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 February, 2022
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 February 17, 2022 |
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: February 17, 2022
By:
/s/ Gary Arca Gary Arca Chief Financial Officer
sam-ex991_6.htm
February 17, 2022TSX: SAM
STARCORE ANNOUNCES
3^rd^ Quarter Production Results
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or “the Company”) announces production results for the third fiscal quarter ended January 31, 2022, at its San Martin Mine (“San Martin”) in Queretaro, Mexico.
The production continues to be stable in this quarter as the mine continues to produce profitable ounces in all areas of the mine, supported by the ongoing cost control measures and positive gold and silver prices.
Increasing the ore reserves is always a significant goal and this quarter saw the DDH intersect economic ore in a previously unexplored area of the San Martin vein. Preparations are underway to begin mining this area and we expect to start producing ore by the fourth quarter. This will give more stability to mine production and increase economic resources.
“Another important area of exploration is proving to be the continuation of the Cuerpo 31 and 32 to the northwest part of the mine beyond the faults, which define limits of each of Cuerpo (ore body). In this last quarter, we completed development to the next ore body, Cuerpo 33, and have begun the preparation to mine additional ore from this area, providing further production stability to our mine,” stated Salvador Garcia, Chief Operating officer of the Company.
| San Martin Production | Q3 2022 | Q2 2022 | Q/Q Change | YTD 2022 | YTD 2021 | Y/Y Change |
|---|---|---|---|---|---|---|
| Ore Milled (Tonnes) | 56,712 | 56,061 | 1% | 169,060 | 173,101 | -2% |
| Gold Equivalent Ounces | 2,588 | 2,782 | -7% | 8,265 | 9,194 | -10% |
| Gold Grade (Grams/Ton) | 1.46 | 1.56 | -6% | 1.55 | 1.66 | -6% |
| Silver Grade (Grams/Ton) | 21.13 | 22.90 | -8% | 21.62 | 24.74 | -13% |
| Gold Recovery (%) | 88.07 | 87.81 | 0% | 88.08 | 88.68 | -1% |
| Silver Recovery (%) | 45.83 | 54.83 | -16% | 51.01 | 56.83 | -10% |
| Gold: Silver Ratio | 77.92 | 75.68 | 73.78 | 82.48 |
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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Salvador Garcia, B. 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.
ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.
Signed “Robert Eadie” Robert Eadie, 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.