Starcore Announces 2nd Quarter Production Results

Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

Vancouver, British Columbia--(Newsfile Corp. - November 13, 2019) - 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 2019Q/Q Change YTD 2019 YTD 2018Y/Y Change
Ore Milled(Tonnes)54,09660,822-11% 114,918158,842-28%
Gold Equivalent Ounces3,0503,711 -18% 6,7618,317-19%
Gold Grade (Grams/Ton)1.782 -11%1.901.4531%
Silver Grade (Grams/Ton)34.1932.40 6% 33.3546.12-28%
Gold Recovery (%)87.3584.99 3%86.0387.50-2%
Silver Recovery (%)52.2758.33 -10% 55.459.10-6%
Gold: Silver Ratio84.8189.11


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 Responsibility and advocates value driven decisions that will increase long term shareholder value. You can find more information on the investor friendly website here:


Signed "Robert Eadie"
Robert Eadie, President & Chief Executive Officer


Investor Relations
Telephone: (604) 602-4935 x 230
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.

To view the source version of this press release, please visit

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).