Vancouver, British Columbia–(Newsfile Corp. – November 19, 2025) – Starcore International Mines Ltd. (TSX: SAM) (“Starcore” or “the Company”) announces production results for the first fiscal quarter ended October 2025 at its San Martin Mine (“San Martin”) in Queretaro, Mexico.

Our metal production was lower again this quarter due to two main issues. The first was the presence of clay in the ore, which caused what’s known as a “preg-robbing” effect where the clay traps some of the gold, reducing recovery. The second issue was that fine particles of activated carbon (called carbon fines) mixed with the pulp sent to the desorption process (ADR). These carbon fines absorbed gold and silver from the ore, which further lowered overall recovery rates.

To address the clay-related issue, we

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