Starcore Announces 1ST Quarter Production Results
Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6
Telephone: (604) 602-4935 Fax: (604) 602-4936 e-mail: [email protected] website: www.starcore.com
August 12, 2020 TSX: SAM
OTCQB: SHVLF
STARCORE ANNOUNCES
1ST QUARTER PRODUCTION RESULTS
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) ( “Starcore” or the “Company”)
announces production results for the first quarter of the fiscal year 2021, ended July 31, 2020, at its San Martin
Mine (“San Martin”) in Queretaro, Mexico.
The current pandemic in Mexico is testing our capacity to respond quickly and diligently and so far has not
impacted our operations in a material way. Nonetheless, the C ompany continues to take precautionary
measures to ensure the safety of the workers and the surrounding communities.
“The operational excellence programs and strict cost control have proven successful with higher productivity,
better grade and a total cost reduction ” said Salvador Garcia, COO of the Company. “W e are continuing to
produce profitable ounces and taking advantage of the current gold and silver price environment. In addition,
we are revisiting areas of the mine that were passed over due to grade when metal prices were lower, in
conjunction with exploration programs that continue to increase the reserves through drilling and
development.”
San Martin Production Q1 2021 Q4 2020 Q/Q Change YTD 2021 YTD 2020 Y/Y Change
Ore Milled (Tonnes) 59,099 56,596 4% 59,099 60,822 -3%
Gold Equivalent Ounces 3,259 2,925 11% 3,259 3,711 -12%
Gold Grade (Grams/Ton) 1.70 1.65 3% 1.70 2.00 -15%
Silver Grade (Grams/Ton) 29.17 25.32 15% 29.17 32.40 -10%
Gold Recovery (%) 88.77 88.72 0% 88.77 84.99 4%
Silver Recovery (%) 56.53 55.77 1% 56.53 58.33 -3%
Gold: Silver Ratio 97.22 102.59 97.22 89.11
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 R esponsibility 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.
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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 203
Toll Free: 1-866-602-4935
Email: [email protected]
The Toronto Stock Exchange has not reviewed, nor does it accept responsibility
for the adequacy or accuracy of this press release.