Starcore International Mines (SHVLF) reported higher revenue and earnings for the first quarter ended July 31, 2026, from its Mexican mining operations.
Revenue rose to $10.5 million from $8.6 million a year earlier, generating income from mining operations of $2.2 million versus $1.9 million. Net income increased to $3.1 million, or $0.03 per share, up from $0.01 per share, supported by a swing in administrative items to a $415 thousand recovery from a $1.5 million expense. EBITDA grew to $3.7 million from $1.5 million, with EBITDA margin improving to 35.1% from 17.6%. Cash on hand was $8.0 million, working capital was $11.3 million, and total assets were $73.5 million.
Equivalent gold production was 2,008 ounces, with mine operating cash costs of US$3,180 per equivalent ounce and all‑in sustaining costs of US$3,940 per equivalent ounce.
Starcore (TSX:SAM, OTCQX:SHVLF) began trading on the OTCQX Best Market on June 17, 2026. The company is already listed on the Toronto Stock Exchange and now offers U.S. investors access via OTCQX under ticker SHVLF.
According to Starcore, OTCQX status reflects meeting specified financial, governance and securities law compliance standards, enhances transparency with U.S. investors, and broadens visibility in the North American investment community. U.S. investors can access its financial disclosure and real-time Level 2 quotes on otcmarkets.com.
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