STARCORE ANNOUNCES Third 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
February 19, 2025 TSX: SAM
FSE:V4JA
NOT FOR DISTRIBUTION IN THE UNITED STATES
STARCORE ANNOUNCES
Third Quarter Production Results
Vancouver, B.C. – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or “the Company”)
announces production results for the third fiscal quarter ended January 2025 at its San Martin Mine
(“San Martin”) in Queretaro, Mexico.
The mine operations were back to normal operations for the full quarter as compared to the previous
quarter where we experienced a two-month suspension of mine operations, resulting in the processing
of low-grade stockpiled ore. Our grades and recoveries have returned to normal levels as we produced
2,268 Equivalent ounces of gold, compared to only 1,466 in the previous quarter. We expect results
to improve over the next quarters, due to mining of oxide ore coupled with the expected recovery of
gold and silver from the carbonaceous ore which is completing testing, amounting to expected
reserves of an additional 1 million tonnes with an average grade of 3.1 grams of gold and 20 grams
of silver per tonne.
“We are excited with the return to full operations and with the addition of the carbonaceous ore which
will begin in the next quarter.” stated Salvador Garcia, the Company’s Chief Operating Officer .
“These developments represent an increased mine life and open the landscape to continue exploring
the great potential we have at San Martin.”
3 Month YTD
San Martin Production Q3 2025 Q2 2025 Q/Q Change 2025 2024 Y/Y Change
Ore Milled (Tonnes) 46,730 48,248 -3% 144,482 168,454 -14%
Gold Equivalent Ounces 2,268 1,466 55% 6,574 6,852 -4%
Gold Grade (Grams/Ton) 1.74 1.10 58% 1.59 1.37 16%
Silver Grade (Grams/Ton) 11.08 9.81 13 % 13.72 14.56 -6%
- 2 -
Gold Recovery (%) 82.44 80.25 3% 83.09 86.27 -4%
Silver Recovery (%) 49.10 49.16 -0% 53.02 48.28 10%
Gold: Silver Ratio 87.30 85.16 82.62 83.80
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 Comp any’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 pro jections 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 statements 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.