Starcore International Ventures - Goldproduzent mit KGV <3 bricht aus! (Seite 126)
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Antwort auf Beitrag Nr.: 47.565.773 von reini81 am 20.08.14 15:55:13Fast noch interessanter.... 10 % Dividende:
Starcore International Mines Ltd.'s board of directors has declared its first annual dividend in the company's history. A dividend of two cents per share on the common shares of the capital of the company, payable on Sept. 30, 2014, to shareholders of record on Aug. 29, 2014, has been declared for 2014.
Der ganze Rest:
2014-08-20 07:04 ET - News Release
Mr. Robert Eadie reports
STARCORE ANNOUNCES PAYMENT OF DIVIDEND TO SHAREHOLDERS, NORMAL COURSE ISSUER BID, AND PROPOSED ACQUISITION OF AMERICAN CONSOLIDATED MINERALS
Starcore International Mines Ltd.'s board of directors has declared its first annual dividend in the company's history. A dividend of two cents per share on the common shares of the capital of the company, payable on Sept. 30, 2014, to shareholders of record on Aug. 29, 2014, has been declared for 2014.
Normal course issuer bid
The company further announces that it has allocated up to $1-million for a normal course issuer bid to purchase common shares of the company. Purchases will be made on the Toronto Stock Exchange at the market price at the time of acquisition. The commencement of the bid is subject to the approval of the TSX.
Acquisition of American Consolidated Minerals Corp.
Starcore is also pleased to announce the signing of a letter of intent with American Consolidated Minerals that would see the company acquire all of the outstanding securities of AJC in an all-share transaction to be completed pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia). Under the terms of the planned acquisition, each AJC shareholder would receive one Starcore common share for every three AJC common shares held.
AJC is a mineral exploration company based in Vancouver with three exploration projects located in the United States and Mexico.
Highlights of the acquisition:
AJC's portfolio of exploration properties presents Starcore with attractive low-risk/high-reward exploration opportunities in North America.
AJC's shareholders will be able to participate in a larger, well-capitalized Starcore, which has cash holdings of approximately $9.5-million, a portion of which will be available to finance advancement of the AJC properties.
The AJC properties will provide SAM with the potential to increase its resource base in North America utilizing the current cash flow of the San Martin mine. There is the potential for any of the AJC properties to have a significant discovery, which would greatly increase SAM's resources and have a significant effect on the valuation of SAM with a relatively small capital cost.
AJC property portfolio
Toiyabe property: Nevada, United States
AJC is currently focused on the Toiyabe property. With an indicated mineral resource of over 173,000 ounces of gold (summary report and mineral resource estimate on the Toiyabe gold property, Lander county, Nevada, May 27, 2009, by Paul Noland, PGeo, page 24), the Toiyabe property has demonstrated similar structural characteristics to the Cortez, Cortez Hills and Pipeline deposits, all located within 10 miles of the Toiyabe property. A drill program encompassing RC and select core will be developed to target/expand the deeper gold mineralization identified in previous exploration campaigns. There are no property payments required on this property until 2018.
Sierra Rosario: Sinaloa, Mexico
Located within the historically productive Sierra Madre occident geological province in the northern Mexican state of Sinaloa, the Sierra Rosario property consists of two large mineral exploration concessions totalling 978.57 hectares. AJC has entered into a joint venture agreement with International Northair Mines to explore the property and currently owns an unencumbered 50-per-cent interest in the property.
Lone Ranch: Washington state, United States
Previous production and exploration work within and just adjacent to this property demonstrate the opportunity for development through exploration of the Lone Ranch property. A HEM survey was flown in 2007, which defined extensive areas of possible mineralized targets. The property is readily accessible and located within 20 miles of the Kettle River processing facility operated by Kinross. There are no property payments required on this property until 2018.
Acquisition terms
The LOI provides that AJC shareholders will be entitled to receive one common share of Starcore for three common shares of AJC held by such AJC shareholder, subject to adjustment, pursuant to a plan of arrangement under the Business Corporations Act (British Columbia). In addition, each holder of the outstanding stock options and common share purchase warrants of AJC will receive such number of replacement options or warrants of Starcore based upon the exchange ratio, and the exercise price of the replacement Starcore options will be adjusted based upon the exchange ratio.
Currently, there are 17,569,191 AJC shares, 660,000 AJC options and 1,671,416 common share purchase warrants outstanding. In connection with the transaction, Starcore will issue approximately 5,856,397 Starcore shares, 220,000 Starcore options and 557,139 common share purchase warrants. Following completion of the transaction, former AJC shareholders would hold approximately 4 per cent of the outstanding Starcore shares.
The transaction is subject to the execution of a definitive arrangement agreement. The definitive agreement will include covenants, representations and warranties customary for transactions such as the transaction, as well as deal protection measures and provisions for exclusive dealing similar to those contained in the LOI. Starcore expects to execute a definitive agreement in respect of the transaction within 30 days.
Approvals required
The transaction will be subject to the approval of the Supreme Court of British Columbia, the Toronto Stock Exchange and the TSX Venture Exchange. Completion of the transaction is further subject to the approval by two-thirds of the votes cast by the holders of AJC shares and AJC options voting together as a class and who are present and voting at a special meeting of AJC shareholders to be called to consider the transaction.
Deal protection measures
The letter of intent includes deal protection provisions in favour of Starcore, including a non-solicitation covenant from AJC (except for certain unsolicited approaches) and a break fee upon signing the definitive agreement of $200,000 if, following an unsolicited superior proposal, AJC wishes to pursue that proposal.
Voting lock-up agreements
Pursuant to the letter of intent, AJC has agreed to seek voting agreements from directors, officers and shareholders holding in aggregate a minimum of 25 per cent of the outstanding shares of AJC as a condition to the execution of the definitive arrangement agreement.
Board approvals
The board of directors of each company has approved the terms of the transaction.
Officers and directors of Starcore hold in aggregate 2,246,791 AJC shares and 555,000 AJC options and have agreed to participate in the transaction.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSAM-22044…
Starcore International Mines Ltd.'s board of directors has declared its first annual dividend in the company's history. A dividend of two cents per share on the common shares of the capital of the company, payable on Sept. 30, 2014, to shareholders of record on Aug. 29, 2014, has been declared for 2014.
Der ganze Rest:
2014-08-20 07:04 ET - News Release
Mr. Robert Eadie reports
STARCORE ANNOUNCES PAYMENT OF DIVIDEND TO SHAREHOLDERS, NORMAL COURSE ISSUER BID, AND PROPOSED ACQUISITION OF AMERICAN CONSOLIDATED MINERALS
Starcore International Mines Ltd.'s board of directors has declared its first annual dividend in the company's history. A dividend of two cents per share on the common shares of the capital of the company, payable on Sept. 30, 2014, to shareholders of record on Aug. 29, 2014, has been declared for 2014.
Normal course issuer bid
The company further announces that it has allocated up to $1-million for a normal course issuer bid to purchase common shares of the company. Purchases will be made on the Toronto Stock Exchange at the market price at the time of acquisition. The commencement of the bid is subject to the approval of the TSX.
Acquisition of American Consolidated Minerals Corp.
Starcore is also pleased to announce the signing of a letter of intent with American Consolidated Minerals that would see the company acquire all of the outstanding securities of AJC in an all-share transaction to be completed pursuant to a court-approved plan of arrangement under the Business Corporations Act (British Columbia). Under the terms of the planned acquisition, each AJC shareholder would receive one Starcore common share for every three AJC common shares held.
AJC is a mineral exploration company based in Vancouver with three exploration projects located in the United States and Mexico.
Highlights of the acquisition:
AJC's portfolio of exploration properties presents Starcore with attractive low-risk/high-reward exploration opportunities in North America.
AJC's shareholders will be able to participate in a larger, well-capitalized Starcore, which has cash holdings of approximately $9.5-million, a portion of which will be available to finance advancement of the AJC properties.
The AJC properties will provide SAM with the potential to increase its resource base in North America utilizing the current cash flow of the San Martin mine. There is the potential for any of the AJC properties to have a significant discovery, which would greatly increase SAM's resources and have a significant effect on the valuation of SAM with a relatively small capital cost.
AJC property portfolio
Toiyabe property: Nevada, United States
AJC is currently focused on the Toiyabe property. With an indicated mineral resource of over 173,000 ounces of gold (summary report and mineral resource estimate on the Toiyabe gold property, Lander county, Nevada, May 27, 2009, by Paul Noland, PGeo, page 24), the Toiyabe property has demonstrated similar structural characteristics to the Cortez, Cortez Hills and Pipeline deposits, all located within 10 miles of the Toiyabe property. A drill program encompassing RC and select core will be developed to target/expand the deeper gold mineralization identified in previous exploration campaigns. There are no property payments required on this property until 2018.
Sierra Rosario: Sinaloa, Mexico
Located within the historically productive Sierra Madre occident geological province in the northern Mexican state of Sinaloa, the Sierra Rosario property consists of two large mineral exploration concessions totalling 978.57 hectares. AJC has entered into a joint venture agreement with International Northair Mines to explore the property and currently owns an unencumbered 50-per-cent interest in the property.
Lone Ranch: Washington state, United States
Previous production and exploration work within and just adjacent to this property demonstrate the opportunity for development through exploration of the Lone Ranch property. A HEM survey was flown in 2007, which defined extensive areas of possible mineralized targets. The property is readily accessible and located within 20 miles of the Kettle River processing facility operated by Kinross. There are no property payments required on this property until 2018.
Acquisition terms
The LOI provides that AJC shareholders will be entitled to receive one common share of Starcore for three common shares of AJC held by such AJC shareholder, subject to adjustment, pursuant to a plan of arrangement under the Business Corporations Act (British Columbia). In addition, each holder of the outstanding stock options and common share purchase warrants of AJC will receive such number of replacement options or warrants of Starcore based upon the exchange ratio, and the exercise price of the replacement Starcore options will be adjusted based upon the exchange ratio.
Currently, there are 17,569,191 AJC shares, 660,000 AJC options and 1,671,416 common share purchase warrants outstanding. In connection with the transaction, Starcore will issue approximately 5,856,397 Starcore shares, 220,000 Starcore options and 557,139 common share purchase warrants. Following completion of the transaction, former AJC shareholders would hold approximately 4 per cent of the outstanding Starcore shares.
The transaction is subject to the execution of a definitive arrangement agreement. The definitive agreement will include covenants, representations and warranties customary for transactions such as the transaction, as well as deal protection measures and provisions for exclusive dealing similar to those contained in the LOI. Starcore expects to execute a definitive agreement in respect of the transaction within 30 days.
Approvals required
The transaction will be subject to the approval of the Supreme Court of British Columbia, the Toronto Stock Exchange and the TSX Venture Exchange. Completion of the transaction is further subject to the approval by two-thirds of the votes cast by the holders of AJC shares and AJC options voting together as a class and who are present and voting at a special meeting of AJC shareholders to be called to consider the transaction.
Deal protection measures
The letter of intent includes deal protection provisions in favour of Starcore, including a non-solicitation covenant from AJC (except for certain unsolicited approaches) and a break fee upon signing the definitive agreement of $200,000 if, following an unsolicited superior proposal, AJC wishes to pursue that proposal.
Voting lock-up agreements
Pursuant to the letter of intent, AJC has agreed to seek voting agreements from directors, officers and shareholders holding in aggregate a minimum of 25 per cent of the outstanding shares of AJC as a condition to the execution of the definitive arrangement agreement.
Board approvals
The board of directors of each company has approved the terms of the transaction.
Officers and directors of Starcore hold in aggregate 2,246,791 AJC shares and 555,000 AJC options and have agreed to participate in the transaction.
We seek Safe Harbor.
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSAM-22044…
...scheinbar alle am Artikel schreiben...
Starcore Int'l to acquire American Consolidated
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAM-2204452…
Gruß
reini81
Starcore Int'l to acquire American Consolidated
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SAM-2204452…
Gruß
reini81
Heute - 11.Aug. 2014 - von dritter Seite ein Blick auf STARCORE:
(SAM-TSX), a Canadian-based gold miner operating in Mexico, fits this profile.
"Our San Martin Mine in Mexico produces about 24,000 ounces of gold equivalent a year," stated Starcore President and CEO Robert Eadie in an exclusive interview with Financial Press. "The cash cost is $840 an ounce. We own 100% of the project with no debt and about $10 million in cash."
When Starcore bought the mine, it raised the money in the equity markets and with debt, so for 5 years gold production was hedged. But the company has been debt free for a year. The cash profits go right into the bank, allowing it to drill and expand without dilution.
"When Wheaton River was going through a merger with Goldcorp," stated Eadie, "it was determined the mine was too small for them so we picked it up for $26 million, and it's been producing now for 7.5 years, and we expect it to produce for another 50-60 years."
Officially San Martin has a 7-year mine life, but Eadie points out that it has remained 7 years for the last 20 years.
"Starcore manufactures gold," stated Eadie, "That is our business model. As long as it is profitable for us to haul the rocks out, we'll keep doing it. Drilling a working mine is expensive and complicated. It isn't worth it spending that money. As long as the veins of gold continue, it's more cost effective to keep mining it, as the life-of-mine expands out in front of us."
An underground epithermal vein mine, San Martin has about 315 employees. It uses an innovative processing technology called 'dry tailings' -- which means that 75-80% of the chemicals are recovered.
"If you look at our tailings stack you'll see plants, trees, cacti growing out of it," stated Eadie. "That is because the waste is benign. I got tired of explaining the tailings system so we dug plants into it to demonstrate how clean our technology is."
Starcore has many community programs in place including building a vegetable cooperative that will feed about 170 people a day.
"I understand that social responsibility is not a high priority for all investors," conceded Eadie. "But it is important to us. And it is good business. We have an established corporate track record which will be an advantage in the development of future acquisitions or expansions."
Starcore plans to spend a million dollars on a drill problem about 4 kilometers from the current producing gold mine. That's about 10% of the current cash-on-hand.
"Our property is 10 by 13 kilometers, which is about 12,900 hectares," stated Eadie. "There are no royalties. We know that there is a large epithermal gold system on our property but we don't know where the source is. With the banked profits from the San Martin mine, we can investigate and hopefully answer that question."
As well as being in a politically stable mining jurisdiction, the mine has excellent infrastructure. San Martinez (pop. 500) is directly adjacent and supplies labour. You can drive a brand new car right up to the mine and not get it dirty. The main road is only one kilometer away.
"The mine is hooked up to the national power grid of Mexico," stated Eadie. "It's basically a smart grid, so we gain operational efficiencies, for instance by doing maintenance between 6 p.m. and 10 p.m. We've got so much water that we trade it to the local farmers for access rights."
The mill runs 18 hours a day in three shifts - morning, afternoon and night. The current capacity of the mill is 850 tonnes a day. Starcore is considering increasing that to 1,200 tonnes per day, at a cost of about $1.5 million.
"Starcore is profitable," stated Eadie. "We're production focused, we have a successful operating team, and we are deploying our cash reserves to increase efficiencies and expand operations."
Market Vectors Junior Gold Miners increased 25% in the last 60 days to $42.87. According to Financial Post Data, there have been 41 Canadian mining deals in 2014 worth $7.1-billion.
Starcore is currently trading at $.16 with a market cap of $22.9 million
http://finance.yahoo.com/news/south-african-refinery-loses-c…
(SAM-TSX), a Canadian-based gold miner operating in Mexico, fits this profile.
"Our San Martin Mine in Mexico produces about 24,000 ounces of gold equivalent a year," stated Starcore President and CEO Robert Eadie in an exclusive interview with Financial Press. "The cash cost is $840 an ounce. We own 100% of the project with no debt and about $10 million in cash."
When Starcore bought the mine, it raised the money in the equity markets and with debt, so for 5 years gold production was hedged. But the company has been debt free for a year. The cash profits go right into the bank, allowing it to drill and expand without dilution.
"When Wheaton River was going through a merger with Goldcorp," stated Eadie, "it was determined the mine was too small for them so we picked it up for $26 million, and it's been producing now for 7.5 years, and we expect it to produce for another 50-60 years."
Officially San Martin has a 7-year mine life, but Eadie points out that it has remained 7 years for the last 20 years.
"Starcore manufactures gold," stated Eadie, "That is our business model. As long as it is profitable for us to haul the rocks out, we'll keep doing it. Drilling a working mine is expensive and complicated. It isn't worth it spending that money. As long as the veins of gold continue, it's more cost effective to keep mining it, as the life-of-mine expands out in front of us."
An underground epithermal vein mine, San Martin has about 315 employees. It uses an innovative processing technology called 'dry tailings' -- which means that 75-80% of the chemicals are recovered.
"If you look at our tailings stack you'll see plants, trees, cacti growing out of it," stated Eadie. "That is because the waste is benign. I got tired of explaining the tailings system so we dug plants into it to demonstrate how clean our technology is."
Starcore has many community programs in place including building a vegetable cooperative that will feed about 170 people a day.
"I understand that social responsibility is not a high priority for all investors," conceded Eadie. "But it is important to us. And it is good business. We have an established corporate track record which will be an advantage in the development of future acquisitions or expansions."
Starcore plans to spend a million dollars on a drill problem about 4 kilometers from the current producing gold mine. That's about 10% of the current cash-on-hand.
"Our property is 10 by 13 kilometers, which is about 12,900 hectares," stated Eadie. "There are no royalties. We know that there is a large epithermal gold system on our property but we don't know where the source is. With the banked profits from the San Martin mine, we can investigate and hopefully answer that question."
As well as being in a politically stable mining jurisdiction, the mine has excellent infrastructure. San Martinez (pop. 500) is directly adjacent and supplies labour. You can drive a brand new car right up to the mine and not get it dirty. The main road is only one kilometer away.
"The mine is hooked up to the national power grid of Mexico," stated Eadie. "It's basically a smart grid, so we gain operational efficiencies, for instance by doing maintenance between 6 p.m. and 10 p.m. We've got so much water that we trade it to the local farmers for access rights."
The mill runs 18 hours a day in three shifts - morning, afternoon and night. The current capacity of the mill is 850 tonnes a day. Starcore is considering increasing that to 1,200 tonnes per day, at a cost of about $1.5 million.
"Starcore is profitable," stated Eadie. "We're production focused, we have a successful operating team, and we are deploying our cash reserves to increase efficiencies and expand operations."
Market Vectors Junior Gold Miners increased 25% in the last 60 days to $42.87. According to Financial Post Data, there have been 41 Canadian mining deals in 2014 worth $7.1-billion.
Starcore is currently trading at $.16 with a market cap of $22.9 million
http://finance.yahoo.com/news/south-african-refinery-loses-c…
Etwas zäh, auch wenn es langsam in die richtige Richtung geht:
Starcore Int'l Mines produces 6,028 oz AuEq in Q2 2014
Starcore International Mines Ltd (C:SAM)
Shares Issued 143,390,465
Last Close 2/14/2014 $0.245
Monday February 17 2014 - News Release
Mr. Robert Eadie reports
STARCORE POSTS THIRD CONSECUTIVE +6,000 OUNCE QUARTER
Starcore International Mines Ltd. has released its production results for the second quarter of fiscal 2014 ending Jan. 31, 2014, at its San Martin mine in Queretaro, Mexico. For the third consecutive fiscal quarter, the San Martin mine has produced more than 6,000 gold-equivalent ounces.
During Q2, a total of 78,509 tonnes were milled at an average grade of 2.55 grams per tonne gold and 21 g/t silver, resulting in the production of 6,028 gold-equivalent ounces. This represents an increase in production of 21 per cent from the same quarter in the previous year.
Mill recoveries averaged 86.8 per cent for gold and 51.9 per cent for silver. These recovery rates compare very favourably with Q2 2013 when recoveries were 79.7 per cent for gold and 55.2 per cent for silver.
David Gunning, PEng, a director of the company and chief operating officer, qualified person on the project as required under National Instrument 43-101, has prepared the technical information contained in this press release.
Starcore Int'l Mines produces 6,028 oz AuEq in Q2 2014
Starcore International Mines Ltd (C:SAM)
Shares Issued 143,390,465
Last Close 2/14/2014 $0.245
Monday February 17 2014 - News Release
Mr. Robert Eadie reports
STARCORE POSTS THIRD CONSECUTIVE +6,000 OUNCE QUARTER
Starcore International Mines Ltd. has released its production results for the second quarter of fiscal 2014 ending Jan. 31, 2014, at its San Martin mine in Queretaro, Mexico. For the third consecutive fiscal quarter, the San Martin mine has produced more than 6,000 gold-equivalent ounces.
During Q2, a total of 78,509 tonnes were milled at an average grade of 2.55 grams per tonne gold and 21 g/t silver, resulting in the production of 6,028 gold-equivalent ounces. This represents an increase in production of 21 per cent from the same quarter in the previous year.
Mill recoveries averaged 86.8 per cent for gold and 51.9 per cent for silver. These recovery rates compare very favourably with Q2 2013 when recoveries were 79.7 per cent for gold and 55.2 per cent for silver.
David Gunning, PEng, a director of the company and chief operating officer, qualified person on the project as required under National Instrument 43-101, has prepared the technical information contained in this press release.
Hallo zusammen!
Hab soeben ein interessantes Interview mit Robert Eadie gefunden: http://www.youtube.com/watch?v=QYR06WfMoXE
Hab soeben ein interessantes Interview mit Robert Eadie gefunden: http://www.youtube.com/watch?v=QYR06WfMoXE
Trading Spotlight
Etwas mehr haette ich mir da schon erhofft. 
Starcore Int'l Mines produces 24,425 oz AuEq in 2013
Ticker Symbol: C:SAM
Starcore Int'l Mines produces 24,425 oz AuEq in 2013
Starcore International Mines Ltd (C:SAM)
Shares Issued 143,390,465
Last Close 1/29/2014 $0.215
Thursday January 30 2014 - News Release
Mr. Robert Eadie reports
STARCORE POSTS BEST ANNUAL PRODUCTION SINCE 2007; COMPANY REPORTS ON AGM RESULTS AND DRILL PROGRAMS
Starcore International Mines Ltd. has released production results for the calendar year ending Dec. 31, 2013, at its San Martin mine in Queretaro, Mexico.
During 2013, a total of 306,941 tonnes was milled at an average grade of 2.66 g/t gold and 24 g/t silver resulting in the production of 24,425 gold equivalent ounces. This represents an increase in production of 27% from the previous year.
Mill recoveries improved from last year and averaged 84.75% for gold and 54% for silver. Silver recoveries returned to the typical rates during the year, and the gold recovery improved from the 78% achieved in 2012.
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 approved the technical information contained in the above production results.
The Company also reports on the results of its Annual General Meeting of Shareholders held on January 28, 2014:
1. The following individuals were elected as directors of the Company: Robert Eadie (Executive Chairman, President & Chief Executive Officer), Gary Arca (Chief Financial Officer), David Gunning (Chief Operating Officer), Cory Kent (Corporate Secretary), Ken Sumanik, Federico Villasenor, Jordan Estra, Serge Depatie and Michael Gunning;
2. Deloitte LLP, Chartered Accountants, was reappointed auditor of the Company;
3. the Shareholder Rights Plan was approved;
4. the Advance Notice Policy was approved; and
5. the proposal to continue the Company's 20% rolling stock option plan did not receive the required shareholder approval. "We have heard what our shareholders have said and are listening," said Robert Eadie, President & CEO of the Company.
In other news, the Company reports that preparations are underway for the commencement of the 2014 drill program to explore for and expand its San Martin resources.
The focus for the 2014 program will be to assess areas outside of the immediate mine area where isolated drilling in the past has indicated mineralized structures that have yet to be followed up.. A 5000-metre drill program is planned for 2014.
Permitting will commence once drillhole sites are finalized.
At the conclusion of the prior year's drill program, the Company reviewed the results of the program against the backdrop of its principal objective for 2013 which was to discover gold / silver mineralization in a new structure immediately west of the San Martin - San Jose mineralized trend, close to existing underground infrastructure. Any such new zones could then be quickly added to the known reserves. As a result of the drill program it is now known that the rock units situated immediately west of the mine area are host rocks unfavourable for the types of mineralization in the mine. No further work is recommended in this area at this time.
Gary Woods, P.Geo., Exploration Manager, Starcore's qualified person, has reviewed the contents of this release for accuracy as it relates to the report on the 2013 and 2014 drill programs, and has approved this press release on behalf of Starcore.
© 2014 Canjex Publishing Ltd.
Starcore Int'l Mines produces 24,425 oz AuEq in 2013
Ticker Symbol: C:SAM
Starcore Int'l Mines produces 24,425 oz AuEq in 2013
Starcore International Mines Ltd (C:SAM)
Shares Issued 143,390,465
Last Close 1/29/2014 $0.215
Thursday January 30 2014 - News Release
Mr. Robert Eadie reports
STARCORE POSTS BEST ANNUAL PRODUCTION SINCE 2007; COMPANY REPORTS ON AGM RESULTS AND DRILL PROGRAMS
Starcore International Mines Ltd. has released production results for the calendar year ending Dec. 31, 2013, at its San Martin mine in Queretaro, Mexico.
During 2013, a total of 306,941 tonnes was milled at an average grade of 2.66 g/t gold and 24 g/t silver resulting in the production of 24,425 gold equivalent ounces. This represents an increase in production of 27% from the previous year.
Mill recoveries improved from last year and averaged 84.75% for gold and 54% for silver. Silver recoveries returned to the typical rates during the year, and the gold recovery improved from the 78% achieved in 2012.
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 approved the technical information contained in the above production results.
The Company also reports on the results of its Annual General Meeting of Shareholders held on January 28, 2014:
1. The following individuals were elected as directors of the Company: Robert Eadie (Executive Chairman, President & Chief Executive Officer), Gary Arca (Chief Financial Officer), David Gunning (Chief Operating Officer), Cory Kent (Corporate Secretary), Ken Sumanik, Federico Villasenor, Jordan Estra, Serge Depatie and Michael Gunning;
2. Deloitte LLP, Chartered Accountants, was reappointed auditor of the Company;
3. the Shareholder Rights Plan was approved;
4. the Advance Notice Policy was approved; and
5. the proposal to continue the Company's 20% rolling stock option plan did not receive the required shareholder approval. "We have heard what our shareholders have said and are listening," said Robert Eadie, President & CEO of the Company.
In other news, the Company reports that preparations are underway for the commencement of the 2014 drill program to explore for and expand its San Martin resources.
The focus for the 2014 program will be to assess areas outside of the immediate mine area where isolated drilling in the past has indicated mineralized structures that have yet to be followed up.. A 5000-metre drill program is planned for 2014.
Permitting will commence once drillhole sites are finalized.
At the conclusion of the prior year's drill program, the Company reviewed the results of the program against the backdrop of its principal objective for 2013 which was to discover gold / silver mineralization in a new structure immediately west of the San Martin - San Jose mineralized trend, close to existing underground infrastructure. Any such new zones could then be quickly added to the known reserves. As a result of the drill program it is now known that the rock units situated immediately west of the mine area are host rocks unfavourable for the types of mineralization in the mine. No further work is recommended in this area at this time.
Gary Woods, P.Geo., Exploration Manager, Starcore's qualified person, has reviewed the contents of this release for accuracy as it relates to the report on the 2013 and 2014 drill programs, and has approved this press release on behalf of Starcore.
© 2014 Canjex Publishing Ltd.
Bin nun doch positiv überrascht vom ersten Quartal:
Starcore Int'l earns $2.29-million in fiscal Q1 2014
2013-12-11 09:13 ET - News Release
Mr. Robert Eadie reports
STARCORE EARNS $2.3 MILLION IN THE FIRST QUARTER
Starcore International Mines Ltd. has filed the results for the first quarter ended Oct. 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 or SEDAR. All financial information is prepared in accordance with international financial reporting standards.
First quarter, Oct. 31, 2013, highlights:
Earnings from mining operations were $3.1-million, or 36 per cent of gross revenue, compared with $1.3-million, or 19 per cent, of gross revenue in the prior year.
Income for the quarter was $2.3-million, or two cents per share, compared with a loss of $346,000, or nil per share, for the prior year.
The table contains selected highlights from the company's audited consolidated statement of operations for the quarters ended Oct. 31, 2013, and 2012.
FINANCIAL HIGHLIGHTS
und mehr unter:
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSAM-21313…
Starcore Int'l earns $2.29-million in fiscal Q1 2014
2013-12-11 09:13 ET - News Release
Mr. Robert Eadie reports
STARCORE EARNS $2.3 MILLION IN THE FIRST QUARTER
Starcore International Mines Ltd. has filed the results for the first quarter ended Oct. 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 or SEDAR. All financial information is prepared in accordance with international financial reporting standards.
First quarter, Oct. 31, 2013, highlights:
Earnings from mining operations were $3.1-million, or 36 per cent of gross revenue, compared with $1.3-million, or 19 per cent, of gross revenue in the prior year.
Income for the quarter was $2.3-million, or two cents per share, compared with a loss of $346,000, or nil per share, for the prior year.
The table contains selected highlights from the company's audited consolidated statement of operations for the quarters ended Oct. 31, 2013, and 2012.
FINANCIAL HIGHLIGHTS
und mehr unter:
http://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSAM-21313…
Antwort auf Beitrag Nr.: 45.391.943 von boersenbrieflemming am 05.09.13 16:15:11Auch gut,
permitting / drilling
kommt v o r Dividendenzahlung(en)
permitting / drilling
kommt v o r Dividendenzahlung(en)
Starcore finishing permitting, bidding for drilling
Starcore International Mines Ltd (C:SAM)
Shares Issued 143,390,465
Last Close 9/4/2013 $0.24
Thursday September 05 2013 - News Release
Mr. Robert Eadie reports
STARCORE INTERNATIONAL MINES LTD.: CORPORATE UPDATE
Starcore International Mines Ltd. has provided an update on the the current status of the company.
Cash on hand: $4.6-million
The company must maintain a minimum of $5-million as operating capital to enable management to meet its corporate responsibility of sustaining Starcore's financial strength, and to have the ability to respond positively to the operating variables of the mining industry.
Debt: nil
Exploration
The company is completing the permitting and bidding process for its planned exploration drilling of approximately 5,000 metres at an estimated cost of $1.2-million. The exploration program will be financed internally.
Dividends
Although the company is not currently in a position to declare dividends due to the price of gold, declaring dividends continues to be a high priority for management and a primary objective. "We remain persistent in achieving this objective as we are acutely aware that dividends are what our shareholders expect from their investment in the company. I cannot emphasize enough how this remains front and centre in terms of our focus and what we are striving to deliver to our shareholders as soon as possible," said Robert Eadie, president and chief executive officer of the company.
Sale of non-core asset (San Pedrito)
The company continues to pursue and engage various parties, both foreign and local, which have expressed their interest in acquiring the San Pedrito lands. Although no sale is imminent, management believes that the San Pedrito lands will be recognized by an astute developer and that the eventual sale of the asset will occur.
We seek Safe Harbor.
Starcore International Mines Ltd (C:SAM)
Shares Issued 143,390,465
Last Close 9/4/2013 $0.24
Thursday September 05 2013 - News Release
Mr. Robert Eadie reports
STARCORE INTERNATIONAL MINES LTD.: CORPORATE UPDATE
Starcore International Mines Ltd. has provided an update on the the current status of the company.
Cash on hand: $4.6-million
The company must maintain a minimum of $5-million as operating capital to enable management to meet its corporate responsibility of sustaining Starcore's financial strength, and to have the ability to respond positively to the operating variables of the mining industry.
Debt: nil
Exploration
The company is completing the permitting and bidding process for its planned exploration drilling of approximately 5,000 metres at an estimated cost of $1.2-million. The exploration program will be financed internally.
Dividends
Although the company is not currently in a position to declare dividends due to the price of gold, declaring dividends continues to be a high priority for management and a primary objective. "We remain persistent in achieving this objective as we are acutely aware that dividends are what our shareholders expect from their investment in the company. I cannot emphasize enough how this remains front and centre in terms of our focus and what we are striving to deliver to our shareholders as soon as possible," said Robert Eadie, president and chief executive officer of the company.
Sale of non-core asset (San Pedrito)
The company continues to pursue and engage various parties, both foreign and local, which have expressed their interest in acquiring the San Pedrito lands. Although no sale is imminent, management believes that the San Pedrito lands will be recognized by an astute developer and that the eventual sale of the asset will occur.
We seek Safe Harbor.
Antwort auf Beitrag Nr.: 45.376.953 von boersenbrieflemming am 03.09.13 16:40:17Versprechen gehalten ;-)
Jetzt muß nur noch das " Dividenden-Versprechen " eingelöst werden
dann haben wir hier zweistellige Renditen ( ohne die Kursgewinne ).
><
Jetzt muß nur noch das " Dividenden-Versprechen " eingelöst werden
dann haben wir hier zweistellige Renditen ( ohne die Kursgewinne ).
><
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