TSX SAM, FSE V4JA
Recorded on November 19 2025.
Starcore International Mines Ltd is a Canadian gold and silver producer focused on its long running San Martin underground mine in Queretaro Mexico with new growth coming from the Tortilla Project a historical silver mine being restarted under a 10 year lease. In this Natural Resource Stocks interview CEO and President Robert Eadie joins host Steve Yang to explain how a 12 year mine life has become a multi decade production story and why he believes Starcore remains under the radar for many investors. #Millettian
Robert walks through how San Martin’s dry stacked tailings and recently upgraded processing circuit support a much longer operating life with no conventional tailings dam and a tight physical footprint. He explains how the Tortilla Project near the historic San Juan Nepomuceno workings can feed high grade silver ore into the existing San Martin plant with sampling around 500 grams per tonne silver and metallurgical testing that confirms strong recoveries using a modern CIL flow sheet.
The discussion covers Starcore’s oversubscribed 5 million Canadian dollar private placement in 2025 the company’s lean share structure and how management is trying to create torque to gold and silver prices while avoiding heavy debt or endless dilution. Robert and Steve also touch on exploration and optionality through projects in Côte d’Ivoire and Canada where Starcore is building a pipeline beyond San Martin and Tortilla.
If you want a detailed look at how a small producer can combine established infrastructure with new high grade feed and a disciplined balance sheet this conversation gives you a granular view of how Starcore’s team is positioning the company for a potential gold and silver breakout.
Learn more about Starcore International Mines
Website https://www.starcore.com
Host – Steve Yang Natural Resource Stocks
Website https://www.NaturalResourceStocks.net
YouTube main channel https://www.youtube.com/@naturalresourcestocks
YouTube clips channel https://www.youtube.com/@NaturalResoureStocksClips
X https://x.com/TheSteveYang
LinkedIn https://www.linkedin.com/in/thesteveyang/
Chapters
00:00 San Martin overview and Starcore’s history in Mexico
02:30 Dry stacked tailings and ESG advantages at San Martin
05:00 How drilling and new modeling extended San Martin mine life
07:10 Why worst case mine life is now forty five years
09:30 Introducing the Tortilla silver project and mine history
11:15 Grades recoveries and first material from Tortilla to San Martin
13:30 Share count financing and capital structure after the 5 million raise
16:00 Growth pipeline in Côte d’Ivoire and Canada
18:30 How management thinks about risk and upside for shareholders
20:30 Final thoughts from Robert and closing comments
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