Starcore International earns $927,000 in fiscal Q1

Executive Summary

• Starcore International Mines Ltd. reported Q1 2025 financial and production results for the quarter ended July 31, 2025.
• Net income of C$0.9 million (C$0.01 per share) and EBITDA of C$1.3 million were generated despite operational challenges.
• Equivalent gold production was 2,130 oz with mine operating cash cost of US$2,499/oz and all‑in sustaining cost of US$3,081/oz.

Key Details

• Cash & Working Capital: Cash on hand C$0.9 million; working capital C$1.6 million.
• Revenue: Gold and silver sales totaled C$8.7 million for the quarter.
• Operating Income: Income from mining operations C$1.9 million.
• Net Income: C$0.9 million, or C$0.01 per share (unaudited).
• EBITDA: C$1.3 million.
• Gold Production: 2,130 oz equivalent gold produced in Q1 2025.
• Cost Metrics: Mine operating cash cost US$2,499 per equivalent ounce; all‑in sustaining cost US$3,081 per equivalent ounce.
• Management Commentary: CEO Robert Eadie noted that operational and recovery challenges were addressed and production is expected to continue as projected.
• Qualified Person: Salvador Garcia, BEng (Director & COO), qualified under NI 43‑101, prepared the technical information.

Notable Quotes

“Although we faced some operational and recovery challenges this quarter, we are confident that the adjustments we've made have resolved the issues and production will continue as projected,” – Robert Eadie, CEO.