Mining Stock Daily Heliostar's Restart for San Agustin puts New Momentum in Mexican Precious Metal Developers
Jul 22, 2025
Charles Funk, CEO of Heliostar Metals, sheds light on the exciting restart of the San Agustin mine, signaling a new era for Mexico's mining sector. He discusses how this revival will create jobs, boost state taxes, and shift perceptions about mining in the country. Funk emphasizes the importance of collaboration between mining companies and government for local economic growth. The conversation also touches on future drilling plans and the cautious optimism surrounding the processing of sulfide materials, highlighting potential for further expansion.
AI Snips
Chapters
Transcript
Episode notes
San Agustin Restart Boosts Growth
- Restarting San Agustin mine will generate $40 million cash flow and 45,000 ounces gold production by end 2024.
- This will raise 2025 production beyond current corporate output, enabling growth without equity dilution.
Permitting Success Shifts Mining Sentiment
- San Agustin's permitting success signals positive sentiment shift for mining in Mexico.
- Government is fulfilling promises, enabling job security and increased state taxes in Durango.
Prioritize Oxide Gold Exploration
- Focus immediate exploration on oxide gold drilling in new accessible areas to quickly add to resource.
- Use successful results to seek permit modifications to extend mining boundaries.