6-K
STARCORE INTERNATIONAL MINES LTD. (SHVLF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of May, 2020
Commission File Number 000-50922
STARCORE INTERNATIONAL MINES LTD.
(Translation of registrant’s name into English)
Suite 750 – 580 Hornby Street, Vancouver, B.C., Canada V6C 3B6
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
EXHIBITS
| Exhibit No. | Description |
|---|---|
| 99.1 | News Release dated May 14, 2020 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
STARCORE INTERNATIONAL MINES LTD.
Date: May 14, 2020
By:
/s/ Gary Arca Gary Arca Chief Financial Officer
sam-ex991_6.htm
May 14, 2020TSX: SAM
STARCORE ANNOUNCES
4th Quarter Production Results
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or the “Company”) announces production results for the fourth quarter of fiscal year 2019 / 2020, ended April 30, 2020, at its San Martin Mine (“San Martin”) in Queretaro, Mexico.
“We are continuing as planned to mine profitable ounces and focus on strict cost controls. Despite the lower than planned gold and silver grades during this quarter, new exploration has discovered better grades that we expect to reach by drifting in the next quarters,” reported Salvador Garcia, Chief Operating Officer of the company.
| San Martin Production | Q4 2019 | Q3 2019 | Q/Q Change | YTD 2019 | YTD 2018 | Y/Y Change |
|---|---|---|---|---|---|---|
| Ore Milled (Tonnes) | 56,596 | 58,316 | -3% | 229,830 | 301,912 | -24% |
| Gold Equivalent Ounces | 2,925 | 3,425 | -15% | 13,112 | 16,393 | -20% |
| Gold Grade (Grams/Ton) | 1.65 | 1.84 | -10% | 1.82 | 1.62 | 12% |
| Silver Grade (Grams/Ton) | 25.32 | 30.06 | -16% | 30.49 | 39.24 | -22% |
| Gold Recovery (%) | 88.72 | 90.09 | -2% | 87.67 | 86.24 | 2% |
| Silver Recovery (%) | 55.77 | 50.93 | 10% | 54.36 | 58.47 | -7% |
| Gold: Silver Ratio | 102.59 | 86.32 | 90.28 | 82.48 |
Salvador Garcia, P. Eng., a director of the Company and Chief Operating Officer, is the Company’s qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.
About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. This base of producing assets is complemented by exploration and development projects throughout North America. The company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value. You can find more information on the investor friendly website here: www.starcore.com.
Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6
Telephone: (604) 602-4935 Fax: (604) 602-4936 e-mail: investor@starcore.com website: www.starcore.com
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ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.
Signed “Robert Eadie” Robert Eadie, President & Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
EVAN EADIE Investor Relations Telephone: (604) 602-4935 x 230 Toll Free: 1-866-602-4935 Email: eeadie@starcore.com
The Toronto Stock Exchange has not reviewed, nor does it accept responsibility for the adequacy or accuracy of this press release.