Starcore Upgrades Safety Protocols Temporarily Suspends Operations at San Martin
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 21, 2024 TSX: SAM
FSE: V4JA
NOT FOR DISTRIBUTION IN THE UNITED STATES
Starcore Upgrades Safety Protocols
Temporarily Suspends Operations at San Martin
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or “the Company”)
announces that mining operations have been temporarily suspended at its San Martin Mine (“San Martin”) in
Queretaro, Mexico.
An unscheduled inspection at the mine conducted by the Mexican Labor Department identified safety standards
that need to be met before resuming operations. The inspection followed a recent singular fatality at the mine,
the first one in 18-1/2 years of Starcore’s record of zero fatalities in its mining operations at San Martin.
“Safety has been a high priority at San Martin for 18 -1/2 years and will continue to be of utmost importance
in our operations,” said Robert Eadie, Chief Executive Officer of Starcore.
“We expect to meet the safety standards that the Labor Department requires and have mining operations resume
within a week,” stated Robert Eadie. “The Company’s mine operations and safety teams are working tirelessly
to meet the required protocols, while management extends compassion to the family who has lost a loved one,
and is providing grief counselling to those who need it.”
About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico.
While this base of producing assets has been complemented by exploration and development projects
throughout North America, Starcore has expanded its reach internationally with the project in Côte d’Ivoire .
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, Chief Executive Officer
- 2 -
FOR FURTHER INFORMATION PLEASE CONTACT:
Robert Eadie
Telephone: (604) 602-4935
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for the adequacy or accuracy of this press release.
This news release contains “forward-looking” statements and information (“forward-looking statements”). All statements,
other than statements of historical facts, included herein, including, without limitation, management’s expectations and
the potential o f the Company’s projects, are forward looking statements. Forward -looking statements are based on the
beliefs of Company management, as well as assumptions made by and information currently available to Company’s
management and reflect the beliefs, opinion s, and projections on the date the statements are made. Forward -looking
statements involve various risks and uncertainties and accordingly, readers are advised not to place undue reliance on
forward-looking statements. There can be no assurance that such s tatements will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such statements . The Company assumes no obligation
to update forward‐looking statements or beliefs, opinions, projections or other f actors, except as required by law.