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ACCESS Newswire·

Heliostar Presents Q3 2026 Financial and Operating Results with Record Mine Operating Earnings and Cash Balance

  • Heliostar Metals Ltd. reported record Q3 2026 results with production of 14,481 gold ounces & 83,067 silver ounces.
  • Consolidated cash costs were $1,588 per gold ounce sold, while all-in sustaining costs (AISC) were $1,948 per ounce.
  • Average gold sale price was $4,243 per ounce, driving record revenues of $66.3 million & mine operating earnings of $36.5 million.
  • Net income for the quarter was $10.2 million ($0.04 per share), compared to $8.0 million in the previous quarter.
  • The company ended Q3 with a record cash balance of $53.6 million & holds no debt.
  • Safety performance improved significantly with no lost-time injuries reported & a 50% reduction in lost-time injury frequency rate versus 2025.
  • La Colorada mine produced 5,359 gold ounces & 48,283 silver ounces, with waste stripping commencing at Veta Madre Plus for late Q2 2027 production.
  • San Agustin mine produced 9,121 gold ounces & 34,784 silver ounces, maintaining steady production from the Corner Reserve with ongoing drilling for mine life extensions.
  • Ana Paula Feasibility Study remains on track for completion in Q2 2027, with underground permits submitted & initial development expenditures increasing soon.
  • The company plans to deploy cash into de-risking Ana Paula's timeline rather than accumulating further cash, aiming to reach production without equity dilution.
  • Full-year production guidance of 50,000-55,000 gold ounces remains unchanged, with year-to-date results tracking towards the target.
  • Additional development projects including Cerro del Gallo, Goldstrike, & antimony exploration initiatives continue to advance.
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B2i Digital, Inc.
Keywords
Business & Professional Services, Company Update