Heliostar Metals Ltd. (HSTR.v HSTXF) Recent News: Mining, Crushing, and Conveying & Stacking of Ore Onto The Leach Pad at San Agustin Project Has Recommenced
Posted on behalf of Heliostar Metals Ltd. - Earlier this month Heliostar Metals Ltd. (HSTR.v HSTXF) announced that mining, crushing, and conveying and stacking of ore onto the leach pad at San Agustin has recommenced.
Highlights:
- Restart of mining operations at San Agustin
- Mining the reserve will produce 45,000 ounces at an AISC of $1,990/GEO providing a margin of over $2,300/oz at current spot gold prices
- Oxide targets drilling program underway with 37 holes completed and submitted for analysis
Over the past several months, the Company has relocated the vegetation and topsoil at the Corner area and recommissioned the 30,000 tonne per day crushing circuit while residual heap leach operations have continued uninterrupted. This has allowed Heliostar to restart open pit mining with two ore blasts and two waste blasts completed to date. The mining contractor has successfully mobilized 90% of the mobile equipment fleet to site which will allow the operation to achieve production targets. Crushing activities continue to ramp up to full capacity with stacking of new oxide ore on the leach pad underway.
Heliostar CEO, Charles Funk, commented, “Restarting mining at San Agustin is a significant milestone for Heliostar. It delivers on our guidance of a Q4, 2025 restart issued at the beginning of the year and sets the Company up for a large increase in consolidated gold production in 2026. Mining the current reserve will produce 45,000 ounces of gold expected to generate US$40M in cash flow at a US$3,000 gold price. Further, the Company is in the middle of a 10,000-15,000 metre drill program focused on finding potential extensions of the orebody that may support an increase in mine life at San Agustin.”
Posted Dec 29, 2025, 7:49 PM UTC