VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 12/09/14 — Starcore International Mines Ltd. (the „Company“) (TSX: SAM) has filed the results for the three months ended October 31, 2014 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.
First Quarter Ended October 31, 2014 Highlights:
The following table is a summary of mine production statistics for the San Martin mine for the three months ended October 31, 2014 and for the year ended July, 2014:
„As stated in our previous production news release, while we experienced lower than expected ore grade and recoveries in this last quarter, we fully expect to meet our annual projections for 2014,“ said Robert Eadie, President of the Company. „Starcore maintains its strong cash position and will continue to build on that cash position by undergoing a cost reduction plan in the coming year.“
About Starcore
Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compania Minera Pena de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, 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 Mexico.
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: GARY ARCA Telephone: (604) 602-4935 Facsimile: 1-604-602-4936
EVAN EADIE Investor Relations Telephone: (416) 640-1936 Toll Free: 1-866-602-4935
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