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Starcore International Mines Ltd

Starcore International Mines Ltd (SAM)

0.135
0.00
( 0.00% )
Updated: 09:35:59

Professional-Grade Tools, for Individual Investors.

Key stats and details

Current Price
0.135
Bid
0.125
Ask
0.14
Volume
-
0.00 Day's Range 0.00
0.075 52 Week Range 0.175
Previous Close
0.135
Open
-
Last Trade
Last Trade Time
-
Average Volume (3m)
22,391
Financial Volume
-
VWAP
-

SAM Latest News

No news to show yet.
Period †ChangeChange %OpenHighLowAvg. Daily VolVWAP
10.0053.846153846150.130.140.13161700.1355078CS
4-0.005-3.571428571430.140.1450.11241690.13512786CS
120.045500.090.1750.085223910.13808938CS
260.045500.090.1750.075219080.11873843CS
520.0053.846153846150.130.1750.075175970.11665981CS
156-0.1-42.55319148940.2350.30.075223400.20149914CS
2600.0328.57142857140.1050.350.05388870.18784752CS

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SAM Discussion

View Posts
jedijazz jedijazz 4 years ago
Salvador Garcia, Chief Operating Officer of the company: "In spite of the devastating pandemic which has hit Mexico very hard, our operations are ongoing without major issues. This is mainly due to the discipline of our work force, our management team's commitment to the health of our workers and the respect for the rules and measures taken by the Mexican Government" $SHVLF
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jedijazz jedijazz 4 years ago
News: Starcore Announces 2nd Quarter Production Results
Newsfile Corp.
Mon, November 16, 2020, 10:30 AM EST·2 min read

Vancouver, British Columbia--(Newsfile Corp. - November 16, 2020) - Starcore International Mines Ltd. (TSX: SAM) (OTCQB: SHVLF) ("Starcore" or the "Company") announces production results for the second quarter of fiscal year 2020 / 2021, ended October 31, 2020, at its San Martin Mine ("San Martin") in Queretaro, Mexico.

"In spite of the devastating pandemic which has hit Mexico very hard, our operations are ongoing without major issues. This is mainly due to the discipline of our work force, our management team's commitment to the health of our workers and the respect for the rules and measures taken by the Mexican Government," reported Salvador Garcia, Chief Operating Officer of the company. "Even though the grades during the quarter decreased, the ounces produced have been delivering a good margin of profit for reasons beyond just the higher gold and silver prices. The measures adopted in the last year in our operations and the cost optimization in all areas, including administration, have resulted in financial improvements reflected in more resources to increase the exploration in unexplored areas by development and drilling, creating good expectations in the short term."


San Martin Production

Q2 2020

Q1 2019

Q/Q Change

YTD 2020

YTD 2019

Y/Y Change

Ore Milled (Tonnes)

56,731

59,099

-4%

115,830

114,918

-1%

Gold Equivalent Ounces

2,867

3,259

-12%

6,126

6,762

-9%

Gold Grade (Grams/Ton)

1.60

1.70

-6%

1.65

1.90

-13%

Silver Grade (Grams/Ton)

21.98

29.17

-25%

25.65

32.25

-23%

Gold Recovery (%)

88.50

88.74

-0.3%

88.63

86.04

3%

Silver Recovery (%)

56.99

56.53

1%

56.72

55.40

2%

Gold: Silver Ratio

75.05

97.22



86.64

87.10



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: (604) 602-4935 x 230
Toll Free: 1-866-602-4935
Email: eeadie@starcore.com

The Toronto Stock Exchange has not reviewed, nor does it accept responsibility
for the adequacy or accuracy of this press release.
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jedijazz jedijazz 4 years ago
The C-Suite at The Open video interview series highlights the unique perspectives of listed companies $SHVLF
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jedijazz jedijazz 4 years ago
News: SHVLF TMX Group, Starcore International Mines, C-Suite at The Open (TSX:SAM) https://finance.yahoo.com/news/tmx-group-starcore-international-mines-153000640.html
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jedijazz jedijazz 4 years ago
The flagship property of Starcore International Mines is the San Martin gold and silver mine. The mine has been in operation since 1993 at 350tpd and currently operates at 850tpd. The mine was acquired by Starcore in February of 2008 from Goldcorp who had acquired the asset through the takeover of Wheaton River. The mine is an underground epithermal deposit with gold quartz based limestone and has an average gold grade of 2.31 grams and 18 grams of silver ( NI 43-101 2014 Dave Gunning, Joe Campbell). The historical production of the mine is over half a million ounces and the mine sits on 100% owned claim package of 12,992 hectares, which offers the upside of exploration and the possibility of discovering the source of the current mineralization. https://starcore.com/en/operations/producing/gold-and-silver-in-queretaro/ $SHVLF
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jedijazz jedijazz 4 years ago
Starcore International Mines is a precious metals producer, developer and explorer based in Mexico listed on the TSX, OTC $SHVLF and Frankfurt stock exchanges.

Our value proposition combines three essential components with depth rarely seen for a junior miner:

*Proven Management Team including Salvador Garcia who was previously with First Majestic, Gold Corp, and Grupo Mexico.

*Leverage to the gold price and cashflow through a producing mine located in a safe jurisdiction in Mexico. (Q1 earnings $0.03 per share)

*Optionality Upside created through assets for sale, exploration and advanced stage exploration.
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jedijazz jedijazz 4 years ago
The company is well positioned for this bull market due to disciplined capital allocation, operational excellence and acquisitions made in the bottom of the market. $SHVLF
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nkob1974 nkob1974 4 years ago
Starcore International Mines updates on its producing and drill-ready gold projects in Mexico -
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TRAPPER JIM TRAPPER JIM 6 years ago
Still hitting new 52 week lows
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TRAPPER JIM TRAPPER JIM 7 years ago
Starcore trading at its 52 week low
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Troy-- Troy-- 8 years ago
Starcore up 22% on great news today!

May 11, 2016
Starcore Drills 10.25 metres of 65.17 g/t Au and 128.26 g/t Ag

Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) announces that it has completed drill hole 31-79 in area 31 at its San Martin Mine in Queretaro, Mexico. This hole intercepted a zone of limestone breccia followed by manto mineralization. High grade manto mineralization with visible gold was recovered between 48.65 and 58.9 meters. The weighted average grade of this 10.25 meter wide intercept is 65.17 g/t gold with 128.26 g/t silver. Prior to the high grade intercept the limestone breccia contained elevated silver values over 10 meters including a 2 meter section grading 1.60 g/t Au and 105 g/t Ag between 42.25 and 44.25 meters.

The intercept is within 15 meters of existing workings. Mining crews are expected to arrive at this drill hole intercept some time this week in order to evaluate the dimensions of the mineralization.

Drill core is assayed on site in a laboratory that successfully reconciles doré and plant samples. Assay values within the intercept have not been cut. Within this intersection, 7 of the 13 samples graded over 25 grams per tonne gold and numerous pieces of core were seen to contain visible gold. The manto mineralization at San Martin has produced samples of this grade in the past.

“This is the best drill hole in our history at the mine”, said Robert Eadie, President and CEO of Starcore.

The Company also reports production results at the San Martin Mine for the fiscal 2016 third quarter, ending April 30, 2016.

During Q3, a total of 74,070 tonnes were milled at an average grade of 1.66 g/t gold and 13 g/t silver resulting in the production of 3,476 gold equivalent ounces. Mill recoveries averaged 83.5% for gold and 46.9% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 79:1 during the quarter.

The depletion of the 6-101 stope in January of 2016 resulted in difficulties in February meeting production targets; however, the development of the 6-112 stope has enabled the mine to return to profitability during March and April.

David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is the Company’s qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.

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: (416) 640-1936
Toll Free: 1-866-602-4935

The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy
or accuracy of this press release.
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the cork the cork 8 years ago
SHVLF Starcore International Mines (.60) Extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña de Bernal, S.A., which owns the San Martin mine in Queretaro, Mexico (just north of Mexico City).

Starcore Reports Year End 2015 Results http://www.starcore.com/news/news-releases/starcore-reports-year-end-2015-results
Production of Gold - 18,300 ounces
Production of Silver - 97,100 ounces

Website: http://www.starcore.com/s/Home.asp
TSX as SAM: http://web.tmxmoney.com/quote.php?qm_symbol=sam
Pinksheets: http://www.otcmarkets.com/stock/SHVLF/quote
IHUB: http://investorshub.advfn.com/Starcore-International-Mines-LTD-TSX-SAM-19222/?source=board


chart]stockcharts.com/c-sc/sc?s=SAM.TO&p=D&b=5&g=0&i=p95024287910&r=1424837891973[/chart]

xxx
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Troy-- Troy-- 8 years ago
http://www.starcore.com/news/news-releases/starcore-enters-sale-agreement-on-real-estate-asset

news about the land sale came out today. $7MM USD is the purchase price... in the past we've talked about getting $4-5MM USD for it so $7MM is awesome! news!
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TRAPPER JIM TRAPPER JIM 8 years ago
Looking good Starcore
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TRAPPER JIM TRAPPER JIM 8 years ago
The company is working to correct the problem.
February 5, 2016
http://www.starcore.com/news/news-releases/starcore-status-with-the-sec
Starcore Status with the SEC

Vancouver, B.C. - Further to its news release of December 22, 2015, Starcore International Mines Ltd. (TSX:SAM) (the “Company” or “Starcore”) wishes to clarify that, on August 31, 2004, the Company (then known as Starcore International Ventures Ltd.) had filed a registration statement with the Securities and Exchange Commission (the “SEC”) on Form 20-F under the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”), to register its common stock. As a result, the Company became subject to filing requirements under the Exchange Act when the registration statement became effective on October 30, 2004.

On February 1, 2016, with the consent of the Company, the SEC issued an order revoking the registration of the Company’s common stock pursuant to the Exchange Act. The Company consented to this administrative procedure as an amenable solution to address the issues cited in the SEC order.

The Company is working diligently to file a new 20-F registration statement so that trading resumes in the United States markets. The Company’s common stock continues to trade publicly in Canada on the TSX under the symbol “SAM”.

For further inquiries, please contact Investor Relations with details listed below.

About Starcore

Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña 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 located in Mexico, Canada and the United States. For more information concerning Starcore, see documents filed under its profile on SEDAR, or visit its website at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed “Robert Eadie”
Robert Eadie, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

ROBERT EADIE:
Telephone: (416) 640-1936



EVAN EADIE
Investor Relations
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935
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Zorax Zorax 8 years ago
Is this the same shvl starcore? If so, you all just got hosed.


02/01/2016 09:06:40 02/01/2016 09:07:00 SHVLF Starcore International Mines Ltd Ordinary Shares Other OTC 12(j)Registration Revoked by SEC

http://otce.finra.org/DLDeletions
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Troy-- Troy-- 9 years ago
Starcore Produces 5,130 Equivalent Gold Ounces In Fiscal Q2

Vancouver, B.C. -- Starcore International Mines Ltd. (the "Company") announces production results for the fiscal 2015 second quarter, ending January 31, 2015, at its San Martin Mine in Queretaro, Mexico.

During Q2, a total of 79,815 tonnes were milled at an average grade of 2.22 g/t gold and 19 g/t silver resulting in the production of 5,130 gold equivalent ounces. Mill recoveries averaged 84.5% for gold and 48.2% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 73.62:1 during the quarter. Grades and recoveries continue to conform with those predicted in reserve estimates.

David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.

About Starcore

Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña 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 located in Mexico, Canada and the United States.

More information on Starcore is available at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed "Robert Eadie"
Robert Eadie, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

ROBERT EADIE:
Telephone: (416) 640-1936

EVAN EADIE
Investor Relations
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935


Neither the Toronto Stock Exchange nor its Regulation Services Provider (accepts responsibility for the adequacy or accuracy of this release.
👍️0
Troy-- Troy-- 9 years ago
Starcore International Is Being Greedy While Others Are Fearful

Complete article on SeekingAlpha today.

http://seekingalpha.com/article/2873926-starcore-international-is-being-greedy-while-others-are-fearful


Summary
•Starcore International just made two acquisitions that strengthen the investment thesis.
•American Consolidated Minerals - acquired for C$700,000 - has land and 170,000 oz. (so far) of gold resources 6 miles from Barrick's massive Cortez Mine.
•Creston Moly - acquired for C$2 million - is a mispriced call option proxy that has over 300 million pounds of molybdenum and a PEA on its flagship El Creston Project.
•The October value thesis is stronger given a higher gold price and a lower Starcore share price.
•The company remains undervalued now and has astronomical upside should molybdenum prices turn around
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Troy-- Troy-- 9 years ago
Starcore Acquires Creston Moly from Bankruptcy Trustee
Vancouver, B.C. – Starcore International Mines Ltd. (the "Company") announces that it has entered into an agreement to acquire all of the shares of Creston Moly Corp. ("Creston" or "Creston Moly") from Deloitte Restructuring Inc, in its capacity as trustee in bankruptcy of Mercator Minerals Ltd. (the "Trustee"), at a purchase price of Cdn$2 million (the "Transaction").

The Transaction is subject to Creston being discharged from bankruptcy, clearing the way for Starcore to complete the Transaction and to continue with the development and further exploration of Creston's properties, free and clear from Creston's liabilities as at the date of bankruptcy. Creston Moly is a British Columbia company that owns, through its subsidiaries, a 100% interest in three molybdenum-copper projects in Mexico, British Columbia and Newfoundland.

For full story: http://www.starcore.com/s/news-releases.asp?ReportID=692167
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Troy-- Troy-- 9 years ago
Starcore Acquires Creston Moly from Bankruptcy Trustee
Vancouver, B.C. – Starcore International Mines Ltd. (the "Company") announces that it has entered into an agreement to acquire all of the shares of Creston Moly Corp. ("Creston" or "Creston Moly") from Deloitte Restructuring Inc, in its capacity as trustee in bankruptcy of Mercator Minerals Ltd. (the "Trustee"), at a purchase price of Cdn$2 million (the "Transaction").

The Transaction is subject to Creston being discharged from bankruptcy, clearing the way for Starcore to complete the Transaction and to continue with the development and further exploration of Creston's properties, free and clear from Creston's liabilities as at the date of bankruptcy. Creston Moly is a British Columbia company that owns, through its subsidiaries, a 100% interest in three molybdenum-copper projects in Mexico, British Columbia and Newfoundland.

For full story: http://www.starcore.com/s/news-releases.asp?ReportID=692167
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Troy-- Troy-- 10 years ago
Robert bought 50,000 shares.
50,000 shares sold for a 1 cent profit is only $500.
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KaiserSoze KaiserSoze 10 years ago
Insiders dumped 475k shares yesterday. So much for the buyback!!!
These guys are clearly full of sh**, which is reflected in the share price. Wouldn't be surprised if the dump came from Robert Eadie who bought shares on Dec 19 and then dumped them all on Jan 6th for a 1 cent profit/share (whopping profit of $3,700)...what a joke!
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KaiserSoze KaiserSoze 10 years ago
Thanks for the update Troy, but just as I suspected, no clear answer on buyback! I asked the same and got the same response. I didn't ask to know exactly what day they plan to buy back, but the share price is down 60% since they announced a dividend. You would think that now is just about as good a time to buy back, but I guess not. And as for his comment about the gold sector being flat, lol!!! All gold stocks have been flying high for the last 2 weeks and only SAM is flat.
Time to put your money where your mouth is management!
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Troy-- Troy-- 10 years ago
I spoke to Evan this morning - surprised to learn he actually works out of Toronto now in the financial district. this would explain why he didn't return the call i left at 4pm yesterday as the day was nearly done [i thought he was in vancouver and it was 1pm when i called their time]

evan does a good job at giving perspective. certainly we're not the only gold company with a gold price that is down or flat. these are challenging times but they are doing what they said they are.

Evan is working in Toronto to get some analyst coverage but most won't spend time on a company with a market cap under $100MM and or at least 5 years of proven/probably reserves. currently drilling 11,000 meters/yr. In part seems thats why picking up AJC and their land/mine made sense.

2015 plan to cut costs by 10% with some operational efficiencies. Agreed that the land sale would prop up our cash position and look great as a 1 time influx on the balance sheet. land has been appraised and have been talking to interested parties but no agreement on price/terms at this time.

no update on the buy back and he really can't give us one; timing can't be public information or manipulation is possible.

I didn't notice this during my call but Robert Eadie CEO bought 50,000 shares at 11.5 cents in the open market on Dec 19th. Not a lot of money involved but good to see him putting in his own cash.

Evan did say he enjoys speaking with share holders & welcomes your calls. his number is 604 602 4935 if you'd like to chat with him yourself. also our Annual General Meeting is Jan 28th at 1pm. If you're not in Vancouver you can call in to listen.
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Troy-- Troy-- 10 years ago
My last couple of emails to IR have gone unreturned. when I spoke to IR last, Evan told me that if i ever send an email and don't get a response within a day or two to please call the office because it may just have been missed. I suspect the lack of response was because i asked some pretty specific questions and they feel more comfortable answering them on the phone versus in an email.

I didn't have a chance to call IR on Friday as i was planning. I did call yesterday at around 1pm their time and haven't heard back yet. I plan to ask about

BUY BACK
EXPLORATION [do we have an ongoing active drill program or was the program we tried and reported lackluster results from the end of it?]
LAND SALE we've had a chunk of land for sale forever. years. privately. why not hire a broker to sell it if they really want to sell it.
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KaiserSoze KaiserSoze 10 years ago
IR knows nothing or is not saying anything of value. A couple of weeks ago, I asked IR why the company was not buying back shares at these ridiculous levels (market cap of $17mm) and the answer was "we don't know and we are just as frustrated as our investors with the share price".
Conclusion: Total BS!!! If they are frustrated with the share price, they should take action and buy back shares (as per their announcement). This would surely bring the price back up. So my question is...are they full of sh**...or do they have no money to buy back shares? I'm down 60% on this stock. Fundamentals are there (profitability, dividend...), so something doesn't add up. My gut tells me to take my losses and walk away because I smell scam, but yet I choose to wait and put my faith in management delivering on the share buyback.
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Huggy Bear Huggy Bear 10 years ago
Any word from IR yet?
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KaiserSoze KaiserSoze 10 years ago
Just 2 questions for me:
1) What will be the dividend policy going forward?
2) Is the company waiting for the market cap to go to zero before they buy-back shares?
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Troy-- Troy-- 10 years ago
Questions for IR?

I tried calling today but their office is now closed for the holidays until January 2nd.
i will call again on January 2nd to ask some questions about share buy back, etc.

if anybody has any question they'd like asked but haven't called themselves, let me know and i'll post some answers on January 2nd.
👍️0
KaiserSoze KaiserSoze 10 years ago
Hey management!!! We're still waiting for the company to buy back shares. Surely management thinks the shares are undervalued at 12 cents, no? Yet, there is no buying on their part...Hum! Starting to small like a whole lot of BS...
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KaiserSoze KaiserSoze 10 years ago
My average is in the low 20s, and I'm also not pleased with this freefall, 1 cent at a time.
All fundamentals look positive (profitable, dividend, share buyback...), yet here we are tanking on a consistent basis.
Current market cap is $15mm, which is peanuts, and yet the company is not buying back shares. Trust me, if they were buying, we would know! First of all, insider buying has to be reported. Second, we would know, because demand would exceed supply which would drive price up.
It's very simple: the company is not buying shares back even at this level ($15mm market cap). So my question is, WHY???
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optionslearner optionslearner 10 years ago
STARCORE INTERNATIONAL Looks Good!


This small company seems to be doing a lot of things Right!....The Price of the Stock looks Under-valued!!!
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Troy-- Troy-- 10 years ago
they had over $10MM in the bank when they paid the dividend which only cost $2.8MM approx. Then they set aside $1MM for share buy back. Even after everything they still must have more then $5MM in the bank so i don't think its a matter of having the funds or not.

I believe they are not allowed to announce when they are starting the buy back so there are no market manipulations while they are buying. That being said when i talked to Eadie, he said they haven't started yet. I know he can't say they are buying but would assume he also can't lie and say he hasn't started if he has; so i'm not sure where we stand on that. i read somewhere that they could only buy a set amount of shares per day when they start...

as for the share price - short term its painful. i've already taken a big bath on this thing with an average price in the 30s. I think in part the reason we are seeing some lows here is tax loss selling. folks like myself that could take a sizeable tax loss on this may decide to dump some shares which certainly doesn't help SAM maintain or increase our SP.

if i dumped all of the shares i own in sam, even if sam was buying them back it would take them a week at their maximum allowable purchase per day to buy just my shares. that doesn't include anybody else who may be dumping.

for the record though. i haven't sold any shares and in fact even while underwater I rolled my dividend into more SAM.i still think long term it will be a winner. we'll see!
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KaiserSoze KaiserSoze 10 years ago
So what do you think? Is it possible they have no money to proceed with the buyback or simply have no interest in buying back shares and just press releasing BS?
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Troy-- Troy-- 10 years ago
Agreed. no good reason they can't answer that question. $1MM goes a long way in a share buy back when shares are at 12 cents each.
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KaiserSoze KaiserSoze 10 years ago
Are we going to $0??? Spoke with IR yesterday. Eadie apologized for the share price. When I asked him why the company was not buying shares yet, he had no answer. That is clearly not good!!!
The market cap is $15mm, which is ridiculously low. 10% dividend, cash flow positive and promisses of buying back $1mm worth of shares.
Something simply doesn't add up here. We are either being scammed, or this is the best bargain out there!
My gust tells me we are being scammed, but I have no proof. WHY IS THE COMPANY NOT BUYING BACK SHARES AT $0.12????
No explanation = no good.
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Troy-- Troy-- 10 years ago
American Consolidated Shareholders Approve Plan of Arrangement
November 20, 2014, Vancouver, B.C. -- Starcore International Mines Ltd. (TSX: SAM) ("Starcore") and American Consolidated Minerals Corp. (TSX-V: AJC) ("American Consolidated" or the "Company") are pleased to announce that the American Consolidated shareholders have approved the previously announced proposed acquisition of American Consolidated by Starcore, pursuant to a plan of arrangement (the "Transaction").

The Transaction was approved by American Consolidated's shareholders at the Company's Special Meeting (the "Meeting") held on November 20, 2014. At the Meeting 4,509,614 votes were cast in connection with the special resolution approving the Transaction with 4,483,714 votes cast for the motion (99.43%) and with 25,900 votes cast against the motion (0.57%).

The Transaction is expected to be completed on or about December 1, 2014 upon the satisfaction or waiver of all of the conditions set out in the arrangement agreement (the "Arrangement Agreement") entered into by American Consolidated and Starcore on October 1, 2014, including approval by the Supreme Court of British Columbia at a hearing scheduled for December 1, 2014. Upon completion of the Transaction, Starcore will acquire all of the outstanding common shares of American Consolidated through the issuance of one-third of a Starcore common share in exchange for each American Consolidated common share. Following completion of the Transaction, American Consolidated will be de-listed from the TSX Venture Exchange.

Full details of the terms of the Transaction are set out in American Consolidated's management information circular dated October 14, 2014, which is available on SEDAR at www.sedar.com. Additional information about American Consolidated is available on its website at www.americanconsolidatedminerals.com.

Neither the Toronto Stock Exchange nor the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

For further information contact:

Gary Arca
Interim President & CEO
American Consolidated Minerals Corp.
Phone: 604-602-4935

Investor Relations
Starcore International Mines Ltd.
Evan Eadie
Phone: 416-640-1936
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Troy-- Troy-- 10 years ago
Starcore Posts First Quarter Production Results

Nov 19, 2014
Starcore Posts First Quarter Production Results
Vancouver, B.C. - Starcore International Mines Ltd. (the "Company") announces production results for the fiscal 2015 first quarter, ending October 31, 2014, at its San Martin Mine in Queretaro, Mexico. Production for the first fiscal quarter at the San Martin mine was 5,381 gold equivalent ounces using the realized gold:silver ratio of 67.6:1.

During Q1, a total of 78,635 tonnes were milled at an average grade of 2.36 g/t gold and 18 g/t silver resulting in the production of 4,998 gold ounces and 25,900 silver ounces.

Mill recoveries during the quarter averaged 83.9% for gold and 56.2% for silver.

"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. "We are continually exploring new areas underground that we are confident will benefit our production. Starcore maintains its strong cash position, and San Martin not only has excellent exploration potential, but it is also a mine that has continued to deliver consistent production year in and year out."

David Gunning, P.Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project as required under NI 43-101and has prepared the technical information contained in this press release.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed "Robert Eadie"
Robert Eadie, Executive Chairman, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Investor Relations
Evan Eadie
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935

The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.
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KaiserSoze KaiserSoze 10 years ago
Now it's starting to make sense why this thing has tanked ever since they paid a dividend.
The dividend was simply a carrot to get new fish to bite while they dumped. Down 35% since I bought this POS. As for their share buy back BS, I'll believe it when I see it. Market cap is ridiculously low, yet I see no buy-back. If management thought the share price was such a steal, why are they not scooping all the shares?
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Troy-- Troy-- 10 years ago
they have already publicized their intention to buy back
they have allocated up to $1MM to buy back their own shares
and they have approval from the Toronto Stock Exchange to purchase up to 4.7% of outstanding shares or 6,666,666 shares in total.

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optionslearner optionslearner 10 years ago
BUYBACK OF SHARES


I wonder when they will start and if they will set a MAXIMUM on Price and Amount....Would be Good if they indicated their Thoughts in regard to the share price!....An Announcement that read something like...." We believe our shares are very Under-Valued and will be purchasing Shares in the open Market up to a price of .33 with a Maximum purchase of One Million Dollars"....It would be Good to see them put forth Figures to use as Reference for indicating what they believe their Shares are currently worth!!!
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KaiserSoze KaiserSoze 10 years ago
a couple of months ago
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optionslearner optionslearner 10 years ago
KaiserSoze....WHEN DID YOU BUY?


Most of The JUNIORS have been hammered down over the past year+....RIGHT NOW Starcore International has my attention because of the many things I have found on their Website!....Nobody knows for sure how any Stock will perform BUT it looks like this Company is on the right track!!!
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Troy-- Troy-- 10 years ago
The share buy back has already been approved and the money allocated. Its not IF they are buying back shares, it is when.

reserves are still sitting at about 2 years I believe.
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KaiserSoze KaiserSoze 10 years ago
I hope you are both right. I bought in at 22 cents and I am really not impressed so far. Management's actions will speak shortly. Will they back back shares at this ridiculously low price, or make excuses?
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KaiserSoze KaiserSoze 10 years ago
Troy, thanks for the update. Their actions will speak shortly. If they truly believe the stock is undervalued (which I agree by the way), and they have the excess cash at hand, then I guess it becomes a no brainer for them to buy back shares at this level, which will slowly bring the price up. I must say, I am skeptical!
Meal deals are very rare and the market usually gets it right. Is there more to the story than we know (i.e. reserves are done)?
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optionslearner optionslearner 10 years ago
GREAT INFO TROY!



Thank you for making that call and providing that info!...Starcore seems to have so much going for it as a small Miner; I like the current price and wonder how long it can go un-noticed!!!
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Troy-- Troy-- 10 years ago
I complete agree.
nice to see some action back on this board again...we were pretty quiet for a while!

I wasn't sure how to answer your share buy back question so I called Investor Relations for you [and me] and they confirmed the share buy back has not yet started. they have just finished up the work for the dividend payout they made, and the year end reporting. Share buy back seems to be next on the board of directors agenda tasks.

We spoke for a couple of minutes about the share price. seems they are as surprised as we are about how low it is. Between the US dollar being so low and now the price of gold sinking as well, it has had some impact on our share price and they agreed now would be an ideal time to start the buy back while their dollars would stretch as far as possible.
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optionslearner optionslearner 10 years ago
STARCORE INTERNATIONAL SHARE BUYBACK


Hi Troy...This little Gem has my attention!....I can't believe it is so under the radar...Noticed it on Kitco as a mover in %'s....Do you have any idea when the Company will start Buying Back shares in the open Market?....This could give the SHARE PRICE a boost in Confidence....Like The Financials, Like The Dividend, Like a LOT OF WHAT I SEE!....This Little Gem has some Upside to it!!!
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optionslearner optionslearner 10 years ago
STARCORE INTERNATIONAL FINANCIALS


They Look pretty Good for a small company!....This Little Gem looks to have a lot going for it!!!
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