Heliostar Announces First Gold Pour from San Agustin Mine Restart

Core Viewpoint - Heliostar Metals Ltd. has successfully restarted mining operations at the San Agustin mine, with the first official gold pour occurring in late January 2026, marking a significant milestone for the company [1][2]. Company Operations - The company resumed mining, crushing, and stacking new ore on the leach pad in Q4 2025, completing the restart on time and on budget [2]. - The operation is ramping up successfully, exceeding internal targets for ore mining rates and recoverable ounces stacked on the pad [2]. - The mine is projected to produce between 30,000 and 32,700 ounces of gold in 2026 [2]. Financial Outlook - The CEO noted that bringing San Agustin online has increased year-on-year consolidated production guidance by over 60% while maintaining an all-in sustaining cost (AISC) of approximately $2,000 in 2026 [3]. - With a budgeted gold price of $3,800 per ounce for 2026, cash flow from San Agustin will support company-wide exploration and capital programs, including a pit expansion at La Colorada and decline development at Ana Paula [3]. - The company anticipates building its cash position more rapidly at current spot prices, aiding in funding the Ana Paula capital expenditures planned for 2027/28 [3]. Exploration and Development - A 10,000-15,000 metre drill program at San Agustin is ongoing, focusing on defining additional oxide gold mineralization to potentially extend the current mine life [8]. - Initial assay results from the drill program are expected to be released shortly [9].