Starcore International Mines Ltd (SAM)

Starcore Reaches Communities Agreement for La Tortilla ProjectMay 27, 2026 2:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 27, 2026) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or "the Company") announces that its wholly-owned Mexican subsidiary, Compañía Minera Peña de Bernal S.A. de C.V. ("CMPB"), operator of the San Martín Mine, reached an agreement with the El Doctor Agrarian Community, in the municipality of Cadereyta de Montes, Querétaro, Mexico, granting CMPB the social license to operate the La Tortilla Project ("La Tortilla").This agreement is for the same 10-year period as the La Tortilla lease has with the concession owner, with an option to renew. The agreement grants CMPB permission to use the access road to La Tortilla, which passes through their communities. The agreement prioritizes the well-being of the communities and the stability and continued operation of La Tortilla.The general terms of the agreement directly benefit the communities, creating well-paying jobs, contributing to the economic stability of local residents, improving basic medical services, and enhancing the community's quality of life and infrastructure. It also includes the future possibility for the community members to provide transportation services to CMPB, transporting ore from La Tortilla to the processing plant at San Martín.This is highly relevant because the new Mexican Mining Law, in its edition of May 8, 2023, explicitly states that community consultations will be conducted prior to the granting of the mining concession and simultaneously with the consultation required for the Environmental Impact Assessment (MIA) already in process to be approved by the environmental authorities, SEMARNAT.Salvador García, B. Eng., the Company's Director and Chief Operating Officer, is the Company's Qualified Person for the project as required by NI 43-101 and prepared the technical information contained in this press release.About StarcoreStarcore International Mines is engaged in precious metals production with focus and experience in Mexico. The Company's base of producing assets includes its gold-producing San Martin Mine and the La Tortilla silver mine, both in the state of Querétaro, Mexico. 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 LTDSigned "Robert Eadie"
Robert Eadie, Chief Executive OfficerFOR FURTHER INFORMATION PLEASE CONTACT:ROBERT EADIE
Telephone: (604) 602-4935 LinkedIn
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FacebookThe Toronto Stock Exchange has not reviewed nor does it accept responsibility
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 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.NOT FOR DISTRIBUTION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/298845 Original: Starcore Reaches Communities Agreement for La Tortilla Project

STARCORE Reports Fourth Quarter Production ResultsMay 19, 2026 2:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - May 19, 2026) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or "the Company") announces production results for the fourth fiscal quarter ended April 2026 at its San Martin Mine ("San Martin") in Querétaro, Mexico. In this quarter we encountered lower grades and tonnage processed. This was due mainly to the fact that the high-grade Manto reserves, which were detected using diamond drilling in the previous quarter, were found to be located between a fault at the top of the Manto and very soft material at the bottom. This makes mining very difficult and is subject to higher dilution. We quickly adjusted to prepare a new high-grade ore body in another area of ??the mine to counteract this effect, and this new ore body was reached by the end of the quarter.The geophysical survey announced in the previous quarter was carried out consisting of two surveys: a mobile MT (Magneto Telluric) geophysical survey conducted by Expert Geophysics, covering a total of 91.5 square kilometers, and an IP (Induced Polarization) geophysical survey by Geotem, covering a total of 5.2 square kilometers. The results of the surveys are expected to be known by the end of May. With this, we have practically covered 70% of the 13,000-hectare concession."At this time we are focused on increasing the production of ounces in both the oxide ore and the carbonaceous ore, which was producing results from the second half of April. The Carbonaceous ore being processed through the plant is averaging 3 g/t of gold and 25 g/t of silver at a recovery of approximately 80% with milling reaching 100 tons per day by quarter end," stated Salvador García, the Company's Chief Operating Officer.     12 Month YTD   San Martin Production Q4 2026 Q3 2026 Q/Q Change 2026 2025 Y/Y Change Ore Milled (Tonnes) 45,550 52,609 -13% 204,366 197,880 3 % Gold Equivalent Ounces 1,722 2,162 -20% 7,874 8,916 -12% Gold Grade (Grams/Ton) 1.23 1.33 -8% 1.35 1.58 -15% Silver Grade (Grams/Ton) 17.33 18.29 -5% 15.67 14.27 10% Gold Recovery (%) 84.17 85.72 -2% 80.84 82.73 -2% Silver Recovery (%) 44.85 46.37 -3% 48.52 54.09 -10% Gold: Silver Ratio 61.71 60.42  72.15 85.57  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 StarcoreStarcore International Mines is engaged in precious metals production with focus and experience in Mexico. The Company's base of producing assets includes its gold-producing San Martin Mine and the La Tortilla silver mine, both in the state of Querétaro, Mexico. 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 LTDSigned "Robert Eadie"
Robert Eadie, Chief Executive OfficerFOR FURTHER INFORMATION PLEASE CONTACT:ROBERT EADIE
Telephone: (604) 602-4935LinkedIn
Twitter
FacebookThe Toronto Stock Exchange has not reviewed nor does it accept responsibility
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 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.NOT FOR DISTRIBUTION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/297750 Original: STARCORE Reports Fourth Quarter Production Results

Starcore Announces Airborne MobileMT Geophysical Survey at San Martin Mine, Queretaro, MexicoApril 22, 2026 2:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - April 22, 2026) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") is pleased to announce the initiation of an airborne geophysical survey over its San Martin mining concessions in Querétaro State, Mexico, operated through its wholly owned subsidiary, Compañía Minera Peña de Bernal S.A. de C.V.The Company has retained Expert Geophysics Surveys Inc. to conduct an airborne Mobile Magnetotelluric (MobileMT) survey across the San Martin project area. The survey will comprise approximately 711 line-kilometres of helicopter-supported data acquisition, covering an area of approximately 99.13 square kilometres.Survey ParametersThe MobileMT survey has been designed to provide high-resolution subsurface resistivity data to support geological interpretation and exploration targeting. Key survey parameters are as follows:Survey type: Airborne Mobile Magnetotelluric (MobileMT)Total coverage: approximately 711 line-kmLine spacing: 150 metresTie-line spacing: 1,500 metresLine orientation: approximately 090°–270°Tie-line orientation: approximately 000°–180°Platform: helicopter (Airbus AS350 series)Sensor terrain clearance: approximately 50–60 metresSurvey speed: approximately 80 km/hDepth of investigation: up to approximately 2 kilometres, depending on subsurface conductivityData acquisition is expected to be completed within approximately one week, subject to weather and operational conditions. Final processed data products are anticipated within approximately eight weeks following completion of the survey.Purpose of the SurveyThe MobileMT survey is intended to improve the Company's understanding of the structural and lithological framework of the San Martin district. The program is designed to:Identify deep structural features associated with known mineralization;Delineate potential extensions of mineralized vein systems beneath cover;Map resistivity contrasts related to hydrothermal alteration;Generate targets for follow-up drilling at depth and along strike.The MobileMT survey is expected to provide a step-change in the Company's ability to map the continuity and depth extent of mineralized structures and to identify new drill targets within the broader San Martin structural corridor.Geological SettingThe San Martin deposit is a structurally controlled, low-sulfidation epithermal gold-silver system hosted in Upper Cretaceous carbonate sequences, including locally carbonaceous units, and partially covered by Tertiary volcanic rocks. Mineralization is associated with quartz-carbonate-adularia vein systems, hydrothermal breccias, and structurally controlled feeder zones developed along northeast-trending fault corridors and dilation zones.These structures are interpreted to form part of a broader structural framework that may include repetition of favorable host horizons and lateral continuity of mineralized vein and breccia systems. Mineralization is considered to be linked to deeper structural pathways, potentially including fault-related feeder zones and reactivated structures.At a district scale, mineralization at San Martin may be influenced by regional compressional tectonics, including fold and thrust structures, with the deposit potentially localized along a back-thrust or related structural feature. These interpretations are conceptual in nature and require further validation.Previous Geophysical WorkThe San Martin project has been the subject of multiple geophysical surveys, including a helicopter-borne magnetic and radiometric survey completed in 2005, as well as ground-based magnetotelluric (MT), controlled-source audio-frequency magnetotelluric (CSAMT), and natural-source audio-frequency magnetotelluric (NSAMT) surveys conducted between 1993 and 2007.These surveys have contributed to the definition of the structural framework of the district, highlighting resistivity contrasts associated with lithological contacts, structural corridors, and zones of potential mineralization, including features interpreted to be associated with vein systems and breccia-hosted mineralization.More recently, legacy magnetic data have been reprocessed and reinterpreted by an independent consultant, resulting in improved delineation of structural trends, potential repetition of structural panels, and identification of additional exploration targets.The current MobileMT survey is designed to build upon this dataset by providing continuous resistivity imaging at greater depths and across a broader area, including zones covered by volcanic units. In conjunction with existing datasets, the survey is expected to support improved interpretation of structural continuity, lateral extent of mineralized systems, and the geometry of larger-scale structural features.Technical Information and Qualified PersonThe scientific and technical information contained in this news release has been reviewed and approved by Dr. Riccardo Aquè, Ph.D. Eurogeol., a Qualified Person as that term is defined in NI 43-101 – Standards of Disclosure for Mineral Projects.About StarcoreStarcore International Mines is engaged in precious metals production with focus and experience in Mexico. The Company's base of producing assets includes its gold producing San Martin Mine and the La Tortilla silver mine, both in the state of Querétaro, Mexico. 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, President & Chief Executive OfficerFOR FURTHER INFORMATION, PLEASE CONTACT:ROBERT EADIE
Telephone: (604) 602-4935 LinkedIn
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FacebookThe Toronto Stock Exchange has not reviewed nor does it accept responsibility
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 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.NOT FOR DISTRIBUTION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/293711
Original: Starcore Announces Airborne MobileMT Geophysical Survey at San Martin Mine, Queretaro, Mexico

Starcore Accepts Offer on its Ajax PropertyMarch 24, 2026 2:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 24, 2026) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") announces the following:Ajax Property. The Board of Directors has accepted an offer (the "Offer") from Korestar Exploration Inc., ("Korestar") to acquire Starcore's 100%-owned Ajax Property located 12 km. north of Alice Arm in northwestern British Columbia, at the southern end of the mineral belt known as the "Golden Triangle." Korestar, a private company incorporated under the jurisdiction of British Columbia, is not a reporting issuer and does not currently trade on any stock exchange, although it is Korestar's intention to seek a listing on either the CSE or TSXV. The Offer included the following terms of purchase:The issuance to Starcore of 2.5 million shares of Korestar;Cdn$100,000.00 payment within 180 days from signing of a mineral property purchase agreement (the "Effective Date"); Cdn$100,000.00 work commitment within 18 months of the Effective Date; Cdn$100,000.00 work commitment within 36 months of the Effective Date; and2.5% NSR, with an option for Korestar to buy back 1.5% for Cdn$1 million.The proposed transaction is non-arm's length, and may be considered a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. Robert Eadie and Gary Arca, both directors of Starcore, disclosed their interest as shareholders of Korestar, and abstained from voting on the Offer when presented to and voted on by Starcore's Board. Starcore will be relying on certain exemptions to the requirements to seek minority shareholders' approval and to obtain a formal valuation under MI 61-101, in that the value of the transaction will represent less than 25% of Starcore's market capitalization.The Ajax Property was originally acquired by Starcore in 2015, as part of Starcore's purchase of Creston Moly Corp. However, Starcore has not expended any material amount of time or money toward exploring that grassroots property over the past 10 years, and it presently has no plans to undertake the level of work required to adequately explore or develop that property. The sale of the Ajax Property to Korestar represents an opportunity for Starcore to have the property advanced, while retaining an interest therein.Advisory Committee. The Company is pleased to announce the formation of an Advisory Committee to provide strategic, financial, and technical guidance to management on a broad range of corporate and operational matters.The Advisory Committee will serve as a valuable resource to the Company, offering independent insights and specialized expertise to support informed decision-making, enhance operational efficiency, and advance the Company's strategic objectives. Its mandate includes advising on financial planning and capital allocation, evaluating technical initiatives and project development, and assisting management in identifying and addressing key risks and opportunities.The establishment of the Advisory Committee reflects the Company's commitment to strong governance, disciplined growth, and the effective execution of its business strategy.Heading the Committee as Chairperson is Ms. Silvia Muzi of Rome, Italy, a Chartered Accountant and Statutory Auditor with over 25 years of experience in tax and corporate advisory issues. She specializes in extraordinary corporate transactions, corporate governance and internal control systems, with extensive expertise as Chair and Statutory Auditor on Boards of Statutory Auditors of listed and public companies.About StarcoreStarcore International Mines is engaged in precious metals production with focus and experience in Mexico. The Company's base of producing assets includes its gold producing San Martin Mine and the La Tortilla silver mine, both in the state of Queretaro, Mexico. 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, President & Chief Executive OfficerFOR FURTHER INFORMATION PLEASE CONTACT:ROBERT EADIE
Telephone: (604) 602-4935 LinkedIn
X
FacebookThe Toronto Stock Exchange has not reviewed, nor does it accept responsibility
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 statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Specifically, there is no assurance that (i) the sale of the Ajax Property will complete on the terms outlined above, or at all; (ii) Korestar will be successful in raising the funds necessary to pay the cash or to incur the expenditure portions of the purchase price; or (iii) that any work undertaken by Korestar on the Ajax Property will yield any positive material results. The Company assumes no obligation to update forward-looking statements or beliefs, opinions, projections or other factors, except as required by law.NOT FOR DISTRIBUTION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/289616
Original: Starcore Accepts Offer on its Ajax Property

Starcore Completes Spin-out of Interests in Cote d'IvoireMarch 17, 2026 5:05 PM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 17, 2026) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") announces recent corporate developments:Spin-out of Interests in Cote d'Ivoire. As previously announced in 2025, the Plan of Arrangement that was approved by shareholders and the Toronto Stock Exchange was recently completed, with Starcore spinning out its mineral property interests in Cote d'Ivoire to EU Gold Mines Inc. ("EU Gold") in exchange for common shares of EU Gold. As a result of the closing of the Plan of Arrangement, shareholders of Starcore as at the record date of February 6, 2026 were issued one common share of EU Gold for every two Starcore shares owned on that date. Starcore has determined the fair value of the distribution to be $0.05 per EU Gold share, which represents a return of capital to the Starcore shareholders, thereby reducing the cost base of the Starcore shares accordingly and establishing the value of the EU Gold shares.EU Gold is a reporting issuer in each of British Columbia and Alberta, with financial statements and other disclosure documents filed on SEDAR+ at www.sedarplus.ca. It is not currently listed for trading on any stock exchange, although it is EU Gold's intention to seek a listing on the CSE or TSXV.Loan to EU Gold. Starcore's Board of Directors has approved a loan agreement whereby Starcore and Spam S.R.L. will each extend a loan of Cdn$500,000 to EU Gold (the "Loan"), the proceeds of which will be applied towards EU Gold's general working capital and to conduct the exploration programs on the properties in Cote d'Ivoire. SPAM S.R.L. is the former shareholder of K Mining Inc., a private Ivorian gold exploration company in Cote d'Ivoire that holds the gold permit licence and applications covering the Kimoukro Project. K Mining is now a wholly-owned subsidiary of EU Gold.The Loan will have a term of two years, bearing simple interest at a rate of five percent (5%) per annum, with EU Gold granting the lenders a security interest on all of EU Gold's property interests in Cote d'Ivoire. The Loan is not convertible, and may be repaid without penalty at any time prior to the maturity date.Addition to the Board. The Company is pleased to announce the re-appointment of Tanya Lutzke as an additional director, following a brief hiatus. Ms. Lutzke has over 21 years of experience in law enforcement. Her professional background also includes her experience in banking, and in the finance sector where she worked as a licensed stock broker before eventually entering the field of law enforcement. As an independent director, Ms. Lutzke has also been appointed a member of the Audit Committee and Corporate Secretary, following a vacancy in the officer position.About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. The Company's base of producing assets includes its gold producing San Martin Mine and the La Tortilla silver mine, both in the state of Queretaro, Mexico. 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, President & Chief Executive OfficerFOR FURTHER INFORMATION PLEASE CONTACT:ROBERT EADIE
Telephone: (604) 602-4935 LinkedIn
X
FacebookThe Toronto Stock Exchange has not reviewed nor does it accept responsibility
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 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.NOT FOR DISTRIBUTION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/288886
Original: Starcore Completes Spin-out of Interests in Cote d'Ivoire

Starcore Reports Q3 ResultsMarch 2, 2026 2:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - March 2, 2026) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") has filed the results for the third quarter ended January 31, 2026 for the Company and its mining operations in Queretaro, Mexico. The full version of the Company's Financial Statements and Management's Discussion and Analysis can be viewed on the Company's website at www.starcore.com, or SEDAR+ at www.sedarplus.ca. All financial information is prepared in accordance with IFRS and all dollar amounts are expressed in thousands of Canadian dollars unless otherwise indicated."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, and $10.4 million over the entire period, with positive cash flow of over $8.4 million over the same period," reported Robert Eadie, CEO of the Company. "With the finalization of the equipment installations to process the higher grade carbonaceous ore, we expect further increase in monthly metal production going forward." Financial Highlights for the three-month period ended January 31, 2026 (unaudited):Cash and cash equivalents on hand is $12.4 million at January 31, 2026; Gold and silver sales of $13.5 million;Earnings from mining operations of $6.2 million;Income of $1.3 million, or $0.01 per share;EBITDA(1) of $4.0 million for the nine month period ended January 31, 2026.The following table contains selected highlights from the Company's unaudited consolidated statement of operations for the three and nine months ended January 31, 2026 and 2025:(in thousands of Canadian dollars)
(Unaudited)
Three Months ended 
January 31,

Nine Months ended
January 31,


2026

2025

2026

2025
Revenues$13,528
$9,014
$ 32,862
$22,791
Cost of Sales
(7,360)
(6,889)
(22,434)
(18,913)Earnings (Loss) from mining operations and toll processing
6,168

2,125

10,428

3,878
Administrative expenses, interest and foreign exchange
(4,718)
(1,824)
(8,707)
(4,798)Other income
12

-

25

-
Gain on sale of assets
-

-

38

-
Write-down of exploration and evaluation expenditures
-

-

(550)
-
Unrealized gain (loss) on investment
(39)
39

58

-
Income tax - deferred recovery (expense)
(121)
(46)
227

(477)Net income (Loss)$1,302
$294
$1,519
$(1,397) (i) Income (Loss) per share - basic$0.01
$0.00
$0.02
$(0.02) (ii) Income (Loss) per share - diluted$0.01
$0.00
$0.02
$(0.02) Reconciliation of Net Income to EBITDA(1)





For the nine month period ended January 31,
2026

2025
Net income (loss)$1,519
$(1,397)Depreciation and depletion
2,421

2,554
Rehabilitation and closure cost accretion
255

260
Lease accretion
61

40
Accretion on share buyback
32

14
Interest (revenue), net of interest expense
(27)
(91)Income tax expense (recovery)
(227)
492
EBITDA$4,034
$1,872
EBITDA MARGIN(2)
12.28%

8.21%
  (1) EBITDA ("Earnings before Interest, Taxes, Depreciation and Amortization") is a non-GAAP financial performance measure with no standard definition under IFRS. It is therefore possible that this measure could not be comparable with a similar measure of another Corporation. The Corporation uses this non-GAAP measure which can also be helpful to investors as it provides a result which can be compared with the Corporation's market share price.
(2) EBITDA MARGIN is a measurement of a company's operating profitability calculated as EBITDA divided by total revenue. EBITDA MARGIN is a non-GAAP financial performance measure with no standard definition under IFRS. It is therefore possible that this measure could not be comparable with a similar measure of another Corporation. The Corporation uses this non-GAAP measure which can also be helpful to investors as it provides a result which can be compared with the Corporation's market share price.Production Highlights for the three-month period ended January 31, 2026:Equivalent gold production of 2,162 ounces; Mine operating cash cost of US$2,394/EqOz; All-in sustaining costs of US$3,554/EqOz for the nine months ended January 31, 2026.The following table is a summary of mine production statistics for the San Martin mine for the three and nine months ended January 31, 2026 and for the previous year ended April 30, 2025:

Actual Results for
Unit of measure3 months ended
January 31, 20269 months ended
January 31, 202612 months ended
April 30, 2025Mine Production of Gold in Dorethousand ounces1.95.68.3Mine Production of Silver in Dorethousand ounces14.338.649.3Gold equivalent ouncesthousand ounces2.26.28.9




Silver to Gold equivalency ratio
60.476.082.6Mine Gold gradegrams/tonne1.331.381.58Mine Silver gradegrams/tonne18.2915.1914.27Mine Gold recoverypercent85.7%80.0%83.1%Mine Silver recoverypercent46.4%49.7%53.0%Milledthousands of tonnes52.6158.8197.9Mine operating cash cost per tonne milledUS dollars/tonne989787Mine operating cash cost per equivalent ounceUS dollars/ounce2,3942,5001,936 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 and has prepared the technical information contained in this press release.About StarcoreStarcore International Mines is engaged in precious metals production with focus and experience in Mexico. The Company's base of producing assets includes its gold producing San Martin Mine and the La Tortilla silver mine, both in the state of Queretaro, Mexico. 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) "Gary Arca"
Gary Arca, Chief Financial Officer and DirectorFOR FURTHER INFORMATION PLEASE CONTACT:GARY ARCA
Telephone: (604) 602-4935 ext 214ROBERT EADIE
Telephone: (604) 602-4935 ext 205LinkedIn
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FacebookThe Toronto Stock Exchange has not reviewed nor does it accept responsibility
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 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.NOT FOR DISTRIBUTION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/285790
Original: Starcore Reports Q3 Results

Starcore Reports Third Quarter Production ResultsFebruary 17, 2026 2:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or "the Company") announces production results for the third fiscal quarter ended January 2026 at its San Martin Mine ("San Martin") in Queretaro, Mexico.San Martin production for the quarter improved significantly upon resolution of the previously reported preg-robbing issues in the quarter. The mine reverted to normal expected recoveries for gold and also experienced improved silver grades, resulting in production meeting budgeted targets in the last two months of the quarter.In addition, the exploration carried out over the past six months to extend the high-grade ore bodies in the northern part of the current operation was successful. We have begun mining these new high-grade extensions which are grading approximately 5 grams of gold and 80 grams of silver per ton.We also began preparations for a new survey in the northern part of the concession where geophysical studies were conducted more than 15 years ago that revealed some interesting anomalies. These studies were sent for reinterpretation, and based on the results obtained, a new study focussing on the most significant anomalies will be carried out in the next quarter. "Now that the operation has stabilized, our goal is to focus on the higher-grade extensions to increase metal production, thereby returning the highest profitability, which has always been our guiding principle," stated Salvador García, the Company's Chief Operating Officer.    6 Month YTD San Martin Production Q3 2026Q2 2026 Q/Q Change 2026 2025 Y/Y Change Ore Milled (Tonnes)52.60951,960 1% 158,816144.48210%Gold Equivalent Ounces 2,162 1,860 16%
6,1536.574-6%Gold Grade (Grams/Ton) 1.331.330% 1.38 1.59-13%Silver Grade (Grams/Ton) 18.2914.4826% 15.19 13.7211%Gold Recovery (%)85.7277.1711% 79.99 83.09-4%Silver Recovery (%)46.3749.30-6%49.72 53.02-6%Gold: Silver Ratio60.4285.20  76.00 82.62  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 StarcoreStarcore International Mines is engaged in precious metals production with focus and experience in Mexico. The Company's base of producing assets includes its gold producing San Martin Mine and the La Tortilla silver mine, both in the state of Queretaro, Mexico. 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 LTDSigned "Robert Eadie"
Robert Eadie, Chief Executive OfficerFOR FURTHER INFORMATION PLEASE CONTACT:ROBERT EADIE
Telephone: (604) 602-4935 LinkedIn
Twitter
FacebookThe Toronto Stock Exchange has not reviewed nor does it accept responsibility
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 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.NOT FOR DISTRIBUTION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/283978
Original: Starcore Reports Third Quarter Production Results

Starcore Closes Spin-Out of African Properties for Issue of Capital DividendFebruary 2, 2026 2:30 AM
NewsfileVancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - Starcore International Mines Ltd. (TSX: SAM) ("Starcore" or the "Company") announces it has received the Final Order from the Supreme Court of British Columbia approving the Plan of Arrangement (the "Arrangement") between Starcore and its wholly-owned subsidiary, EU Gold Mining Inc., as announced in its news release of July 8, 2025.The effective date for the completion of the Arrangement will be February 6, 2026, the date on which the Arrangement will become legally effective. The record date for the purpose of determining the shareholders of Starcore who will be entitled to receive common shares of EU Gold pursuant to the terms of the Arrangement will be the same as the effective date, February 6, 2026 (the "Record Date"). Shareholders of Starcore as of the Record Date will be issued one common share of EU Gold for every two Starcore shares owned by the Starcore shareholder, which share will be issued to the Starcore Shareholders as a return of capital. It is anticipated that Starcore's Transfer Agent, Computershare Investor Services, will redistribute the EU Gold shares to Starcore shareholders on or about March 5, 2026 (the "Distribution Date").No fractional EU Gold Shares will be issued in connection with the Arrangement, and no certificates for any fractional shares will be issued. Any fractional EU Gold Shares will be rounded to the nearest whole number with fractions of 0.5 rounded up. No cash payment in lieu of any fractional EU Gold Shares will be paid.Under the rules of the Toronto Stock Exchange, Starcore common shares will commence trading "ex-distribution" on the opening of trading on February 6, 2026, with respect to the EU Gold shares to be distributed under the Arrangement. Accordingly, the last opportunity for investors to participate in the spin-out of EU Gold will be immediately prior to the close of trading on February 5, 2026 on the TSX.Through the Arrangement, Starcore will transfer and assign to EU Gold all of Starcore's right, title and interest in its mineral property assets in Africa. In consideration for the spin-out, EU Gold will assume all of the liabilities related to the African properties, in addition to the EU Gold shares to be issued to Starcore, and thereafter redistributed to Starcore's shareholders on a pro-rata basis. The Arrangement received shareholder approval at Starcore's Annual General Meeting held on October 24, 2025 as well as conditional approval from the Toronto Stock Exchange. "By spinning out the mineral properties in Côte d'Ivoire to EU Gold, Starcore has undergone a corporate restructuring that will enable it to focus on its Mexican gold and silver producing assets which include the San Martin gold mine and the La Tortilla Silver mine, both located in Queretaro, Mexico" said Robert Eadie, Chief Executive Officer of Starcore. EU Gold will focus on developing the mineral properties in Côte d'Ivoire and will seek a listing of its shares on a Canadian stock exchange. Any such listing will be subject to EU Gold meeting all the listing requirements of the exchange.As a result of the spin-out and Starcore's reorganization, the two companies will operate as separate and independent companies. There may be certain common directors and officers between the companies, and Starcore will work with EU Gold to enable its corporate development. About StarcoreStarcore International Mines is engaged in precious metals production with focus and experience in Mexico. The Company's base of producing assets includes its gold producing San Martin Mine and the La Tortilla silver mine, both in the state of Queretaro, Mexico. 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, President and Chief Executive OfficerFOR FURTHER INFORMATION PLEASE CONTACT:
ROBERT EADIE Telephone: (604) 602-4935LinkedIn
X
FacebookThe Toronto Stock Exchange has not reviewed nor does it accept responsibility
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 statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. In particular, there is no assurance that (i) EU Gold will be able to finance the exploration of the African properties or attract new management,(ii) EU Gold will be successful in listing its common shares on any stock exchange, or (iii) Starcore's corporate reorganization will benefit shareholders in the near or long term. The Company assumes no obligation to update forward-looking statements or beliefs, opinions, projections or other factors, except as required by law.NOT FOR DISTRIBUTION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/282295
Original: Starcore Closes Spin-Out of African Properties for Issue of Capital Dividend

Salvador Garcia, Chief Operating Officer of the company: "In spite of the devastating pandemic which has hit Mexico very hard, our operations are ongoing without major issues. This is mainly due to the discipline of our work force, our management team's commitment to the health of our workers and the respect for the rules and measures taken by the Mexican Government" $SHVLF

News: Starcore Announces 2nd Quarter Production Results
Newsfile Corp.
Mon, November 16, 2020, 10:30 AM EST·2 min read

Vancouver, British Columbia--(Newsfile Corp. - November 16, 2020) - Starcore International Mines Ltd. (TSX: SAM) (OTCQB: SHVLF) ("Starcore" or the "Company") announces production results for the second quarter of fiscal year 2020 / 2021, ended October 31, 2020, at its San Martin Mine ("San Martin") in Queretaro, Mexico.

"In spite of the devastating pandemic which has hit Mexico very hard, our operations are ongoing without major issues. This is mainly due to the discipline of our work force, our management team's commitment to the health of our workers and the respect for the rules and measures taken by the Mexican Government," reported Salvador Garcia, Chief Operating Officer of the company. "Even though the grades during the quarter decreased, the ounces produced have been delivering a good margin of profit for reasons beyond just the higher gold and silver prices. The measures adopted in the last year in our operations and the cost optimization in all areas, including administration, have resulted in financial improvements reflected in more resources to increase the exploration in unexplored areas by development and drilling, creating good expectations in the short term."


San Martin Production

Q2 2020

Q1 2019

Q/Q Change

YTD 2020

YTD 2019

Y/Y Change

Ore Milled (Tonnes)

56,731

59,099

-4%

115,830

114,918

-1%

Gold Equivalent Ounces

2,867

3,259

-12%

6,126

6,762

-9%

Gold Grade (Grams/Ton)

1.60

1.70

-6%

1.65

1.90

-13%

Silver Grade (Grams/Ton)

21.98

29.17

-25%

25.65

32.25

-23%

Gold Recovery (%)

88.50

88.74

-0.3%

88.63

86.04

3%

Silver Recovery (%)

56.99

56.53

1%

56.72

55.40

2%

Gold: Silver Ratio

75.05

97.22



86.64

87.10



About Starcore
Starcore International Mines is engaged in precious metals production with focus and experience in Mexico. This base of producing assets is complemented by exploration and development projects throughout North America. 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, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

EVAN EADIE
Investor Relations
Telephone: (604) 602-4935 x 230
Toll Free: 1-866-602-4935
Email: eeadie@starcore.com

The Toronto Stock Exchange has not reviewed, nor does it accept responsibility
for the adequacy or accuracy of this press release.

The C-Suite at The Open video interview series highlights the unique perspectives of listed companies $SHVLF

News: SHVLF TMX Group, Starcore International Mines, C-Suite at The Open (TSX:SAM) https://finance.yahoo.com/news/tmx-group-starcore-international-mines-153000640.html

The flagship property of Starcore International Mines is the San Martin gold and silver mine. The mine has been in operation since 1993 at 350tpd and currently operates at 850tpd. The mine was acquired by Starcore in February of 2008 from Goldcorp who had acquired the asset through the takeover of Wheaton River. The mine is an underground epithermal deposit with gold quartz based limestone and has an average gold grade of 2.31 grams and 18 grams of silver ( NI 43-101 2014 Dave Gunning, Joe Campbell). The historical production of the mine is over half a million ounces and the mine sits on 100% owned claim package of 12,992 hectares, which offers the upside of exploration and the possibility of discovering the source of the current mineralization. https://starcore.com/en/operations/producing/gold-and-silver-in-queretaro/ $SHVLF

Starcore International Mines is a precious metals producer, developer and explorer based in Mexico listed on the TSX, OTC $SHVLF and Frankfurt stock exchanges.

Our value proposition combines three essential components with depth rarely seen for a junior miner:

*Proven Management Team including Salvador Garcia who was previously with First Majestic, Gold Corp, and Grupo Mexico.

*Leverage to the gold price and cashflow through a producing mine located in a safe jurisdiction in Mexico. (Q1 earnings $0.03 per share)

*Optionality Upside created through assets for sale, exploration and advanced stage exploration.

The company is well positioned for this bull market due to disciplined capital allocation, operational excellence and acquisitions made in the bottom of the market. $SHVLF

Starcore International Mines updates on its producing and drill-ready gold projects in Mexico -

Still hitting new 52 week lows

Starcore trading at its 52 week low

Starcore up 22% on great news today!

May 11, 2016
Starcore Drills 10.25 metres of 65.17 g/t Au and 128.26 g/t Ag

Vancouver, B.C. – Starcore International Mines Ltd. (the “Company”) announces that it has completed drill hole 31-79 in area 31 at its San Martin Mine in Queretaro, Mexico. This hole intercepted a zone of limestone breccia followed by manto mineralization. High grade manto mineralization with visible gold was recovered between 48.65 and 58.9 meters. The weighted average grade of this 10.25 meter wide intercept is 65.17 g/t gold with 128.26 g/t silver. Prior to the high grade intercept the limestone breccia contained elevated silver values over 10 meters including a 2 meter section grading 1.60 g/t Au and 105 g/t Ag between 42.25 and 44.25 meters.

The intercept is within 15 meters of existing workings. Mining crews are expected to arrive at this drill hole intercept some time this week in order to evaluate the dimensions of the mineralization.

Drill core is assayed on site in a laboratory that successfully reconciles doré and plant samples. Assay values within the intercept have not been cut. Within this intersection, 7 of the 13 samples graded over 25 grams per tonne gold and numerous pieces of core were seen to contain visible gold. The manto mineralization at San Martin has produced samples of this grade in the past.

“This is the best drill hole in our history at the mine”, said Robert Eadie, President and CEO of Starcore.

The Company also reports production results at the San Martin Mine for the fiscal 2016 third quarter, ending April 30, 2016.

During Q3, a total of 74,070 tonnes were milled at an average grade of 1.66 g/t gold and 13 g/t silver resulting in the production of 3,476 gold equivalent ounces. Mill recoveries averaged 83.5% for gold and 46.9% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 79:1 during the quarter.

The depletion of the 6-101 stope in January of 2016 resulted in difficulties in February meeting production targets; however, the development of the 6-112 stope has enabled the mine to return to profitability during March and April.

David Gunning, P.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.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed “Robert Eadie”
Robert Eadie, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

EVAN EADIE
Investor Relations
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935

The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy
or accuracy of this press release.

SHVLF Starcore International Mines (.60) Extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña de Bernal, S.A., which owns the San Martin mine in Queretaro, Mexico (just north of Mexico City).

Starcore Reports Year End 2015 Results http://www.starcore.com/news/news-releases/starcore-reports-year-end-2015-results
Production of Gold - 18,300 ounces
Production of Silver - 97,100 ounces

Website: http://www.starcore.com/s/Home.asp
TSX as SAM: http://web.tmxmoney.com/quote.php?qm_symbol=sam
Pinksheets: http://www.otcmarkets.com/stock/SHVLF/quote
IHUB: http://investorshub.advfn.com/Starcore-International-Mines-LTD-TSX-SAM-19222/?source=board


chart]stockcharts.com/c-sc/sc?s=SAM.TO&p=D&b=5&g=0&i=p95024287910&r=1424837891973[/chart]

xxx

http://www.starcore.com/news/news-releases/starcore-enters-sale-agreement-on-real-estate-asset

news about the land sale came out today. $7MM USD is the purchase price... in the past we've talked about getting $4-5MM USD for it so $7MM is awesome! news!

Looking good Starcore

The company is working to correct the problem.
February 5, 2016
http://www.starcore.com/news/news-releases/starcore-status-with-the-sec
Starcore Status with the SEC

Vancouver, B.C. - Further to its news release of December 22, 2015, Starcore International Mines Ltd. (TSX:SAM) (the “Company” or “Starcore”) wishes to clarify that, on August 31, 2004, the Company (then known as Starcore International Ventures Ltd.) had filed a registration statement with the Securities and Exchange Commission (the “SEC”) on Form 20-F under the United States Securities Exchange Act of 1934, as amended (the “Exchange Act”), to register its common stock. As a result, the Company became subject to filing requirements under the Exchange Act when the registration statement became effective on October 30, 2004.

On February 1, 2016, with the consent of the Company, the SEC issued an order revoking the registration of the Company’s common stock pursuant to the Exchange Act. The Company consented to this administrative procedure as an amenable solution to address the issues cited in the SEC order.

The Company is working diligently to file a new 20-F registration statement so that trading resumes in the United States markets. The Company’s common stock continues to trade publicly in Canada on the TSX under the symbol “SAM”.

For further inquiries, please contact Investor Relations with details listed below.

About Starcore

Starcore is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, Mexico. The Company is a public reporting issuer on the Toronto Stock Exchange. The Company is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these properties further. The Company has interests in properties located in Mexico, Canada and the United States. For more information concerning Starcore, see documents filed under its profile on SEDAR, or visit its website at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed “Robert Eadie”
Robert Eadie, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

ROBERT EADIE:
Telephone: (416) 640-1936



EVAN EADIE
Investor Relations
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935

Is this the same shvl starcore? If so, you all just got hosed.


02/01/2016 09:06:40 02/01/2016 09:07:00 SHVLF Starcore International Mines Ltd Ordinary Shares Other OTC 12(j)Registration Revoked by SEC

http://otce.finra.org/DLDeletions

Starcore Produces 5,130 Equivalent Gold Ounces In Fiscal Q2

Vancouver, B.C. -- Starcore International Mines Ltd. (the "Company") announces production results for the fiscal 2015 second quarter, ending January 31, 2015, at its San Martin Mine in Queretaro, Mexico.

During Q2, a total of 79,815 tonnes were milled at an average grade of 2.22 g/t gold and 19 g/t silver resulting in the production of 5,130 gold equivalent ounces. Mill recoveries averaged 84.5% for gold and 48.2% for silver. Equivalent gold ounce calculation is based on the average gold:silver ratio of 73.62:1 during the quarter. Grades and recoveries continue to conform with those predicted in reserve estimates.

David Gunning, P.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 is engaged in exploring, extracting and processing gold and silver through its wholly-owned subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., which owns the San Martin mine in Queretaro, Mexico. The Company is a public reporting issuer on the Toronto Stock Exchange. The Company is also engaged in owning, acquiring, exploiting, exploring and evaluating mineral properties, and either joint venturing or developing these properties further. The Company has interests in properties located in Mexico, Canada and the United States.

More information on Starcore is available at www.starcore.com.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed "Robert Eadie"
Robert Eadie, President & Chief Executive Officer

FOR FURTHER INFORMATION PLEASE CONTACT:

ROBERT EADIE:
Telephone: (416) 640-1936

EVAN EADIE
Investor Relations
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935


Neither the Toronto Stock Exchange nor its Regulation Services Provider (accepts responsibility for the adequacy or accuracy of this release.

Starcore International Is Being Greedy While Others Are Fearful

Complete article on SeekingAlpha today.

http://seekingalpha.com/article/2873926-starcore-international-is-being-greedy-while-others-are-fearful


Summary
•Starcore International just made two acquisitions that strengthen the investment thesis.
•American Consolidated Minerals - acquired for C$700,000 - has land and 170,000 oz. (so far) of gold resources 6 miles from Barrick's massive Cortez Mine.
•Creston Moly - acquired for C$2 million - is a mispriced call option proxy that has over 300 million pounds of molybdenum and a PEA on its flagship El Creston Project.
•The October value thesis is stronger given a higher gold price and a lower Starcore share price.
•The company remains undervalued now and has astronomical upside should molybdenum prices turn around

Starcore Acquires Creston Moly from Bankruptcy Trustee
Vancouver, B.C. – Starcore International Mines Ltd. (the "Company") announces that it has entered into an agreement to acquire all of the shares of Creston Moly Corp. ("Creston" or "Creston Moly") from Deloitte Restructuring Inc, in its capacity as trustee in bankruptcy of Mercator Minerals Ltd. (the "Trustee"), at a purchase price of Cdn$2 million (the "Transaction").

The Transaction is subject to Creston being discharged from bankruptcy, clearing the way for Starcore to complete the Transaction and to continue with the development and further exploration of Creston's properties, free and clear from Creston's liabilities as at the date of bankruptcy. Creston Moly is a British Columbia company that owns, through its subsidiaries, a 100% interest in three molybdenum-copper projects in Mexico, British Columbia and Newfoundland.

For full story: http://www.starcore.com/s/news-releases.asp?ReportID=692167

Starcore Acquires Creston Moly from Bankruptcy Trustee
Vancouver, B.C. – Starcore International Mines Ltd. (the "Company") announces that it has entered into an agreement to acquire all of the shares of Creston Moly Corp. ("Creston" or "Creston Moly") from Deloitte Restructuring Inc, in its capacity as trustee in bankruptcy of Mercator Minerals Ltd. (the "Trustee"), at a purchase price of Cdn$2 million (the "Transaction").

The Transaction is subject to Creston being discharged from bankruptcy, clearing the way for Starcore to complete the Transaction and to continue with the development and further exploration of Creston's properties, free and clear from Creston's liabilities as at the date of bankruptcy. Creston Moly is a British Columbia company that owns, through its subsidiaries, a 100% interest in three molybdenum-copper projects in Mexico, British Columbia and Newfoundland.

For full story: http://www.starcore.com/s/news-releases.asp?ReportID=692167

Robert bought 50,000 shares.
50,000 shares sold for a 1 cent profit is only $500.

Insiders dumped 475k shares yesterday. So much for the buyback!!!
These guys are clearly full of sh**, which is reflected in the share price. Wouldn't be surprised if the dump came from Robert Eadie who bought shares on Dec 19 and then dumped them all on Jan 6th for a 1 cent profit/share (whopping profit of $3,700)...what a joke!

Thanks for the update Troy, but just as I suspected, no clear answer on buyback! I asked the same and got the same response. I didn't ask to know exactly what day they plan to buy back, but the share price is down 60% since they announced a dividend. You would think that now is just about as good a time to buy back, but I guess not. And as for his comment about the gold sector being flat, lol!!! All gold stocks have been flying high for the last 2 weeks and only SAM is flat.
Time to put your money where your mouth is management!

I spoke to Evan this morning - surprised to learn he actually works out of Toronto now in the financial district. this would explain why he didn't return the call i left at 4pm yesterday as the day was nearly done [i thought he was in vancouver and it was 1pm when i called their time]

evan does a good job at giving perspective. certainly we're not the only gold company with a gold price that is down or flat. these are challenging times but they are doing what they said they are.

Evan is working in Toronto to get some analyst coverage but most won't spend time on a company with a market cap under $100MM and or at least 5 years of proven/probably reserves. currently drilling 11,000 meters/yr. In part seems thats why picking up AJC and their land/mine made sense.

2015 plan to cut costs by 10% with some operational efficiencies. Agreed that the land sale would prop up our cash position and look great as a 1 time influx on the balance sheet. land has been appraised and have been talking to interested parties but no agreement on price/terms at this time.

no update on the buy back and he really can't give us one; timing can't be public information or manipulation is possible.

I didn't notice this during my call but Robert Eadie CEO bought 50,000 shares at 11.5 cents in the open market on Dec 19th. Not a lot of money involved but good to see him putting in his own cash.

Evan did say he enjoys speaking with share holders & welcomes your calls. his number is 604 602 4935 if you'd like to chat with him yourself. also our Annual General Meeting is Jan 28th at 1pm. If you're not in Vancouver you can call in to listen.

My last couple of emails to IR have gone unreturned. when I spoke to IR last, Evan told me that if i ever send an email and don't get a response within a day or two to please call the office because it may just have been missed. I suspect the lack of response was because i asked some pretty specific questions and they feel more comfortable answering them on the phone versus in an email.

I didn't have a chance to call IR on Friday as i was planning. I did call yesterday at around 1pm their time and haven't heard back yet. I plan to ask about

BUY BACK
EXPLORATION [do we have an ongoing active drill program or was the program we tried and reported lackluster results from the end of it?]
LAND SALE we've had a chunk of land for sale forever. years. privately. why not hire a broker to sell it if they really want to sell it.

IR knows nothing or is not saying anything of value. A couple of weeks ago, I asked IR why the company was not buying back shares at these ridiculous levels (market cap of $17mm) and the answer was "we don't know and we are just as frustrated as our investors with the share price".
Conclusion: Total BS!!! If they are frustrated with the share price, they should take action and buy back shares (as per their announcement). This would surely bring the price back up. So my question is...are they full of sh**...or do they have no money to buy back shares? I'm down 60% on this stock. Fundamentals are there (profitability, dividend...), so something doesn't add up. My gut tells me to take my losses and walk away because I smell scam, but yet I choose to wait and put my faith in management delivering on the share buyback.

Any word from IR yet?

Just 2 questions for me:
1) What will be the dividend policy going forward?
2) Is the company waiting for the market cap to go to zero before they buy-back shares?

Questions for IR?

I tried calling today but their office is now closed for the holidays until January 2nd.
i will call again on January 2nd to ask some questions about share buy back, etc.

if anybody has any question they'd like asked but haven't called themselves, let me know and i'll post some answers on January 2nd.

Hey management!!! We're still waiting for the company to buy back shares. Surely management thinks the shares are undervalued at 12 cents, no? Yet, there is no buying on their part...Hum! Starting to small like a whole lot of BS...

My average is in the low 20s, and I'm also not pleased with this freefall, 1 cent at a time.
All fundamentals look positive (profitable, dividend, share buyback...), yet here we are tanking on a consistent basis.
Current market cap is $15mm, which is peanuts, and yet the company is not buying back shares. Trust me, if they were buying, we would know! First of all, insider buying has to be reported. Second, we would know, because demand would exceed supply which would drive price up.
It's very simple: the company is not buying shares back even at this level ($15mm market cap). So my question is, WHY???

STARCORE INTERNATIONAL Looks Good!


This small company seems to be doing a lot of things Right!....The Price of the Stock looks Under-valued!!!

they had over $10MM in the bank when they paid the dividend which only cost $2.8MM approx. Then they set aside $1MM for share buy back. Even after everything they still must have more then $5MM in the bank so i don't think its a matter of having the funds or not.

I believe they are not allowed to announce when they are starting the buy back so there are no market manipulations while they are buying. That being said when i talked to Eadie, he said they haven't started yet. I know he can't say they are buying but would assume he also can't lie and say he hasn't started if he has; so i'm not sure where we stand on that. i read somewhere that they could only buy a set amount of shares per day when they start...

as for the share price - short term its painful. i've already taken a big bath on this thing with an average price in the 30s. I think in part the reason we are seeing some lows here is tax loss selling. folks like myself that could take a sizeable tax loss on this may decide to dump some shares which certainly doesn't help SAM maintain or increase our SP.

if i dumped all of the shares i own in sam, even if sam was buying them back it would take them a week at their maximum allowable purchase per day to buy just my shares. that doesn't include anybody else who may be dumping.

for the record though. i haven't sold any shares and in fact even while underwater I rolled my dividend into more SAM.i still think long term it will be a winner. we'll see!

So what do you think? Is it possible they have no money to proceed with the buyback or simply have no interest in buying back shares and just press releasing BS?

Agreed. no good reason they can't answer that question. $1MM goes a long way in a share buy back when shares are at 12 cents each.

Are we going to $0??? Spoke with IR yesterday. Eadie apologized for the share price. When I asked him why the company was not buying shares yet, he had no answer. That is clearly not good!!!
The market cap is $15mm, which is ridiculously low. 10% dividend, cash flow positive and promisses of buying back $1mm worth of shares.
Something simply doesn't add up here. We are either being scammed, or this is the best bargain out there!
My gust tells me we are being scammed, but I have no proof. WHY IS THE COMPANY NOT BUYING BACK SHARES AT $0.12????
No explanation = no good.

American Consolidated Shareholders Approve Plan of Arrangement
November 20, 2014, Vancouver, B.C. -- Starcore International Mines Ltd. (TSX: SAM) ("Starcore") and American Consolidated Minerals Corp. (TSX-V: AJC) ("American Consolidated" or the "Company") are pleased to announce that the American Consolidated shareholders have approved the previously announced proposed acquisition of American Consolidated by Starcore, pursuant to a plan of arrangement (the "Transaction").

The Transaction was approved by American Consolidated's shareholders at the Company's Special Meeting (the "Meeting") held on November 20, 2014. At the Meeting 4,509,614 votes were cast in connection with the special resolution approving the Transaction with 4,483,714 votes cast for the motion (99.43%) and with 25,900 votes cast against the motion (0.57%).

The Transaction is expected to be completed on or about December 1, 2014 upon the satisfaction or waiver of all of the conditions set out in the arrangement agreement (the "Arrangement Agreement") entered into by American Consolidated and Starcore on October 1, 2014, including approval by the Supreme Court of British Columbia at a hearing scheduled for December 1, 2014. Upon completion of the Transaction, Starcore will acquire all of the outstanding common shares of American Consolidated through the issuance of one-third of a Starcore common share in exchange for each American Consolidated common share. Following completion of the Transaction, American Consolidated will be de-listed from the TSX Venture Exchange.

Full details of the terms of the Transaction are set out in American Consolidated's management information circular dated October 14, 2014, which is available on SEDAR at www.sedar.com. Additional information about American Consolidated is available on its website at www.americanconsolidatedminerals.com.

Neither the Toronto Stock Exchange nor the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Not for distribution to U.S. Newswire Services or for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. Securities laws.

For further information contact:

Gary Arca
Interim President & CEO
American Consolidated Minerals Corp.
Phone: 604-602-4935

Investor Relations
Starcore International Mines Ltd.
Evan Eadie
Phone: 416-640-1936

Starcore Posts First Quarter Production Results

Nov 19, 2014
Starcore Posts First Quarter Production Results
Vancouver, B.C. - Starcore International Mines Ltd. (the "Company") announces production results for the fiscal 2015 first quarter, ending October 31, 2014, at its San Martin Mine in Queretaro, Mexico. Production for the first fiscal quarter at the San Martin mine was 5,381 gold equivalent ounces using the realized gold:silver ratio of 67.6:1.

During Q1, a total of 78,635 tonnes were milled at an average grade of 2.36 g/t gold and 18 g/t silver resulting in the production of 4,998 gold ounces and 25,900 silver ounces.

Mill recoveries during the quarter averaged 83.9% for gold and 56.2% for silver.

"While we experienced lower than expected ore grade and recoveries in this last quarter, we fully expect to meet our annual projections for 2014," said Robert Eadie, President of the Company. "We are continually exploring new areas underground that we are confident will benefit our production. Starcore maintains its strong cash position, and San Martin not only has excellent exploration potential, but it is also a mine that has continued to deliver consistent production year in and year out."

David Gunning, P.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.

ON BEHALF OF STARCORE INTERNATIONAL
MINES LTD.

Signed "Robert Eadie"
Robert Eadie, Executive Chairman, President & CEO

FOR FURTHER INFORMATION PLEASE CONTACT:

Investor Relations
Evan Eadie
Telephone: (416) 640-1936
Toll Free: 1-866-602-4935

The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the adequacy or accuracy of this press release.

Now it's starting to make sense why this thing has tanked ever since they paid a dividend.
The dividend was simply a carrot to get new fish to bite while they dumped. Down 35% since I bought this POS. As for their share buy back BS, I'll believe it when I see it. Market cap is ridiculously low, yet I see no buy-back. If management thought the share price was such a steal, why are they not scooping all the shares?

they have already publicized their intention to buy back
they have allocated up to $1MM to buy back their own shares
and they have approval from the Toronto Stock Exchange to purchase up to 4.7% of outstanding shares or 6,666,666 shares in total.

BUYBACK OF SHARES


I wonder when they will start and if they will set a MAXIMUM on Price and Amount....Would be Good if they indicated their Thoughts in regard to the share price!....An Announcement that read something like...." We believe our shares are very Under-Valued and will be purchasing Shares in the open Market up to a price of .33 with a Maximum purchase of One Million Dollars"....It would be Good to see them put forth Figures to use as Reference for indicating what they believe their Shares are currently worth!!!

a couple of months ago