An update from Heliostar Metals ( (TSE:HSTR) ) is now available.
Heliostar Metals Ltd. reported strong financial results for Q4 2024, marking a significant shift in its operations following the acquisition of Mexican Gold Assets from Florida Canyon Gold Inc. This acquisition, completed in November 2024, has transformed Heliostar into a gold production company, generating over C$9.5 million in cash flow and producing 5,429 ounces of gold in the quarter. The company has strengthened its balance sheet, fully repaid its acquisition debt, and recognized a C$90.5 million accounting gain from the independent valuation of its new assets. These developments position Heliostar for further growth in 2025, with ongoing production and exploration activities at its Ana Paula and La Colorada sites.
More about Heliostar Metals
Heliostar Metals Ltd. operates in the mining industry, focusing on gold production and exploration. The company has transitioned from an exploration and development entity to a gold production company with operating mines and a portfolio of mining development projects, primarily in Mexico.
YTD Price Performance: 34.43%
Average Trading Volume: 342,966
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$182.4M
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