Heliostar Metals (TSE:HSTR) has released an update.
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Heliostar Metals Ltd. is set to become a gold producer by acquiring a portfolio of mines and development projects in Mexico from Florida Canyon Gold Inc. for $5 million, significantly increasing their resource base and improving their project economics. The deal adds two producing mines and two development projects to Heliostar’s assets, promising immediate production and cash flow, while saving the company up to $20 million in potential payments for their Ana Paula Project.
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