Heliostar Achieves Full-Year 2025 Production Guidance and Grows Cash to $41M
Heliostar Achieves Full-Year 2025 Production
Guidance and Grows Cash to $41M
HIGHLIGHTS:
• 2025 Production of 34,098 GEOs (32,990 gold ounces and 80,527 silver ounces)
• Cash balance of US$41M as of December 31, 2025
Vancouver, Canada – January 7 , 2026 – Heliostar Metals L td. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG 1)
(“Heliostar” or the “Company”) is pleased to announce that it produced 8,459 Gold Equivalent Ounces (GEOs)
(8,180 gold ounces and 21,494 silver ounces) in the three months ended December 31, 2025.
This resulted in a total production in calendar year 2025 of 34,098 GEOs (32,990 gold ounces and 80,527 silver
ounces). As a result, the Company achieved its production guidance for 2025 of 31,000-41,000 GEOs (see news
release dated February 4, 2025). Financial results for the quarter and year ended December 31, 2025, will be
reported during March 2026. Cash Costs and All -In Sustaining Costs ( “AISC”) are expected to be within the
guidance range.
As of December 31, 2025, the Company had a preliminary cash balance of US$41M and no debt. This provides
a strong balance sheet for Heliostar’s 2026 growth initiatives, further supported by ongoing cash generated by
operations.
Project Category 2025 Guidance Total 2025
La Colorada Mine
Gold Produced (Ounces) 17,000-23,300 17,793
Silver Produced (Ounces) 45,500-51,500 57,493
GEOs Produced (Ounces)1 17,500-23,800 18,467
San Agustin Mine
Gold Produced (Ounces) 13,000-16,700 14,883
Silver Produced (Ounces) 34,000-43,000 22,469
GEOs Produced (Ounces)1 13,500-17,200 15,139
Consolidated2
Gold Produced (Ounces) 30,000-40,000 32,990
Silver Produced (Ounces) 76,500-94,500 80,527
GEOs Produced (Ounces)1 31,000-41,000 34,098
1. Guidance based on US$2,500 per ounce gold and $30 per ounce silver price. Totals based on
average realized gold price of $3,477 and silver price of $37.52.
2. Consolidated numbers include production from El Castillo, which was re-classified to closure
status in the three months ended September 30, 2025.
Heliostar CEO, Charles Funk, commented, “This is a wonderful result for our first full year of gold production.
Achieving our 2025 guidance was the result of the team successfully executing on the restart of operations at
our two mines; La Colorada in January and San Agustin in December. The restart of San Agustin is expected to
materially increase Heliostar’s year- on-year gold production in 2026 , and we look forward to providing
TSX.V: HSTR
OTCQX: HSTXF
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TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1
guidance for 2026 shortly . In addition to increasing production this year , we will be advancing Ana Paula
through a feasibility study and recommencing the decline as we work toward our goal of becoming a 500,000
ounce per year producer by the end of the decade.”
Statement of Qualified Persons
Michael Gingles , Qualified Person, as such term is defined by National Instrument 43 -101 – Standards of
Disclosure for Mineral Projects, has reviewed the production and financial information that forms the basis for
this news release and has approved the disclosure herein. Mr. Gingles is employed as Vice President Corporate
Development of the Company.
Non-GAAP Financial Measures
Management believes that the reported non-GAAP financial measures will enable certain investors to better
evaluate the Company's performance, liquidity, and ability to generate cash flow. These measures do not have
any standardized definition under IFRS, and should not be considered in isolation or as a substitute for
measures of performance prepared in accordance with IFRS. Other companies may calculate these measures
differently.
About Heliostar Metals Ltd.
Heliostar is a gold producer with production from operating mines in Mexico. This includes the La Colorada
Mine in Sonora and San Agustin Mine in Durango. The Company also has a strong portfolio of development
projects in Mexico and the USA. These include the Ana P aula project in Guerrero, the Cerro del Gallo
project in Guanajuato, the San Antonio project in Baja Sur and the Unga project in Alaska.
FOR ADDITIONAL INFORMATION PLEASE CONTACT:
Charles Funk
President and Chief Executive Officer
Heliostar Metals Limited
Email: [email protected]
Phone: +1 844-753-0045
Rob Grey
Investor Relations Manager
Heliostar Metals Limited
Email: [email protected]
Phone: +1 844-753-0045
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain "Forward–Looking Statements" within the meaning of the United States
Private Securities Litigation Reform Act of 1995 and "forward –looking information" under applicable
Canadian securities laws. When used in this news rel ease, the words "anticipate", "believe", "estimate",
"expect", "target", "plan", "forecast", "may", "would", "could", "schedule" and similar words or
expressions, identify forward –looking statements or information. These forward– looking statements or
information relate to, among other things, the Company’s plans, prospects and business strategies; the
Company’s guidance on the timing and amount of future production and its expectations regarding the
results of operations; and expectations for other economic, business, and/or competitive factors.
Forward-looking statements and forward–looking information relating to the terms and completion of the
Facility, any future mineral production, liquidity, and future exploration plans are based on management’s
reasonable assumptions, estimates, expectation s, analyses and opinions, which are based on
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management’s experience and perception of trends, current conditions and expected developments, and
other factors that management believes are relevant and reasonable in the circumstances, but which may
prove to be incorrect. Assumptions have been made regarding, among other things, the receipt of
necessary approvals, price of metals; no escalation in the severity of public health crises or ongoing military
conflicts; costs of exploration and development; the estimated costs of development of exploration
projects; and the Company’s ability to operate in a safe and effective manner and its ability to obtain
financing on reasonable terms.
These statements reflect the Company’s respective current views with respect to future events and are
necessarily based upon a number of other assumptions and estimates that, while considered reasonable
by management, are inherently subject to significant business, economic, competitive, political, and social
uncertainties and contingencies. Many factors, both known and unknown, could cause actual results,
performance, or achievements to be materially different from the results, performance or achievements
that are or may be expressed or implied by such forward– looking statements or forward -looking
information and the Company has made assumptions and estimates based on or related to many of these
factors. Such factors include, without limitation: precious metals price volatility; risks associated with the
conduct of the Company’s mining activities in foreign jurisdictions; regulatory, consent or permitting
delays; risks relating to reliance on the Company’s management team and outside contractors; risks
regarding exploration and mining activities; the Company’s inability to obtain insurance to cover all risks,
on a commercially reasonable basis or at all; currency fluctuations; risks regarding the failure to generate
sufficient cash flow from operations; risks relating to project financing and equity issuances; risks and
unknowns inherent in all mining projects, including the inaccuracy of reserves and resources, metallurgical
recoveries and capital and operating costs of such projects; contests over title to properties, particularly
title to undeveloped properties; laws and regulations governing the environment, health and safety; the
ability of the communities in which the Company operates to manage and cope with the implications of
public health crises; the e conomic and financial implications of public health crises, ongoing military
conflicts and general economic factors to the Company; operating or technical difficulties in connection
with mining or development activities; employee relations, labour unrest or unavailability; the Company’s
interactions with surrounding communities; the Company’s ability to successfully integrate acquired
assets; the speculative nature of exploration and development, including the risks of diminishing quantities
or grades of reserves; stock market volatility; conflicts of interest among certain directors and officers; lack
of liquidity for shareholders of the Company; litigation risk; and the factors identified under the caption
“Risk Factors” in the Company’s public disclosure documents. Readers are cautioned against attributing
undue certainty to forward –looking statements or forward -looking information. Although the Company
has attempted to identify important factors that could cause actual results to differ materially, there may
be other factors that cause results not to be anticipated, estimated or intended. The Company does not
intend, and does not assume any obligation, to update these forward– looking statements or forward -
looking information to reflect changes in assumptio ns or changes in circumstances or any other events
affecting such statements or information, other than as required by applicable law.