Recorded on February 2, 2026
TSX: SAM
Frankfurt: V4JA
In this Natural Resource Stocks company interview, Steve Yang sits down with Robert Eadie, President and CEO of Starcore International Mines Ltd, to break down a shareholder focused corporate reorganization, a potential dividend style capital return, and what Starcore is targeting next at its Mexico production base. Eadie explains how the company positions itself as debt free with no hedges and no royalty streams, why that matters in volatile tape, and how management thinks about protecting shareholders while still funding growth. They also cover production realities at San Martin, what caused recent operational issues, and what Starcore believes the path looks like to materially higher monthly output. This conversation is sponsor disclosed and is intended for informational purposes only. #Millettian
GUEST LINKS AND VERIFIED SOCIALS
Starcore International Mines Ltd website: https://starcore.com
Starcore investors page: https://starcore.com/en/investors/stock-information/
HOST LINKS AND VERIFIED SOCIALS
Natural Resource Stocks main YouTube: https://www.youtube.com/@naturalresourcestocks
Natural Resource Stocks clips YouTube: https://www.youtube.com/@NaturalResoureStocksClips
Natural Resource Stocks website: https://naturalresourcestocks.net
Steve Yang X: https://x.com/SteveYangStocks
Steve Yang LinkedIn: https://www.linkedin.com/in/steveyangstocks/
Andy Millette LinkedIn: https://www.linkedin.com/in/andymillette/
SPONSORS AND DISCLOSURES
Starcore is a sponsor of Natural Resource Stocks.
Steve Yang discloses he and his family are shareholders of Starcore.
KEY TOPICS AND TAKEAWAYS
How the reorganization is structured and why management is doing it now
What a dividend style capital return could look like for shareholders
Why Starcore emphasizes debt free operations with no hedges and no royalty streams
San Martin Mexico production levels and what caused recent processing issues
The role of oxide feed, carbon based processing, and La Tortilla in the revenue plan
The stated 24 month target to scale output materially higher per month
Share structure, capital strategy, and why management says dilution is not the plan
How management frames Mexico operating risk and underground mine economics
CHAPTERS
00:00:00 Reorg and capital return plan
00:00:28 Debt free, no hedges, no royalties
00:00:47 2000 oz per month target
00:01:14 Intro and Starcore overview
00:01:59 Ticker, website, sponsor disclosure
00:03:09 Reorg press release explained
00:04:07 How the dividend share works
00:05:39 Côte d’Ivoire assets and partners
00:06:45 San Martin production challenges and recovery
00:08:04 Gold volatility and junior valuations
00:09:25 Three revenue streams and cash flow plan
00:10:49 Share structure and avoiding dilution
00:12:00 Insider ownership and Europe base
00:15:03 Priorities for cash flow and reinvestment
00:20:11 How to reach Starcore
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