Recorded on September 8 2026 at NRS Studios
TSX: SAM
OTCQX: SHVLF
Steve Yang interviews Robert Eadie, President, CEO and a Director of Starcore International Mines Ltd., about how an established Mexican gold-and-silver producer is working to build three revenue streams from one operating platform.
The conversation centers on the San Martin Mine in Querétaro, regular ore production, the newer carbonaceous ore circuit and the La Tortilla silver project. Eadie explains the plant upgrades, how the processing streams are intended to work together, and why existing personnel, equipment and infrastructure can benefit a new drill program.
For the year ended April 30 2026, Starcore reported C$12.3 million in cash, C$9.7 million in working capital, C$44.3 million in gold-and-silver sales and C$13.6 million in income from mining operations. Its investor materials describe the company as debt free. The interview also covers airborne geophysics, target selection and why drilling remains the final test.
Eadie also discusses mine-life replacement, production goals, reinvestment and the Toiyabe, Ajax and El Creston assets. His forward-looking comments are management goals and opinions, not guaranteed outcomes.
For full disclosure, Steve states that he is an investor, several members of Natural Resource Stocks are investors, and Starcore is an NRS sponsor.
Key Topics:
• Starcore’s three-revenue-stream strategy
• San Martin gold and silver production
• Carbonaceous ore processing and plant upgrades
• La Tortilla permitting and development
• Debt-free balance sheet and capital allocation
• Airborne geophysics and new drill targets
• Mine-life replacement and production goals
• Toiyabe, Ajax and El Creston optionality
• Valuation, catalysts and execution risks
Official Starcore International Mines Ltd. Links:
Website: https://starcore.com/
Investor Centre: https://starcore.com/investors-overview/
San Martin Mine: https://starcore.com/projects/producing/san-martin/
Projects and La Tortilla: https://starcore.com/projects/exploration-projects/
Robert Eadie:
Company Profile: https://starcore.com/?team=robert-eadie
LinkedIn: https://ca.linkedin.com/in/robert-eadie-a9322795
Steve Yang — Natural Resource Stocks:
Website: https://naturalresourcestocks.net/
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YouTube World: https://www.youtube.com/@NaturalResoureStocksWorld
X: https://x.com/JustSteveYang
LinkedIn: https://www.linkedin.com/in/thesteveyang/
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Chapters:
00:00 Three Revenue Streams 00:49 Starcore Overview and Tickers 01:57 San Martin and La Tortilla 02:42 Debt-Free Balance Sheet 04:20 San Martin Exploration Scale 06:19 Exploration Strategy 08:46 Mexico Mining Environment 09:17 Upcoming Exploration Milestones 10:25 Operating-Mine Infrastructure 12:03 Geophysics and Geological AI 14:29 Extending San Martin Mine Life 15:12 Growth Benchmarks 16:24 Plant Expansion and Revenue Streams 17:27 Production and Drilling Goals 18:27 Valuation and Comparable Producers 19:20 Unrecognized Exploration Value 19:52 Toiyabe, Ajax and El Creston 21:17 News and Reinvestment Priorities 22:22 Patience Through the Resource Cycle 23:29 Website, Tickers and Disclosure
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