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Heliostar Announces 2024 Production and Provides 2025 Production and Cost Guidance
HIGHLIGHTS: 2024 Production of 20,795 GEOs (20,298 gold ounces and 43,076 silver ounces) ...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Announces 2024 Production and Provides 2025 Production and Cost GuidanceHIGHLIGHTS:2024 Production of 20,795 GEOs (20,298 gold ounces and 43,076 silver ounces)2025 Production Guidance of 31,000-41,000 GEOsVancouver, British Columbia--(Newsfile Corp. - February 4, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") is pleased to announce that it produced 10,391 Gold Equivalent Ounces (GEOs) (10,156 gold ounce and 20,054 silver ounces) in the fourth quarter of 2024 (the third quarter of the Company's financial year). This resulted in a total 2024 production of 20,795 GEOs (20,298 gold ounces and 43,076 silver ounces). As a result, the Company exceeded its production guidance for 2024, which was 20,000-20,250 GEOs (see news release dated November 14, 2024). Financial results for the quarter ended December 31, 2024 will be reported during February 2025. Cash Costs and All In Sustaining Costs (\"AISCs\") are expected to be below the bottom end of the guidance rangeProject CategoryOct-Dec 2024Total 2024La Colorada MineGold sold (Ounces)3,0525,427Silver sold (Ounces)9,82316,143GEOs sold (Ounces)13,1675,613San Agustin MineGold sold (Ounces)7,10414,871Silver sold (Ounces)10,23126,933GEOs sold (Ounces)17,22415,182ConsolidatedGold sold (Ounces)10,15620,298Silver sold (Ounces)20,05443,076GEOs sold (Ounces)110,39120,7951. Metal prices estimated at US$2,500 per ounce gold and $30 per ounce gold price.  In the reporting period, Heliostar Metals entered into an agreement to acquire the Mexican assets of the former Argonaut Gold on July 11, 2024. The operations were managed by Florida Canyon Gold Inc. (FCGI) under agreed covenants until closing on November 7, 2024. Following cessation of mining operations in September 2023, the La Colorada mine (\"La Colorada\") continued to produce metals from re-leaching activities during 2024. Similarly, at the San Agustin mine (\"San Agustin\"), mining operations were ended in September 2024. San Agustin has continued to produce metals from re-leaching operations.2025 Production GuidanceIn 2025, the Company expects to produce 31,400-41,000 GEOs at an all-in sustaining cost (\"AISC\") of US$1,950-2,000 per GEO.Project Gold Production(Ounces) Silver Production(Ounces) GEO Production3(Ounces) Cash Cost4(US$ per GEO)AISC4,5(US$ per GEO)La C...