/Ton)
Gold Recovery (%) 88.72 90.09 -2% 87.67 86.24 2%
Silver Recovery 55.77 50.93 10% 54.36 58.47 -7%
(%)
Gold: Silver Ratio102.5986.32 90.28 82.48
Salvador Garcia, P. Eng., a director of the Company and Chief Operating Officer, is the Companys qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.
About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. This base of producing assets is complemented by exploration and development projects throughout North America. The company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value. You can find more information on the investor friendly website here: www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.
Signed Robert Eadie-----
Robert Eadie, President & Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
EVAN EADIE
Investor Relations
Telephone: (604) 602-4935 x 230
Toll Free: 1-866-602-4935
Email: eeadie(at)starcore.com
The Toronto Stock Exchange has not reviewed, nor does it accept responsibility for the adequacy or accuracy of this press release.
Leseranfragen:
Starcore konzentriert sich auf die Exploration, Gewinnung und Verarbeitung von Gold- und Silbervorkommen. Das Unternehmen besitzt, erwirbt, fördert, exploriert und bewertet Rohstoffprojekte. Die weitere Bearbeitung dieser Projekte erfolgt entweder über Joint Ventures oder durch das Unternehmen selbst. Das Unternehmen besitzt ausschließlich Beteiligungen an Konzessionsgebieten in Mexiko.
Datum: 14.05.2020 - 18:37 Uhr
Sprache: Deutsch
News-ID 612485
Anzahl Zeichen: 2645
contact information:
Town:
Wien
Kategorie:
Business News
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