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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

Comment by bengramon Jan 30, 2014 11:15am
236 Views
Post# 22153055

RE:News! the good and the bad

RE:News! the good and the badSo obviously the exploration results, or lack thereof, are a disappointment but I think the production statistics continue to be very good.

You should be able to tease out the November and December mining results from the calendar year data and by adjusting the 1/13 quarterly results. 

I see Starcore producing about 4,500 ounces over the last two months, which comes out to full quarter production of about 6,800 ounces, just below last quarter's record results. Ore grade and recovery gets trickier to estimate but I would guess it continues to trend well/stay consistent with 10/31 results based on comparing calendar year stats with the fiscal year results. 

Looks like they will continue the exploration campaign which is great. The potential for adding to reserves is the best use of the large amounts of CF they generate.
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