202631 releases
Heliostar Reports 52.4m Grading 5.84 g/t Gold from the High Grade Panel and C...
Drill results from the 100%-owned Ana Paula project in Guerrero, Mexico include 52.4 m grading 5.84 g/t gold from 46.9 m, including 12.6 m at 17.8 g/t, and 24.8 m at 5.14 g/t from 43.0 m in the High Grade Panel, plus Expansion Zone intercepts of 8.0 m at 6.88 g/t from 469.0 m and 3.4 m at 10.64 g/t from 604.9 m. The 2025-2026 infill program totalling 122 holes and 35,121 metres is complete and will support the Feasibility Study. Heliostar also engaged Native Ads Inc. for investor awareness services for up to twelve months at a cost of up to $200,000.
Drill resultsHeliostar Submits Environmental Permit Applications for Ana Paula
Environmental permit applications for the Ana Paula underground project in Guerrero, Mexico — an Environmental Impact Statement (MIA-R) and an Environmental Risk Study (ERA) — have been submitted to SEMARNAT. The underground mine plan reduces proposed surface disturbance by approximately 65% versus the previously approved open pit plan, through a smaller waste rock dump, a smaller and relocated processing plant, dry-stack tailings and paste backfill. A construction decision is planned for mid-2027, with roughly 1,500 construction jobs and 600 permanent positions expected.
CorporateHeliostar Announces Graduation to TSX
Heliostar Metals' common shares will begin trading on the Toronto Stock Exchange at market open on October 7, 2026, under the existing ticker HSTR, after graduating from the TSX Venture Exchange. The shares will be voluntarily delisted from the TSXV at market close on October 6, 2026, with CUSIP and ISIN numbers unchanged and no action required from shareholders. The company expects to deliver the Ana Paula Feasibility Study in H1 2027.
CorporateHeliostar Provides Progress Update on Ana Paula Feasibility Study
The Ana Paula feasibility study in Guerrero, Mexico is 34% complete and on track for completion in Q2 2027, targeting a mid-2027 construction decision and first gold before the end of 2028. Since the November 6, 2025 PEA, 74 holes totalling 25,072 metres have been added to a pending updated resource estimate; planned throughput is now 2,000 tpd versus 1,800 tpd, with comminution sized for up to 2,500 tpd. An MIA-R environmental permit submission is due September or October 2026, and Hannam & Partners is arranging project debt; cash was $43.0 million at June 30, 2026 with no debt.
Study resultsHeliostar Announces Inclusion in the GDXJ
Heliostar Metals has been added to the VanEck Junior Gold Miners ETF (GDXJ) under the fund's semi-annual review and quarterly rebalancing, effective at market close on September 18, 2026. The company operates the La Colorada Mine in Sonora and the San Agustin Mine in Durango, with growth projects including Ana Paula in Guerrero, Cerro del Gallo in Guanajuato, San Antonio in Baja Sur, Goldstrike in Utah and Unga in Alaska, and a stated goal of 500,000 ounces per year by the end of the decade.
CorporateHeliostar Commences Open Pit Mining at La Colorada Mine
Open pit mining began earlier this week at the Veta Madre pit at the 100%-owned La Colorada mine in Sonora, Mexico. The Veta Madre pit holds 48,000 ounces of gold grading 0.71 g/t in 2.1 Mt, within total mine reserves of 376,000 ounces at 0.68 g/t in 17.1 Mt; a larger Veta Madre Plus pit targets an additional 20,000 ounces. La Colorada remains on track for 2026 guidance of 20,000-22,300 ounces. Heliostar also became an International Cyanide Management Code signatory.
CorporateHeliostar Samples High Grade Antimony with Gold and Commences Drilling at Gol...
Surface rockchip and channel sampling at the Antimony Ridge area of the 100%-owned Goldstrike project in Utah returned 2.53% antimony and 0.61 g/t gold over 1.3m true width, 1.02% antimony and 0.33 g/t gold over 3.2m TW, and 1.37% antimony and 0.27 g/t gold over 1.2m TW across a 900 by 450 metre area, plus a new Antimony Knoll zone 1,700 metres west grading 1.11% antimony over 0.6m. An RC drill program began in July 2026, with 852 metres in eight holes completed of an estimated 1,500 metres and assays expected in Q4 2026; $2.0M is budgeted for 2026 work.
Drill resultsHeliostar Presents Q2 2026 Financial and Operating Results with Record Gold P...
Q2 2026 production reached a record 14,803 gold ounces and 79,710 silver ounces, with cash costs of $1,654 and AISC of $2,287 per gold ounce sold at an average realized price of $4,406 per ounce. Revenues were a record $56.5 million, mine operating earnings $31.1 million and net income $8.0 million ($0.03/share), with $43.0 million cash and no debt at June 30, 2026. The Goldstrike acquisition in Utah closed April 24, 2026 with a $10.0 million cash payment; full-year guidance of 50,000-55,000 gold ounces is unchanged.
CorporateHeliostar Expands Expansion Zone and Drills 99.8 Metres Grading 10.9 g/t Gold...
Drill results from the Ana Paula project in Guerrero, Mexico included 99.8 metres grading 10.90 g/t gold from 50.5 metres (including 77.5 m at 12.94 g/t) in the High Grade Panel, 49.6 metres at 2.88 g/t from 539.4 metres in the Expansion Zone, and 21.6 metres at 10.38 g/t from 127.0 metres north of the panel. Heliostar has completed 95 holes and 32,678 metres of its 35,000 metre 2025-26 program, with the Feasibility Study due Q2 2027 and an update in Q3 2026.
Drill resultsHeliostar Set to Expand La Colorada with Strong Drill Results and Key Permits
Drilling at the Veta Madre pit area of the operating La Colorada mine in Sonora, Mexico returned 10.9 m grading 22.1 g/t gold from 187.7 m, including 1.3 m at 174 g/t gold, plus 40.8 m at 2.23 g/t gold from 51.3 m and 147.2 m at 0.70 g/t gold from 32.65 m, with intervals outside the current reserve pit. 44 holes totalling 8,425 metres have been completed. Final Change of Use of Soils approval for the pit expansion has been received, and waste stripping on the larger Veta Madre Plus pit is on track to start in early Q3 2026.
Drill resultsHeliostar Announces Closing of Option Agreement with Zacatecas Silver for Non...
An option agreement with Zacatecas Silver Corp. has closed, granting Zacatecas the option to acquire a 100% interest in the Cumaro, La Lola, Oso Negro and Ejutla early-stage exploration projects in Mexico. Staged payments to Heliostar over the next three years total $450,000 in cash and $750,000 in Zacatecas Silver shares, with $129,000 in cash and 4,217,845 shares issued on closing. Heliostar retains a 2% NSR, with 1% repurchasable before commercial production for $2,000,000.
AcquisitionHeliostar Publishes Inaugural Sustainability Report
Heliostar Metals released its first Sustainability Report, covering fiscal 2025 and prepared with reference to GRI Standards, including the GRI Sector Standard for Mining, and SASB Metals & Mining Industry Standard (Version 2023-12) disclosures. Reported figures include 99% of employees and 97% of procurement spending based in Mexico, 404 employees and 333 contractors, US$1.1 million in social investments including 612 student scholarships, US$10.6 million paid to governments, 47 hectares reforested with 17,468 native trees, and a TRIFR of 0.60 per 200,000 hours worked.
CorporateHeliostar Grants Options and RSUs under its Omnibus Equity Incentive Compensa...
7,550,000 stock options at an exercise price of $2.26 and 705,000 restricted share units were granted to directors, officers, employees, management company employees and consultants under Heliostar Metals' Omnibus Equity Incentive Compensation Plan. The options are exercisable for five years and vest over the next three years, while the RSUs vest in three equal annual instalments beginning on the first anniversary of the grant date.
CorporateHeliostar Presents Record Q1 2026 Financial and Operating Results
First-quarter 2026 production reached a record 11,743 ounces of gold and 43,798 ounces of silver from the La Colorada and San Agustin mines in Mexico, with cash costs of $1,602 and AISC of $1,996 per ounce of gold sold, below full-year guidance, at an average realized gold price of $4,850 per ounce. Mine operating earnings were $30.9 million and net income $14.0 million, with $38.7 million cash, $70.0 million working capital and no debt. Full-year guidance of 50,000-55,000 gold ounces is unchanged.
CorporateHeliostar Files Technical Report for Goldstrike Project
An NI 43-101 technical report for the recently acquired Goldstrike Project in Utah, USA has been filed on SEDAR+ and posted on Heliostar's website. The report, titled NI 43-101 Technical Report Goldstrike Project, Utah, USA, has an effective date of March 23, 2026, with SLR Consulting (Canada) Ltd. as lead author and consultant. The filing follows the company's news release dated March 24, 2026.
Study resultsHeliostar Announces Addition to Management Team and Ana Paula Focused Reorgan...
Dennis Wilson has been appointed Vice President, Health, Safety, Environment and Sustainability, and Hernan Dorado has moved from Vice President Sustainability and Special Projects to Vice President of Operations. General managers at the operating San Agustin and La Colorada mines will now report through the VP Operations role rather than directly to COO Gregg Bush, freeing Bush to focus on the Feasibility Study and construction of the Ana Paula project in Guerrero, Mexico.
ManagementHeliostar Announces Closing of the Acquisition of the Goldstrike Project in U...
The acquisition of a 100% interest in the Goldstrike project in Utah, USA from Liberty Gold Corp has closed, with initial consideration of US$10.0 million in cash plus 1,593,213 Heliostar shares and staged payments totaling US$60.0 million over the next five years. An updated technical report will be published next month supporting the March 24, 2026 resource of 975,000 Indicated gold ounces at 0.46 g/t plus 90,000 Inferred ounces at 0.31 g/t.
AcquisitionHeliostar Drills 69 Metres Grading 10.1 g/t Gold in the High Grade Panel at A...
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Drill resultsHeliostar Drills 101 Metres Grading 5.34 g/t Gold in the Ana Paula Expansion ...
Drilling in the Expansion Zone at the 100%-owned Ana Paula project in Guerrero, Mexico returned 101.0 m grading 5.34 g/t gold from 512.5 m, along with 8.75 m at 9.11 g/t from 484.65 m, 27.2 m at 2.26 g/t from 647.0 m and 7.15 m at 6.98 g/t from 464.3 m. The results cover six holes, with assays pending from five more. Heliostar has completed 84 holes and 28,318 metres in its 2025-26 program, with further results expected in late April.
Drill resultsHeliostar Introduces Goldstrike Project and Updated Mineral Resource
An updated mineral resource for the Goldstrike Project in Washington County, Utah contains indicated resources of 65,804,000 tonnes at 0.46 g/t gold for 975,000 ounces, plus inferred resources of 8,860,000 tonnes at 0.31 g/t for 90,000 ounces, using a 0.10 g/t cut-off and US$2,000/oz gold. Heliostar will acquire 100% of Goldstrike from Liberty Gold for US$72.5 million: US$10M cash plus 1,593,213 shares (US$2.5M) on closing, then US$10M at 12 months, US$10M at 18 months, US$15M on infrastructure milestones or five years, and US$25M on a feasibility study, construction decision or five years. Closing is expected in April 2026, subject to TSX Venture Exchange and other approvals.
Resource updateHeliostar To Acquire Goldstrike Gold Project in Utah
A binding agreement dated March 20, 2026 will see Heliostar acquire a 100% interest in the 5,173 ha Goldstrike gold project in Washington County, Utah, from Liberty Gold Corp. for US$72.5 million. Consideration comprises US$10M cash plus 1,593,213 Heliostar shares at closing, US$10M at 12 months, US$10M at 18 months, US$15M on infrastructure milestones or five years, and US$25M on a Feasibility Study, construction decision or five years. Closing is expected within 30 days, subject to TSX Venture Exchange and other approvals.
AcquisitionHeliostar Presents Fiscal 2025 Financial Results
Audited results for the nine months ended December 31, 2025 show mine operating earnings of $47.4 million and net income attributable to shareholders of $12.4 million ($0.04 per fully diluted share), after $13.3 million of exploration costs, with $40.6 million in cash, $49.0 million working capital and no debt. Calendar 2025 production was 34,098 gold-equivalent ounces at cash costs of $1,541/GEO and AISC of $2,028/GEO, meeting guidance of 31,000-41,000 GEOs. The fiscal year end changed from March 31 to December 31.
CorporateHeliostar Drills Multiple Gold Intercepts over 200 Metres From Pit Edge at Sa...
First drill results from the San Agustin Mine in Durango, Mexico returned 35.1 m grading 0.40 g/t AuEq from 1.5 m and 13.7 m grading 0.81 g/t AuEq from 67.0 m in the Corner Expansion Zone, where mineralization extends over 200 m from the current reserve edge and remains open. Other zones returned 16.8 m at 0.50 g/t AuEq (MKT) and 16.8 m at 0.32 g/t AuEq (Phase 3 SW). A second rig was added and the US$9.75M program expanded to 15,000-18,000 metres; next results expected Q2 2026.
Drill resultsHeliostar Welcomes Tara Gilfillan to Board
Tara Gilfillan has been appointed as a non-executive director and Audit Chair of Heliostar Metals, effective March 1, 2026. Gilfillan has over 30 years of executive and governance experience, including senior roles with DRA Americas and Northgate Minerals, and board positions at US Gold and MCC Corporation. Heliostar also granted directors 200,000 stock options at an exercise price of $2.94, exercisable for five years and vesting over three years, and 50,000 restricted share units vesting in three equal annual instalments.
ManagementHeliostar Announces Option Agreement with Zacatecas Silver for Non-Core Prope...
A binding letter agreement with Zacatecas Silver Corp. grants Zacatecas an option to acquire a 100% interest in the Cumaro, La Lola, Oso Negro and Ejutla early-stage exploration projects in Mexico. Staged payments to Heliostar over three years total $450,000 in cash and $750,000 in Zacatecas Silver shares, with $150,000 cash and $300,000 in shares at closing. Heliostar retains a 2% NSR, with 1% repurchasable for $2,000,000 before commercial production. Closing is expected on or before March 31, 2026.
AcquisitionHeliostar Hits 25.45m Grading 8.26 g/t Gold in First Down Dip Drilling into A...
Drilling at the 100%-owned Ana Paula project in Guerrero, Mexico returned 25.45 m grading 8.26 g/t gold from 493.8 m, including 8.30 m at 19.99 g/t, in hole AP-25-313A, a 70 m step-out into the Expansion Zone beneath the High Grade Panel. High Grade Panel results included 55.35 m at 9.71 g/t gold from 116.65 m and 40.85 m at 4.73 g/t from 196.0 m. The program has completed 72 holes and 23,979 metres, with 34 holes awaiting assays; all holes will be included in the Feasibility Study resource update.
Drill resultsHeliostar Announces First Gold Pour from San Agustin Mine Restart
The first official gold pour from restarted operations at the 100%-owned San Agustin mine in Mexico occurred in late January 2026, following the resumption of mining, crushing and stacking of new ore in Q4 2025, completed on time and on budget. The mine is on track to meet 2026 production guidance of 30,000-32,700 ounces of gold at approximately $2,000 AISC. A 10,000-15,000 metre drill program targeting mine life extension is ongoing, with initial assays expected in mid-late Q1 2026.
CorporateHeliostar Files Prefeasibility Study for Cerro del Gallo Project
A NI 43-101 Prefeasibility Study Technical Report for the Cerro del Gallo Project in Guanajuato, Mexico has been filed, following the December 11, 2025 news release. The report, titled NI43-101 Technical Report Pre-Feasibility Study of Cerro del Gallo Project, Guanajuato, Mexico, has an effective date of December 11, 2025 and was led by Kappes, Cassiday & Associates. It is available on SEDAR+ and the company's website.
Study resultsHeliostar Provides 2026 Guidance and Growth Plan
2026 production guidance is 50,000-55,000 oz gold at by-product cash costs of $1,850-$1,950/oz and AISC of $2,025-$2,125/oz, split between La Colorada in Sonora (20,000-22,300 oz at AISC of $1,775-$1,875/oz) and San Agustin in Durango (30,000-32,700 oz at AISC of $2,150-$2,250/oz). Plans include pre-stripping 11 million tonnes of waste at the Veta Madre open pit expansion starting early Q3, and a $27M exploration program funded from operating cash flow. At Ana Paula in Guerrero, a Feasibility Study is scheduled for completion in the first half of 2027, with $15.0M to extend the 412 metre decline from Q3 and production targeted in the second half of 2028.
CorporateHeliostar Achieves Full-Year 2025 Production Guidance and Grows Cash to $41M
Full-year 2025 production reached 34,098 gold equivalent ounces (32,990 gold ounces and 80,527 silver ounces), meeting guidance of 31,000-41,000 GEOs, including 8,459 GEOs in the December quarter. Preliminary cash stood at US$41M with no debt as of December 31, 2025, with Cash Costs and AISC expected within guidance and financial results due in March 2026. The San Agustin Mine in Durango restarted in December, following La Colorada in Sonora in January.
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Corporate
20254 releases
Heliostar Files Preliminary Economic Assessment Technical Report for the Ana...
An NI 43-101 Preliminary Economic Assessment Technical Report for the Ana Paula Project in Guerrero, Mexico has been filed, following the November 6, 2025 news release. The report, titled NI 43-101 Technical Report Preliminary Economic Assessment of the Ana Paula Project, Guerrero, Mexico, has an effective date of November 6, 2025, with M3 Engineering & Technology Corp. as lead author and JDS Energy & Mining as subcontractor. It is available on SEDAR+ and the company's website.
Study resultsHeliostar Files Preliminary Economic Assessment Technical Report for the Ana Paula Project
A NI 43-101 Preliminary Economic Assessment technical report for the Ana Paula Project in Guerrero, Mexico has been filed, following the November 6, 2025 news release. The report has an effective date of November 6, 2025, with M3 Engineering & Technology Corp. as lead author and consultant and JDS Energy & Mining as subcontractor. It has been filed on SEDAR+ and posted on the company's website. Heliostar owns 100% of Ana Paula.
Study resultsHeliostar Restarts Mining Operations at San Agustin, Durango
Mining, crushing, conveying and stacking of ore onto the leach pad has recommenced at the San Agustin mine in Durango, Mexico, following final government restart approvals received July 22, 2025. Mining the current reserve is expected to produce 45,000 ounces of gold at an AISC of US$1,990/oz, generating US$40M in cash flow at a US$3,000 gold price. A 10,000-15,000 metre oxide drill program is underway, with 37 holes totalling 3,300m completed and assays pending.
Corporate20251218 Restart%20Of%20Mining%20At%20San%20Agustin
Mining operations have restarted at the San Agustin project in Mexico. NOT_A_RELEASE
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