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Starcore International Mines Ltd T.SAM

Alternate Symbol(s):  SHVLF

Starcore International Mines Ltd. is a Canada-based company, which is engaged in exploring, extracting, and processing gold and silver. The Company through its wholly owned subsidiary, Compania Minera Pena de Bernal, S.A. de C.V. (Bernal), which owns the San Martin mine in Queretaro, Mexico. It is also engaged in acquiring mining related operating assets and exploration assets in North America. Its San Martin mine is located approximately 50 kilometers (km) east of the City of Queretaro, Mexico, and consists of mining concessions covering approximately 13,077 hectares (ha), which includes seven underground mining units and four units under exploration. Its Ajax Molybdenum property, approximately 1,718 hectares in size, hosts the Ajax Porphyry Molybdenum Deposit. Its Opodepe project consists of the Teocuitla and El Creston properties. Its El Creston molybdenum property is located in the State of Sonora, Mexico. Its Toiyabe Gold Project is located in Lander County, Nevada, United States.


TSX:SAM - Post by User

Post by handyrandy321on Aug 12, 2020 7:38pm
96 Views
Post# 31400846

Production up costs down sounds right direction

Production up costs down sounds right direction
San Martin Production Q1 2021 Q4 2020 Q/Q Change YTD 2021
Ore Milled (Tonnes) 59,099 56,596 4% 59,099
Gold Equivalent Ounces 3,259 2,925 11% 3,259
Gold Grade (Grams/Ton) 1.70 1.65 3% 1.70
Silver Grade (Grams/Ton) 29.17 25.32 15% 29.17
Gold Recovery (%) 88.77 88.72 0% 88.77
Silver Recovery (%) 56.53 55.77 1% 56.53
Gold: Silver Ratio 97.22 102.59   97.22

"The operational excellence programs and strict cost control have proven successful with higher productivity, better grade and a total cost reduction" said Salvador Garcia, COO of the Company. "We are continuing to produce profitable ounces and taking advantage of the current gold and silver price environment. 
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