Starcore Reports Third Quarter Production Results

Core Insights - Starcore International Mines Ltd. reported significant improvements in production at its San Martin Mine for the third fiscal quarter ended January 2026, following the resolution of preg-robbing issues [2][5] - The company successfully extended high-grade ore bodies in the northern part of the operation, with new mining yielding approximately 5 grams of gold and 80 grams of silver per ton [3] - Preparations for a new survey in the northern concession area are underway, focusing on anomalies identified in previous geophysical studies [4] Production Results - Ore milled increased by 1% quarter-over-quarter to 52,609 tonnes, and year-to-date production rose by 10% to 158,816 tonnes [6] - Gold equivalent ounces produced were 2,162, marking a 16% increase from the previous quarter, although year-over-year production decreased by 6% [6] - Gold grade remained stable at 1.33 grams per ton, while silver grade improved by 26% to 18.29 grams per ton compared to the previous quarter [6] - Gold recovery rates increased by 11% to 85.72%, while silver recovery rates decreased by 6% to 46.37% [6] Strategic Focus - The company aims to concentrate on higher-grade extensions to enhance metal production and profitability, aligning with its guiding principle of maximizing shareholder value [5] - The ongoing exploration and mining efforts are expected to contribute positively to the company's production and financial performance in the upcoming quarters [3][4]