Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Drill Results

Starcore Announces Airborne MobileMT Geophysical Survey at San Martin Mine, Queretaro, Mexico

Starcore Explores Depth at San Martin Following Production Turnaround

By The Northwire Desk — AI Analysis Apr 22, 2026 · 02:30 SAM · 0.79 Starcore International Mines Ltd.
Executive Summary
  • Starcore International Mines Ltd. initiated an airborne Mobile Magnetotelluric (MobileMT) geophysical survey over its San Martin mining concessions in Querétaro, Mexico.
  • The survey covers approximately 711 line-kilometres across a 99.13 square kilometre area with 150-metre line spacing.
  • Data acquisition is expected to be completed within one week; final processed data products are anticipated within eight weeks following completion.
  • Primary objectives include identifying deep structural features associated with known mineralization and delineating potential extensions of mineralized vein systems beneath cover.
  • The survey targets a depth of investigation up to approximately 2 kilometres using an Airbus AS350 series helicopter platform.
  • Qualified Person Dr. Riccardo Aquè, Ph.D. Eurogeol is overseeing the technical aspects of the program.
Material Impact
  • The news represents routine exploration activity rather than a discovery announcement or financial result; therefore, immediate material price impact is limited.
  • This follows strong Q3 2026 results (March 2026) where the company reported a return to full production and positive cash flow of over C$8.4 million.
  • The survey confirms management's commitment to extending mine life at the core San Martin asset, aligning with previous guidance regarding high-grade extensions.
  • While positive for long-term value, exploration surveys are standard operational updates that do not guarantee resource expansion or immediate production increases.
  • The timing suggests a strategic push to generate new drilling targets before the next fiscal year planning cycle, indicating disciplined capital allocation.
SAM · Price
Company Overview
  • Flagship Project: San Martin Mine in Querétaro State, Mexico, a low-sulfidation epithermal gold-silver system hosted in Upper Cretaceous carbonate sequences.
  • Secondary Asset: La Tortilla Silver mine (San Juan Nepomuceno) leased for ten years with high-grade silver intercepts identified.
  • Operational Status: Returned to full production in Q3 2026 after resolving preg-robbing issues and carbon fines interference in processing circuits.
  • Production Metrics: Q3 2026 delivered 2,162 ounces gold equivalent with all-in sustaining costs of US$3,554 per ounce.
  • Corporate Structure: Post-spin-out focus is exclusively on Mexican producing assets; African interests transferred to EU Gold Mining Inc.
Read the original news release →

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Regulatory May 27, 2026 · 02:31

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

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