STARCORE ANNOUNCES 2nd 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
November 13, 2019 TSX: SAM
STARCORE ANNOUNCES
2nd Quarter Production Results
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) ( “Starcore” or the “Company”)
announces production results for the second quarter of fiscal year 2019 / 2020, ended October 31, 2019, at its
San Martin Mine (“San Martin”) in Queretaro, Mexico.
“We are continuing with the plan to mill higher grade ore producing more profitable ounces and we believe
we are on the right track. This last quarter has reflected all the measures taken to reduce costs and improve ore
grade and we have shown a steady improvement each month. The number of meters developed in preparation
and exploration continues to increase and it has contributed to the steady increase of production and reserves.”
reported Salvador Garcia, Chief Operating Officer of the company. “The focus continues to be moving inferred
resources to the proven and probable category and improving operational culture at our principal asset, the San
Martin mine”.
San Martin Production Q2 2019 Q1 2019 Q/Q Change YTD 2019 YTD 2018 Y/Y Change
Ore Milled(Tonnes) 54,096 60,822 -11% 114,918 158,842 -28%
Gold Equivalent Ounces 3,050 3,711 -18% 6,761 8,317 -19%
Gold Grade (Grams/Ton) 1.78 2 -11% 1.90 1.45 31%
Silver Grade (Grams/Ton) 34.19 32.40 6% 33.35 46.12 -28%
Gold Recovery (%) 87.35 84.99 3% 86.03 87.50 -2%
Silver Recovery (%) 52.27 58.33 -10% 55.4 59.10 -6%
Gold: Silver Ratio 84.81 89.11 86.89 80.32
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.
ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.
- 2 -
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: [email protected]
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for the adequacy or accuracy of this press release.