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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 AlfTanneron Jul 29, 2021 11:38am
122 Views
Post# 33623344

Error in news release?

Error in news release?Why does the news release have a table that says "Net Loss" of $2,892 and "Loss per share" of  $0.06 when it was actually a profit?


The following table contains selected highlights from the Company's audited consolidated statement of operations for the years ended April 30, 2021 and April 30, 2020:

(in thousands of Canadian dollars) (audited)

 

Year Ended April 30, 2021

   

Year Ended April 30, 2020

Revenues

$

26,799

 

$

24,820

Cost of Sales

 

(20,397)

 

 

(22,836)

Earnings from mining operations

 

6,402

   

1,984

           

Administrative Expenses

 

(3,843)

 

 

(4,396)

Loss on Sale of Property

 

(1,116)

 

 

(39)

Income tax recovery (expense) - deferred

 

1,449

   

(1,178)

Net Loss

$

2,892

 

$

(3,629)

(i) Loss per share - basic

$

0.06

 

$

(0.07)

(ii) Loss per share - diluted

$

0.06

 

$

(0.07)

Reconciliation of Net Income to EBITDA(1)

   

For the period ended April 30,

2021

 

2020

Net income (loss)

$ 2,892

 

$ (3,629)

Sale of Altiplano

-

 

39

Loss on Toiyabe

1,116

 

-

Income tax expense (recovery)

(1,449)

 

1,178

Interest

23

 

349

Depreciation and depletion

4,307

 

3,738

EBITDA

$ 6,889

 

$ 1,675

     

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