HSTR Files Technical Reports for Mexico Projects Yesterday, Heliostar Metals (HSTR.v HSTXF) announced the filing of technical reports for its recently acquired projects in Mexico, including the La Colorada Operations, the San Agustin Operations and the San Antonio Project.
La Colorada Project
- US$25.9M NPV5, 11.9% IRR, US$53.9M CAPEX and 287k total ounces produced at a US$2,000/oz gold price
- Restarted production this month from new mineral reserve at Junkyard Stockpile
- Plans for expansion through El Crestn deposit to achieve over 50,000 ounces of gold production annually
- Current drilling program with 5 drill rigs aims to reduce CAPEX and enhance production efficiencies
- Updated technical report expected in mid-2025
San Agustin Project
- US$12.7M NPV5 & 156% IRR underscore the project's potential as a high-cash-flow project
- US$4.2M CAPEX and 45k total ounces produced at a US$2,100/oz gold price
- Phase 4 operations to include exploration to extend the mine life through both oxide and sulfide gold resources.
San Antonio Project
- PEA highlights a US$398.7M NPV5 and a robust 40.7% IRR at a US$1,900/oz gold price.
- 1.1 Moz gold-producing asset and US$131.3M CAPEX
- Low all-in sustaining costs (ASIC) of sub-US$1,100/oz
- Long mine life of nearly 14 years.
With minimal capital requirements for San Agustin and strategic plans to optimize La Colorada, HSTR is well-positioned to deliver strong returns at conservative gold prices, with even greater upside potential at current market levels. In making significant strides toward its goal of becoming a mid-tier gold producer, these projects collectively showcase the company’s focus on maximizing economic value and advancing sustainable mining practices in the region.
For more information, refer to this deep dive: https://www.reddit.com/r/smallstreetbets/comments/1hqr55w/advancing_midtier_gold_production_heliostar/
Full News Release: https://www.heliostarmetals.com/news-articles/heliostar-files-technical-reports-on-mines-and-development-project-recently-acquired-in-mexico
Posted on Behalf of Heliostar Metals Ltd.