Bullboard - Stock Discussion Forum Heliostar Metals Ltd V.HSTR

Alternate Symbol(s): HSTXF

Metals & Mining Gold

Heliostar Metals Ltd. is a Canada-based mid-tier gold producer. The Company is engaged in the acquisition, exploration, and development of mineral properties in North America. The Company is focused on developing the 100% owned Ana Paula Project in Guerrero, Mexico. The Ana Paula Gold Project is an advanced-stage, gold development project located in Guerrero State, Mexico. Its San Antonio Gold... see more

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TSXV:HSTR - Post Discussion

Heliostar Metals Ltd > HSTR's Clear Path to Production

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Post by MarketMakerss on Dec 20, 2024 7:07pm

HSTR's Clear Path to Production

Marking a major milestone, Heliostar Metals (HSTR.v HSTXF) announced a mining operations at the La Colorada Mine in Mexico are set to restart in January 2025, beginning with the Junkyard Stockpile. This initiative is a key step toward achieving the company’s goal of becoming a mid-tier gold producer.

Key Highlights:

Junkyard Stockpile: A historical waste rock site evaluated with 57 drill holes over a 2,290-meter area, including resource modeling and metallurgical testing.
Transition to Active Mining: Moving from residual leaching to active mining and crushing operations, marking a significant growth phase for La Colorada.
Upcoming Technical Report: A detailed technical report covering the Junkyard Stockpile and the expanded Creston Pit will be released in January 2025, providing a roadmap for production.
Future Opportunities: The historic tailings facility beneath the stockpile offers potential for additional resource development.

CEO Charles Funk emphasized that restarting operations at La Colorada is pivotal for delivering 2025 production guidance and advancing Heliostar’s transformation into a mid-tier producer.

Why Invest in Heliostar?

Production Growth: La Colorada and recent acquisitions like San Agustin are projected to contribute 200,000 ounces in 2024, complementing flagship Ana Paula, which is on track to deliver over 100,000 ounces annually by 2028.
Valuation Upside: Cormark Securities recently set a $2.00 price target, more than 3x the current valuation.
Experienced Team: Heliostar’s seasoned management is well-positioned to execute on its growth strategy.
Discounted Valuation: Heliostar trades at a steep discount to peers, presenting a compelling investment case.

With a clear path to production milestones and substantial growth ahead, Heliostar Metals offers investors a unique opportunity to capitalize on a burgeoning gold producer.

Full News Release: https://www.heliostarmetals.com/news-articles/heliostar-plans-to-restart-mining-operations-at-la-colorada-mine-mexico

Deep Dive: https://www.reddit.com/r/PennyStocksCanada/comments/1hgmerd/heliostar_metals_tsxv_hstr_the_path_to_100000000/

Posted on Behalf of Heliostar Metals Ltd.