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Heliostar Metals ( (TSE:HSTR) ) has provided an announcement.
Heliostar Metals has restarted mining, crushing, conveying and ore stacking operations at its San Agustin gold mine in Durango, Mexico, following receipt of final government approvals and completion of key site works including surface access rights, power line adjustments and recommissioning of a 30,000-tonne-per-day crushing circuit. The company expects the current reserve at San Agustin to yield 45,000 ounces of gold at an all-in sustaining cost of US$1,990 per ounce, generating an estimated US$40 million in cash flow at prevailing gold prices, while an ongoing 10,000–15,000 metre drilling program targeting oxide extensions could extend mine life; a recent technical report outlines a 1.2-year mine plan with a probable reserve of 68,000 ounces and robust project economics, supporting Heliostar’s strategy to increase production and enhance per-share value heading into 2026.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$5.25 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 Neutral.
Heliostar Metals exhibits strong growth potential with recent positive corporate developments and an attractive valuation. However, challenges in achieving consistent profitability and cash flow generation are significant risks. The company’s strong balance sheet and moderate positive momentum offer some stability and upside potential.
To see Spark’s full report on TSE:HSTR stock, click here.
More about Heliostar Metals
Heliostar Metals Ltd. is a Vancouver-based precious metals company focused on gold mining and development, with operations and projects in Mexico including the San Agustin and La Colorada mines, and flagship growth assets such as the Ana Paula and Cerro del Gallo projects. The company targets expanding its 8.2-million-ounce measured and indicated gold and gold-equivalent resource base and increasing consolidated gold production, positioning itself as a growing player in the gold mining sector.
Average Trading Volume: 779,502
Technical Sentiment Signal: Buy
Current Market Cap: C$697.9M
See more insights into HSTR stock on TipRanks’ Stock Analysis page.