Heliostar Metals Ltd Stock Price, News & Analysis

Heliostar Metals (OTCQX:HSTXF) reported strong Q2 2025 financial results, producing 7,396 Gold Equivalent Ounces (GEOs) and selling 8,556 GEOs. The company achieved consolidated cash costs of $1,413 per GEO sold and all-in sustaining costs (AISC) of $1,541.

Key financial highlights include mine operating earnings of $14.3M, with $29.7M in cash and $51.7M in working capital. The company maintains a debt-free position and is on track to meet its 2025 guidance of 31,000-41,000 GEOs in sales.

Operations span across multiple mines: La Colorada produced 3,538 GEOs, San Agustin delivered 3,622 GEOs, and El Castillo contributed 236 GEOs. The company plans to restart mining at San Agustin's Corner area in Q4 2025, with recoverable reserves of 44.5k gold ounces.

[ "Strong Q2 operating margin of 51% in favorable gold price environment", "Healthy financial position with $29.7M cash and no debt", "Mine operating earnings of $14.3M in Q2 2025", "Production costs below 2025 guidance with cash costs at $1,413/GEO", "Planned expansion with San Agustin mine restart in Q4 2025", "Net income of $1.9M compared to $2.3M loss in Q2 2024" ]

Heliostar Metals (OTCQX: HSTXF) has announced significant drilling results from its 15,000-metre drill program at the Ana Paula project in Guerrero, Mexico. The company reported impressive gold intercepts including 30.20m grading 6.29g/t gold, 14.75m grading 13.6g/t gold, and 20.95m grading 6.67g/t gold.

The drilling program, utilizing two rigs, has completed 18 holes totaling 5,556 metres to date. The program aims to convert inferred resources to higher confidence classifications and support an ongoing Feasibility Study. The company plans to drill 40,000-50,000 metres by the end of 2025, funded by cashflows from operating mines.

Results demonstrate consistent gold mineralization at the western end of the High Grade Panel, with monthly results expected through 2025 and into 2026. The company's new drilling approach, rotated 90 degrees from historic intercepts, has shown more continuous and higher-grade gold mineralization than previously recognized.

Heliostar Metals (OTCQX: HSTXF) announced the restart of mining operations at its San Agustin Mine in Durango, Mexico, with initial production expected in Q4 2025. The project demonstrates strong economics with a post-tax NPV5% of US$35.25M and IRR of 548% at a US$3,000/oz gold price. The operation requires US$4.2M in CAPEX and is expected to produce 45,000 gold ounces.

The company, with US$30M in cash, plans to shift from residual leaching to active mining, particularly in the Corner Area. The project has a probable mineral reserve of 68,000 gold ounces with a 1.2-year mine life at an AISC of US$1,990/oz Au. Heliostar will also commence drilling programs targeting oxide expansion and exploring sulphide porphyry/breccia targets.

Heliostar Metals (OTCQX: HSTXF) has reported positive drilling results from the Truckshop stockpile at its operating La Colorada Mine in Sonora, Mexico. The highlight results include 10.7m grading 1.81 g/t gold from surface and 19.8m grading 0.62 g/t gold from 4.6 metres.

The Truckshop stockpile, located 400 metres from the mine's crushing circuit, was previously deposited as a waste dump in the 1990s by Eldorado Gold Corporation. The company completed 35 drill holes, with 26 holes returning significant widths above the 0.164 g/t gold-equivalent cut-off grade. Zone A shows consistently higher-grade intercepts and could be quickly accessed for production.

The company plans to conduct metallurgical analyses and develop a mine plan for potential extraction later this year. Following this program, drilling will shift to the larger El Dorado stockpile to potentially generate additional cash flow similar to the current Junkyard reserve production.

Heliostar Metals (HSTXF) reported significant drilling results from its La Colorada Mine in Sonora, Mexico, where production restarted in January 2025. Key highlights include intersections of 56.6m at 2.88 g/t gold from 68m and 23.2m at 14.4 g/t gold from surface. The expanded 16,211-metre drilling program (104 holes) aims to increase mineral reserves ahead of a technical report update in mid-2025. The current probable mineral reserve stands at 312,000 ounces of gold (0.76 g/t) and 5,074,000 ounces of silver (10.1 g/t). The company plans to shift drilling focus to stockpiles for potential additional near-term production, followed by exploration of high-grade veins beneath and along strike from open pits in H2 2025.

Heliostar Metals (HSTXF) reported strong Q1 2025 results with 9,082 GEOs production and 8,034 GEOs sales. The company achieved an average sale price of US$2,875 per gold ounce and maintained competitive costs with cash costs of US$1,175-1,275 per GEO sold and AISC of US$1,375-1,475.

The company ended Q1 with a robust US$27M cash position and zero debt. Production came from three mines: La Colorada (4,312 GEOs), San Agustin (4,507 GEOs), and El Castillo (263 GEOs). While Q2 production is expected to decrease due to inventory drawdown at San Agustin, Heliostar remains on track to meet its 2025 guidance of 31,000-41,000 GEOs.

Heliostar Metals (TSXV: HSTR) (OTCQX: HSTXF) has announced key additions to its management team. Stephen Soock joins as Vice President of Investor Relations and Development, bringing nearly 20 years of mining industry experience, including his recent role as a Brendan Wood ranked sell-side research analyst at Stifel. Connie Lillico has been appointed as Corporate Secretary, bringing 20 years of experience with publicly traded mining companies, notably serving at First Majestic Silver Corp.

The company has also granted 700,000 stock options at an exercise price of $1.05 and 150,000 restricted share units (RSUs) to employees and consultants. The options have a five-year exercise period with two-year vesting, while RSUs will vest in three equal annual installments starting from the first grant anniversary.

Heliostar Metals (TSXV: HSTR) (OTCQX: HSTXF) has announced significant drilling results from its La Colorada Mine in Sonora, Mexico. The company completed 11,075 meters across 72 holes in an ongoing 12,500-metre drilling program, with this release reporting results from 23 new holes.

Key intercepts include:

• 8.85m grading 25.0 g/t gold and 768 g/t silver
• 8.55m grading 5.52 g/t gold and 121 g/t silver
• 5.5m grading 11.1 g/t gold
• 4.6m grading 5.78 g/t gold

The company closed Q1 2025 with a US$27M cash balance, with over half generated from operating profits. La Colorada restarted production in early January 2025. An updated technical report is expected in mid-2025, which will support a potential production expansion decision to 50,000-100,000 ounces of gold annually. The high-grade intersections demonstrate underground mining potential beyond the current open pit operations.

Heliostar Metals (HSTXF) has announced its largest-ever drilling program at the 100% owned Ana Paula deposit, with plans to commence a 15,000m drill program in April 2025 using two drill rigs.

The program focuses on three key objectives:

• Infill drilling to convert inferred ounces to higher confidence categories for underground mining at the High Grade and Parallel Panels
• Testing satellite zones, following up on recent intercepts including 16.0 metres at 16.7 g/t gold west of the High Grade Panel and 24.0 metres at 5.1 g/t gold over 150 metres beneath it
• Exploring targets north of the Parallel Panel, investigating poorly defined high-grade gold intercepts that could represent repetitions of east-west fault controls

The company expects continuous drilling throughout 2025 with regular news updates.