# STARCORE Reports First Quarter Production Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/starcore-reports-first-quarter-production-results--1c870c23-4f9a-4658-88f4-e382c02667f2 Original source: https://money.tmx.com/en/quote/SAM/news/8500000348721029/starcore-reports-first-quarter-production-results Publisher: tmx Original announcement: 2026-08-17T06:30:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - 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 Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas 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 factor: progressive increase in ounces produced from carbonaceous ore process - Positive factor: improved gold recovery \(85.49% vs 77.42% Y/Y\) - Positive factor: improved silver recovery \(58.12% vs 54.78% Y/Y\) - Positive factor: new exploration phase initiated based on geophysical anomalies - Negative factor: slight decrease in ore milled tonnage Y/Y - Negative factor: slight decrease in gold grade Y/Y Facts used in scoring: 4 ## Classification and evidence **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: 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 Route** Polarity: neutral Definition: Processing via mill or concentrator \(CIL, CIP, tank leach, flotation\). Why it applies: the document describes a mill\_cil route \("CIL"\) **Single Domain Only** Polarity: negative Definition: 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 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/starcore-reports-first-quarter-production-results--1c870c23-4f9a-4658-88f4-e382c02667f2#fact-metallurgical-facts-0) San Martin · gold #### 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 factor: newly established integrated process for carbonaceous ore - Negative factor: 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 Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: 74.11% is below the weak band \(80%\) ### Fact 2 [Link to this fact](https://atlas-extractions.minestarters.com/news/starcore-reports-first-quarter-production-results--1c870c23-4f9a-4658-88f4-e382c02667f2#fact-metallurgical-facts-1) San Martin · silver #### 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 factor: 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 Recovery** Polarity: negative Definition: 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.