VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 12/11/13 — Starcore International Mines Ltd. (the „Company“) (TSX: SAM) has filed the results for the first quarter ended October 31, 2013 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, October 31, 2013 Highlights:
„I am very pleased with our financial results, especially in light of lower metal prices,“ said Robert Eadie, President and CEO of the Company. „Our positive cash flow continues to improve dramatically, highlighting this quarter with record production of 6,900 ounces. We thank the joint efforts of our production team at the mine and our staff at corporate headquarters for making this possible through their hard work and dedication.“
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: Starcore International Mines Ltd. Gary Arca 1-604-602-4935 or Toll Free: 1-866-602-4935 1-604-602-4936 (FAX)
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