Heliostar Metals Ltd Stock Price, News & Analysis

Heliostar Metals (OTCQX: HSTXF) announced board changes ahead of its Annual General & Special Meeting on November 26, 2025. Chairman Jacques Vaillancourt and director Ken Booth will step down and James Perry is proposed to succeed Vaillancourt as chairman subject to shareholder approval.

The company notes it now produces gold from two mines in Mexico (La Colorada and San Agustin), holds a 100% owned development portfolio including Ana Paula, Cerro del Gallo and San Antonio, and targets 500,000 ounces of annual production by the end of the decade.

Shareholders of record as of October 10, 2025 may vote; the proxy voting deadline is November 24, 2025 at 8:00 am PST. Due to a Canada Post disruption, the company encourages electronic voting and provides Computershare and Broadridge voting instructions.

Heliostar Metals (OTCQX: HSTXF) released an updated La Colorada technical report showing stronger economics and resource growth. Key base-case metrics include a US$66.2M after-tax NPV (5%), 24.4% IRR, and US$44.5M initial CAPEX at a US$2,300/oz gold price. The study forecasts a 6.1-year mine life, average AISC of US$1,626 per AuEq oz, and recovered gold of 286.3k oz. Indicated resources increased by 62k oz to 513k oz. Permits were received in Aug–Sep 2025 to expand the leach pad; further drilling in Q4 2025 targets converting up to 28k oz from Veta Madre Plus to reserves.

The report shows improved NPV/IRR versus January 2025, lower initial capital, and upside at higher gold prices (NPV US$243.3M at US$3,500/oz).

Heliostar (OTCQX:HSTXF) reported additional results from its 15,000 metre Ana Paula drill program in Guerrero, Mexico, according to the PR dated October 6, 2025. The company completed 24 holes (6,529 metres) to date and added a third drill rig to accelerate work.

Key assays include 88.05 m @ 8.82 g/t Au from 88.2 m (including 35.5 m @ 13.03 g/t) and other intercepts such as 20.5 m @ 4.61 g/t and 14.3 m @ 4.19 g/t. The program targets resource conversion, Feasibility Study support and additional geotechnical/metallurgical data; next results are expected in early November, the PR states.

Heliostar Metals (OTCQX:HSTXF) has received approval to upgrade from Tier 2 to Tier 1 issuer status on the TSX Venture Exchange, effective September 12, 2025. This prestigious upgrade represents the exchange's highest designation, typically reserved for advanced companies with substantial financial resources.

The advancement to Tier 1 status reflects Heliostar's development progress and demonstrates its commitment to delivering long-term shareholder value. The TSXV's tiered classification system evaluates companies based on multiple criteria including financial performance, development stage, and available resources.

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.