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Starcore International Mines Third Quarter 2023 Earnings: CA$0.038 loss per share (vs CA$0.008 loss in 3Q 2022)

Starcore International Mines (TSE:SAM) Third Quarter 2023 Results

Key Financial Results

  • Revenue: CA$6.16m (up 14% from 3Q 2022).

  • Net loss: CA$1.86m (loss widened by 376% from 3Q 2022).

  • CA$0.038 loss per share (further deteriorated from CA$0.008 loss in 3Q 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Starcore International Mines Earnings Insights

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Metals and Mining industry in Canada.

Performance of the Canadian Metals and Mining industry.

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The company's shares are up 5.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Starcore International Mines you should be aware of, and 1 of them doesn't sit too well with us.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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