STARCORE ANNOUNCES Fourth Quarter Production Results
Suite 750 – 580 Hornby Street, Box 113, Vancouver, British Columbia, Canada V6C 3B6
Telephone: (604) 602-4935 Fax: (604) 602-4936 e-mail: [email protected] website: www.starcore.com
May 13, 2025 TSX: SAM
FSE:V4JA
NOT FOR DISTRIBUTION IN THE UNITED STATES
STARCORE ANNOUNCES
Fourth Quarter Production Results
Vancouver, B.C. – Starcore International Mines Ltd . (TSX: SAM) (“ Starcore” or the “ Company”)
announces production results for the fourth fiscal quarter ended April 2025, at its San Martin Mine (“San
Martin”) in Queretaro, Mexico.
This quarter, Starcore achieved a significant milestone in commissioning the new processing circuit, including
the ADR plant, for carbonaceous ore treatment. To date, the plant has milled 5,000 tonnes of stockpiled ore
grading 2.1 g/t of gold and 26 g/t of silver in the start-up phase. Recoveries were 80% for gold and 76% for
silver, as expected based on metallurgical investigations, with a Doré production of 180 gold equivalent
ounces. The mine has ramped up development and mining activity as planned, producing 140 tonnes per day
of carbonaceous ore, and we have engaged a contractor for the necessary additional works.
Other operations continue as normal, exploring and developing a new area in the southern part of the mine,
where the San Martín mine began 30 years ago as an open-pit operation and are now focused on the depths of
that area called the San José mine.
“We are very excited about the success of the new carbonaceous ore process, as it represents an extension of
the mine life,” stated Salvador García, the Company’s Chief Operating Officer. “This paves the way for
continuing to explore the great potential we have at San Martín, in oxides and carbonaceous ore.”
9 Month YTD
San Martin Production Q4 2025 Q3 2025 Q/Q Change 2025 2024 Y/Y Change
Ore Milled (Tonnes) 53,398 46,730 14% 197,880 224,307 -12%
Gold Equivalent Ounces 2,342 2,268 3% 8,916 10,094 -12%
Gold Grade (Grams/Ton) 1.57 1.74 -10% 1.58 1.50 5%
Silver Grade (Grams/Ton) 15.77 11.08 42% 14.27 15.82 -10%
Gold Recovery (%) 81.72 82.44 -1% 83.09 87.0 -4%
Silver Recovery (%) 56.63 49.10 15% 53.02 50.93 4%
Gold: Silver Ratio 92.97 87.30 82.62 83.80
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Salvador Garcia, B. Eng., a director of the Company and Chief Operating Officer, is the Company’s qualified
person on the project as required under NI 43- 101and has prepared the technical information contained in this
press release.
About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico.
While this base of producing assets is complemented by exploration and development projects throughout North
America, Starcore has expanded its reach internationally with the project in Côte d’Ivoire. The Company is a
leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term
shareholder value. You can find more information on the investor friendly website here: www.starcore.com.
ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD
Signed “Robert Eadie”
Robert Eadie, Chief Executive Officer
FOR FURTHER INFORMATION PLEASE CONTACT:
ROBERT EADIE
Telephone: (604) 602-4935
X
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for the adequacy or accuracy of this press release.
This news release contains “forward-looking” statements and information (“forward- looking statements”). All statements,
other than statements of historical facts, included herein, including, without limitation, management’s expectations and the
potential of the Company’s projects, are forward-looking statements. Forward- looking statements are based on the beliefs
of Company management, as well as assumptions made by and information currently available to Company’s management
and reflect the beliefs, opinions, and projections on the date the statements are made. Forward- looking statements involve
various risks and uncertainties and accordingly, readers are advised not to place undue reliance on forward- looking
statements. There can be no assurance that such s tatements will prove to be accurate, and actual results and future events
could differ materially from those anticipated in such statements. The Company assumes no obligation to update forward‐
looking statements or beliefs, opinions, projections or other factors, except as required by law.