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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 tovitekovichon Aug 23, 2021 9:31am
79 Views
Post# 33747691

NICE PRICE ACTION ON GOLD THIS MORNING

NICE PRICE ACTION ON GOLD THIS MORNING

Starcore International Mines:

Producing gold and silver mine San Martin with a production of 11,797 oz AuEq in fiscal 2021

100% interest in a advanced strategic exploration project El Creston located in Mexico with a NPV of $500,000,000+ at a molybdenum price of $15/lbs and a copper price of $2,60/lbs, the project containing molybdenum, copper, gold and silver

100% interest in the strategic Ajax molybdenum project located in Canada (molybdenum deposit with indicated resources of 98,900,000 lbs and inferred 649,800,000 lbs both at a cutoff of 0.04%

$4,000,000+ in cash

Debt free mining company

Shareholding in IM Exploration with 4,100,000 shares

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