Starcore Announces 2nd Quarter Production Results

Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) announces production results for the second quarter of fiscal 2018, ended October 31, 2017, at its San Martin Mine (“San Martin”) in Queretaro, Mexico and the Altiplano Gold Silver Processing Facility (“Altiplano”) in Matehuala, Mexico.

During Q2 at San Martin, a total of 69,753 tonnes was milled at an average grade of 1.56 g/t gold and 13.6 g/t silver resulting in the production of 2,739 gold equivalent ounces. Mill recoveries averaged 80.9% for gold and 54.0% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 75.6:1 during the quarter.

During Q2 the Altiplano Facility received approximately 137.25 tonnes of concentrate and 311 kg of precipitates containing approximately 197 ounces of gold and 13,650 ounces of silver. During the quarter ended October 31, 2017, the Company sold 94 ounces of gold and 20,280 ounces of silver.

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