STARCORE ANNOUNCES 2nd Quarter Production Results
November 16, 2017 TSX: SAM
STARCORE ANNOUNCES
2nd Quarter Production Results
Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) announces production results for
the second quarter of fiscal 2018, ended October 31, 2017, at its San Martin Mine (“San Martin”) in
Queretaro, Mexico and the Altiplano Gold Silver Processing Facility (“Altiplano”) in Matehuala, Mexico.
During Q2 at San Martin , a total of 69 ,753 tonnes was milled at an average grade of 1 .56 g/t gold and
13.6 g/t silver resulting in the production of 2,739 gold equivalent ounces. M ill recoveries averaged 80.9%
for gold and 54.0% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of
75.6:1 during the quarter.
During Q 2 the Altiplano Facility received approximately 137.25 tonnes of concentrate and 311 kg of
precipitates containing approximately 197 ounces of gold and 13,650 ounces of silver. During the quarter
ended October 31, 2017, the Company sold 94 ounces of gold and 20,280 ounces of silver.
“A mixed operating environment continued at the San Martin mine and Altiplano during Q2. Due to ore
availability at the mine, we saw a decline in grade and production numbe rs. At Altiplano, a management
change led to efficiency issues in filling the plant to capacity. Against this backdrop, we have implemented a
strategy that addresses those issues, and with new operating management onboard, we are confident that we
will be able to optimize production levels in future quarters, reflecting both the diversity and the strength of
our team,” reported Robert Eadie, President of the Company.
Salvador Garcia, B. Eng., a director of the Company and Chief Operating Officer, is the Company’s qualified
person on the project as required under NI 43- 101and has prepared the technical information contained in
this press release.
About Starcore
Starcore is engaged in exploring, extracting and processing gold and silver through its wholly -owned
subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro,
Mexico. Through its wholly- owned subsidiary, Altiplano Goldsilver S.A. de C.V, Starcore also owns and
operates the Altiplano concentrate processing facility for precious metals in Matehuala, Mexico. Starcore is
a public reporting issuer on the Toronto Stock Exchange. Starcore is also engaged in owning, acquiring,
exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these
properties further. Starcore has interests in properties located in Mexico, Canada and the United States. For
more information concerning Starcore, see documents filed under its profile on SEDAR, or v isit its website
at www.starcore.com.
Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6
Suite 700 - 350 Bay Street, Toronto, Ontario, Canada M5H 2S6
Telephone: (604) 602-4935 Fax: (604) 602-4936 e-mail. [email protected] website: 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:
ROBERT EADIE:
Telephone: (416) 640-1936
EVAN EADIE
Investor Relations
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935
The Toronto Stock Exchange has not reviewed nor does it accept responsibility
for the adequacy or accuracy of this press release.