Starcore International Mine (SAM) AI Stock Analysis

• Market Cap: C$27.41M
• Dividend Yield: N/A
• Average Volume (3M): 286.23K
• Price to Earnings (P/E): 40.2
• Beta (1Y): 1.11
• Revenue Growth: 3.06%
• EPS Growth: -76.81%
• Country: CA
• Employees: 53
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Industrial Materials
• EPS (TTM): 0.01
• Shares Outstanding: 66,863,520
• 10 Day Avg. Volume: 491,163
• 30 Day Avg. Volume: 286,231
• PEG Ratio: -0.94
• Price to Book (P/B): 0.44
• Price to Sales (P/S): 0.56
• P/FCF Ratio: -9.47
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: C$0.50
• Price Target Upside: 21.95% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 58 Neutral
• Price Target: C$0.50 ▲(21.95% Upside)

The overall stock score of 58 reflects a mixed outlook. The most significant factor is the company's financial performance, which shows challenges in revenue growth and profitability. Technical analysis is a positive aspect, indicating upward momentum. However, the valuation is moderate, with a high P/E ratio and no dividend yield. The absence of earnings call data and corporate events limits further insights.

Starcore International Mine Business Overview & Revenue Model

Company Description

Starcore International Mines Ltd., a mineral resource company, engages in exploring, extracting, and processing mineral resources in Mexico. The company, through its subsidiary, Compañia Minera Peña de Bernal, S.A. de C.V., explores for gold and silver deposits. Its principal property is the San Martin mine consists of 8 mining claims that covers an area of 12,991.78 hectares located in Queretaro, Mexico. The company was formerly known as Starcore International Ventures Ltd. and changed its name to Starcore International Mines Ltd. in February 2008. Starcore International Mines Ltd. was incorporated in 1980 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Starcore International Mine generates revenue primarily through the sale of precious metals, particularly gold and silver, extracted from its mining operations. The company operates on a model that includes both direct sales of mined metals to wholesalers and refiners, as well as potential partnerships with other mining companies for joint ventures or collaborations in exploration. Key revenue streams include the direct sale of bullion, which is influenced by global market prices, as well as any additional revenue from by-products or royalties from mineral rights. Furthermore, the company may benefit from strategic partnerships that enhance operational efficiency and market access, contributing to its overall earnings.

Starcore International Mine Financial Statement Overview

Summary

Starcore International Mine shows solid revenue growth and a strong balance sheet with low leverage. However, profitability is a concern with low net margins and operational inefficiencies. Cash flow challenges persist, with negative free cash flow growth and insufficient operating cash flow coverage.

Income Statement

The company shows a positive revenue growth rate of 10.3% in the latest year, indicating a healthy top-line expansion. Gross profit margin improved significantly to 29.95%, reflecting better cost management. However, the net profit margin remains low at 0.67%, suggesting challenges in converting revenue into profit. The EBIT margin is negative, indicating operational inefficiencies.

Balance Sheet

The debt-to-equity ratio is low at 0.018, indicating a conservative leverage position and financial stability. Return on equity is modest at 0.53%, suggesting limited profitability relative to shareholder equity. The equity ratio stands at 72.99%, reflecting a strong equity base relative to total assets.

Cash Flow

The company faces challenges with negative free cash flow growth and a negative free cash flow to net income ratio, indicating cash flow issues. The operating cash flow to net income ratio is 0.33, suggesting that operating cash flow is not fully covering net income, which could impact liquidity.

Breakdown	TTM	Dec 2025	Dec 2023	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	31.92M	32.16M	22.91M	28.33M	25.68M	26.80M
Gross Profit	9.24M	9.63M	-1.50M	5.19M	5.31M	6.40M
EBITDA	2.22M	2.82M	-637.00K	901.00K	6.36M	6.05M
Net Income	746.00K	215.00K	-5.26M	1.63M	2.40M	2.89M
Balance Sheet
Total Assets	57.98M	56.00M	50.91M	51.97M	52.04M	46.47M
Cash, Cash Equivalents and Short-Term Investments	1.41M	3.50M	7.08M	5.66M	9.31M	5.17M
Total Debt	1.07M	733.00K	384.00K	758.00K	898.00K	947.00K
Total Liabilities	16.40M	15.13M	12.13M	11.37M	11.99M	10.19M
Stockholders Equity	41.58M	40.87M	38.78M	40.60M	40.05M	36.28M
Cash Flow
Free Cash Flow	-3.36M	-1.90M	-3.83M	-854.00K	3.08M	6.15M
Operating Cash Flow	1.55M	2.35M	-2.32M	1.89M	5.83M	7.73M
Investing Cash Flow	-4.91M	-4.25M	-1.47M	-2.19M	-1.02M	-1.12M
Financing Cash Flow	-836.00K	-243.00K	553.00K	-390.00K	-611.00K	-3.96M

Starcore International Mine Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.41
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SAM, the sentiment is Positive. The current price of 0.41 is above the 20-day moving average (MA) of 0.40, above the 50-day MA of 0.35, and above the 200-day MA of 0.24, indicating a bullish trend. The MACD of 0.03 indicates Negative momentum. The RSI at 60.07 is Neutral, neither overbought nor oversold. The STOCH value of 52.27 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SAM.

Starcore International Mine Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAM	58 Neutral	C$27.41M	40.18	1.79%	―	3.06%	-76.81%
TGOL	44 Neutral	C$20.16M	-16.67	―	―	―	-92.00%
CCE	42 Neutral	C$30.74M	-9.93	―	―	―	91.17%
SME	40 Underperform	C$11.00M	2.59	―	―	―	393.02%
PX	38 Underperform	C$44.42M	-40.18	―	―	―	41.67%
ORNG	32 Underperform	C$12.28M	-2.56	―	―	―	-351.70%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%

Starcore International Mine Corporate Events

Starcore International Mines Reports Successful Commissioning of New Processing Circuit

Starcore International Mines Ltd. announced its fourth-quarter production results for the San Martin Mine in Queretaro, Mexico. The company successfully commissioned a new processing circuit for carbonaceous ore, achieving significant production milestones with 5,000 tonnes of ore processed and 180 gold equivalent ounces produced. This development is expected to extend the mine’s life and enhance exploration potential, particularly in the San José mine area. The company continues to focus on sustainable growth and operational efficiency, maintaining its position in the precious metals industry.

Starcore Completes Auger Drilling at Kimoukro Gold Project

Starcore International Mines Ltd. has completed an auger drilling and soil geochemistry campaign at its Kimoukro gold project in Côte d’Ivoire. The campaign aimed to confirm previously identified gold anomalies and explore untested areas, resulting in the collection of 1,367 samples. Despite weather challenges, the drilling was successful, providing valuable data for future exploration efforts and potentially enhancing the company’s position in the gold mining sector.

Starcore Unveils Promising Geophysical Survey Results at Kimoukro Gold Project

Starcore International Mines Ltd. has announced the results of a geophysical survey conducted at its Kimoukro gold project in the Ivory Coast. The survey, which included Induced Polarisation, Resistivity, and ground Magnetic methods, identified multiple moderate-to-strong chargeability anomalies that will guide future drilling targets. The findings highlight significant structural features and potential mineralized zones, which could enhance Starcore’s exploration efforts and strengthen its position in the gold mining sector.

Starcore Advances Exploration at Kimoukro Gold Project

Starcore International Mines Ltd. has announced advancements in the exploration of its Kimoukro Gold Project located in the Fetekro-Oumé greenstone belt in Côte d’Ivoire. This region is known for its rich gold deposits, and the project is strategically positioned near other significant mines. The geological conditions, characterized by complex structural features and favorable mineralization conditions, suggest promising potential for gold discovery, which could enhance Starcore’s operations and strengthen its position in the mining industry.

Starcore Achieves Breakthrough in Carbonaceous Ore Processing at San Martin

Starcore International Mines Ltd. has announced successful test results for processing carbonaceous ore at its San Martin mine, achieving over 80% gold and 63% silver recovery rates. This development allows for the continuous processing of carbonaceous ore, expected to significantly increase cash flow and resource estimates, marking a major advancement for the company’s operations.

Starcore International Mines Reports Strong Q3 Earnings and Positive Outlook

Starcore International Mines Ltd. reported its financial results for the third quarter ending January 31, 2025, highlighting a return to full production with earnings from mining operations reaching $2.1 million and positive cash flow. The company achieved gold and silver sales of $9.0 million and anticipates further increases in metal production following the completion of carbonaceous ore tests, which could enhance its market positioning and stakeholder value.