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

  • Heliostar Metals Ltd. reported record Q3 2026 revenues of $66.3 million driven by record mine operating earnings of $36.5 million.
  • The company produced 14,481 gold ounces & 83,067 silver ounces in the quarter with an average gold sale price of $4,243 per ounce.
  • Consolidated cash costs for Q3 were $1,588 per ounce of gold sold, while the all-in sustaining cost (AISC) was $1,948 per ounce.
  • Net income attributable to shareholders reached $10.2 million ($0.04 per share), up from $8.0 million in the previous quarter.
  • The company ended Q3 with a record cash balance of $53.6 million & holds no debt.
  • San Agustin mine maintained steady-state production from the Corner Reserve area, with drill results indicating potential mine life extensions.
  • La Colorada mine continued injection leaching production & commenced waste stripping at the Veta Madre Plus pit to enable production starting in late Q2 2027.
  • The Ana Paula Feasibility Study remains on track for completion in Q2 2027, with underground permits submitted & debt financing discussions advancing.
  • Development expenditures at Ana Paula totaled $6.2 million in the quarter, with initial development costs expected to increase soon.
  • Safety performance improved significantly with a lost-time injury frequency rate (LTIFR) of 0.22, representing a 50% reduction from the 2025 full-year result.
  • The company remains on track to achieve full-year gold production guidance of 50,000-55,000 ounces.
  • Additional pipeline projects including Cerro del Gallo, Goldstrike, & San Antonio continue to advance with updated geological models & exploration programs.
Company
Heliostar Metals Ltd.
Keywords
Metals & Mining, Company Update