Starcore International Mines : Announces 3rd Quarter Production Results

DGAP-News: Starcore International Mines Ltd. / Key word(s): Miscellaneous Starcore Announces 3rd Quarter Production Results 18.02.2020 / 08:01 The issuer is solely responsible for the content of this announcement. Vancouver, British Columbia--(Newsfile Corp. - February 18, 2020) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or "the Company") announces production results for the third fiscal quarter ended January 31, 2020, at its San Martin Mine ("San Martin") in Queretaro, Mexico. "The results of our operational excellence programs at the San Martin mine are starting to gain traction and have resulted in improved production, gold grade and gold recovery quarter over quarter," reported Salvador Garcia, Chief Operating Officer of the Company. "Our focus is on strict cost and dilution control measures that will result in better head grade." "In addition to these ongoing improvements, this is an exciting time for the Company as we explore the Santa Elena target. The exploration program is using contractors to drill surface and underground targets and, currently, we are awaiting our first assay results." San Martin Production  Q3 2019  Q2 2019 Q/Q Change  YTD 2019  YTD 2018 Y/Y Change Ore Milled (Tonnes) 58,316 54,096  8%  173,234 229,900 -25% Gold Equivalent Ounces 3,425 3,050  12%  10,187 12,300 -17% Gold Grade (Grams/Ton) 1.84 1.78   3% 1.88 1.56   20% Silver Grade (Grams/Ton) 30.06 34.19   -12%  32.17 42.12 -24% Gold Recovery (%) 90.09 87.35    3% 87.37 86.32   1% Silver Recovery (%) 50.93 52.27  -3%  53.99 59.34   -9% Gold: Silver Ratio 86.32 84.81 86.94 81.53 Salvador Garcia, B. 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 FOR FURTHER INFORMATION PLEASE CONTACT: EVAN EADIE Investor Relations Telephone: [phone] x 203 Toll Free: 1-866-602-4935 Email: [e-mail] The Toronto Stock Exchange has not reviewed, nor does it accept responsibility for the adequacy or accuracy of this press release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52450 Click on, or paste the following link into your web browser,to view the associated documents http://www.newsfilecorp.com/release/52450 News Source: Newsfile 18.02.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Starcore International Mines Ltd.
	Canada
ISIN:	CA85525T2020
EQS News ID:	977541

End of News	DGAP News Service

977541  18.02.2020