STARCORE INTERNATIONAL MINES LTD 6-K, filed Nov 16, 2020
STARCORE INTERNATIONAL MINES LTD. (SHVLF)
About this 6-K
STARCORE INTERNATIONAL MINES LTD filed this 6-K on November 16, 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 November, 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 November 16, 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: November 16, 2020
By:
/s/ Gary Arca
Gary Arca
Chief Financial Officer
November 16, 2020TSX: SAM
OTCQB: SHVLF
STARCORE ANNOUNCES
2nd Quarter Production Results
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or the “Company”) announces production results for the second quarter of fiscal year 2020 / 2021, ended October 31, 2020, at its San Martin Mine (“San Martin”) in Queretaro, Mexico.
“In spite of the devastating pandemic which has hit Mexico very hard, our operations are ongoing without major issues. This is mainly due to the discipline of our work force, our management team’s commitment to the health of our workers and the respect for the rules and measures taken by the Mexican Government,” reported Salvador Garcia, Chief Operating Officer of the company. “Even though the grades during the quarter decreased, the ounces produced have been delivering a good margin of profit for reasons beyond just the higher gold and silver prices. The measures adopted in the last year in our operations and the cost optimization in all areas, including administration, have resulted in financial improvements reflected in more resources to increase the exploration in unexplored areas by development and drilling, creating good expectations in the short term.”
|
San Martin Production |
Q2 2020 |
Q1 2019 |
Q/Q Change |
YTD 2020 |
YTD 2019 |
Y/Y Change |
|
Ore Milled (Tonnes) |
56,731 |
59,099 |
-4% |
115,830 |
114,918 |
-1% |
|
Gold Equivalent Ounces |
2,867 |
3,259 |
-12% |
6,126 |
6,762 |
-9% |
|
Gold Grade (Grams/Ton) |
1.60 |
1.70 |
-6% |
1.65 |
1.90 |
-13% |
|
Silver Grade (Grams/Ton) |
21.98 |
29.17 |
-25% |
25.65 |
32.25 |
-23% |
|
Gold Recovery (%) |
88.50 |
88.74 |
-0.3% |
88.63 |
86.04 |
3% |
|
Silver Recovery (%) |
56.99 |
56.53 |
1% |
56.72 |
55.40 |
2% |
|
Gold: Silver Ratio |
75.05 |
97.22 |
|
86.64 |
87.10 |
|
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.