Mining Stock Daily Heliostar Metals Update Economics and Resources at La Colorada
Oct 20, 2025
Charles Funk, CEO of Heliostar Metals, dives into the recent La Colorada technical report, revealing improved mineralization and robust economics. He discusses the addition of 60,000 resource ounces and why a six-year mine life is a significant milestone. The conversation includes exciting prospects for extending mine life and potential larger pits. Funk also shares stellar drill results from the Ana Paula project and outlines the company's future plans, including adding a third rig. Overall, it’s a deep dive into Heliostar's promising developments!
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Drilling And Sequencing Drove Better Economics
- Heliostar drilled 16,000 metres since acquiring La Colorada and updated the resource model accordingly.
- Re-sequencing pits after permit clarity improved project economics and lowered upfront capital needs.
Real Ounces Added And Strong NPV Sensitivity
- The updated program added over 60,000 resource ounces and lifted grade at Creston, indicating real new ounces.
- The technical report now shows a post-tax NPV of just over $60M at $2,300/oz and much larger upside at higher gold prices.
Six-Year Life Now, Pathway To Ten Years
- La Colorada's base-case all-in sustaining costs sit around $1,600/oz with a six-year mine life from restart.
- Management believes multiple steps (Veta Madre confirmation, larger Creston pit angles, underground potential) could extend life toward ten years.