Northwire Canada EditionMonday, September 14, 2026
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GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2% GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2%
Drill Results Routine +

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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