Starcore Hits 100 Tons Daily Processing Target at San Martin Mine

what happened

Starcore International Mines Ltd. has published production results for its fiscal second quarter of 2027, which ended on October 30, 2026. The announcement, distributed by Newsfile Corp., covers the San Martin Mine in Queretaro, Mexico. The company says the main step forward was refining its carbonaceous ore processing circuit, which now handles the 100 tons per day it targeted. Average grades ran at 3 g/t gold and 20 g/t silver, with recoveries of 80% on gold and 70% on silver.

In the last month of the period, the mill handled 2,564 dry tons at 4.82 g/t gold and 25.3 g/t silver. Recoveries were 80.7% for gold and 74.2% for silver, producing 170 ounces of gold equivalent, while another 120 ounces remained in process. Separately, the company granted 7,900,000 incentive stock options to directors, officers, employees and consultants at $0.30 per share, exercisable for five years and subject to Toronto Stock Exchange requirements.

why it matters

The report is an operating update from a small producer and carries little weight for gold and silver supply, since monthly output is modest. The option grant is a routine compensation step with no separate market effect.

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