Starcore Announces First Quarter Production Results
Vancouver, British Columbia--(Newsfile Corp. - August 11, 2023) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or "the Company") announces production results for the first fiscal quarter ended July 2023, at its San Martin Mine ("San Martin") in Queretaro, Mexico.
"The mine experienced a reduction in gold equivalent ounces and gold grades of approximately
"As stated last quarter, we have been investigating small mines near San Martin to utilize additional unused capacity of our plant. We have identified a potential property for exploration and are currently negotiating terms with the owner."
12 Month YTD | ||||||||||||
San Martin Production | Q1 2023 | Q4 2023 | Q/Q Change | 2023 | 2022 | Y/Y Change | ||||||
Ore Milled (Tonnes) | 57,700 | 56,821 | 57,700 | 55,263 | ||||||||
Gold Equivalent Ounces | 1,918 | 2,409 | - | 1,918 | 2,925 | - | ||||||
Gold Grade (Grams/Ton) | 1.13 | 1.46 | - | 1.13 | 1.7 | - | ||||||
Silver Grade (Grams/Ton) | 14.24 | 11.35 | 14.24 | 21.29 | -33 | |||||||
Gold Recovery (%) | 83.99 | 86.12 | - | 83.99 | 89.43 | - | ||||||
Silver Recovery (%) | 45.82 | 48.72 | - | 45.82 | 49.13 | - | ||||||
Gold: Silver Ratio | 81.98 | 82.92 | 81.98 | 85.98 |
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 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: www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.
(Signed) "Robert Eadie"
Robert Eadie, Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
ROBERT EADIE
Investor Relations
Telephone: (604) 602-4935 x 205
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for the adequacy or accuracy of this press release.
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