STARCORE INTERNATIONAL MINES LTD 6-K, filed Aug 12, 2020
STARCORE INTERNATIONAL MINES LTD. (SHVLF)
About this 6-K
STARCORE INTERNATIONAL MINES LTD filed this 6-K on August 12, 2020.
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 August, 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 |
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: August 12, 2020
By:
/s/ Gary Arca
Gary Arca
Chief Financial Officer
August 12, 2020TSX: SAM
OTCQB: SHVLF
STARCORE ANNOUNCES
1ST QUARTER PRODUCTION RESULTS
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or the “Company”) announces production results for the first quarter of the fiscal year 2021, ended July 31, 2020, at its San Martin Mine (“San Martin”) in Queretaro, Mexico.
The current pandemic in Mexico is testing our capacity to respond quickly and diligently and so far has not impacted our operations in a material way. Nonetheless, the Company continues to take precautionary measures to ensure the safety of the workers and the surrounding communities.
“The operational excellence programs and strict cost control have proven successful with higher productivity, better grade and a total cost reduction” said Salvador Garcia, COO of the Company. “We are continuing to produce profitable ounces and taking advantage of the current gold and silver price environment. In addition, we are revisiting areas of the mine that were passed over due to grade when metal prices were lower, in conjunction with exploration programs that continue to increase the reserves through drilling and development.”
|
San Martin Production |
Q1 2021 |
Q4 2020 |
Q/Q Change |
YTD 2021 |
YTD 2020 |
Y/Y Change |
|
Ore Milled (Tonnes) |
59,099 |
56,596 |
4% |
59,099 |
60,822 |
-3% |
|
Gold Equivalent Ounces |
3,259 |
2,925 |
11% |
3,259 |
3,711 |
-12% |
|
Gold Grade (Grams/Ton) |
1.70 |
1.65 |
3% |
1.70 |
2.00 |
-15% |
|
Silver Grade (Grams/Ton) |
29.17 |
25.32 |
15% |
29.17 |
32.40 |
-10% |
|
Gold Recovery (%) |
88.77 |
88.72 |
0% |
88.77 |
84.99 |
4% |
|
Silver Recovery (%) |
56.53 |
55.77 |
1% |
56.53 |
58.33 |
-3% |
|
Gold: Silver Ratio |
97.22 |
102.59 |
|
97.22 |
89.11 |
|
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 203
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.