Starcore International Mines Ltd.
Starcore Provides Update on Operations in Mexico
DGAP-News: Starcore International Mines Ltd. / Key word(s): Miscellaneous Vancouver, British Columbia–(Newsfile Corp. – July 31, 2019) – Starcore International Mines Ltd. (TSX: SAM) (\”Starcore\” or the \”Company\”) is pleased to present corporate highlights subsequent to its April 30th, 2019 year-end: Sale of Altiplano
The terms of the Transaction are as follows:
The decision to sell Altiplano was put into motion earlier in the year, after it was determined that the ongoing capital requirements for inventory and operations did not justify the continuation of the processing plant’s operations. Proceeds from the Transaction will be added to working capital. Cost Reduction Initiatives at the Mine
The Company continues to deliberate other measures that will return the Company to profitability. 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 Signed \”Robert Eadie\” FOR FURTHER INFORMATION PLEASE CONTACT: The Toronto Stock Exchange has not reviewed nor does it accept responsibility To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46672 Click on, or paste the following link into your web browser,to view the associated documents http://www.newsfilecorp.com/release/46672
31.07.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Starcore International Mines Ltd. |
Canada | |
ISIN: | CA85525T2020 |
EQS News ID: | 849953 |
End of News | DGAP News Service |