In this KE Report Company Update, Stephen Soock, VP of Investor Relations & Development at Heliostar Metals (TSX-V:HSTR – OTCQX:HSTXF – FSE:R0G1), breaks down a busy month of news across financials, operations, and exploration.
Key Discussion Highlights:
- Q3 Financials
Record ~9,000 GEOs produced; strong net income; quarter-end cash US$34.6M plus unsold ounces; ~US$6.5M spent on exploration. - Costs & Guidance
Cash costs ~US$1,500/oz, AISC ~US$1,800/oz; Q4 costs to rise with San Agustin restart but still within guidance. - La Colorada & San Agustin
La Colorada steady production from stockpiles ahead of a 2026 shift to higher-grade open-pit mining.
San Agustin restart underway with first ore expected by year-end and strong cash flow in 2026. - Ana Paula PEA
Robust economics at US$2,400 gold; >US$1B NPV at US$3,800 gold; ~100,000 oz/yr at ~US$1,000 AISC once built. - Drill Program Expansion
Increased to 20,000m following impressive hits, including 83m of 17 g/t Au; continued potential to extend mine life. - Development Timeline
Feasibility, permitting, and financing work in progress; construction decision targeted H1 2027; production H2 2028. - Upcoming Catalysts
SGA PFS, more drill results, La Colorada permit updates, and San Agustin’s first production.
Please email me at Fleck@kereport.com with any follow up questions for Charles.
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