Vancouver, May 14, 2020 - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") announces production results for the fourth quarter of fiscal year 2019 / 2020, ended April 30, 2020, at its San Martin Mine ("San Martin") in Queretaro, Mexico.
"We are continuing as planned to mine profitable ounces and focus on strict cost controls. Despite the lower than planned gold and silver grades during this quarter, new exploration has discovered better grades that we expect to reach by drifting in the next quarters," reported Salvador Garcia, Chief Operating Officer of the company.
San Martin Production
Q4 2019
Q3 2019
Q/Q Change
YTD 2019
YTD 2018
Y/Y Change
Ore Milled (Tonnes)
56,596
58,316
-3%
229,830
301,912
-24%
Gold Equivalent Ounces
2,925
3,425
-15%
13,112
16,393
-20%
Gold Grade (Grams/Ton)
1.65
1.84
-10%
1.82
1.62
12%
Silver Grade (Grams/Ton)
25.32
30.06
-16%
30.49
39.24
-22%
Gold Recovery (%)
88.72
90.09
-2%
87.67
86.24
2%
Silver Recovery (%)
55.77
50.93
10%
54.36
58.47
-7%
Gold: Silver Ratio
102.59
86.32
90.28
82.48
Salvador Garcia, P. Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101 and 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, President & Chief Executive Officer
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