Image source: © 2025 Krish Capital Pty.Ltd

Highlights

  • Gold and silver sales reached CA$ 8.7 million during the first quarter of 2025.
  • Q1 EBITDA recorded at CA$ 1.3 million, reflecting operational cost pressures.
  • Equivalent gold production totaled 2,130 ounces, with mine costs at US$2,499/EqOz.

Starcore International Mines Ltd. (TSX: SAM) has released its financial results for the first quarter ended July 31, 2025, covering its mining operations in Queretaro, Mexico. The detailed Financial Statements and Management’s Discussion and Analysis are available on Starcore’s website and SEDAR+. All financial information is presented in accordance with IFRS, with amounts expressed in thousands of Canadian dollars unless specified otherwise.

“Although we faced some operational and recovery challenges this quarter, we are confident that the adjustments we've made have resolved the issues, and production will continue as projected,” said Robert Eadie, CEO of the Company.

Financial Performance
During Q1 2025, Starcore recorded cash on hand of CA$ 0.9 million and working capital of CA$ 1.6 million. Gold and silver sales amounted to CA$ 8.7 million, while income from mining operations reached CA$ 1.9 million. Net income for the period stood at CA$ 0.9 million, equivalent to CA$ 0.01 per share, with EBITDA reported at CA$ 1.3 million.

Operational Metrics
The company reported equivalent gold production of 2,130 ounces during the quarter. Mine operating cash costs were US$2,499 per equivalent ounce, while all-in sustaining costs (AISC) amounted to US$3,081 per equivalent ounce. These figures reflect adjustments made to improve recovery rates and streamline operations after the challenges faced earlier in the period.

About Starcore
Starcore International Mines focuses on precious metals production with primary operations in Mexico. Its producing assets are supported by exploration and development projects across North America, as well as an international project in Côte d’Ivoire. The company emphasises corporate social responsibility, aiming to create long-term shareholder value through careful, value-driven decision-making.

Starcore continues to monitor operational efficiency while maintaining its strategic focus on sustainable production and growth. The company remains transparent with investors, providing quarterly updates that detail both financial outcomes and operational performance.