Starcore Reports Q1 Results

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Overig advies 15/09/2022 11:09
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or the “Company”) reports the results for the first quarter ended July 31, 2022 for the Company and its mining operations in Queretaro, Mexico. 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.

“We continue to build our cash and working capital position.” reported Robert Eadie, CEO of the Company. “We hope to have results of the exploration progress we have made utilizing our $2million additional budget to explore our properties as well as to expand development and resources at the San Martin mine.”

Financial Highlights for the three-month period ended July 31, 2022 (unaudited):

Gold and silver sales of $6.75 million;
Earnings from mining operations of $1.05 million;
Loss of $0.66 million, or $0.01 per share;
EBITDA(1) of $0.6 million;
The following table contains selected highlights from the Company’s unaudited consolidated statement of operations for the quarters ended July 31, 2021 and 2020:

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