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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 > Our analysts have initiated coverage on Starcore!
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Post by JasleenDhakaon Jan 11, 2023 2:42pm
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Post# 35216517

Our analysts have initiated coverage on Starcore!

Our analysts have initiated coverage on Starcore!Starcore is Trading Below Cash!

Our analysts have initiated coverage on Starcore International Mines. It's 100% owned San Martin mine (Mexico) and has been in operation since 1993. It has produced over 690 Koz gold equivalent (AuEq). SAM has an advanced-stage Opodepe project in Mexico, which has a reasonably large copper-molybdenum resource.

Read what our analysts are saying:

• Our analysts believe the project's remaining resources can support another 10 years of production. The mine generated $9M in operating profit, at cash costs of US$1,239/oz in FY2022 (year- ended April 2022).

• The company is planning to complete a 10,000 m drill program this year, to potentially expand the project’s mine-life. Analysts believe there is significant resource expansion potential as 89% of the project area is underexplored.

• Healthy balance sheet, with no debt. Analysts note that most gold producers use leverage. Management and insiders own 25% of this company’s equity.

Find out more in the full report: https://www.researchfrc.com/starcore-international-mines-ltd-tsx-sam-otc-shvlf-fk-v4ja-a-profitable-gold-producer-trading-below-cash-initiating-coverage/?utm_source=ceo.ca&utm_medium=Referral&utm_campaign=ceo.ca&utm_id=Starcore+

*FRC provides issuer-paid coverage.
*Past performance is not indicative of future results.
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