Heliostar Metals - San Agustín Restart & La Colorada Permitting Milestone
In this KE Report company update, we’re joined by Stephen Soock, Vice President of Investor Relations and Development at Heliostar Metals (TSX-V:HSTR - OTCQX:HSTXF - FSE:R0G1), to discuss the restart of production at San Agustin and continued permitting progress at La Colorada as the company advances multiple gold assets in Mexico.
Interview Highlights
- San Agustín:
- Restart Success: Formal mining operations resumed in December 2025. Fresh ore is now being stacked on the leach pad.
- 2026 Production: Technical Study outlines 45k oz over 14 months of production.
- Profitability: Targeted to generate $40M–$65M in free cash flow at current gold prices over the 14-month mine life.
- La Colorada:
- Expansion Permit: The SEMARNAT review period passed without requests, activating the "positiva ficta" process (effectively granting the permit).
- Q1 2026 Strategy: Open-pit mining at the Veta Madre pit is slated for a Q1 restart, beginning with waste stripping.
Please email me at Fleck@kereport.com with any follow up questions for the team at Heliostar Metals.
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