Starcore reports lower Q4 gold output due to mining challenges but finds new high-grade ore at San Martin mine.

Starcore International Mines reported a 20% drop in gold equivalent ounces in Q4 2026 at its San Martin Mine due to difficult mining conditions caused by fault lines and soft material around high-grade reserves. The company quickly shifted focus to a new high-grade ore body reached by quarter-end and conducted extensive geophysical surveys covering 70% of its concession. Efforts to boost production include processing carbonaceous ore with promising gold and silver grades. Results from surveys are expected by late May, indicating potential for improved future output.