Starcore International Mines Ltd. has announced its financial results for the first quarter ended July 31, 2026, highlighting a net income of $0.03 per share and continued operational improvements at its mining operations in Queretaro, Mexico.
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Highlights
- Net income of $3.1 million, or $0.03 per share.
- Gold and silver sales totaled $10.5 million.
- Income from mining operations reached $2.2 million.
- EBITDA for the quarter was $3.7 million, with an EBITDA margin of 35.1%.
- Cash on hand stood at $8.0 million with a working capital of $11.3 million.
The company reported equivalent gold production of 2,008 ounces with mine operating cash costs of US$3,180 per equivalent ounce. Starcore’s operations have shown improvement in both production and financial metrics, attributed to enhanced carbon ore processing and successful development of new ore zones.
Starcore International Mines, known for its focus on precious metals production in Mexico, operates the San Martin gold mine and the La Tortilla silver mine. The company emphasizes corporate social responsibility and aims to enhance long-term shareholder value.
Readers can download the full press release from the company’s website or SEDAR+ for more detailed information.
Starcore International Mines Ltd – full press release (PDF) | Starcore International Mines Ltd – press release, original DOCX file
