STARCORE INTERNATIONAL MINES LTD 6-K, filed Feb 17, 2021
STARCORE INTERNATIONAL MINES LTD. (SHVLF)
About this 6-K
STARCORE INTERNATIONAL MINES LTD filed this 6-K on February 17, 2021.
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, 2021
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: February 16, 2021
By:
/s/ Gary Arca
Gary Arca
Chief Financial Officer
February 16, 2021TSX: SAM
STARCORE ANNOUNCES
3rd 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, 2021, at its San Martin Mine (“San Martin”) in Queretaro, Mexico.
“More important than the improved results we show this quarter over the previous quarter, is the continuity of the operational excellence programs which were implemented over a year ago that have resulted in better control and optimization of costs in all areas of the operations, together with the reduction in management salaries” states Salvador Garcia, Chief Operating Officer of the Company. “It is very important to continue the exploration in the north west and eastern parts of the mine where we have found potential targets, identified after a detailed study of structural geology, in order to maintain our resources. A 6,000 meter drill program has been implemented and it is being matched with a development program of approximately 1,200 meters to cover both zones under exploration. To date, the first holes drilled in both zones have concluded with positive results, proving the continuity of the ore, leading us to begin preparations to exploit this ore quickly.” Mr. Garcia has expressed his optimism to grow the reserves in the short term based on the initial results of the exploration in these two zones of the mine.
|
San Martin Production |
Q3 2021 |
Q2 2021 |
Q/Q Change |
YTD 2021 |
YTD 2020 |
Y/Y Change |
|
Ore Milled (Tonnes) |
57,271 |
56,731 |
1% |
173,101 |
173,234 |
-1% |
|
Gold Equivalent Ounces |
3,063 |
2,867 |
7% |
9,194 |
10,187 |
-10% |
|
Gold Grade (Grams/Ton) |
1.66 |
1.60 |
4% |
1.66 |
1.88 |
-12% |
|
Silver Grade (Grams/Ton) |
22.89 |
21.98 |
4% |
24.74 |
32.17 |
-23% |
|
Gold Recovery (%) |
88.79 |
88.5 |
0 |
88.68 |
87.37 |
2% |
|
Silver Recovery (%) |
57.08 |
56.99 |
0 |
56.83 |
53.99 |
5% |
|
Gold: Silver Ratio |
74.21 |
75.05 |
|
82.48 |
86.79 |
|
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.
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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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, 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.