Starcore Reports First Quarter Production Results

Core Insights - Starcore International Mines Ltd. reported production results for the first fiscal quarter ended July 2025 at its San Martin Mine in Queretaro, Mexico, highlighting a focus on optimizing the CIL process for carbonaceous ore [1][2] Production Results - The company produced 166 equivalent gold ounces from milling 5,370 tons of stockpiled ore with a gold grade of 1.91 g/t and a silver grade of 17.5 g/t, achieving recoveries of 75% for gold and 65% for silver [2] - For the quarter, the San Martin Mine milled 54,247 tonnes, producing 2,130 gold equivalent ounces, which is a 9% decrease from the previous quarter [4] - The gold grade for the quarter was 1.47 g/t, down 6% from the previous quarter, while the silver grade was 12.88 g/t, an 18% decrease [4] Recovery Rates - Gold recovery for the quarter was 77.42%, a decline of 5% from the previous quarter, and silver recovery was 54.78%, down 3% [4] - The company identified issues with lower recoveries from oxide ore due to preg-robbing effects caused by clays in the ore, which absorb gold and silver during processing [3] Operational Developments - The new CIL plant is seen as a viable alternative for processing ore that cannot be treated by cyanidation, particularly for ore from the San Jose Mine [4] - The San Jose Mine area has considerable reserves being developed to feed the oxide plant, although recoveries from this area are lower than those from the San Martin ore [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]