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.
