Business
Heliostar Restarts Mining Operations at San Agustin, Durango
HIGHLIGHTS:Restart of mining operations at San AgustinMining the reserve will produce 45,000 ounces at an AISC of $1,990/GEO providing a margin of over...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"HIGHLIGHTS:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Restart of mining operations at San Agustin","length":43,"tagName":"p"}]},{"val":[{"type":"text","content":"Mining the reserve will produce 45,000 ounces at an AISC of $1,990/GEO providing a margin of over $2,300/oz at current spot gold prices","length":135,"tagName":"p"}]},{"val":[{"type":"text","content":"Oxide targets drilling program underway with 37 holes completed and submitted for analysis ","length":90,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":268,"olType":false},{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") is pleased to announce that mining, crushing and conveying and stacking of ore onto the leach pad at San Agustin has recommenced.","length":310,"tagName":"p"},{"type":"text","content":"Heliostar CEO, Charles Funk, commented, "Restarting mining at San Agustin is a significant milestone for Heliostar. It delivers on our guidance of a Q4, 2025 restart issued at the beginning of the year and sets the Company up for a large increase in consolidated gold production in 2026. Mining the current reserve will produce 45,000 ounces of gold expected to generate US$40M in cash flow at a US$3,000 gold price. Further, the Company is in the middle of a 10,000-15,000 metre drill program focused on finding potential extensions of the orebody that may support an increase in mine life at San Agustin."","length":617,"tagName":"p"},{"type":"text","content":""Investing in Heliostar at the beginning of the year required trust that the many undefined opportunities recognized by our team within our portfolio could be progressed. We move toward the end of the year having crystalized many of these opportunities. We have certainty in our production profile at San Agustin and La Colorada going into 2026 and look forward to providing formal guidance in January. We have shown the value of our growth opportunities with studies on our flagship Ana Paula and Cerro del Gallo projects. With more drilling completed in 2025 than the entire previous history of Heliostar, we aim to continue to build on our 8.2M gold and gold-equivalent ounce M&I resource base1,2. W...