Business
Starcore Reports Q2 Results
Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Starcore International Mines...
About this update from Starcore International Mines Ltd.
[{"type":"text","content":"Starcore Reports Q2 ResultsVancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Starcore International Mines Ltd. (TSX: SAM) (\"Starcore\" or the \"Company\") reports the results for the second quarter ended October 31, 2025 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.\"We have been addressing the production issues over this past quarter with modifications to our plant process, as outlined in our recent production news release,\" stated Robert Eadie, Chief Executive Officer. \"We expect that these changes will improve our recoveries and we will return to our previous robust mining and plant operations which will be reflected in the next quarter.\"Financial Highlights for the three-month period ended October 31, 2025 (Unaudited):Cash on hand is $9.8 million and working capital of $7.0 million at October 31, 2025;Gold and silver sales of $10.7 million;Income from mining operations of $2.4 million;Loss of $0.7 million, or ($0.01) per share; andEBITDA(1) of $1.7 million for the six-month period ended October 31, 2025.The following table contains selected highlights from the Company's unaudited consolidated statement of operations for the three and six months ended October 31, 2025 and 2024:(in thousands of Canadian dollars) (Unaudited)Three Months ended October 31,Six Months ended October 31,2025202420252024Revenues$10,698$4,900$19,334$13,777Cost of Sales(8,335)(5,280)(15,074)(12,024)Income (loss) from mining operations 2,363(380)4,2601,753Administrative expenses, interest and foreign exchange(2,487)(1,592)(3,989)(2,974)Gain on sale of assets--38-Other income13-13-Write-down of exploration and evaluation expenditures(550)-(550)-Unrealized gain (loss) on investment(19)-97(39)Income tax - current and deferred recovery (expense) (30)(115)348(431)Net income (loss)$(710)$(2,087)$217$(1,691)Income (Loss) per share - basic & diluted$(0.01)$(0.03)$0.00$(0.02) Reconciliation of Net income to EBITDA(1)For the six months ended October 31,20252024Net Income (los...