Mining Stock Daily Charles Funk on Heliostar's Transformative Year
Sep 18, 2025
Charles Funk, CEO of Heliostar Metals, shares insights from the company’s transformative year as it steps into gold production. He discusses the shift from explorer to producer, aiming to boost production to 50-60k ounces and eventually achieve 150-200k ounces by 2028 at Annapala. Funk also dives into their strategic drilling approaches, updates on Cerro de Gallia, and the disciplined M&A strategy focused on sensible growth and shareholder value. His candid reflections provide an exciting look at Heliostar's future in the precious metals arena.
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From Unpopular Explorer To Credible Producer
- Heliostar shifted from an unpopular explorer to a credible producer over five years.
- Charles Funk says the asset base positions them to grow to mid-tier while delivering per-share performance.
Annapala Is The 2028 Growth Catalyst
- Annapala's 2028 start is the company's pivotal growth event.
- Funk projects 150k–200k oz/year by 2028 without material dilution using free cash flow and project debt.
Fund Growth With Cash Flow And Project Debt
- Avoid excessive equity dilution when possible and fund construction with free cash flow plus project debt.
- Funk says this approach preserves upside for shareholders and supports outsized share performance.