Temporary Suspension of Operations at San Martin
August 21, 2024 7:30 PM EDT | Source: Starcore International Mines Ltd.
Vancouver, British Columbia–(Newsfile Corp. – August 21, 2024) – Starcore International Mines Ltd. (TSX: SAM) (FSE: V4JA) (“Starcore” or “the Company”) has announced the temporary suspension of mining operations at its San Martin Mine (“San Martin”) in Queretaro, Mexico.
An unplanned inspection by the Mexican Labor Department highlighted safety standards that must be met before operations can resume. This inspection was prompted by a recent fatality at the mine, the first in 18-1/2 years of Starcore’s history of zero fatalities at San Martin.
“Safety has always been a top priority at San Martin for the past 18-1/2 years and will remain paramount in our operations,” stated Robert Eadie, Chief Executive Officer of Starcore.
“We anticipate meeting the safety requirements set by the Labor Department and restarting mining operations within a week,” added Robert Eadie. “Our mining operations and safety teams are actively working to comply with the necessary protocols. In addition, management is offering grief counseling to those in need and extending condolences to the bereaved family.”
About Starcore
Starcore International Mines is a company specializing in precious metals production, with a particular focus on Mexico. In addition to its producing assets, the company is involved in exploration and development projects across North America and internationally in Côte d’Ivoire. Starcore is known for its commitment to Corporate Social Responsibility and strives to make value-driven decisions that enhance long-term shareholder value. More information is available on the investor-friendly website here: www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL MINES LTD
Signed “Robert Eadie”
Robert Eadie, Chief Executive Officer
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This news release contains “forward-looking” statements and information (“forward-looking statements”). All statements, other than statements of historical facts, included herein, including, without limitation, management’s expectations and the potential of the Company’s projects, are forward-looking statements. Forward-looking statements are based on the beliefs of Company management, as well as assumptions made by and information currently available to Company’s management and reflect the beliefs, opinions, and projections on the date the statements are made. Forward-looking statements involve various risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward-looking statements. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. The Company assumes no obligation to update forward‐looking statements or beliefs, opinions, projections or other factors, except as required by law.
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