From The Precious Metals Summit Beaver Creek, Stephen Soock, Vice President of Investor Relations at Heliostar Metals Ltd. (TSXV: HSTR), joins us to discuss the company’s plan to become a 500,000-ounce-per-year gold producer by the end of the decade.
Stephen explains how Heliostar acquired two idled Mexican mines, returned them to production and created a source of cash flow to help advance its flagship Ana Paula project. The company expects Ana Paula to produce approximately 100,000 ounces of gold annually at an all-in sustaining cost of roughly $1,000 per ounce.
We also discuss Heliostar’s plan to fund Ana Paula’s estimated $300 million construction cost using approximately $150 million in internally generated cash alongside debt or other non-dilutive financing. Stephen also addresses Mexico’s improving permitting environment, the company’s feasibility study, upcoming drill results and the milestones investors should watch over the next year.
Information for this briefing was found via the sources and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.