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The latest announcement is out from Starcore International Mine ( (TSE:SAM) ).
Starcore International Mines reported a strong third quarter to January 31, 2026, marking a return to full production at its San Martin mine in Mexico and driving significantly improved earnings from mining operations of $6.2 million for the quarter and $10.4 million for the nine-month period. The company generated gold and silver sales of $13.5 million, income of $1.3 million, and positive cash flow of over $8.4 million, supported by equivalent gold production of 2,162 ounces and ongoing processing upgrades for higher-grade carbonaceous ore, which signal potential for further production gains and bolstered financial resilience.
Starcore ended the quarter with cash and cash equivalents of $12.4 million and reported EBITDA of $4.0 million for the nine-month period, underscoring improved operational performance despite relatively high mine operating cash costs and all-in sustaining costs. Management highlighted the completion of equipment installations to handle more complex ore as a key operational milestone that could enhance metal output going forward, reinforcing the company’s position as an established mid-tier precious metals producer in the Mexican mining landscape and offering a constructive outlook for stakeholders focused on profitability and operational stability.
The most recent analyst rating on (TSE:SAM) stock is a Hold with a C$1.50 price target. To see the full list of analyst forecasts on Starcore International Mine stock, see the TSE:SAM Stock Forecast page.
Spark’s Take on TSE:SAM Stock
According to Spark, TipRanks’ AI Analyst, TSE:SAM is a Neutral.
The score is primarily supported by solid financial structure (very low leverage) and strong revenue growth, but held back by weak profitability/operational efficiency (negative EBIT), cash flow pressure, and a relatively high P/E. Technicals add moderate risk due to weak near-term momentum despite a still-positive longer-term trend.
To see Spark’s full report on TSE:SAM stock, click here.
More about Starcore International Mine
Starcore International Mines Ltd. is a precious metals producer focused on Mexico, with core operations at the San Martin gold mine and the La Tortilla silver mine in Querétaro. The company emphasizes corporate social responsibility and pursues value-driven decisions aimed at enhancing long-term shareholder value in the gold and silver mining sector.
Average Trading Volume: 437,831
Technical Sentiment Signal: Buy
Current Market Cap: C$111.4M
For a thorough assessment of SAM stock, go to TipRanks’ Stock Analysis page.