Starcore International Ventures - Goldproduzent mit KGV <3 bricht aus! (Seite 193)

[German2]

I wrote GoldSeek.com to find out if they'll be covering starcore, and Peter Spina wrote me back almost instantly saying that they will be featuring Starcore soon! Great news and great exposure!!!!

[e_type1]

Starcore loses $2.21-million in fiscal 2007

2007-10-30 14:03 ET - News Release

Mr. Robert Eadie reports

STARCORE REPORTS YEAR-END FINANCIAL RESULTS AND RESULTS FROM THE SECOND QUARTER OF PRODUCTION

Starcore International Ventures Ltd. has filed the results for the fiscal year ended July 31, 2007, and the second quarter of its mining operations from the San Martin mine which was acquired Feb. 1, 2007, from Goldcorp Inc. Starcore had revenues from metal sales of $9.2-million, earnings from mining operations of $3.1-million and net income of $400,000 for the quarter ended July 31, 2007. Over the year ended July 31, 2007, which includes two quarters of mining operations, the company reports revenues of $18.5-million, earnings from mining operations of $6.2-million and a net loss of $2.2-million, due largely to the financing fees of $1.2-million related to the acquisition and a $2.5-million non-cash stock-based compensation charge on option awards. The basic income per share for the quarter ended July 31, 2007, was one cent per share and nil fully diluted. Basic and diluted loss of six cents per share was reported for the year ended July 31, 2007.

The attached table contains selected highlights from Starcore's consolidated income statement and consolidated balance sheet for the three-month periods and years ended July 31, 2007, and July 31, 2006.

FINANCIAL HIGHLIGHTS
(in thousands of dollars)

For the
three months ended For the year ended
July 31, July 31,
2007 2006 2007 2006

Total revenue $9,232 - $18,499 -
Earnings from mining operations $3,121 - $6,175 -
Net income (loss) $352 $(330) $(2,218) $(890)
Net income (loss) per share -- basic $(0.01) $(0.03) $(0.06) $(0.07)
Net income (loss) per share -- fully diluted $0.00 $0.03 $(0.06) $(0.07)

The earnings from mining operations of $6.2-million, which are calculated as gross revenue less mine cash operating costs, purchased ore costs, reclamation costs and cost of amortization and depletion, were equivalent to a basic earnings per share (EPS) of 10 cents over the two quarters of mining operations ended July 31, 2007, and do not include administrative expenses, other items and income taxes of the company. Management believes that this non-GAAP (generally accepted accounting principles) measure of EPS illustrates the specific performance of the mining operations in evaluating the recent Acquisition, due to the fact it is based on earnings from mining operations solely. Administrative and other items excluded from the earnings from mining operation are corporate office expenses, fees and salaries, shareholder relations, travel, regulatory, professional fees, stock based compensation, future income tax, investment and interest income, foreign exchange gain and write-off of mineral properties, as well as the cost of completing the acquisition and the related financing. The company also had positive cash flow from operations of $3.5-million for the year ended July 31, 2007.

The attached table includes selected information of mine production statistics for the San Martin mine for the second quarter of operations and the two quarters of operations under the company.

Actual Actual
results for results for
three months six months
ended ended
July 31, July 31,
2007 2007

Production of gold (thousand of ounces) 6.9 13.6
Production of silver (thousand of ounces) 65.3 126.6
Equivalent ounces of gold (thousand of ounces)* 8.1 16.1
Milled (thousands of tonnes) 62.2 117.7
Operating cost per equivalent ounce (U.S. dollars per tonne) 262 253

* Assuming a 50:1 silver-to-gold equivalency ratio

Chief executive officer, Robert Eadie, stated: "The results of our second quarter of production show a consistent production level and the mine operations are producing excellent cash flow for the company. This confirms our long-term growth strategy of increasing production and allows Starcore to pursue other producing mining assets."

[e39]

hm, das Rindvieh scheint noch keine Freude an den Resultaten zu haben trotz guten Ergebnissen und netten Goldpreisen...

[married]

Antwort auf Beitrag Nr.: 32.204.243 von e_type1 am 30.10.07 14:54:47

falscher sräd


macht doch nichts

[e_type1]

Antwort auf Beitrag Nr.: 32.204.225 von e_type1 am 30.10.07 14:54:03

sorry , falscher sräd

[e_type1]

!

Dieser Beitrag wurde moderiert. Grund: auf eigenen Wunsch des Users

[e_type1]

marketwire

Oct 30, 2007 09:30 ET
Starcore Reports Year-End Financial Results and Results from the Second Quarter of Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 30, 2007) - Starcore International Ventures Ltd. (the "Company") (TSX:SAM) has filed the results for the fiscal year ended July 31, 2007, and the second quarter of its mining operations from the San Martin Mine which was acquired February 1, 2007 from Goldcorp Inc. (the "Acquisition"). Starcore had revenues from metal sales of $9.2 million, earnings from mining operations of $3.1 million, and net income of $0.4 million for the quarter ended July 31, 2007. Over the year ended July 31, 2007, which includes two quarters of mining operations, the Company reports revenues of $18.5 million, earnings from mining operations of $6.2 million and a net loss of $2.2 million, due largely to the financing fees of $1.2 million related to the Acquisition and a $2.5 million non-cash stock-based compensation charge on option awards. The basic income per share for the quarter ended July 31, 2007 was $0.01 per share and $NIL fully diluted. Basic and diluted loss of $0.06 per share was reported for the year ended July 31, 2007.

The following table contains selected highlights from Starcore's consolidated income statement and consolidated balance sheet for the three month periods and years ended July 31, 2007 and July 31, 2006:




--------------------------------------------------------------------------
For the
three months ended For the year ended
July 31 July 31
000's 000's (audited)
----------------------------------------
2007 2006 2007 2006
--------------------------------------------------------------------------
Total Revenue $ 9,232 -- $ 18,499 --
Earnings from
mining operations $ 3,121 -- $ 6,175 --
Net income (loss) $ 352 $ (330) $ (2,218) $ (890)
Net income (loss)
per share - basic $ (0.01) $ (0.03) $ (0.06) $ (0.07)
Net income (loss)
per share - fully diluted $ 0.00 $ 0.03 $ (0.06) $ (0.07)
--------------------------------------------------------------------------





The earnings from mining operations of $6.2 million, which is calculated as gross revenue less mine cash operating costs, purchased ore costs, reclamation costs and cost of amortization and depletion, was equivalent to a basic earnings per share (EPS) of $0.10 over the two quarters of mining operations ended July 31, 2007 and does not include administrative expenses, other items and income taxes of the Company. Management believes that this non-GAAP measure of EPS illustrates the specific performance of the mining operations in evaluating the recent Acquisition, due to the fact it is based on earnings from mining operations solely. Administrative and other items excluded from the earnings from mining operation are corporate office expenses, fees and salaries, shareholder relations, travel, regulatory, professional fees, stock based compensation, future income tax, investment and interest income, foreign exchange gain and write-off of mineral properties, as well as the cost of completing the Acquisition and the related financing. The Company also had positive cash flow from operations of $3.5 million for the year ended July 31, 2007.

The following table is selected information of mine production statistics for the San Martin mine for the second quarter of operations and the two quarters of operations under the Company.




--------------------------------------------------------------------------
Actual Actual
results for results for
3 months 6 months
ended ended
July 31, July 31,
(Unaudited) Unit of measure 2007 2007
--------------------------------------------------------------------------
Production of Gold thousand ounces 6.9 13.6
Production of Silver thousand ounces 65.3 126.6
Equivalent ounces of Gold(i) thousand ounces 8.1 16.1


Milled thousands of tonnes 62.2 117.7


Operating Cost per
Equivalent Ounce US dollars/tonne 262 253
--------------------------------------------------------------------------
(i) assuming a 50:1 silver to gold equivalency ratio





Chief Executive Officer, Robert Eadie, stated, "The results of our second quarter of production show a consistent production level and the mine operations are producing excellent cash flow for the Company. This confirms our long-term growth strategy of increasing production and allows Starcore to pursue other producing mining assets."

Full financial statements are available on SEDAR at www.sedar.com and on Starcore's website at www.starcore.com.

[German2]

Antwort auf Beitrag Nr.: 32.203.002 von Neono am 30.10.07 13:45:18

von den Schulden die vom Propertykauf herrühren ist auch schon ein guter Teil abgeknabbert..

..sieht sehr gut aus

[Neono]

Antwort auf Beitrag Nr.: 32.202.803 von German2 am 30.10.07 13:34:12

Sie verdienen gut und was will man mehr?

Tja, das hier ist zu diesen Goldpreisen ein Strong Buy.

Neono

[e_type1]

In addition to the Company’s mining operations at San Martin, Starcore has agreements to purchase
concentrate ore from two surrounding mines and charges a processing and marketing fee as a reduction of
purchase price paid based on assays of the concentrate. These agreements are not binding and may be
cancelled or renegotiated based on changing operating conditions.