# Starcore Reports Q3 Results Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/starcore-reports-q3-results--f0896a0c-dcf6-4275-b602-7ad3f089500f Original source: https://money.tmx.com/en/quote/SAM/news/5307337864973597/starcore-reports-q3-results Publisher: tmx Original announcement: 2026-03-02T07:30:00.000Z 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: 2026-08-21 01:43:24 UTC Narrative sentiment: 0.80 · Bullish ## Minestarters Atlas summary Starcore International Mines Ltd. announced significantly improved Q3 2026 financial and production results, with earnings from mining operations increasing to $6.2 million and net income reaching $1.3 million. This positive performance is attributed to a return to full production at the San Martin mine in Mexico. The company expects further increases in monthly metal production following the finalization of equipment for processing higher-grade carbonaceous ore. Reasoning: Starcore reported strong Q3 2026 financial and production results, marking a return to full production at its San Martin mine and significantly improved earnings. The company anticipates further production increases from processing higher-grade carbonaceous ore, although silver recovery remains low and cash costs per equivalent ounce, including AISC, are high. - Positive factor: return\_to\_full\_production - Positive factor: significantly\_improved\_earnings - Positive factor: expected\_future\_production\_increase - Negative factor: low\_silver\_recovery - Negative factor: high\_cash\_cost\_per\_equivalent\_ounce - Negative factor: high\_all\_in\_sustaining\_costs Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 34 ## Classification and evidence **Production Increase** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The CEO reported 'significantly improved earnings from mining operations' and 'a return to full production at San Martin mine'. Evidence · text > This quarter represents a return to full production at San Martin mine and it is reflected in significantly improved earnings from mining operations of $6.2 million **Return to Full Production** Polarity: positive Story-specific tag Definition: No canonical definition is currently available. Why it applies: The CEO explicitly stated that the quarter represents 'a return to full production at San Martin mine'. Evidence · text > This quarter represents a return to full production at San Martin mine **Processing Carbonaceous Ore** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: The company expects further production increases 'With the finalization of the equipment installations to process the higher grade carbonaceous ore'. Evidence · text > With the finalization of the equipment installations to process the higher grade carbonaceous ore, we expect further increase in monthly metal production going forward. **QP/CP Signed** Polarity: positive Story-specific tag Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Salvador Garcia, B. Eng., is identified as the Company's qualified person on the project as required under NI 43-101. Evidence · text > 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 43-101 **Moderate Gold Recovery** Polarity: neutral Story-specific tag Definition: No canonical definition is currently available. Why it applies: Gold recovery for the three months ended January 31, 2026, was 85.7%, which falls into the moderate band for gold recovery \(85-90%\). Evidence · table > 85.7% Context: percent **Low Recovery** Polarity: negative Definition: Recovery below the weak band for the commodity and processing route. Why it applies: Silver recovery for the three months ended January 31, 2026, was 46.4%, which is below the weak band for byproduct silver recovery \(45-55%\). Evidence · table > 46.4% Context: percent ## Extracted facts Stored fact records: 0. Some facts used in scoring do not have a stored record. No stored fact records are available for this extraction. ## 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.