TSX: SAM | OTC: SHVLF | FRA: V4JA
Recorded on January 20, 2026.
Starcore International Mines Ltd is a gold and silver producer operating the San Martin underground mine in central Mexico, with a working mill and an active production footprint. In this sit-down, Starcore CEO Robert Eadie explains how the company thinks about operating leverage in a strong metals tape, why a clean capital structure matters, and how the La Tortilla historic silver mine could become a practical near-term growth lever by using existing infrastructure.
Key topics covered
San Martin production profile and mill capacity
Clean structure: no NSR, no debt, no forward sales
La Tortilla project: grades, proximity, and the permitting path
Mexico mining realities: what is changing and what is not
Capital allocation: buybacks, dividends, and shareholder returns
Company links
Website: https://starcore.com
Investors: https://starcore.com/en/investors/
Management bio: https://starcore.com/en/about-us/management-directors/
Host — Steve Yang | Natural Resource Stocks
Website: https://www.NaturalResourceStocks.net
YouTube Main: https://www.youtube.com/@NaturalResourceStocks
YouTube Clips: https://www.youtube.com/@NaturalResoureStocksClips
LinkedIn: https://www.linkedin.com/in/thesteveyang/
Chapters
00:00 Intro and tickers
00:01 San Martin mine snapshot and mill throughput
00:02 No NSR, no debt, no forward sales
00:02 La Tortilla grades and why San Martin matters
00:10 La Tortilla permitting and community process
00:12 Bulk samples and a production timeline
00:25 Mexico mining risk: regulation vs capital
00:29 Buybacks, dividends, and market cap logic
00:31 Wrap up
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