Starcore Reports Second Quarter Production Results

Core Viewpoint - Starcore International Mines Ltd. reported lower metal production in the first fiscal quarter ended October 2025 due to issues related to ore composition and processing inefficiencies [1][2]. Production Results - The ore milled in Q1 2026 was 51,960 tonnes, a decrease of 4% from Q4 2025 [6]. - Gold equivalent ounces produced were 1,860, down 13% from the previous quarter [6]. - The gold grade was 1.33 grams per tonne, reflecting a 10% decline compared to the prior quarter [6]. - Silver grade increased by 12% to 14.48 grams per tonne [6]. - Gold recovery rate was 77.17%, showing no significant change from the previous quarter, but down 7% year-over-year [6]. - Silver recovery rate decreased by 10% to 49.30% compared to the previous quarter [6]. Operational Challenges - The company faced two main issues affecting production: clay in the ore leading to a "preg-robbing" effect and carbon fines absorbing gold and silver during processing [2]. - To mitigate these issues, the company optimized the CIL plant and installed two filter presses to improve recovery rates [3][4]. Future Improvements - The company is implementing a full separation of processing circuits and installing a cyanide destruction module to enhance processing efficiency and reduce contamination [4]. - The restart of processing stockpiled carbonaceous ore is expected to occur within the month [4]. Strategic Focus - The company aims to utilize multiple ore sources with different processing methods to maintain profitable production levels [5]. - Starcore is engaged in precious metals production, primarily in Mexico, and is expanding its international reach with projects in Côte d'Ivoire [7].