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Starcore International Mine
(TSX:SAM)
Starcore International Mine (SAM) vs. iShares MSCI Canada ETF (EWC)
Starcore International Mine Business Overview & Revenue Model
Starcore International Mine Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2023 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 31.92M | 32.16M | 22.91M | 28.33M | 25.68M | 26.80M |
| Gross Profit | 9.24M | 9.63M | -1.50M | 5.19M | 5.31M | 6.40M |
| EBITDA | 2.22M | 2.82M | -637.00K | 901.00K | 6.36M | 6.05M |
| Net Income | 746.00K | 215.00K | -5.26M | 1.63M | 2.40M | 2.89M |
Balance Sheet | ||||||
| Total Assets | 57.98M | 56.00M | 50.91M | 51.97M | 52.04M | 46.47M |
| Cash, Cash Equivalents and Short-Term Investments | 1.41M | 3.50M | 7.08M | 5.66M | 9.31M | 5.17M |
| Total Debt | 1.07M | 733.00K | 384.00K | 758.00K | 898.00K | 947.00K |
| Total Liabilities | 16.40M | 15.13M | 12.13M | 11.37M | 11.99M | 10.19M |
| Stockholders Equity | 41.58M | 40.87M | 38.78M | 40.60M | 40.05M | 36.28M |
Cash Flow | ||||||
| Free Cash Flow | -3.36M | -1.90M | -3.83M | -854.00K | 3.08M | 6.15M |
| Operating Cash Flow | 1.55M | 2.35M | -2.32M | 1.89M | 5.83M | 7.73M |
| Investing Cash Flow | -4.91M | -4.25M | -1.47M | -2.19M | -1.02M | -1.12M |
| Financing Cash Flow | -836.00K | -243.00K | 553.00K | -390.00K | -611.00K | -3.96M |
Starcore International Mine Technical Analysis
Starcore International Mine Risk Analysis
Starcore International Mine Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | C$43.46M | 58.04 | 1.79% | ― | 3.06% | -76.81% | |
44 Neutral | C$16.38M | ― | -6.33% | ― | ― | 6.45% | |
42 Neutral | ― | ― | -6.03% | ― | ― | 91.17% | |
40 Underperform | C$12.10M | 2.59 | -53.52% | ― | ― | -294.04% | |
38 Underperform | C$53.60M | ― | ― | ― | ― | 47.56% | |
32 Underperform | C$10.98M | -2.56 | -47.73% | ― | ― | -763.79% |
Starcore International Mine Corporate Events
Starcore International Mines reported a decrease in metal production for the second quarter of fiscal 2026 at its San Martin Mine in Mexico, primarily due to clay presence causing a ‘preg-robbing’ effect and carbon fines absorbing gold and silver. To address these issues, the company optimized its CIL plant, installed filter presses, and began separating processing circuits. These improvements, along with a new cyanide destruction module, are expected to enhance recovery rates and allow processing of stockpiled ore, potentially stabilizing production and maintaining profitability.
Starcore International Mines Ltd. has successfully closed a non-brokered private placement, raising $5 million through the issuance of 20 million units at $0.25 per unit. This financing move, which includes common shares and warrants, aims to strengthen the company’s financial position and support its ongoing operations and expansion efforts. The completion of this financing underscores Starcore’s strategic focus on enhancing shareholder value and expanding its market presence.
Starcore International Mines Ltd. announced the results of its annual general meeting, where 48.75% of shareholders were present. Key outcomes included the election of all management-nominated directors, approval of a Plan of Arrangement for spinning out mineral property interests in Côte d’Ivoire, and a private placement offering to raise $5 million. The board appointed new executives, including Robert Eadie as President and CEO, signaling strategic leadership changes.
Starcore International Mines Ltd. has finalized a ten-year lease on the Tortilla Project, a historical silver mine in Queretaro, Mexico, through its subsidiary, Compañia Minera Peña de Bernal. The lease involves six mineral claims and concessions, with the potential for significant economic development due to promising metallurgical test results. The project includes two main mineralized zones, with high silver and gold grades, and the potential for greater yields at deeper levels. The company has an option to purchase the claims and concessions, as well as the NSR, which could enhance its operations and provide substantial returns for shareholders.
Starcore International Mines Ltd. announced that its $5 million private placement, initially announced in August 2025, has been oversubscribed, reflecting strong investor interest from seven countries. The company successfully closed the first tranche of the financing with proceeds of over $2.6 million, issuing common shares and warrants. This oversubscription highlights Starcore’s expanding global reach and investor confidence in its operations, potentially strengthening its market position and stakeholder value.
Starcore International Mines Ltd. has issued guidance for shareholders amid a postal strike in Canada, which is affecting the delivery of shareholder communications and proxy materials. To ensure participation in the upcoming Annual General and Special Meeting, Starcore has provided alternative methods for shareholders to access meeting materials and vote, including online and telephone options. This proactive approach aims to mitigate the impact of the postal disruption and ensure shareholder engagement and voting are not compromised.
Starcore International Mines Ltd. reported its financial results for the first quarter ending July 31, 2025, highlighting challenges in operations and recovery. Despite these challenges, the company remains optimistic about its production projections. Financially, the company achieved gold and silver sales of $8.7 million, with a net income of $0.9 million. Production included 2,130 equivalent gold ounces, with operating cash costs and all-in sustaining costs at US$2,499 and US$3,081 per equivalent ounce, respectively. These results indicate a slight decrease in production and profitability compared to the previous year, impacting the company’s operational efficiency and cost management.