Recorded on March 12 2026
TSX: SAM
Steve Yang sits down with Robert Eadie of Starcore International Mines Ltd. to break down how the company has repositioned itself after spinning out its African assets and why management believes the market is still not fully reflecting the value of its Mexican production base. Eadie explains how the return of capital was structured for shareholders, why Starcore is now focused on oxide material, carbonaceous material, and La Tortilla, and how the company sees a path to more than 160 million in annual revenue over the next 18 to 24 months. The interview also gets into permitting in Mexico, community engagement, water purification support, operational leverage at San Martin, and why Starcore says it does not currently need to raise more money. Robert walks through the company’s share structure, insider alignment, management depth, valuation disconnect, and why he believes Starcore still has meaningful upside from both production and exploration. If you follow gold and silver producers in Mexico, cash-flowing mining companies, or junior miners trying to grow without destroying the cap table, this interview covers the exact issues investors want management to address directly. Like, subscribe, and ring the bell. #Millettian
Key topics
African asset spinout and return of capital to shareholders
Mexico-only focus after the restructuring
Three revenue streams tied to oxide, carbonaceous material, and La Tortilla
Community approval and permitting progress
Water purification support and local engagement
San Martin scale, operating leverage, and production outlook
Path to more than 160 million in annual revenue
No immediate need for new cash
Share structure and dilution discipline
Valuation disconnect and peer comparison
Management depth, insider alignment, and long operating history
Guest or company links
https://starcore.com/
https://starcore.com/en/investors
https://starcore.com/en/about-us/management-directors
Host Steve Yang
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Chapters
0:00 Cold open shareholder return and revenue thesis
1:31 Interview begins
1:55 African asset spinout and new focus
2:19 Return of capital to shareholders
3:12 Why Mexico is now the focus
4:02 Three revenue streams explained
4:28 Community approval and permitting
4:47 Water purification support
5:25 Worker health and nutrition
8:01 Permit timeline and trucking plan
9:19 San Martin overview
10:22 Path to 160 million in revenue
11:14 Cash position and share structure
12:17 Valuation disconnect
13:22 Investor base and institutions
14:00 Insider ownership
15:51 Management team and track record
18:13 Grade profile and upside
19:45 Shareholder responsibility
20:11 Steve’s disclosure
20:44 Where to follow Starcore
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