Starcore International Mines (TSX:SAM) Reports First Quarter Production Results and Upcoming Testing Plans

2 min read | August 19, 2024 04:37 AM EDT | By Team Kalkine Media

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Starcore International Mines (TSX:SAM) Reports First Quarter Production Results and Upcoming Testing Plans — Image source: shutterstock

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Starcore International Mines Ltd. (TSX:SAM) has released its production results for the first fiscal quarter ending July 2024 at its San Martin Mine, located in Queretaro, Mexico. The company reported steady output, reflecting the average production levels anticipated for the forthcoming quarters.

In a statement, Salvador Garcia, Chief Operating Officer of Starcore, noted that the current results are consistent with their projections. “The first quarter results are indicative of the average production we expect to see in the coming quarters,” Garcia commented. He emphasized that the data exclusively pertains to oxide ore, which has been the focus of their current operations.

Starcore’s ongoing efforts to enhance recovery from its carbonaceous ore have been a key area of development. In May 2024, the company announced its collaboration with Kappes Cassiday & Associates, a prominent engineering firm based in Reno, Nevada. Kappes Cassiday specializes in heap leaching and cyanide processing, and their expertise is instrumental in optimizing gold and silver recovery from challenging ore types.

The partnership aims to tackle the complexities associated with carbonaceous ore, which has historically presented significant recovery challenges. Recent laboratory tests conducted by Kappes Cassiday have yielded promising results, paving the way for industrial testing scheduled to commence next month. This phase will further evaluate and refine the methods necessary to improve recovery rates and overall efficiency.

The forthcoming industrial tests are a crucial step for Starcore as it seeks to enhance its ore processing capabilities and sustain its production targets. The company remains focused on advancing its technological approaches and optimizing resource extraction at the San Martin Mine, ensuring continued operational success and growth in the coming quarters.

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