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Heliostar Metals ( (TSE:HSTR) ) has provided an announcement.
Heliostar Metals has signed a binding option agreement granting Zacatecas Silver the right to acquire four non-core Mexican exploration projects: Cumaro, La Lola, Oso Negro and Ejutla. The assets have seen limited exploration since Heliostar shifted focus to production and advanced development, but are described as highly prospective.
Under the deal, Heliostar will receive staged payments over three years totaling $450,000 in cash and $750,000 in Zacatecas Silver shares, including an initial $150,000 in cash and $300,000 in shares at closing. The company will retain a 2% net smelter return royalty on the properties, with half of that royalty purchasable before commercial production, allowing Heliostar to monetize non-core assets while preserving upside exposure as it concentrates capital on its core Mexican mines and projects.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$3.50 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Spark’s Take on TSE:HSTR Stock
According to Spark, TipRanks’ AI Analyst, TSE:HSTR is a Outperform.
The score is driven primarily by the improved financial profile (profitability step-change and low leverage), supported by constructive technical momentum. Positive project and operational catalysts add support, while below-ideal cash conversion and the sustainability of the recent earnings jump keep the score from rating higher.
To see Spark’s full report on TSE:HSTR stock, click here.
More about Heliostar Metals
Heliostar Metals is a precious metals company aiming to become a mid-tier gold producer, focusing on increasing output and growing resources at its La Colorada and San Agustin mines in Mexico. The company is also advancing its wholly owned Ana Paula gold project in Guerrero, reinforcing its strategic emphasis on Mexican gold production and development assets.
Average Trading Volume: 612,923
Technical Sentiment Signal: Buy
Current Market Cap: C$767.2M
Learn more about HSTR stock on TipRanks’ Stock Analysis page.