STARCORE Reports First Quarter Production Results
Original announcement by tmx on
- Company
- Starcore International Mines Ltd.
- Ticker
- SAM
- Exchange
- TSX
- Region
- Queretaro, Mexico
- Primary commodity
- Gold
- Secondary commodities
- Silver
- Document categories
- Production, Metallurgy
- Extracted
- 2026-09-12 22:28:38 UTC
Analysis by Minestarters Atlas
Minestarters Atlas analysis
Summary
Starcore International Mines reported Q1 2027 production results for the San Martin Mine in Mexico, highlighting a progressive increase in production from its new carbonaceous ore circuit. While ore tonnage and gold grade saw slight year-over-year declines, gold and silver recoveries both improved significantly compared to the same period last year.
Reasoning: The company reports steady production with improving metallurgical recoveries and the establishment of a new carbonaceous ore circuit, alongside new exploration targets.
Positive factors
- progressive increase in ounces produced from carbonaceous ore process
- improved gold recovery (85.49% vs 77.42% Y/Y)
- improved silver recovery (58.12% vs 54.78% Y/Y)
- new exploration phase initiated based on geophysical anomalies
Negative factors
- slight decrease in ore milled tonnage Y/Y
- slight decrease in gold grade Y/Y
Facts used in scoring: 4
Classification and evidence
QA/QC Disclosedpositive · Story-specific tag
Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods (blanks, standards, duplicates).
Why it applies: The release names Salvador Garcia, B. Eng. as the Qualified Person (QP) for the technical information.
Evidence · text
“Salvador Garcia, B. Eng., a director of the Company and Chief Operating Officer, is the Company's qualified person on the project”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: the document describes a mill_cil route ("CIL")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 2. Some facts used in scoring do not have a stored record.
Metallurgical Results (2)
Fact 1San Martin · goldRecovery: 74.11 %Head Grade: 2.62Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- San Martin
- Commodity
- gold
- Region
- mexico
- Reported Region
- Queretaro, Mexico
- Ticker
- SAM
Test Work
- Sample
- carbonaceous ore process
Recovery
- Recovery
- 74.11 %
- Head Grade
- 2.62
- Head Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Specific recovery and grade reported for the new carbonaceous ore circuit.
Positive factors
- newly established integrated process for carbonaceous ore
Negative factors
- recovery (74.11%) is lower than the overall mine average (85.49%)
Evidence · text
“grades of 2.62 g/t gold and 20.65 g/t silver, and recovery rates of 74.11% for gold”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 74.11% is below the weak band (80%)
Fact 2San Martin · silverRecovery: 68.58 %Head Grade: 20.65Head Grade Unit: g/tView all detailsHide details
Identity
- Project
- San Martin
- Commodity
- silver
- Region
- mexico
- Reported Region
- Queretaro, Mexico
- Ticker
- SAM
Test Work
- Sample
- carbonaceous ore process
Recovery
- Recovery
- 68.58 %
- Head Grade
- 20.65
- Head Grade Unit
- g/t
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-08-17T00:00:00.000Z
Reasoning: Specific recovery and grade reported for the new carbonaceous ore circuit.
Positive factors
- newly established integrated process for carbonaceous ore
Evidence · text
“20.65 g/t silver, and recovery rates of 74.11% for gold and 68.58% for silver”
Tags used in scoring
Low Recoverynegative
Recovery below the weak band for the commodity and processing route.
Why it applies: 68.58% is below the weak band (75%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.