Starcore Reports Q3 Results

Core Insights - Starcore International Mines Ltd. has reported a return to full production with earnings from mining operations of $2.1 million and positive cash flow for the third quarter ended January 31, 2025 [2] - The company anticipates further increases in monthly metal production following the finalization of carbonaceous ore tests [2] Financial Highlights - Revenues for the three months ended January 31, 2025, were $9,014 thousand, compared to $6,784 thousand for the same period in 2024, representing a 33.8% increase [2] - Cost of sales increased to $6,889 thousand from $5,989 thousand year-over-year [2] - Net income for the quarter was $294 thousand, a recovery from a loss of $154 thousand in the same quarter of the previous year [2] - EBITDA for the nine months ended January 31, 2025, was $1,668 thousand, compared to a loss of $620 thousand in the same period of 2024, resulting in an EBITDA margin of 7.3% [3][5] Production Highlights - Gold production for the three months ended January 31, 2025, was 2.2 thousand ounces, while silver production was 8.2 thousand ounces [6] - The gold equivalent ounces produced were 2.3 thousand, with a silver to gold equivalency ratio of 87.3 [6] - The mine's gold recovery rate was 82.4%, and silver recovery was 49.1% for the same period [6] Cash Position - As of January 31, 2025, the company had cash and short-term investments totaling $2.3 million [4] - Gold and silver sales amounted to $9.0 million for the quarter [4] Company Overview - Starcore International Mines focuses on precious metals production, primarily in Mexico, and has expanded its operations internationally [7] - The company emphasizes corporate social responsibility and aims to enhance long-term shareholder value [7]