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Monday, 09/22/2025 4:46:59 PM

Monday, September 22, 2025 4:46:59 PM

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Transforming into a growth-focused gold producer with a clear strategy to fund expansion through cash flow rather than equity dilution, Heliostar Metals (HSTR.v HSTXF) aims to scale production from ~30–40k oz in 2025 to 150–200k oz annually by 2028, with an ambition to exceed 500k oz per year by 2030, as detailed during its Beaver Creek Presentation:

The portfolio includes two producing mines, La Colorada, restarted in early 2025 with ~50k oz/year potential, and San Agustin, scheduled for a late 2025 restart delivering 44.5k oz at a 548% IRR with minimal capex, plus, the high-grade Ana Paula project, highlighted by intercepts up to 87.8m @ 16 g/t gold, is advancing toward feasibility with a development decision expected in 2026.
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