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Production / Operations

Heliostar Presents Second Quarter 2025 Financial Results

By The Northwire Desk — AI Analysis Sep 02, 2025 · 06:31 HSTR · 1.55 Heliostar Metals Ltd.
HSTR · Price

Executive Summary

  • Heliostar Metals reported Q2 2025 production of 7,396 gold‑equivalent ounces (GEOs) and mine operating earnings of $14.3 M, delivering a net income of $1.9 M ($0.01 per share).
  • Consolidated cash costs were $1,413 per GEO sold and AISC $1,541 per GEO sold, both ahead of the company’s 2025 guidance ranges.
  • The balance sheet remains strong with $29.7 M cash, $51.7 M working capital and zero debt; the company is restarting mining at San Agustin later in 2025 and expanding its Ana Paula exploration program ($9.5 M budget).

Key Details

  • Production: 7,396 GEOs (7,262 gold ounces) produced; 8,556 GEOs sold.
  • Costs: Cash cost $1,413/GEO; AISC $1,541/GEO (both better than guidance).
  • Earnings: Mine operating earnings $14.3 M; net income $1.9 M ($0.01/share).
  • Liquidity: Cash $29.7 M; working capital $51.7 M; no debt on hand.
  • Guidance Alignment: On track for 2025 target of 31,000‑41,000 GEOs sold; cash cost guidance $1,800‑$1,900/GEO; AISC guidance $1,950‑$2,100/GEO.
  • La Colorada Mine: Produced 3,538 GEOs (3,464 gold oz); cash cost $1,296/GEO; AISC $1,425/GEO. Plans to continue mining the Junkyard Stockpile through 2026 and expand Veta Madre pit (43k oz reserve).
  • San Agustin Mine: Produced 3,622 GEOs (3,564 gold oz); cash cost $1,529/GEO; AISC $1,597/GEO. Regulatory approval obtained to restart mining from the Corner area; production expected Q4 2025‑2027 (44.5k oz reserve).
  • El Castillo Mine: Minor production (236 GEOs) during reclamation; cash cost $782/GEO; AISC $2,679/GEO. Reclamation expenditures $1.1 M for site maintenance.
  • Ana Paula Project: Initiated $9.5 M exploration & development program; minimum 15,000 m drilling; early results include 30.2 m @ 6.29 g/t Au. Goal: upgrade resources to support a 10‑year mine life for upcoming feasibility study.
  • Cerro del Gallo Project: Prefeasibility study commissioned; completion targeted in 2025 pending permits.
  • Financing Activity: Exercise of 5,254,548 warrants and 422,082 stock options generated $1.3 M; conversion of 906,249 RSUs. No new debt incurred.

Notable Quotes

“Q2 2025 was another strong quarter for Heliostar… our operating margin continues to expand in a strong gold price environment… The strong balance sheet and operating cash flow allow Heliostar to accelerate our growth plans.” – Charles Funk, President & CEO

Read the original news release →

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