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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 TheRock07on May 12, 2016 8:48am
144 Views
Post# 24865249

Globe said Gold to Rally

Globe said Gold to Rally

 

P/wire say Kinross, others hear gold set to rally

 

2016-05-12 08:17 ET - In the News

Also In the News (C-ELD) Eldorado Gold Corp
Also In the News (C-G) Goldcorp Inc (2)

The Financial Post reports in its Thursday edition that billionaire hedge fund manager Paul Singer says gold's best quarter in 30 years is probably just the beginning of a rebound as global investors -- including billionaire investor Stan Druckenmiller -- weigh the ramifications of unprecedented monetary easing on inflation. A Bloomberg dispatch to the Post reports that Mr. Singer said in April: "It makes a great deal of sense to own gold. Other investors may be finally starting to agree. ... Investors have increasingly started processing the fact that the world's central bankers are completely focused on debasing their currencies." Gold for immediate delivery rallied 16 per cent in the first three months of the year, the biggest quarterly surge since 1986, as the Federal Reserve refrained from tightening, and central banks in Europe and Japan pressed on with negative interest rates. Mr. Druckenmiller said last week gold is his largest currency allocation and the bull market in stocks was exhausted. His outlook contrasts with the view from Goldman Sachs Group. While Goldman revised its bullion forecasts higher in a May 10 note, its commodity group still expects weaker gold prices over the next 12 months.

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