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2 clusters · 3 sources · 7 days · First seen · Last updated

Heliostar Metals mining and exploration activities

Overview

Heliostar Metals has reported record second-quarter gold production, with output increasing 26% quarter-over-quarter to 14,803 ounces. The company is utilizing its financial strength to advance its flagship Ana Paula project and has launched a 1,500m reverse circulation drilling program at the Goldstrike Project in Utah to test gold and antimony potential.

Following these results, the company has commenced open pit mining at the Veta Madre pit within its La Colorada mine in Mexico. This transition toward stacking higher-grade ore is intended to secure cash flow through 2027 and 2028 to fund the construction of the Ana Paula Project. Heliostar remains on track to meet its annual gold production guidance of 20,000 to 22,300 ounces.

Entities

Heliostar Metals · Charles Funk · Ana Paula Project · Veta Madre · La Colorada

Timeline

  1. 21 days ago

    [BUSINESS] 2 sources
    Heliostar Metals begins open pit mining at La Colorada mine

    Heliostar Metals has started open pit mining at the Veta Madre pit in its La Colorada mine to support the future construction of the Ana Paula Project.

  2. 27 days ago

    [BUSINESS] 2 sources
    Heliostar Metals reports record production and begins Utah drilling

    Heliostar Metals reported record Q2 gold production and is advancing its Ana Paula project while initiating a drilling program in Utah to test gold and antimony potential at the Goldstrike Project.

Sources

citybuzz.co · mining.com.au · thedeepdive.ca