Starcore Announces 2nd Quarter Production Results
16 Noviembre 2017 - 6:14PM
Starcore International Mines Ltd.
(TSX:SAM) (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. Mill 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 Q2 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 numbers. 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 43-101 and has prepared
the technical information contained in this press release.
About StarcoreStarcore 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 visit its website at
www.starcore.com.
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 EADIEInvestor RelationsTelephone: (416) 640-1936Toll 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.
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