Starcore Q1 Net Income $3.1mln, EBITDA $3.7mln

Starcore International Mines reported Q1 results with income from mining operations of $2.2 million, net income of $3.1 million, or $0.03 per share, and EBITDA of $3.7 million. The company had cash on hand of $8 million and working capital of $11.3 million. Gold and silver sales reached $10.5 million, with a metal inventory of 1,000 kilograms of silver. The mine is expected to see continued improvement in production over the next quarters.