Heliostar Presents Fiscal 2025 Financial Results

By Finance News On Mar 19, 2026

Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) (“Heliostar” or the “Company”) today reported audited financial results for the nine months ended December 31, 2025 (“Fiscal 2025”). The fiscal 2025 results are presented for the nine-months period as the Company adjusted its reporting year end to December 31.

Full year 2025 Highlights

Achieved full-year production guidance with 34,098 gold-equivalent ounces (“GEOs”) produced in calendar 2025
Outperformed calendar 2025 cash cost guidance with consolidated cash costs of $1,541/GEO with all-in sustaining costs (“AISC”) of $2,028/GEO within the guidance range
$65.9 million in mine operating earnings from ounces not in reserves at the time of acquisition (stockpiles, re-leaching, etc) in November 2024
Changed fiscal year end from March 31 to December 31
Mine operating earnings of $47.4 million; net income of $12.4 million after $13.3 million of exploration costs in the nine-month period ended December 31, 2025
$40.6 million in cash, working capital of $49.0 million and no debt as of December 31, 2025
Exercise of the majority of the remaining 23.4 million warrants issued in March 2023 for net proceeds of $2.7 million subsequent to period end

Heliostar CEO, Charles Funk, commented, “2025 was truly a transformational year for Heliostar that has established an excellent platform to grow from. We moved from two assets in residual leaching to restarting production from stockpiles at La Colorada and closed out the year by bringing San Agustin back online. The creativity of our team to move on opportunities quickly allowed us to fully capture the impact of the rising gold price in 2025 by achieving gold-producer status. Heliostar has generated $65.9 million in mine operating earnings from production of ounces not in reserves when we purchased the portfolio in November 2024 for $5 million.

“The cash from operations has, and will continue to, support further growth in the business. We plan to invest $27.0 million in exploration across the portfolio in 2026 to unlock the near-mine geologic potential at our operations. We also plan to invest in growing production. Planned stripping at the Veta Madre pit cutback, advancing the underground decline at Ana Paula and defining mine life extension opportunities at San Agustin will all allow Heliostar to continue to grow production into 2027 and beyond.”

2025 Results Conference Call

Heliostar will host a conference call on Monday, March 23, 2026, at 2:00 PM Eastern Time/11:00 AM Pacific Time. The call will provide a corporate update following the release of our financial and operating results for fiscal 2025.

Please use the link here to register for the call or visit the Company website at www.heliostarmetals.com.

2025 Operational and Financial Highlights

Total gold production of 34,098 GEOs (32,990 gold ounces) in calendar 2025, including 8,447 GEOs (8,022 gold ounces) in the three months ended December 31. Gold production through the year was realized from mining the…