Starcore Announces Third Quarter Production Results

Core Insights - Starcore International Mines Ltd. reported a significant increase in gold production at its San Martin Mine, producing 2,268 Equivalent ounces of gold in Q3 2025, a 55% increase from 1,466 ounces in the previous quarter [2][3] - The mine operations returned to normal after a two-month suspension, and the company anticipates further improvements in production due to the mining of oxide ore and the recovery of gold and silver from carbonaceous ore [2][3] - The expected reserves from the carbonaceous ore amount to an additional 1 million tonnes with an average grade of 3.1 grams of gold and 20 grams of silver per tonne [2] Production Metrics - Ore Milled: 46,730 tonnes in Q3 2025, a decrease of 3% from 48,248 tonnes in Q2 2025, and a 14% decrease year-to-date [3] - Gold Equivalent Ounces: 2,268 ounces in Q3 2025, up 55% from 1,466 ounces in Q2 2025, and a slight decrease of 4% year-to-date [3] - Gold Grade: 1.74 grams/ton in Q3 2025, a 58% increase from 1.10 grams/ton in Q2 2025, and a 16% increase year-to-date [3] - Silver Grade: 11.08 grams/ton in Q3 2025, a 13% increase from 9.81 grams/ton in Q2 2025, but a 6% decrease year-to-date [3] - Gold Recovery: 82.44% in Q3 2025, a 3% increase from 80.25% in Q2 2025, and a 4% decrease year-to-date [3] - Silver Recovery: 49.10% in Q3 2025, nearly unchanged from 49.16% in Q2 2025, with a 10% increase year-to-date [3] Company Overview - Starcore International Mines focuses on precious metals production, primarily in Mexico, and has expanded its operations internationally, including a project in Côte d'Ivoire [4] - The company emphasizes Corporate Social Responsibility and aims to make value-driven decisions to enhance long-term shareholder value [4]