Heliostar Metals Ltd. (ticker: HSTR.V or HSTXF for US investors) recently filed technical reports for its three recently acquired projects in Mexico: the La Colorada Mine in Sonora, the San Agustin Mine in Durango, and the San Antonio Project in Baja California Sur. These reports outline the mineral resources, reserves, and economic forecasts for each project.  

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La Colorada Mine Highlights  

• Production Restart: Mining resumed this month, focusing on the Junkyard Stockpile. The El Crestón expansion aims to produce over 50,000 ounces of gold annually by mid-2025.  
• Economic Metrics: After-tax NPV5 of US$25.9M, IRR of 11.9%, and a payback period of 2.2 years at a base gold price of US$2,000/oz.  
• Resources and Reserves: 377,000 ounces of Probable Reserves across the Junkyard Stockpile, El Crestón, and Veta Madre.  
• Capital Requirements: Initial CAPEX of US$53.9M for pre-stripping and pad expansion.  

San Agustin Mine Highlights  

• Economic Metrics: After-tax NPV5 of US$12.7M, IRR of 156%, and a payback period of 0.8 years at a base gold price of US$2,100/oz.  
• Future Development: Awaiting Phase 4 permitting (expected in 2025) to unlock strong cash flows and additional oxide and sulphide resource potential.  

San Antonio Project Highlights  

• PEA Results: After-tax NPV5 of US$398.7M, IRR of 40.7%, and CAPEX of US$131.3M with a 14-year mine life.  
• Production Potential: 1.1M ounces of gold forecasted to be recovered at an AISC of under US$1,100/oz.  
• Permitting and Development: Major environmental and land use permits are required before further development can proceed.  

CEO Commentary 

Charles Funk, CEO of Heliostar, emphasized the strategic importance of these projects, noting their positive economic outlook at conservative gold price assumptions. With operations resuming at La Colorada and advanced planning underway at San Agustin and San Antonio, the company is positioned for significant growth in 2025 and beyond.  

Heliostar is advancing towards mid-tier gold producer status, leveraging its newly acquired assets and focusing on efficiency and long-term resource expansion.  

Full news here: https://www.heliostarmetals.com/news-articles/heliostar-files-technical-reports-on-mines-and-development-project-recently-acquired-in-mexico

Posted on behalf of Heliostar Metals Ltd.