Starcore Reports Q2 2017 Results

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https://www.starcore.com/news/news-releases/starcore-reports-q2-2017-results

Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) has filed the results for the quarter ended October 31, 2016 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 www.starcore.com, or SEDAR at www.sedar.com. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated.

Financial Highlights for quarter ended October 31, 2016:

  • Cash and short-term investments on hand is $8 million at October 31, 2016 compared to $10 million at April 30, 2016;
  • Gold and silver sales of $7.1 million for the three months ended October 31, 2016 compared to $7.7 million for the three months ended October 31, 2015, a decrease of 8%;
  • Earnings from mining operations of $1.2 million for the three months ended October 31, 2016 compared to earnings of $1.1 million for the three months ended October 31, 2015;
  • EBITDA(1) of $3,445 for the six months ended October 31, 2016 compared to $2,589 for the six months ended October 31, 2015.

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