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Heliostar Metals – Q1 Earnings Recap: Record Gold Production and Mine Operating Earnings, $70 Million Working Capital

Cory
May 13, 2026

 

In this Company Update, I sit down with Charles Funk, President and CEO of Heliostar Metals (TSX.V: HSTR | OTCQX: HSTXF), to focus on the Q1 2026 earnings released yesterday. Charles provides a deep dive into the company’s operations, record gold production, and the roadmap for its flagship Ana Paula project.

 

Key Discussion Points:

  • Record-Breaking Q1 Financials: An overview of the record gold production and mine operating earnings reported on May 12.
  • Growth at San Agustin and La Colorada: A breakdown of how restarting production and implementing innovative leaching techniques have driven down costs while increasing output.
  • The High-Grade Opportunity at Ana Paula: Discussion on the latest drill results and the management reorganization designed to fast-track this project toward becoming a major Mexican gold mine.
  • Strategic Acquisition of Goldstrike: Insight into how the recent Goldstrike acquisition fits into the broader portfolio and the company’s dual pathway for monetizing or developing this asset.
  • Financial Position and Growth Outlook: A look at Heliostar’s robust working capital and how the company is balancing aggressive exploration with cash preservation.

 

Please email me at Fleck@kereport.com with any follow up questions for the team at Heliostar Metals. 

 

Click here to visit the Heliostar Metals website to learn more about the Company – https://www.heliostarmetals.com/

 


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Discussion
1 Comment
    8 hours ago

    Agnico Eagle is pouring $14 billion into Ontario Mines as Gold Boom accelerates. Upper Beaver, Macassa, and Detour Lake are the first movers and I’m sure AEM is looking at other acquisitions. DT

    https://www.msn.com/en-ca/money/topstories/agnico-eagle-is-pouring-14-billion-into-ontario-mines-as-gold-boom-accelerates/ar-AA236FzB?ocid=msedgdhp&pc=NMTS&cvid=6a04a3e3394f46eca7d1bbc

    Reply

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