Heliostar Metals Ltd - Mining Stock Analysis & Updates
Latest News and Market Performance for Heliostar Metals Ltd
Perm ID: 1-4295918007
https://www.heliostarmetals.com/
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Heliostar Drills 56.6 Metres Grading 2.88 g/t Oxide Gold from 68 Metres at the La Colorada Mine, Sonora, Mexico
Heliostar reports promising high-grade gold drill results at La Colorada, Mexico, with plans to expand reserves, update technical studies, and focus on stockpiles and underground targets by mid-2025.
Heliostar Delivers Strong First Quarter 2025 Results
Heliostar's Q1 2025 results show strong production, cost control, $27M cash, and progress toward annual targets, with plans to expand drilling and update investors in May.
Additions to Heliostar Metals Management Team
Heliostar appointed Stephen Soock as VP of Investor Relations and Connie Lillico as Corporate Secretary, leveraging their extensive mining and corporate experience to support growth.
Heliostar Drills 8.85 Metres Grading 25.0 g/t Gold and 768 g/t Silver at the La Colorada Mine, Sonora, Mexico
Heliostar Metals Ltd. announced positive drilling results from its La Colorada Mine, with high-grade gold and silver intercepts indicating potential for underground expansion. The company plans additional drilling and aims to update its technical report in mid-2025.
Heliostar to Commence 15,000m Ana Paula Drill Program
Heliostar Metals Ltd. is launching an extensive drill program at its Ana Paula deposit, starting in April 2025. The initiative aims to enhance the resource through infill drilling, expand boundaries, and explore under-explored areas, leveraging existing high-grade intercepts.
Heliostar Metals Closes Bought Deal Equity Financing for Gross Proceeds of $19.5 Million
Heliostar Metals Ltd. has closed a bought deal equity financing, raising $19.5 million by issuing 19.5 million shares at $1 each. The funds will support project development in Mexico and general corporate needs. Eric Sprott invested $5 million.
Heliostar CFO Commences Role and Incentive Grant
Heliostar Metals Ltd. announces Ms. Vitalina Lyssoun as CFO and grants stock options and RSUs to an employee. The company aims to expand production at its mines in Mexico and develop the Ana Paula Project, working towards becoming a mid-tier gold producer.
Heliostar Presents Fourth Quarter 2024 Financial Results
Heliostar Metals Ltd. reported strong Q4 2024 financial results, highlighting a C$9.5M cash flow and a C$7.7M cash position post-acquisition of Mexican gold assets. The company paid off its acquisition debt and recognized a C$90.5M accounting gain, positioning for growth in 2025.
Drills Wide Intervals Within the High Grade Panel and Hits Satellite Zones at Ana Paula, Mexico
Heliostar Metals Ltd. reports strong drilling results from its Ana Paula project in Mexico, revealing high-grade gold intervals, including 161m at 4.26 g/t and satellite zones with 5.10 g/t. The company plans further drilling to expand and upgrade resources.
Heliostar Fully Repays Acquisition Loan Within 3 Months.
Heliostar Metals Ltd. has repaid a US$5M loan from Deans Knight Capital Management used for acquiring gold assets in Mexico. CEO Charles Funk highlights this repayment as a milestone, allowing future profits to be reinvested into growth and resource expansion.
Heliostar Announces New Chief Financial Officer
Heliostar Metals Ltd. has appointed Vitalina Lyssoun as CFO, effective March 3, 2025. With over 16 years in finance, she joins from Gatos Silver Inc. and will oversee financial operations as the company strives to grow into a mid-tier gold producer.
Heliostar Announces 2024 Production and Provides 2025 Production and Cost Guidance
Heliostar Metals Ltd. reported a total production of 20,795 Gold Equivalent Ounces (GEOs) in 2024, exceeding its guidance. For 2025, the company anticipates producing 31,000-41,000 GEOs at an all-in sustaining cost of US$1,950-2,000 per GEO.
Heliostar Delivers Strong Shallow Oxide Gold Hits at the La Colorada Mine, Sonora, Mexico
Heliostar Metals Ltd. reports strong gold drilling results at La Colorada Mine, highlighting high-grade intercepts that suggest potential for underground mining. The ongoing 12,500-meter drill program aims to expand reserves ahead of a mid-2025 feasibility study and expansion decision.
Heliostar Files Technical Reports on Mines and Development Project Recently Acquired in Mexico
Heliostar Metals Ltd. has outlined updates on three operations: La Colorada, San Agustin, and San Antonio. Each project shows positive economic indicators like NPV, IRR, and potential gold production, with plans for expansion and permitting aimed at enhancing cash flow and mine life.
Plans To Restart Mining Operations at La Colorada Mine, Mexico
Heliostar Metals Ltd. plans to restart mining at La Colorada Mine in January 2025, focusing on the Junkyard Stockpile. This will replace current gold production from leaching, driven by recent drilling and assessments, aiming to enhance the company's growth.
Heliostar Metals Adds to Board of Directors
Heliostar Metals Limited has appointed Ramon Tomas Dávila Flores as a non-executive director. Dávila brings extensive experience from previous leadership roles in the mining industry and will enhance the board's governance and expertise as the company transitions to a gold producer.
Heliostar Drills 71.8 g/t Gold over 16.1 metres in the High Grade Panel at Ana Paula, Mexico
Heliostar Metals Ltd. announced promising drill results from its Ana Paula project in Mexico, highlighting significant gold intercepts that expand the High Grade Panel. The current drilling aims to enhance resource confidence and potentially convert inferred resources to higher categories.
Heliostar Announces First Results from 2024 Drilling Program at La Colorada Mine
Heliostar Metals Ltd. is evaluating the potential to restart gold mining at the La Colorada Mine in Sonora, Mexico in 2025, following a successful 12,500m drilling program aimed at expanding mineral reserves. The company has released the first results from the program, with various grading levels of gold found. The findings suggest the opportunity to turn what was previously considered waste into ore, potentially reducing capital costs and increasing cash flow. The production decision for El Creston is expected by mid-2025. Mining operations at La Colorada ceased in 2023.
Heliostar Announces 2024 Production Guidance for Acquired Mines
Heliostar Metals Ltd. has provided production guidance for July-December 2024, post-acquisition of the San Agustin Mine and the La Colorada Mine in Mexico. Gold sales from these mines are expected to be between 19,350 - 19,750 ounces, with cash cost per ounce between US$1,500 - US$1,600 and all-in sustaining cost (AISC) between US$1,650 - US$1,750. The company aims to expand annual production and grow resources, with five drill rigs in operation across its portfolio. The cash flow from these operations will be reinvested in the Mexican assets, and the company plans to make a production decision about Ana Paula in 2025
Heliostar Announces Closing of Acquisition of Producing Mines and Development Projects in Mexico
Heliostar Metals Ltd. has completed the acquisition of all mining assets of Florida Canyon Gold Inc. in Mexico for a cash consideration of US$5,000,000. This includes the San Agustin mine, La Colorada mine, Cerro del Gallo project, and San Antonio project. As part of the transaction, an outstanding US$20 million of contingent payments by Heliostar to FCGI has been eliminated, along with up to US$150 million in conditional option payments and a 2% net smelter returns royalty on the San Antonio project. The acquisition was completed through the purchase of all issued shares of FCGI's Mexican subsidiaries.
Heliostar Announces Closing of US$10M Debt Facilities to Support Acquisition of Production Assets
Heliostar Metals Ltd. has successfully closed two debt facilities with Ocean Partners USA, Inc. and Deans Knight Capital Management Ltd., securing a total of US$10 million. These funds will be used to support Heliostar's acquisition of assets from Florida Canyon Gold Inc., which is expected to complete on November 6, 2024. As part of the loan agreement, the company has issued 1.5 million common shares. Heliostar has already drawn down US$5 million to finalize the acquisition, with the remaining balance available as needed. The company's objective is to become a mid-tier gold producer and is currently developing its wholly-owned Ana Paula Project in Mexico.
Heliostar Hits 16m Grading 16.7 g/t Gold in New Zone with Step-Out Drilling at Ana Paula
Heliostar Metals Ltd. has announced the first results from its 2024 drilling program at the Ana Paula project in Guerrero, Mexico. The results indicate the potential for expanding the High Grade Panel by over 115m down plunge and discovering new zones of gold surrounding the main panel. The company plans to drill 2,600 metres in Phase One and follow up with a second phase of 2,400 metres. The focus of the program is on extending the High Grade and Parallel Panels to the west and testing the down-dip extension of the High Grade Panel.
Technical Analysis
Articles
Heliostar Metals Ltd Presentation Update - 2025-05-13 - Minimal Update with...
Minor, superficial updates to company documentation with no material changes to financial data, resource estimates, or strategic information.
Heliostar Metals Ltd Presentation Update - 2025-05-06 - Minimal Update to...
Minor administrative updates to Heliostar Metals' financial report; no material changes to financial data, resource estimates, or project details.
Heliostar Metals Ltd Presentation Update - 2025-04-29 - Minimal Content Update...
Recent update to Heliostar Metals' report shows only minor editorial changes with no material impact on financial data or resource estimates, maintaining overall stability.
Heliostar Metals Ltd Presentation Update - 2025-04-28 - Minimal Update Notice:...
Recent updates to Heliostar Metals' documentation are minor, with no significant changes to financial data, resource estimates, or strategic content, indicating overall stability.
Heliostar Metals Ltd Presentation Update - 2025-04-25 - Minor Updates with...
The update to Heliostar Metals Ltd's report involves minor editorial changes with no impact on financials, resource estimates, or strategic outlook, maintaining overall stability.