Starcore’s 100% owned San Martin mine (Mexico) has been in operation since 1993, producing over 690 Koz gold equivalent (AuEq). SAM is also advancing its advanced-stage Opodepe project in Mexico, which has a reasonably large copper-molybdenum resource. A historic PEA (completed in 2010) had returned an AT-NPV10% of US$429M, using conservative metal prices: US$2.6/lb Cu (spot: US$3.8/lb), and US$15/lb Mo (spot: US$21/lb).
FRC Analyst's Reports
|Starcore International Mines Ltd. (TSX: SAM / OTC: SHVLF / FK: V4JA) – A Profitable Gold Producer Trading Below Cash – Initiating Coverage||
Jan. 6, 2023