Starcore International Mines Ltd.

Climate Impact & Sustainability Data (2023)

11% reduction in energy consumption resulting in a savings of 154.37 KW at San Martin Mine.
Dry stack tailing method implemented, reducing water consumption by 80-85%, windborne dust, and risk of discharging harmful solutions to the environment.
Donated 500+ trees for reforestation efforts.

Comprehensive overhaul and upgrade of mine kitchen facilities, focusing on health awareness and best practices.
Two safety training programs for kindergarten children in San Martin community.
First aid training sessions for the community.
Improved nutrition and medical care for employees (future project).

Participation in UN review assessing sustainability of mining industry in Mexico.
Strategic adjustment of corporate approach to minimize geopolitical risks.
Acquisition of Kimoukro gold project to diversify risk profile.

Long-term Goals:

Medium-term Goals:

Short-term Goals:

Difficult mining operating environment.
Demanding regulatory landscape in Mexico.
Increased demand on compliance regulations from Canadian stock exchanges.
Lower ore grades and recoveries at San Martin Mine.
Rising expenses due to higher input costs for labor, electricity, and fuel, and increased development costs per meter.
Insufficient rainfall hindering reforestation efforts.
Less favorable exchange rate (US dollar depreciating against Mexican peso).

Strategic cost-cutting measures.
New geological model to define exploration targets.
Temporarily halting drilling exploration to complete the new geological model.
Engaging external geologists and utilizing new software.
Exploring additional mineral sources with nearby mines to utilize plant capacity.
Focus on improving ore grade and production, and reducing costs.

Frameworks Used: Agenda 2030

Starcore's initiatives align with all 17 UN Sustainable Development Goals (SDGs) as outlined in Agenda 2030.