Welcome to our dedicated page for Heliostar Metals news (Ticker: HSTXF), a resource for investors and traders seeking the latest updates and insights on Heliostar Metals stock.
Heliostar Metals Ltd (HSTXF) is a gold-focused exploration company advancing high-grade projects in Mexico and Alaska through strategic development and acquisitions. This page provides official updates and analysis for investors tracking the company’s progress in the mining sector.
Access timely press releases detailing resource estimates, drilling programs, and operational milestones. The curated news collection covers essential developments including:
• Project expansions at key assets like Ana Paula
• Financial reporting including quarterly earnings
• Strategic partnerships and infrastructure advancements
• Technical reports on mineral reserves and feasibility studies
Bookmark this page for direct access to Heliostar’s verified announcements, enabling informed monitoring of their transition from exploration to production. Regular updates reflect the company’s focus on de-risking assets through methodical resource development and responsible capital allocation.
Heliostar Metals (TSXV: HSTR) (OTCQX: HSTXF) has announced key additions to its management team. Stephen Soock joins as Vice President of Investor Relations and Development, bringing nearly 20 years of mining industry experience, including his recent role as a Brendan Wood ranked sell-side research analyst at Stifel. Connie Lillico has been appointed as Corporate Secretary, bringing 20 years of experience with publicly traded mining companies, notably serving at First Majestic Silver Corp.
The company has also granted 700,000 stock options at an exercise price of $1.05 and 150,000 restricted share units (RSUs) to employees and consultants. The options have a five-year exercise period with two-year vesting, while RSUs will vest in three equal annual installments starting from the first grant anniversary.
Heliostar Metals (TSXV: HSTR) (OTCQX: HSTXF) has announced significant drilling results from its La Colorada Mine in Sonora, Mexico. The company completed 11,075 meters across 72 holes in an ongoing 12,500-metre drilling program, with this release reporting results from 23 new holes.
Key intercepts include:
- 8.85m grading 25.0 g/t gold and 768 g/t silver
- 8.55m grading 5.52 g/t gold and 121 g/t silver
- 5.5m grading 11.1 g/t gold
- 4.6m grading 5.78 g/t gold
The company closed Q1 2025 with a US$27M cash balance, with over half generated from operating profits. La Colorada restarted production in early January 2025. An updated technical report is expected in mid-2025, which will support a potential production expansion decision to 50,000-100,000 ounces of gold annually. The high-grade intersections demonstrate underground mining potential beyond the current open pit operations.
Heliostar Metals (HSTXF) has announced its largest-ever drilling program at the 100% owned Ana Paula deposit, with plans to commence a 15,000m drill program in April 2025 using two drill rigs.
The program focuses on three key objectives:
- Infill drilling to convert inferred ounces to higher confidence categories for underground mining at the High Grade and Parallel Panels
- Testing satellite zones, following up on recent intercepts including 16.0 metres at 16.7 g/t gold west of the High Grade Panel and 24.0 metres at 5.1 g/t gold over 150 metres beneath it
- Exploring targets north of the Parallel Panel, investigating poorly defined high-grade gold intercepts that could represent repetitions of east-west fault controls
The company expects continuous drilling throughout 2025 with regular news updates.
Heliostar Metals (TSXV: HSTR) (OTCQX: HSTXF) announced that Vitalina Lyssoun has officially started her position as Chief Financial Officer, following the previous announcement on February 6th, 2025.
As part of the company's Omnibus Equity Incentive Compensation Plan, Heliostar has granted 500,000 stock options at an exercise price of $0.815 and 150,000 restricted share units (RSUs) to an employee. The stock options have a five-year exercise period with a two-year vesting schedule, while the RSUs will vest in three equal annual installments starting from the first anniversary of the grant date.
Heliostar Metals (HSTXF) reported strong Q4 2024 financial results following its acquisition of Mexican Gold Assets from Florida Canyon Gold Inc. The company produced 5,429 ounces of gold between November 7 and December 31, 2024, with operations at La Colorada, San Agustin, and El Castillo mines.
Key financial highlights include:
- Mine Operating Earnings of C$9.5M
- Net income of C$84.4M (C$0.41 per share)
- Cash position of C$7.7M
- Total Cash Costs of US$1,241 per gold equivalent ounce
- All-in-sustaining costs (AISC) of US$1,477 per GEO
The company recognized a C$90.5M accounting gain on Mexican assets valuation. Mining operations restarted at La Colorada's Junkyard Stockpile in January 2025, while San Agustin mine awaits regulatory approval to begin new ore mining in 2025.
Heliostar Metals (HSTXF) announced significant drilling results from its Ana Paula project in Mexico. The company completed 3,210 metres in phase one, revealing notable gold intersections including:
- 161.0 metres @ 4.26 g/t gold, including 30.0 metres @ 10.1 g/t gold and 15.7 metres @ 10.4 g/t gold in the High Grade Panel
- 3.0 metres @ 21.4 g/t gold in the Parallel Panel
- A satellite discovery of 24.0 metres @ 5.10 g/t gold located over 150m below the High Grade Panel
The drilling program aims to expand boundaries and upgrade resource classifications of the High Grade Panel. The company has completed nine holes and four geotechnical and water monitoring holes. Additionally, Heliostar was included in the 2024 TSX Venture 50™ list, recognizing its performance over the past year.
Heliostar Metals (HSTXF) has fully repaid its US$5 million acquisition loan from Deans Knight Capital Management , originally obtained on November 6th, 2024. The loan, which carried a 15% annual interest rate and was due to mature in November 2026, was used to acquire operating and development assets in Mexico from Florida Canyon Gold.
The company executed the repayment in two phases: US$2 million in December 2024 and the remaining US$3 million in February 2025, completing the repayment within approximately three months of the asset acquisition. The debt strategy allowed the company to complete the acquisition with less than one percent equity dilution.
CEO Charles Funk highlighted that the early repayment demonstrates the strong free cash flow generation from their operating mines and fiscal discipline. Being debt-free will enable the company to reinvest all operational profits directly into expanding production and growing resources across their portfolio throughout 2025.
Heliostar Metals (TSXV: HSTR) (OTCQX: HSTXF) has appointed Vitalina Lyssoun as Chief Financial Officer, effective March 3, 2025. Lyssoun brings over 16 years of financial expertise in the resource sector, most recently leading the corporate accounting team at Gatos Silver Inc. through their merger with First Majestic Silver Corp.
Lyssoun's experience includes developing Gatos Silver's Sarbanes-Oxley Act compliance program and holding positions at Endeavour Mining Plc and QuadReal Property Group. She is a Chartered Professional Accountant with a Bachelor of Commerce from the University of British Columbia and is fluent in Spanish.
The appointment marks another step in Heliostar's growth from concept to gold producer, with CEO Charles Funk noting the company's goal of becoming a mid-tier producer. Lyssoun will oversee administrative, financial, and risk management operations, replacing founding CFO Mahesh Liyanage.
Heliostar Metals (HSTXF) has announced its 2024 production results and 2025 guidance. The company exceeded its 2024 production guidance, delivering 20,795 Gold Equivalent Ounces (GEOs), comprising 20,298 gold ounces and 43,076 silver ounces. The fourth quarter of 2024 contributed 10,391 GEOs to this total.
For 2025, Heliostar projects production of 31,000-41,000 GEOs at an all-in sustaining cost (AISC) of US$1,950-2,000 per GEO. This production will come from two main operations: La Colorada Mine, which restarted mining from the Junkyard Stockpile in January 2025, and San Agustin Mine, which continues residual production with plans for restart pending permit approval.
The San Agustin restart is expected in October 2025, though initial capital requirements will result in elevated costs. The company is also completing a Feasibility Study on Ana Paula during 2025 for a potential construction decision.
Heliostar Metals (HSTXF) has announced significant drilling results from its La Colorada Mine in Sonora, Mexico. The company reported several high-grade gold intersections, including 5.0m at 9.69 g/t gold and 4.3m at 9.87 g/t gold, as part of a 12,500-metre drilling program. La Colorada resumed production in January 2025, with the current program aimed at expanding mineral reserves ahead of a Feasibility Study planned for mid-2025.
The drilling program, utilizing five rigs, focuses on the Creston pit expansion and has completed 47 holes to date, with results from 23 new holes reported. The project currently holds mineral reserves of 312,000 ounces of gold grading 0.76 g/t gold. The company is targeting both shallow extensions of known veins and deeper mineralization beneath the pit, with results suggesting potential conversion of waste areas to ore in an updated reserve model.
Results will be incorporated into a resource model supporting a reserve update, potentially reducing the strip ratio of the Crestón pit expansion and improving project economics. The company aims to make an expansion decision by mid-2025 to increase production to 50,000-100,000 ounces per year.
