In this update, Stephen Soock, VP of Investor Relations and Development at Heliostar Metals (TSX-V: HSTR | OTCQX: HSTXF), details the company’s 2026 Production guidance and its path to 500,000 ounces of gold production by 2030.
Interview Highlights:
- 2026 Production Targets: Heliostar has set guidance at 50,000 – 55,000 ounces of gold. The “center of gravity” for production is shifting to the San Agustin mine (30k-33k oz), supported by the La Colorada mine (20k-22k oz).
- Silver Price Tailwind: The company expects to produce ~300,000 ounces of silver this year. While budgeted at $47.50/oz, current spot prices (recently over $90/oz) could add over an estimated $8M in additional cash flow, significantly lowering gold byproduct AISC.
- Self-Funded Exploration: Heliostar plans to reinvest $27M of its 2026 operating cash flow into exploration.
- The 2030 Vision: The company aims to reach 300,000 oz/y organically through the development of Ana Paula and Cerro del Gallo, with a long-term goal of 500,000 oz/y by 2030 via strategic M&A.
Please email me at Fleck@kereport.com with any follow up questions for the team at Heliostar Metals.
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