The latest announcement is out from Starcore International Mine ( (TSE:SAM) ).
Starcore International Mines Ltd. has announced its third quarter production results, showcasing a return to normal operations at its San Martin Mine in Mexico after a previous two-month suspension. The company reported a significant increase in production, with 2,268 equivalent ounces of gold produced compared to 1,466 in the previous quarter. This improvement is attributed to the mining of oxide ore and anticipated recovery from carbonaceous ore, which is expected to contribute an additional 1 million tonnes of reserves. These developments indicate an extended mine life and potential for further exploration at the San Martin Mine, signaling a positive outlook for the company’s future operations.
More about Starcore International Mine
Starcore International Mines Ltd. is a mining company that primarily focuses on the extraction of gold and silver. The company operates the San Martin Mine located in Queretaro, Mexico, and is listed on the Toronto Stock Exchange under the symbol SAM.
YTD Price Performance: 7.69%
Average Trading Volume: 25,619
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$9.36M
See more data about SAM stock on TipRanks’ Stock Analysis page.