Heliostar Presents Second Quarter 2025 Financial Results

Core Viewpoint - Heliostar Metals Ltd. reported strong financial and operational results for Q2 2025, highlighting a solid performance in gold production and a robust financial position, with plans for future growth and expansion in mining operations [3][4][9]. Financial Highlights - The company achieved total gold production of 7,396 gold equivalent ounces (GEO) in Q2 2025, with year-to-date production consistent with guidance [7][21]. - Revenues for Q2 2025 reached $27.9 million, with mine operating earnings of $14.3 million [19][11]. - Net income attributable to shareholders was $1.9 million, compared to a net loss of $2.3 million in Q2 2024 [12][19]. - The company closed the quarter with $29.7 million in cash and $51.7 million in working capital, with no debt [13][19]. Operational Highlights - The La Colorada mine produced 3,538 GEOs in Q2 2025, while the San Agustin mine produced 3,622 GEOs [23][27]. - The total cash cost per GEO produced was $1,413, and the all-in sustaining costs (AISC) were $1,541 for Q2 2025 [8][9]. - The company is on track to meet its annual sales guidance of 31,000 to 41,000 GEOs for 2025 [9][10]. Growth and Development Plans - Heliostar plans to restart mining at San Agustin in late 2025, with production expected to expand into 2026 [3][15]. - An expanded $9.5 million program at the Ana Paula project includes a minimum 15,000-meter drilling program aimed at supporting a 10-year life of mine [4][16]. - The company is also preparing updated technical reports and advancing feasibility studies for its projects, including Cerro Del Gallo and Ana Paula [5][17][38]. Production Strategy - The company is focusing on extending production at La Colorada through drilling additional historical stockpiles and plans to expand the Veta Madre pit [4][26]. - Mining from the Junkyard Stockpile at La Colorada is expected to continue into 2026, with additional historical stockpiles identified for future use [14][26].