Heliostar Metals - Restart of San Agustin Mine: Near‑Term Gold Production Growth
In this KE Report company update, we speak with Charles Funk, President and CEO of HelioStar Metals (TSX.V:HSTR - OTCQX:HSTXF - FRA: RGG1), to break down the company’s latest milestone: the restart of mining operations at the San Agustin mine in Mexico, with production expected in Q4 2025.
Key discussion points:
- Receipt of key permits enabling pit expansion and leach pad height increase
- CapEx of only ~$4.2M with an estimated $40–50M in cash flow from San Agustin
- Steps toward stacking ore in Q4 and generating immediate production
- Near‑term exploration plans: oxide drilling for mine‑life extensions and sulfide targets for long‑term upside
- Clear growth trajectory - from 30-40K ounces in 2025 to 150-200K ounces/year by 2028 with minimal dilution
HelioStar’s strategy blends near‑term production with ongoing exploration upside across assets like Ana Paula and La Colorada.
Please email me at Fleck@kereport.com with any follow up questions for Charles.
Click here to visit the Heliostar Metals website to learn more about the Company.
