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NNX 0.035 +0.0% ABX 51.82 −0.8% TTS 2.50 +0.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.90 +10.1% TUNG 1.72 +1.8% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.40 −0.5% SGZ 0.045 +0.0% S 0.160 +33.3% GRSL 0.310 −3.1% DEX 0.390 +1.3% WMS 0.040 +0.0% NNX 0.035 +0.0% ABX 51.82 −0.8% TTS 2.50 +0.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 22.90 +10.1% TUNG 1.72 +1.8% LGO 1.00 −3.9% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.40 −0.5% SGZ 0.045 +0.0% S 0.160 +33.3% GRSL 0.310 −3.1% DEX 0.390 +1.3% WMS 0.040 +0.0%
Regulatory Neutral

Starcore Starts Trading on OTCQX

Starcore International’s OTCQX listing broadens US access but fails to offset persistent grade decline and cost creep at its San Martin project.

By The Northwire Desk — AI Analysis Jun 17, 2026 · 07:31 SAM · 0.56 Starcore International Mines Ltd.
Executive Summary
  • Starcore International Mines Ltd. (TSX: SAM) officially qualified to trade on the OTCQX® Best Market under the ticker SHVLF, effective June 17, 2026.
  • The listing provides U.S. investors with Real-Time Level 2 quotes and financial disclosures via the OTC Markets platform.
  • Management frames the move as a strategic step to enhance corporate visibility, improve accessibility for U.S. investors, and broaden awareness within the North American investment community.
  • The company continues to operate its producing San Martin gold mine and the La Tortilla silver project in Querétaro, Mexico.
  • No changes to operations, production targets, cost structure, or capital allocation were announced alongside the listing.
Material Impact
  • The OTCQX listing is a standard administrative qualification for Canadian issuers seeking U.S. market access.
  • It does not alter production, costs, margins, balance sheet, or mining operations.
  • The market has already priced in operational disappointments, as evidenced by the ~60% decline from the January 2026 peak.
  • The listing may marginally improve liquidity and retail/institutional access in the U.S., but it does not address underlying operational headwinds.
  • Rating calibration: The chart already reflects the operational miss and restructuring; the listing itself is not a catalyst for a re-rating.
SAM · Price
Company Overview
  • Primary asset: San Martin Mine, Querétaro, Mexico. Low-sulfidation epithermal gold-silver system hosted in Upper Cretaceous carbonate sequences.
  • Secondary asset: La Tortilla Project (San Juan Nepomuceno), Querétaro, Mexico. Historic silver mine under a 10-year lease with a 2% NSR royalty.
  • Corporate restructuring: Spin-out of Côte d'Ivoire assets to EU Gold Mining Inc. (completed March 2026). Sale of Ajax Property in British Columbia to Korestar Exploration (related-party transaction).
  • Focus: Exclusively on Mexican gold and silver producing assets following the spin-outs.
Read the original news release →

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May 27, 2026 · 02:31

Starcore Secures Social License for La Tortilla, Mitigating Regulatory Risk Amidst San Martin Production Challenges

Production / Operations May 19, 2026 · 02:30

Production Dip Signals Operational Headwinds Despite New Ore Discovery

Production / Operations Apr 22, 2026 · 02:30

Starcore Explores Depth at San Martin Following Production Turnaround

Drill Results Mar 24, 2026 · 10:41

Starcore accepts Korestar's offer on Ajax property

M&A / Property Mar 24, 2026 · 02:31

Starcore reshapes assets with Ajax sale as stock-focus shifts to Mexican operations and Africa spin-out evolves

M&A / Property Mar 17, 2026 · 17:06

Starcore Completes Spin-out of Interests in Cote d'Ivoire

Financings