Interview Summary: HSTR Aims for 500K Annual Gold Oz by 2030 In a recent episode of the *Paydirt Podcast*, Jeff Clark from *The Gold Advisor* interviewed Charles Funk, CEO of Heliostar Metals (ticker: HSTR.V or HSTXF for US investors), about the gold producer's significant progress at its Ana Paula and La Colorada projects in Mexico.
The conversation highlighted high-grade drill results, resource growth, and plans for increased production.
Ambitious Production Targets
Heliostar is targeting annual production of 100,000 ounces within two years, with a corporate goal of reaching 500,000 ounces annually by 2030.
This growth trajectory is supported by resource expansions and cost-effective project acquisitions, including infrastructure purchased at a fraction of its value.
Ana Paula: High-Grade Gold Drill Results
Heliostar recently reported drilling 71.8 g/t gold over 16.1m in the high-grade panel at its Ana Paula project.
Funk emphasized that these results expand the high-grade panel to the north and at depth, with expectations of increasing the resource size and overall grade.
The company aims to finalize a feasibility study and make a construction decision by late 2025. Production at Ana Paula is envisioned in two phases:
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Phase 1: Initial 50,000 ounces of high grade gold annually via a $50M CAPEX plan.
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Phase 2: Doubling capacity to 100,000 ounces annually, transitioning from concentrate to dore gold bar production.
La Colorada: Accelerated Path to Cash Flow
At its La Colorada project, Heliostar is focused on restarting operations this month. The project includes a 380,000-ounce reserve under the Creston pit and untapped shallow oxide zones.
Recent results included 5m at 18 g/t gold, indicating the potential for high-margin operations.
The mine is expected to produce approximately 50,000 ounces annually for 8–10 years from pits and stockpiles.
Upcoming Catalysts
Investors can look forward to key developments in early 2025:
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Updated production guidance.
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A technical report outlining the economics of La Colorada’s restart.
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Additional assay results from Ana Paula.
Heliostar Metals is positioning itself as a mid-tier gold producer with a strong focus on maximizing shareholder value.
Full interview here: https://youtu.be/RJMfH630NTo
Posted on behalf of Heliostar Metals Ltd.