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Heliostar Metals
(HSTR)
Heliostar Metals (HSTR) vs. iShares MSCI Canada ETF (EWC)
Heliostar Metals Business Overview & Revenue Model
Heliostar Metals Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 97.19M | 36.57M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 49.98M | 18.58M | -186.69K | -28.84K | -52.80K | -9.96K |
| EBITDA | 76.18M | 31.11M | -17.77M | -3.60M | -11.40M | -8.91M |
| Net Income | 55.56M | 21.04M | -19.93M | -4.53M | -12.46M | -8.26M |
Balance Sheet | ||||||
| Total Assets | 129.88M | 117.23M | 28.36M | 33.69M | 12.16M | 13.12M |
| Cash, Cash Equivalents and Short-Term Investments | 34.58M | 27.18M | 752.89K | 4.16M | 1.31M | 2.90M |
| Total Debt | 0.00 | 212.06K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 62.38M | 55.68M | 5.14M | 3.95M | 1.88M | 453.62K |
| Stockholders Equity | 67.50M | 61.54M | 23.22M | 29.74M | 10.28M | 12.67M |
Cash Flow | ||||||
| Free Cash Flow | 16.98M | 5.26M | -14.91M | -5.73M | -10.47M | -8.11M |
| Operating Cash Flow | 18.61M | 5.85M | -14.80M | -5.61M | -10.12M | -7.83M |
| Investing Cash Flow | -2.31M | -1.27M | -85.75K | -14.17M | 1.06M | 2.20M |
| Financing Cash Flow | 21.46M | 22.01M | 11.51M | 22.73M | 9.00M | 6.81M |
Heliostar Metals Technical Analysis
Heliostar Metals Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | C$667.11M | 90.93 | ― | ― | ― | ― | |
71 Outperform | C$890.97M | 98.45 | 29.30% | ― | 45.36% | -14.35% | |
56 Neutral | C$708.52M | 6.23 | -5.98% | ― | -5.94% | -153.35% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | C$958.81M | -28.84 | -10.64% | ― | ― | 54.00% | |
47 Neutral | C$771.39M | -3.94 | -11.85% | ― | ― | 50.54% |
Heliostar Metals Corporate Events
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.
Heliostar Metals reported strong new drilling results from the Ana Paula project, including a 25.45 metre interval grading 8.26 grams per tonne gold in its first down-dip test of the Expansion Zone beneath the High Grade Panel. Additional high-grade intercepts near surface and at depth will be incorporated into a forthcoming resource update for the feasibility study, with mineralization remaining open to the north, northwest and at depth.
The company has now completed 72 holes totaling 23,979 metres in the current program, with 34 holes still awaiting assays as drilling continues across the High Grade Panel, its margins and the deeper Expansion Zone. Data from the campaign, including rock strength, hydrogeologic and metallurgical samples, is intended to refine Ana Paula’s mine design and could expand the planned mining inventory if step-out drilling continues to confirm extensions of high-grade gold mineralization.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals has achieved the first official gold pour from its fully owned San Agustin mine in Mexico following a successful restart of operations in late January 2026, with mining, crushing and stacking of new ore resumed on schedule and on budget in the fourth quarter of 2025. The operation is ramping up ahead of internal targets for ore mining rates and recoverable ounces, supporting 2026 production guidance of 30,000–32,700 ounces of gold and contributing to a more than 60% increase in the company’s consolidated production guidance while maintaining an all-in sustaining cost of about $2,000 per ounce; management expects cash flow from San Agustin at budgeted gold prices to fund exploration, capital programs such as a pit expansion at La Colorada and decline development at Ana Paula, and is advancing a 10,000–15,000 metre drill program at San Agustin aimed at extending mine life.
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.
Heliostar Metals has filed a National Instrument 43-101 compliant Prefeasibility Study Technical Report for its Cerro del Gallo gold project in Guanajuato, Mexico, formalizing an important step in advancing the asset’s development. Prepared by Kappes, Cassiday & Associates and now available on Canadian securities and company websites, the study supports Heliostar’s broader strategy of building a pipeline of Mexican gold projects that can underpin its ambition to become a mid-tier producer, potentially enhancing its project portfolio quality and visibility among investors and industry partners.
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.
Heliostar Metals has issued its 2026 guidance, forecasting consolidated gold production of 50,000–55,000 ounces and 290,000–320,000 ounces of silver, with by-product cash costs of $1,850–$1,950 per ounce and all-in sustaining costs of $2,025–$2,125 per ounce. The company plans to fund a US$27 million exploration and growth program from operating cash flow, including pre-stripping for the Veta Madre open-pit expansion at La Colorada, continued steady-state output at the recently restarted San Agustin mine, and further advancement of the Ana Paula feasibility study and access decline, positioning the business for higher production and potential reserve growth from 2027 onward despite cost pressures from inflation and contractor expenses.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals reported 2025 production of 34,098 gold equivalent ounces, comprising 32,990 ounces of gold and 80,527 ounces of silver, meeting its full-year guidance range. The company ended 2025 with a preliminary cash balance of US$41 million and no debt, underpinning plans to ramp up output in 2026 following the successful restart of the La Colorada and San Agustin mines, while advancing the Ana Paula project through feasibility work as it pursues a long-term scale-up toward significantly higher annual production.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$3.00 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Heliostar Metals has filed a Preliminary Economic Assessment (PEA) technical report for its Ana Paula Project in Guerrero, Mexico, prepared under National Instrument 43-101 standards by M3 Engineering & Technology Corp. with JDS Energy & Mining as a subcontractor. The filing of this NI 43-101-compliant PEA marks a key technical and regulatory milestone for Ana Paula, providing an economic framework for the project and reinforcing Heliostar’s broader strategy to build scale in Mexico and progress toward its goal of becoming a mid-tier gold producer.
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.
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.
Heliostar Metals Ltd. has acknowledged positive media reports regarding the progress of its La Colorada expansion project in Sonora, Mexico. The company has completed necessary submissions for a permit to expand the Veta Madre open pit and is expecting formal documentation to confirm the permit in Q1 2026, which will allow the restart of open-pit mining. This development is a significant step in Heliostar’s strategy to enhance its production capabilities and strengthen its position in the gold mining industry.
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.
Heliostar Metals has announced a positive prefeasibility study for its Cerro del Gallo project in Mexico, highlighting strong economic potential with a post-tax NPV of $424 million and an IRR of 33.1% at a base gold price of $2,300 per ounce. The study outlines a 15.3-year mine life with significant expansion potential, positioning the project as a key component in Heliostar’s growth strategy to achieve 300,000 ounces of annual gold equivalent production by the end of the decade.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$3.75 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.