Starcore Announces Management Changes at the Altiplano Processing Plant
October 30 2017 - 9:00AM
Starcore International Mines Ltd. (TSX:SAM) (“Starcore” or
the “Company”) reports changes to its senior management at the
Altiplano gold and silver processing plant in Matehuala, Mexico
(the “Plant”). The action to remove and replace senior
management and sales personnel from the Altiplano operations was
precipitated by a prolonged period of poor performance at the
Plant.
“The action taken was necessary to stem the flow
of negative results at a facility that has every reason to be
successful,” said Robert Eadie, Starcore’s President & CEO.
Effective immediately, operational duties will
be assumed by existing Starcore management and personnel in Mexico,
assisted by the services of a newly appointed consultant
specializing in the procurement of concentrates. Management
believes that this is the best course of action to turn Altiplano
profitable as it was designed to be.
About StarcoreStarcore is engaged in exploring,
extracting and processing gold and silver through its wholly-owned
subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which
owns the San Martin mine in Queretaro, Mexico. Through its
wholly-owned subsidiary, Altiplano Goldsilver S.A. de C.V, Starcore
also owns and operates the Altiplano concentrate processing
facility for precious metals in Matehuala, Mexico. Starcore
is a public reporting issuer on the Toronto Stock Exchange.
Starcore is also engaged in owning, acquiring, exploiting,
exploring and evaluating mineral properties, and either joint
venturing or developing these properties further. Starcore
has interests in properties located in Mexico, Canada and the
United States. For more information concerning Starcore, see
documents filed under its profile on SEDAR, or visit its website at
www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL MINES
LTD.
Signed “Robert
Eadie”
Robert Eadie, President & Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
ROBERT EADIE: Telephone: (416) 640-1936
EVAN EADIE Investor Relations Telephone: (416) 640-1936
Toll Free: 1-866-602-4935
The Toronto Stock Exchange has not reviewed nor
does it accept responsibility for the adequacy or accuracy of this
press release.
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