Heliostar Metals (HSTR.V) has completed its first official gold pour from the restarted operations at the San Agustin mine. The company had resumed mining, crushing and stacking of new ore on t he leach pad in Q4 2025, and so far, the operation has exceeded the internal targets for mining rates and recoverable ounces stacked on the pad. This also means the current production guidance of 30,000-32,700 ounces for this year appears quite feasible.
Meanwhile, assay results from the San Agustin drill program are still outstanding, with these drill results expected to come in later this quarter. Drilling is ongoing as part of the 10,000-15,000 meter drill program which was designed to extend the mine life of the San Agustin mine. At the current gold price, the mine should be a pretty decent cash cow for Heliostar which reconfirmed its company-wide production cost guidance at $2000/oz.
Disclosure: The author has no position in Heliostar Metals. Heliostar is a sponsor of the website. This post is for educational purposes only; be mindful investing in junior mining stocks is risky and you may lose your entire investment if things go wrong. Please read the disclaimer.
