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.