In this episode of the KE Report, we are joined by Charles Funk, President and CEO of Heliostar Metals (TSX-V: HSTR | OTCQX: HSTXF). We focus on the 2025 financial results and the acquisition of the Goldstrike deposit in Utah.
Key Discussion Points:
- 2025 Financial Results: A review of a “transformational” nine-month fiscal year where the company produced nearly 35,000 ounces of gold, generating over $47 million in operating earnings while outperforming cash cost guidance.
- The Goldstrike Acquisition: Detailed insights into the strategic purchase of the 1-million-ounce Goldstrike deposit in Utah from Liberty Gold, including the attractive acquisition terms and diversification into the US.
- Operational Creativity: How the team generated $66 million in earnings from non-reserve ounces through innovative stockpiling and leaching strategies since acquiring their Mexican assets.
- Antimony Potential: Exploring the high-grade antimony opportunities at the Goldstrike project, situated near other major critical mineral developments.
- Future Production Outlook: A look toward the company’s ambitious “500,000 ounces per year by 2030” goal and how current cash flow is accelerating exploration and development without the need for immediate debt.
Please email me at Fleck@kereport.com with any follow up questions for the team at Heliostar Metals.
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Investment disclaimer: This content is for informational and educational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any security or investment product. Investing in equities, commodities, really everything involves risk, including the possible loss of principal. Do your own research and consult a licensed financial advisor before making any investment decisions. Guests and hosts may own shares in companies mentioned.