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Starcore International Mines Ltd T.SAM

Alternate Symbol(s):  SHVLF

Starcore International Mines Ltd. is engaged in precious metals production with focus on Mexico. The Company is engaged in extracting and processing gold and silver in Mexico through the San Martin mine in Queretaro, Mexico. The San Martin mine is located about 47 about kilometers (km) in straight line, northeast of Queretaro City, Queretaro State, on local road No.100 and about 250 km northwest of Mexico City, near the towns of Bernal, Tequisquiapan and Ezequiel Montes. The San Martin mine complex consists of eight mining claims that cover 12,991.7805 hectares (ha). Its Kimourko Gold Project is located in the Lac region of central Ivory Coast, about 40 km south of the capital, Yamoussoukro. Its other projects include the El Creston Project, the Opodepe Project, and the Ajax Project. The El Creston molybdenum property is located in the State of Sonora, Mexico. The Ajax Molybdenum Property consists of about 11,718 ha and is located 13 km north of Alice Arm, British Columbia.


TSX:SAM - Post by User

Post by lilswedeon Oct 25, 2012 9:40pm
307 Views
Post# 20525668

financials looks like .10cts/share for 2012

financials looks like .10cts/share for 2012

Starcore International Mines Ltd.

Consolidated Statements of Operations and Comprehensive Income (Loss)

(in thousands of Canadian dollars except per share amounts)

For the year ended July 31, 2012 2011

(Notes 19)

Revenues

Mined ore $ 38,524 $ 29,413

Purchased concentrate 18,515 10,052

Total Revenues 57,039 39,465

Cost of Sales (note 7)

Mined ore 17,530 15,759

Purchased concentrate 17,819 9,752

Total Cost of Sales (35,349) (25,511)

Earnings from mining operations 21,690 13,954

Financing costs (note 9) (1,328) (13,177)

Finance income 24 -

Foreign exchange gain (loss) 681 (210)

Impairment of investment - (300)

Professional and consulting fees (711) (432)

Management fees and salaries (1,075) (534)

Office and administration (1,097) (701)

Shareholder relations (348) (237)

Impairment of equipment - (179)

Earnings (loss) before taxes 17,836 (1,816)

Income taxes expense (note 18) (3,501) (2,361)

Earnings (loss) for the year 14,335 (4,177)

Other comprehensive income (loss)

Foreign currency translation differences 130 (253)

Comprehensive income (loss) for the year $ 14,465 $ (4,430)

Basic income (loss) per share (Note 17) $ 0.11 $ (0.05)

Diluted income (loss) per share (Note 17) $ 0.10 $ (0.05)

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