202614 releases
Starcore Announces Results of Annual General Meeting
Starcore International Mines reported results of its annual general meeting held October 23, 2026, at which 19.28% of eligible shareholders were present. Shareholders elected all six management-nominated directors, with votes for ranging from 97.81% to 99.34%, and approved all other matters with over 96% support, including the appointment of Baker Tilly WM LLP as auditors and a Stock Option Plan.
CorporateStarcore Identifies Four Priority Geophysical Exploration Targets at San Martin and Makes Progress on the Structural Model to Define Drilling Targets
Four priority exploration targets — Anomalies I through IV — have been identified at the San Martin Mine in Querétaro, Mexico, from a 2026 airborne MobileMT electromagnetic and magnetic survey, a ground IP/resistivity survey, and reprocessed historical data. Anomaly I is slated for roughly eight diamond drill holes totalling about 4,200 metres, and Anomaly IV for a 2,500-metre program, with drilling at both beginning in mid-October 2026. Anomalies II (about 2 km) and III (700 m by 1,000 m) require further interpretation.
Drill resultsStarcore Reports Q1 Results
Results for the first quarter ended July 31, 2026 show gold and silver sales of $10.5 million, income from mining operations of $2.2 million, and net income of $3.1 million, or $0.03 per share, with EBITDA of $3.7 million and an EBITDA margin of 35.1%. Cash on hand was $8.0 million with working capital of $11.3 million. Production at the San Martin mine in Queretaro, Mexico totalled 2,008 equivalent gold ounces at mine operating cash costs of US$3,180/EqOz and AISC of US$3,940/EqOz.
CorporateSTARCORE Reports First Quarter Production Results
First fiscal quarter 2027 production results for the San Martin Mine in Queretaro, Mexico, covering the quarter ended July 2026 reflect preparations to exploit the previously reported Manto ore deposit and increased ounces from carbonaceous ore processing through a separate circuit of crushing, grinding, CIL and ADR stages with cyanide neutralization. This month a steady grinding rate of 100 tons per day was achieved at grades of 2.62 g/t gold and 20.65 g/t silver, with recoveries of 74.11% gold and 68.58% silver. Following geophysical studies over the 13,000-hectare concession, exploration targets have been set and reverse circulation and diamond drilling contracts are being tendered.
CorporateStarcore Reports Year End 2026 Results
Results for the year ended April 30, 2026 show gold and silver sales of $44.3 million, income from mining operations of $13.6 million for the year and $3.2 million in the fourth quarter, and income of $7.0 million, or $0.08 per share, with EBITDA of $7.5 million. Cash on hand was $12.3 million and working capital $9.7 million. Equivalent gold production at the San Martin mine in Queretaro, Mexico totalled 7,874 ounces for the year, with all-in sustaining costs of US$3,698/EqOz.
CorporateStarcore Starts Trading on OTCQX
Trading on the OTCQX Best Market began today under the symbol SHVLF, following Starcore's qualification for the market. The company remains listed on the Toronto Stock Exchange under SAM, and as a company listed on a qualified international exchange it may use home market reporting to make information available in the U.S. Starcore's producing assets are the San Martin gold mine and the La Tortilla silver mine in Querétaro, Mexico.
CorporateStarcore Reaches Communities Agreement for La Tortilla Project
An agreement with the El Doctor Agrarian Community in Cadereyta de Montes, Querétaro, Mexico grants Starcore's wholly-owned subsidiary Compañía Minera Peña de Bernal the social license to operate the La Tortilla Project. The agreement runs for the same 10-year period as the La Tortilla lease with the concession owner, with a renewal option, and permits use of the access road passing through the communities. It also includes the future possibility of community members transporting ore from La Tortilla to the San Martín processing plant.
CorporateSTARCORE Reports Fourth Quarter Production Results
Lower grades and tonnage were processed in the fourth fiscal quarter ended April 2026 at the San Martin Mine in Querétaro, Mexico, as high-grade Manto reserves were found between a fault and very soft material, making mining difficult and subject to higher dilution; a new high-grade ore body was reached by quarter end. Carbonaceous ore averaged 3 g/t gold and 25 g/t silver at approximately 80% recovery, with milling reaching 100 tons per day. MT (91.5 km²) and IP (5.2 km²) survey results are expected by end of May.
CorporateStarcore Announces Airborne MobileMT Geophysical Survey at San Martin Mine, Queretaro, Mexico
An airborne Mobile Magnetotelluric (MobileMT) survey has begun over the San Martin mining concessions in Querétaro State, Mexico, with Expert Geophysics Surveys Inc. retained to acquire approximately 711 line-kilometres of helicopter-supported data covering about 99.13 square kilometres. Survey parameters include 150 metre line spacing, 1,500 metre tie-line spacing, 50–60 metre sensor clearance and investigation depth to about 2 kilometres. Data acquisition is expected within approximately one week, with final processed products anticipated about eight weeks after completion.
Drill resultsStarcore Accepts Offer on its Ajax Property
Starcore's board has accepted an offer from private company Korestar Exploration Inc. to acquire its 100%-owned Ajax Property, located 12 km north of Alice Arm in northwestern British Columbia. Terms include 2.5 million Korestar shares, a Cdn$100,000 payment within 180 days of signing a mineral property purchase agreement, Cdn$100,000 work commitments within 18 and 36 months, and a 2.5% NSR with a buy-back option on 1.5% for Cdn$1 million. Directors Robert Eadie and Gary Arca, Korestar shareholders, abstained from voting, and the Company also formed an Advisory Committee chaired by Silvia Muzi.
AcquisitionStarcore Completes Spin-out of Interests in Côte d’Ivoire
The Plan of Arrangement spinning out Starcore's Côte d'Ivoire mineral property interests to EU Gold Mines Inc. has closed, with shareholders of record on February 6, 2026 receiving one EU Gold common share for every two Starcore shares; the distribution's fair value was set at $0.05 per EU Gold share as a return of capital. EU Gold is not yet exchange-listed but intends to seek a CSE or TSXV listing. Starcore and Spam S.R.L. will each lend EU Gold Cdn$500,000 for two years at 5% simple interest, secured against EU Gold's Ivorian property interests. Tanya Lutzke was re-appointed as a director, Audit Committee member and Corporate Secretary.
AcquisitionStarcore Reports Q3 Results
Third quarter results for the period ended January 31, 2026 include gold and silver sales of $13.5 million, earnings from mining operations of $6.2 million and income of $1.3 million, or $0.01 per share, with cash and cash equivalents of $12.4 million. EBITDA was $4.0 million for the nine months ended January 31, 2026. Equivalent gold production at the San Martin mine in Queretaro, Mexico was 2,162 ounces at a mine operating cash cost of US$2,394/EqOz, with nine-month all-in sustaining costs of US$3,554/EqOz.
CorporateSTARCORE Reports Third Quarter Production Results
Production at the San Martin Mine in Queretaro, Mexico improved in the third fiscal quarter ended January 2026 after previously reported preg-robbing issues were resolved, with gold recoveries returning to normal, silver grades improving, and output meeting budgeted targets in the final two months. Exploration over the past six months extended high-grade ore bodies in the northern part of the operation, and mining has begun on extensions grading approximately 5 grams of gold and 80 grams of silver per ton. A new geophysical survey is planned next quarter.
CorporateStarcore Closes Spin-Out of African Properties for issue of Capital Dividend
The Supreme Court of British Columbia has issued the Final Order approving the Plan of Arrangement spinning out Starcore's African mineral property assets to wholly-owned subsidiary EU Gold Mining Inc., effective February 6, 2026. Shareholders of record on February 6, 2026 will receive one EU Gold common share for every two Starcore shares as a return of capital, with distribution expected on or about March 5, 2026. Starcore shares begin trading ex-distribution on the TSX on February 6, 2026, and Starcore will focus on its San Martin gold and La Tortilla silver mines in Queretaro, Mexico.
Acquisition
202523 releases
Starcore Reports Q2 Results
Results for the second quarter ended October 31, 2025 showed gold and silver sales of $10.7 million, income from mining operations of $2.4 million and a loss of $0.7 million, or ($0.01) per share, with cash on hand of $9.8 million and working capital of $7.0 million. Equivalent gold production at the San Martin mine in Queretaro, Mexico was 1,860 ounces at a mine operating cash cost of US$2,625/EqOz. EBITDA was $1.7 million and all-in sustaining costs US$3,537/EqOz for the six months.
CorporateSTARCORE Reports Second Quarter Production Results
Metal production at the San Martin Mine in Queretaro, Mexico fell again in the fiscal quarter ended October 2025, due to clay in the ore causing a preg-robbing effect that trapped gold and activated carbon fines in the pulp sent to the ADR process absorbing gold and silver, both lowering recovery. Starcore optimized the CIL plant, installed two filter presses, is separating the two processing circuits and installing a cyanide destruction module. Processing of stockpiled carbonaceous ore is expected to restart this month.
CorporateStarcore Closes Private Placement
A non-brokered private placement closed for $5,000,000 in gross proceeds through 20,000,000 units at $0.25 per unit, each unit comprising one common share and one-half warrant exercisable at $0.35 for two years, subject to acceleration if shares close at $0.50 or more for 10 consecutive trading days. Finders' fees of $92,099.79 and 368,399 finders' warrants expiring in one year were paid. Securities carry a four-month-plus-one-day hold; 89,863,517 common shares are now outstanding.
FinancingStarcore Announces Results of Annual General Meeting
Shareholders at Starcore International Mines' annual general meeting held October 24, 2025, with 48.75% of shareholders entitled to vote present, elected all management-nominated directors and approved all other matters with over 96% support. Approved items included the appointment of Baker Tilly WM LLP as auditors, a Plan of Arrangement covering the spin-out of the Company's mineral property interests in Côte d'Ivoire, and a private placement to raise up to $5,000,000 through up to 20 million units at $0.25 per unit. The Board subsequently appointed Robert Eadie as President and CEO, Salvador Garcia as COO, Gary Arca as CFO and Cynthia Avelino as Corporate Secretary.
CorporateStarcore Finalizes Silver Mine Lease
A ten-year lease on the San Juan Nepomuceno (Tortilla) Project in Queretaro, Mexico, covering six mineral claims and concessions plus land with a past-producing silver mine, was finalized October 9, 2025 for MX$5,000,000 (approx. US$268,500), with MX$2,000,000 paid on signing and six monthly payments of MX$500,000 from November 9, 2025 to April 9, 2026, plus a 2% NSR. Sampling averaged 424 g/t silver and 0.51 g/t gold over 1.45 m in oxides and 973 g/t silver and 0.43 g/t gold over 2.80 m in sulfides; flotation tests recovered 91.49% silver and 48.25% gold.
NewsStarcore Reports Q1 Results
CorporateStarcore’s Corporate Recap
CorporateStarcore Reports Q3 Results
Corporate
202415 releases
Starcore Buys Back Shares
CorporateStarcore Upgrades Safety Protocols
Corporate