Heliostar Metals Ltd. reports developments as a gold producer with operating mines and a pipeline of development and exploration projects in Mexico and the United States. Company updates commonly cover production and financial results from the La Colorada Mine in Sonora and the San Agustin Mine in Durango, along with exploration spending, mine optimization, capital-structure items, and management or governance changes.
Recurring project news includes drill results, feasibility-study work, and resource-conversion activity at the 100% owned Ana Paula project in Guerrero, plus technical reports and portfolio updates for assets such as Cerro del Gallo, San Antonio, Goldstrike, and Unga. News also documents completed project acquisitions and NI 43-101 technical disclosures tied to Heliostar's gold project base.
Heliostar Metals (HSTXF) has submitted environmental permit applications to Mexico’s environmental authority, SEMARNAT, for its Ana Paula underground mine project.
The submissions comprise an Environmental Impact Statement and an Environmental Risk Study. Proposed surface disturbance is approximately 65% lower than under the previously approved open pit plan. The design removes the open pit footprint, reduces the waste rock dump and processing plant, and incorporates dry-stack tailings and underground paste backfill. Existing permits were brought into compliance, and design work for the upcoming Feasibility Study was completed. Heliostar plans a construction decision in mid-2027 and expects approximately 1,500 initial construction jobs and another 600 permanent operating positions, primarily sourced locally.
Heliostar Metals (HSTXF) will begin trading its common shares on the Toronto Stock Exchange at market open on October 7, 2026. The shares will retain the HSTR ticker and leave the TSX Venture Exchange at market close on October 6, 2026. Shareholders need not take any action.
Heliostar targets delivery of the Ana Paula feasibility study in H1 2027 and production at the project in 2028, as steps toward its goal of 500,000 ounces of annual gold production. Cerro del Gallo and Goldstrike are also advancing toward construction decisions in the coming years.
Heliostar Metals (HSTXF) reports that the Ana Paula gold project Feasibility Study is 34% complete and remains on track for completion in Q2 2027.
The company is targeting a mid‑2027 construction decision and first gold production before the end of 2028. An updated mineral resource estimate is in its final stages, incorporating 122 drill holes totalling 35,121 metres, with work focused on the High Grade Panel and Expansion Zone. Metallurgical test work is largely finished, confirming amenability to flotation, BIOX and CIL, and supporting a finalized process flowsheet.
Engineering trade‑off studies support a planned plant capacity of 2,000 tpd, with comminution sized for up to 2,500 tpd, and potential mine plan optimizations. A new underground-only environmental permit (MIA‑R) is being prepared, which is expected to reduce surface disturbance by about 65%. Heliostar held $43.0 million in cash and no debt as of June 30, 2026 and forecasts about $150 million in after‑tax cash flow over the next two years to support construction alongside project debt.
Heliostar Metals (HSTXF) has been added to the VanEck Junior Gold Miners ETF (GDXJ), effective at market close on September 18, 2026, following GDXJ’s semi-annual review and quarterly rebalancing.
The company’s CEO highlights a transition over just over six years from a roughly $50 million market cap single-asset explorer to a multi-asset producer with a large development pipeline. Cash flow from the La Colorada mine in Sonora and the San Agustin mine in Durango supports advancement of its 100% owned projects, including the flagship Ana Paula development in Guerrero, plus Cerro del Gallo, San Antonio, Goldstrike and Unga.
Heliostar Metals (OTCQX: HSTXF) has commenced open‑pit mining at the Veta Madre pit at its 100% owned La Colorada gold mine in Sonora, Mexico. This restart shifts production from injection‑leaching of stockpiles toward stacking higher‑grade fresh ore, supporting the company’s plan to secure cash flow through 2027–2028 and fund construction at the Ana Paula project.
The La Colorada Mine hosts proven and probable reserves of 376,000 oz of gold at 0.68 g/t in 17.1 Mt, with a six‑year mine life averaging 46,100 oz of annual gold production. Within this, Veta Madre contains 48,000 oz at 0.71 g/t in 2.1 Mt. Recent drilling has led to the design of the larger “Veta Madre Plus” pit, targeting an additional 20,000 oz of gold beyond current reserves. La Colorada is currently producing via injection leaching and is on track to meet 2026 guidance of 20,000–22,300 oz of gold. Heliostar has also become a Signatory to the International Cyanide Management Code, committing to its principles and standards for safe cyanide management, according to Heliostar.
Heliostar Metals (OTCQX:HSTXF) reported results from its first work program at the 100%-owned Goldstrike project in Utah and the start of the project’s first antimony-focused drill campaign. Channel and rock-chip sampling at Antimony Ridge over a 900 by 450 metre area returned multiple anomalous intervals, including 2.53% antimony and 0.61 g/t gold over 1.3 metres true width, and 1.02% antimony and 0.33 g/t gold over 3.2 metres.
The company also identified a new target, Antimony Knoll, 1.7 kilometres west of Antimony Ridge, with samples such as 0.6 metres grading 1.11% antimony. Antimony and gold mineralization has now been mapped up to four kilometres east of the existing Goldstrike gold resource, which totals 975,000 indicated and 90,000 inferred ounces. Heliostar has begun a reverse-circulation drill program, completing 852 metres in eight holes toward an initial 1,500‑metre budgeted program of approximately US$2.0 million, with assay results expected in Q4 2026.
Heliostar Metals (OTCQX:HSTXF) reported record Q2 2026 production of 14,803 gold ounces and 79,710 silver ounces, with 11,960 gold ounces sold. Revenues reached a record $56.5 million, mine operating earnings were $31.1 million, and net income totaled $8.0 million or $0.03 per share.
Consolidated cash costs were $1,654/oz and AISC $2,287/oz of gold sold. Cash rose to a record $43.0 million with no debt, while working capital was $45.9 million after a $10.0 million initial payment to acquire the Goldstrike project in Utah, which hosts 975k ounces indicated resources. La Colorada and San Agustin operated steadily, and drilling at the Ana Paula project continued to return wide high-grade gold intercepts that will feed an updated resource and a feasibility study targeted for completion in Q2 2027.
Heliostar (OTCQX:HSTXF) reported new drill results from the Ana Paula gold project in Mexico. Highlights include 99.8 m grading 10.90 g/t gold in the High Grade Panel and 49.6 m grading 2.88 g/t plus high-grade sub-intervals in the Expansion Zone.
The 35,000 m 2025–26 program (95 holes, 32,678 m completed) targets infill and Expansion Zone growth. The Expansion Zone remains open in several directions. A Feasibility Study is planned for Q2 2027, with a progress update in Q3 2026 and potential production in H2 2028.
Heliostar (OTCQX:HSTXF) reported new drill results and key permits for the Veta Madre pit at the La Colorada mine in Sonora, Mexico.
Highlights include multiple high-grade gold intercepts, final approvals for pit and leach pad expansions, and engineering of the larger Veta Madre Plus pit.
Heliostar Metals (OTCQX:HSTXF) completed an option agreement granting Zacatecas Silver the right to acquire 100% of four non-core exploration properties in Mexico: Cumaro, La Lola, Oso Negro and Ejutla.
Consideration totals $450,000 cash and $750,000 in Zacatecas shares over three years, plus a retained 2% NSR royalty.