STARCORE INTERNATIONAL MINES Business Summary

Starcore International Mines Ltd. (SHVLF) is a junior precious metals producer primarily generating revenue through the extraction, processing, and sale of gold and silver concentrates. Its core business is centered on the 100%-owned San Martin Mine in Querétaro, Mexico, which serves as the company's primary source of operating cash flow. Following the February 2026 completion of a strategic spin-out of its West African exploration assets into EU Gold Mining Inc., Starcore has transitioned into a pure-play North American operator focused on optimizing its CIL (Carbon-in-Leach) circuit and expanding its mineral reserve base through aggressive near-mine drilling. Within the competitive landscape, Starcore competes with other Mexico-focused junior and mid-tier miners such as Impact Silver Corp., Minera Alamos Inc., and Orla Mining Ltd. It distinguishes itself as a high-leverage, single-asset producer currently undergoing an operational turnaround to restore "robust" production levels following technical modifications to its processing plant in early 2026. The company is led by Founder, President, and CEO Robert Eadie, who brings over 20 years of experience in resource finance and has raised more than $100 million for global exploration projects. The technical leadership is anchored by Chief Operating Officer Salvador Garcia, a veteran with 39 years of Mexican mining experience, including a former tenure as Vice President for Mexico at Goldcorp where he oversaw major operations like Los Filos and Peñasquito. Financial oversight is managed by CFO Gary Arca, a Chartered Professional Accountant with four decades of experience in the regulatory and financial management of public resource companies. The Board of Directors includes notable industry figures such as Jordan Estra, a former lead research analyst for major international investment banks, and Federico Villaseñor, who held senior roles at Peñoles and Grupo Mexico. As of February 2026, CEO Robert Eadie remains a significant shareholder, maintaining a direct stake of approximately 7.7% in the company.