Starcore Reports Year End 2017 Results
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/31/17 -- Starcore International Mines Ltd. (the "Company") (TSX: SAM) has filed the results for the adjusted year end dated April 30, 2017 for the Company and its mining operations. The full version of the Company''s Financial Statements and Management''s Discussion and Analysis can be viewed on the Company''s website at , or SEDAR at . All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.
Financial Highlights for the year ending April 30, 2017 (audited):
The following table contains selected highlights from the Company''s audited consolidated statement of operations for the year ended April 30 2017 and nine months ended April 30 2016:
Production Highlights for the year ended April 30, 2017:
The following table is a summary of mine production statistics for the San Martin mine three and twelve months ended April 30, 2017 and for the previous twelve months ended April 30, 2016:
"The mine has returned to normal tonnage and metal production under interim COO Ralf Kleine. Our very strong cash position and balance sheet coupled with the ramping up of our Altiplano processing facility will open us to opportunities to potentially increase production." reported Robert Eadie, President of the Company.
About Starcore
Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiaries, Compania Minera Pena de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, Mexico, and Altiplano Gold Silver, S.A. de C.V., which operates the newly commissioned Altiplano Concentrate Processing Plant located in Matehuala, Mexico. The Company is a public reporting issuer on the Toronto Stock Exchange. The Company is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these properties further. The Company has interests in properties which are exclusively located in North America.
ON BEHALF OF STARCORE INTERNATIONAL MINES LTD.
Gary Arca, Chief Financial Officer and Director
The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
Contacts:
Starcore International Mines Ltd.
Gary Arca
Chief Financial Officer and Director
(604) 602-4935
1-604-602-4936 (FAX)
Evan Eadie
Investor Relations
(416) 640-1936
1-866-602-4935 (FAX)
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Datum: 31.07.2017 - 14:39 Uhr
Sprache: Deutsch
News-ID 1515734
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