Starcore International Mine (TSE:SAM) has released an update.
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Starcore International Mines Ltd. has reported a strong fourth quarter for 2024, with significant improvements in production at the San Martin Mine in Mexico, including a 29% increase in gold equivalent ounces produced compared to the previous quarter. The success is attributed to a new geological model which has identified new exploration targets and ore bodies, allowing for the economical processing of previously untapped carbonaceous ore for gold and silver recovery. These advancements have led to a focused exploration program aimed at increasing the mine’s reserves.
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