STARCORE Reports Second Quarter Production Results

(TSX:SAM) Starcore International Mines Ltd. announced production results for the 2027 second fiscal quarter ended October 30, 2026, at its San Martin Mine in Queretaro, Mexico. The company optimized its carbonaceous ore processing circuit during the quarter. Starcore achieved its target of processing 100 tons per day, maintaining a grade of 3 grams of gold and 20 grams of silver per ton. Recovery rates were 80% for gold and 70% for silver during this period. In the final month of the quarter, the company processed 2,564 dry tons, with a grade of 4.82 g/t gold and 25.3 g/t silver. Recovery rates in the final month reached 80.7% for gold and 74.2% for silver. Gold equivalent production for the final month was 170 ounces, with an in-process inventory of 120 ounces of gold equivalent yet to be recovered. Salvador García, Chief Operating Officer and director, stated that these actions and achievements give the company confidence that improved results will soon be seen for the operation, company, and stakeholders. Salvador García, B. Eng., is the qualified person for the project as required under NI 43-101 and prepared the technical information in the release. The company granted an aggregate of 7,900,000 incentive stock options to directors, officers, employees, and consultants at an exercise price of $0.30 per share. The options are exercisable for five years, with 50% vesting after four months and one day from the date of grant, and the remaining 50% vesting after the first anniversary of the option grants. The options expire on November 13, 2031, and are subject to the requirements of the Toronto Stock Exchange. Starcore's producing assets include the San Martin Mine and the permitted La Tortilla silver project, both in Queretaro, Mexico. Robert Eadie is the Chief Executive Officer of Starcore International Mines Ltd.

Boston Beer Reports Third Quarter Financial Results

(NYSE:SAM) The Boston Beer Company, Inc. reported financial results for the third quarter ended September 26, 2026. Third quarter depletions decreased 5% and shipments decreased 4.9%. Net revenue for the quarter was $520.1 million, a decrease of 3.2%. Gross margin for the quarter was 51.7%, up 90 basis points year over year. GAAP diluted income per share for the quarter was $4.21, which includes non-recurring litigation expenses of $0.16 per share, while non-GAAP diluted earnings per share were $4.37. Year-to-date depletions decreased 5% and shipments decreased 5.4%. Year-to-date net revenue was $1.522 billion, down 3.6%. Year-to-date gross margin was 50.5%, up 80 basis points year over year. Year-to-date GAAP diluted loss per share was $4.87, including non-recurring litigation expenses of $14.51 per share, and non-GAAP diluted earnings per share were $9.64. The company ended the third quarter with $308.1 million in cash and no debt. From December 28, 2025 to October 16, 2026, the company repurchased $79.5 million in shares. Third quarter shipment volume was approximately 1.8 million barrels, with declines in Twisted Tea, Truly, and Samuel Adams partially offset by growth in Sun Cruiser and Angry Orchard. Distributor inventories averaged approximately four weeks on hand at quarter end, lower than four and a half weeks at the end of September 2025. The third quarter gross margin included $1.6 million of shortfall fees and non-cash expense of third-party production pre-payments, negatively impacting gross margin by approximately 31 basis points. Advertising, promotional and selling expenses were flat year over year, reflecting $9.5 million in higher freight costs and a $9.0 million reduction in advertising spend. General and administrative expenses decreased by $2.1 million compared to the third quarter of 2025, including $0.4 million of legal fees related to supplier dispute litigation. Litigation expenses of $1.8 million in the quarter represent post-judgment interest expense. The combined pre-tax expense related to the supplier dispute litigation in the third quarter was $2.2 million, reducing earnings per share by $0.16 after tax. Impairment of brewery assets was $2.9 million, up $1.5 million from the prior year. The effective tax rate for the third quarter was 26.7%. Year-to-date shipment volume was approximately 5.4 million barrels. Year-to-date gross margin included $4.8 million of shortfall fees and non-cash expense of third-party production pre-payments, negatively impacting gross margin by approximately 32 basis points. Year-to-date advertising, promotional and selling expenses increased $29.2 million or 6.3%, with higher freight costs of $20.6 million and increased brand local marketing investments of $8.5 million. Year-to-date general and administrative expenses increased $5.4 million or 3.9%, including $5.8 million of legal fees related to supplier dispute litigation. Litigation expense year-to-date was $194.5 million, consisting of a $175.5 million judgment, $15.5 million pre-judgment interest, and $3.5 million post-judgment interest. The combined litigation expense and related legal expenses had an after-tax negative impact on earnings per share of $14.51. Year-to-date impairment of brewery assets was $3.1 million, down $3.3 million from the prior year. The effective tax rate year-to-date was a benefit of 12.4%. Excluding litigation, the effective tax rate was a provision of 29.9%. As of October 16, 2026, the company had approximately $149 million remaining on the $1.6 billion share buyback expenditure limit. Year-to-date depletions through October 17, 2026 are estimated to have decreased approximately 5% from the comparable period in 2025. The company updated its full-year 2026 guidance: depletions and shipments percentage change expected to be down mid-single digits; price increases of 1% to 2%; gross margin (including tariffs) of 49% to 50%; tariff costs of $18 to $22 million; advertising, promotion, and selling expense approximately flat year over year; GAAP tax rate (benefit)/provision of (11.0%) to (12.0%); non-GAAP tax rate provision of 29% to 30%; GAAP EPS (income/(loss)) of ($5.76) to ($4.26); non-recurring litigation expenses impact per share of ($14.76); non-GAAP EPS of $9.00 to $10.50; and capital spending of $55 to $70 million. The company expects its September 26, 2026 cash balance of $308.1 million, projected future operating cash flows, and unused $150 million line of credit to be sufficient to fund future cash requirements, including potential litigation-related payments. The company is monitoring changes in commodity, fuel, and transportation costs, with freight costs remaining elevated. The company expects modest shipment growth in the fourth quarter and year-over-year gross margin rate improvement to be most meaningful in the fourth quarter. During full year 2026, shortfall fees and non-cash expense of third-party production pre-payments are estimated to negatively impact gross margins by 40 to 60 basis points. Advertising investment levels are expected to decline year over year in the fourth quarter. The company plans to provide full year 2027 financial guidance during its fourth quarter earnings call in February 2027.

Dogfish Head’s Most-Requested Rare Beer, Midas Touch, Returns

(NYSE:SAM) Dogfish Head Craft Brewery, a Boston Beer Company brand, announced the return of its most-requested rare beer, Midas Touch, beginning tomorrow. Midas Touch, the first of Dogfish Head’s “Ancient Ales,” is a beer-wine-mead hybrid brewed with barley, honey, white Muscat grapes, and saffron, and has an ABV of 9.0%. The beer is currently being distributed to taps and shelves across select states, with immediate availability at Dogfish Head’s Delaware locations in both draft and 6-pack/12oz cans. Midas Touch is described as medium-bodied, lightly warming, and featuring sweet notes of honey and orchard fruits, with a crisp, vinous finish. Sam Calagione, Brewer & Founder of Dogfish Head, stated that Midas Touch is the most beloved of their rare beers and highlighted the demand from customers for its return. The beverage is a recreation of an ancient drink enjoyed by King Midas of Phrygia, based on chemical evidence found during the excavation of his tomb over 2,700 years ago. Dr. Patrick McGovern of the University of Pennsylvania Museum of Archeology & Anthropology conducted the chemical analysis that informed the recipe. Dogfish Head’s “Ancient Ales” series began with Midas Touch in 1999 and expanded to include other historically inspired beers. Chateau Jiahu, developed in 2006, is a 10.0% ABV recreation of a 9,000-year-old beverage from Northern China’s Neolithic village of Jiahu, using orange honey blossom, Muscat grape juice, barley malt, and hawthorn fruit. Ta Henket, developed in 2010, is a 4.5% ABV recreation of an ancient Egyptian beverage brewed with wheat, hearth-baked bread, chamomile, doum-palm fruit, and Middle Eastern herbs, using a yeast strain native to Cairo. Kvasir, developed in 2013, is a 10.0% ABV recreation of a 3,500-year-old Danish beverage brewed with red winter wheat, bog-grown berries, honey, birch syrup, and herbs, based on analysis of an ancient Nordic drinking vessel. Dogfish Head operates a production brewery and tasting room, a distillery, a brewpub and live music venue, a seafood and cocktail restaurant, and a beer-themed hotel in Delaware. The company has been brewing for more than 31 years and also produces spirits and ready-to-drink canned cocktails.

Starcore Identifies Four Priority Geophysical Exploration Targets at San Martin and Makes Progress on the Structural Model to Define Drilling Targets

(TSX:SAM) Starcore International Mines Ltd. has reported initial results from its 2026 geophysical exploration program at the San Martin Mine in Querétaro, Mexico. The program identified four key areas of interest for follow-up: Anomaly I, Anomaly II, Anomaly III, and Anomaly IV. The 2026 program included an airborne MobileMT electromagnetic survey and concurrent magnetic surveying by Expert Geophysics, covering almost all mining lots, as well as a ground-based Induced Polarization and resistivity (IP/rho) survey by GEOTEM. Historical magnetometer and IP data from 2024 were also reprocessed and interpreted. Anomaly I is located near the mine's infrastructure and the projected extension of known low-angle mineralized bodies, with a potential extension of approximately 300 to 500 meters in length and an E-W orientation; this anomaly will be verified through drilling. Anomaly II extends for approximately 2 kilometers, has been identified in multiple geophysical studies, and requires further processing and three-dimensional interpretation before drill targets are selected. Anomaly III, north of the known San Martin mineralization, is characterized by a deep, high-resistivity core with an oval geometry measuring 700 meters wide and 1,000 meters long; its geological source is undetermined and will require further interpretation and potentially drilling. Anomaly IV is an approximately 600-metre-long geophysical target in the southern sector, between San José I and Santa Elena, and has been selected for near-term drill planning. For Anomaly I, a preliminary program of approximately eight diamond drill holes with a cumulative length of approximately 4,200 meters has been proposed. For Anomaly IV, a 2,500-meter drilling program is planned for the remainder of the year. The company is also reviewing and refining the three-dimensional geological and structural model of the San Martin deposit, focusing on the relationship between mineralization and geological features such as the shale-limestone contact, carbonaceous horizons, brecciated zones, and structural corridors. Immediate exploration priorities include completing the geological and structural review, integrating 2026 geophysical surveys with historical datasets, and refining and evaluating through drilling the exploration targets defined in Anomaly I and Anomaly IV beginning in mid-October 2026. Anomalies II and III will continue to be evaluated through phased geological and geophysical interpretation, with drilling considered where appropriate. Dr. Riccardo Aquè, Ph.D., Eurogeol., an independent geological consultant and Qualified Person as defined in NI 43-101, has reviewed and approved the scientific and technical information in this release. Dr. Aquè has verified the geophysical data, QA/QC procedures, and considers the information adequate to support the preliminary interpretations and exploration objectives described. The interpretations remain preliminary, and geophysical anomalies do not, on their own, establish the presence or continuity of mineralization. Robert Eadie is the Chief Executive Officer of Starcore International Mines Ltd.

STARCORE Reports First Quarter Production Results

(TSX: SAM) Starcore International Mines Ltd. announces production results for the 2027 first fiscal quarter ended July 2026 at its San Martin Mine in Queretaro, Mexico. This month, a steady grinding rate of 100 tons per day was achieved, with grades of 2.62 g/t gold and 20.65 g/t silver, and recovery rates of 74.11% for gold and 68.58% for silver. For Q1 2027, ore milled was 49,555 tons, gold equivalent ounces produced were 2,008, gold grade was 1.35 grams/ton, silver grade was 14.70 grams/ton, gold recovery was 85.49%, and silver recovery was 58.12%. The company implemented a cyanide neutralization process for the solution resulting from the desorption stage at the ADR plant, which has undergone continuous optimization. Geophysical studies were conducted across virtually the entire San Martín mining concession covering 13,000 hectares, and interpretations were received this quarter. Exploration targets have been determined and the company is currently tendering drilling contracts combining reverse circulation and diamond drilling techniques. Starcore International Mines is engaged in precious metals production with focus and experience in Mexico.

Starcore Reports Year End 2026 Results

(TSX: SAM) Starcore International Mines Ltd. has filed the results for the year end dated April 30, 2026 for the Company and its mining operations in Queretaro, Mexico. The Company reported income of $3.2 million from mining operations in the fourth quarter, finishing strong at $13.6 million for the year. Cash on hand is $12.3 million and working capital of $9.7 million at April 30, 2026. Gold and silver sales totaled $44.3 million, with income for the year of $7.0 million, or basic earnings per share of $0.08 per share. EBITDA for the year ended April 30, 2026 was $7.5 million, with an EBITDA margin of 17.0%. Equivalent gold production was 7,874 ounces for the year and 1,722 ounces for the fourth quarter, with mine operating cash cost of US$2,662/EqOz for the year. The company projects to significantly increase metal production, including the permitting and mining of the La Tortilla silver mine project, the full operation of the carbonaceous ore circuit, completion of related plant upgrades, and the analysis of recent IP and Airborne Geophysical survey data to further expand existing operations at the San Martin mine.

Boston Beer Reports Second Quarter Financial Results

(NYSE: SAM) The Boston Beer Company, Inc. reported second quarter 2026 financial results, including net revenue of $568.3 million, a decrease of 3.3%, and a gross margin of 50.4%, up 60 basis points year over year. Depletions decreased 6% and shipments decreased 4.5% in the quarter, with shipment volume at approximately 2.0 million barrels. GAAP diluted income per share was $4.96, including a favorable adjustment to non-recurring litigation expenses of $1.31 per share, while non-GAAP diluted earnings per share were $3.65. Year-to-date 2026 net revenue was $1.002 billion, down 3.8%, with a gross margin of 49.9% and shipment volume of approximately 3.6 million barrels, a 5.6% decrease. The company ended the second quarter with $265.5 million in cash and no debt, and repurchased $54 million in shares from December 29, 2025 to July 17, 2026. The company projects full-year 2026 depletions and shipments percentage change down low-single digits to mid-single digits, gross margin (including tariffs) of 48.5% to 50%, and non-GAAP EPS of $8.50 to $10.50. As of July 17, 2026, the company had approximately $174 million remaining on the $1.6 billion share buyback expenditure limit set by the Board of Directors.

Starcore Starts Trading on OTCQX

(TSX:SAM) Starcore International Mines Ltd. announced that it has qualified to trade on the OTCQX® Best Market and began trading today on OTCQX under the symbol "SHVLF". The announcement was also made in New York by the OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities. Starcore is listed on the Toronto Stock Exchange and is engaged in precious metals production with focus and experience in Mexico. The Company's base of producing assets includes its gold-producing San Martin Mine and the La Tortilla silver mine, both in the state of Querétaro, Mexico. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. Robert Eadie, President and CEO of Starcore, stated that the qualification will support greater communication with the U.S. shareholder base while broadening awareness of the company within the North American investment community. The company is a leader in Corporate Social Responsibility and advocates value driven decisions that will increase long term shareholder value.

Starcore Reaches Communities Agreement for La Tortilla Project

Starcore International Mines Ltd. (TSX: SAM) announced that its wholly-owned Mexican subsidiary, Compañía Minera Peña de Bernal S.A. de C.V. (CMPB), has reached an agreement with the El Doctor Agrarian Community in Querétaro, Mexico, granting CMPB the social license to operate the La Tortilla Project. The agreement aligns with the 10-year lease period of La Tortilla and includes an option to renew. It allows CMPB to use the access road to La Tortilla and prioritizes community well-being, job creation, economic stability, improved medical services, and infrastructure enhancements. The agreement also includes the future possibility for community members to provide transportation services for ore. This development is significant in light of the new Mexican Mining Law requiring community consultations before mining concessions and environmental approvals. Starcore operates the gold-producing San Martin Mine and the La Tortilla silver mine in Querétaro, Mexico. The company emphasizes corporate social responsibility and long-term shareholder value.

STARCORE Reports Fourth Quarter Production Results

Starcore International Mines Ltd. (TSX: SAM) announced its production results for the fourth fiscal quarter ended April 2026 at its San Martin Mine in Querétaro, Mexico. The company reported lower grades and tonnage processed this quarter, mainly due to challenging mining conditions in the high-grade Manto reserves. To address this, Starcore prepared a new high-grade ore body, which was accessed by the end of the quarter. Geophysical surveys covering 91.5 square kilometers (MT) and 5.2 square kilometers (IP) were completed, with results expected by the end of May. Production metrics included 45,550 tonnes of ore milled and 1,722 gold equivalent ounces produced in Q4 2026, with a gold recovery rate of 84.17%. The company is focused on increasing production from both oxide and carbonaceous ore, with the latter averaging 3 g/t gold and 25 g/t silver at 80% recovery and 100 tons per day milling by quarter end. These results and operational adjustments are significant for investors as they reflect Starcore's response to operational challenges and ongoing exploration efforts.

Boston Beer Reports First Quarter Financial Results

The Boston Beer Company, Inc. (NYSE: SAM) reported first quarter 2026 financial results, showing a net revenue of $433.9 million, a decrease of 4.4% from the prior year. Depletions decreased 4% and shipments decreased 6.9%, with a gross margin of 49.3%, up 100 basis points year over year. The company recorded a GAAP diluted loss per share of $13.88, which includes a non-recurring litigation expense of $15.52 per share, and a non-GAAP diluted earnings per share of $1.64. The company ended the quarter with $164.1 million in cash and no debt, and repurchased $31 million in shares year to date. The company has updated its full-year 2026 guidance to reflect a more challenging cost environment and narrowed its outlook.

Starcore Announces Airborne MobileMT Geophysical Survey at San Martin Mine, Queretaro, Mexico

Starcore International Mines Ltd. announced the initiation of an airborne geophysical survey over its San Martin mining concessions in Querétaro State, Mexico. The survey will be conducted by Expert Geophysics Surveys Inc. and is operated through Starcore's wholly owned subsidiary, Compañía Minera Peña de Bernal S.A. de C.V. The announcement was made from Vancouver, British Columbia. This development is significant for investors as it marks a new phase of exploration activity for the company.