Starcore Announces Second Quarter Production Results

Core Viewpoint - Starcore International Mines Ltd. has reported production results for the second fiscal quarter ended October 2024, highlighting a temporary suspension of operations at the San Martin Mine due to a fatality, followed by a resumption of operations after meeting safety standards [1][2]. Production Results - Ore milled in Q2 2025 was 48,248 tonnes, a decrease of 3% from Q1 2025 [4] - Gold equivalent ounces produced were 1,466, reflecting a significant decline of 48% compared to Q1 2025 [4] - The average gold grade was 1.10 grams per tonne, down 43% from the previous quarter, while the silver grade was 9.81 grams per tonne, a decrease of 51% [4] - Gold recovery rate was 80.25%, down 6% from Q1 2025, and silver recovery rate was 49.16%, down 14% [4] Safety and Operational Improvements - Following a fatal incident, the company has implemented enhanced safety protocols to ensure the San Martin Mine operates at the highest safety standards [2] - The mine resumed normal operations in October after fulfilling all safety requirements set by the Mexican labor authority [2] Resource and Recovery Testing - The company is conducting tests to optimize the recovery of gold and silver from approximately 1 million tonnes of carbonaceous ore, with an average grade of 3.1 grams of gold and 20 grams of silver [3] - Industrial testing is set to begin in mid-December based on positive preliminary results from laboratory tests [3] Company Overview - Starcore International Mines focuses on precious metals production, primarily in Mexico, and is involved in exploration and development projects across North America and Côte d'Ivoire [5] - The company emphasizes corporate social responsibility and aims to enhance long-term shareholder value [5]