Starcore International Mines Ltd T.SAM

Alternate Symbol(s): SHVLF

Metals & Mining Gold

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

Starcore International Mines Ltd

Bullboard Posts

Comment by Teatimenowon Aug 20, 2014 1:41pm

195 Views

Post# 22861061

RE:RE:0.02$/share dividend

Quote for NR:

Board of Directors has declared its first annual dividend in the Company's history.

What you say makes no sense:
If it would be a one time dividend, it would say so in NR. For example "has declared a special dividend.
It took longer than anticipated, but the Company (SAM) said for over 2 yrs that their plan is to have a sustainable ongoing dividend.

With a PE ratio of 3-4 and a 10% yield, i douhbt this is "fully priced".

chrs
teatime

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