Heliostar Metals Produces 20,795 GEO’s In 2024
Heliostar Metals (TSXV: HSTR) has released its production results for the fourth quarter of 2024, highlighted by 10,391 ounces of gold equivalent production.
Production in the fourth quarter came from two operating mines, with La Colorado producing 3,052 gold ounces and 9,823 silver ounces, which equates to 3,167 gold equivalent ounces. San Agustin saw the production of 7,104 gold ounces and 10,231 silver ounces, for a combined 7,224 gold equivalent ounces. On a consolidated basis, Heliostar produced 10,156 ounces of gold and 20,054 ounces of silver in Q4.
For the full fiscal year, production totaled 20,795 gold equivalent ounces, which breaks down to 20,298 ounces of gold and 43,076 ounces of silver. Guidance for the year called for total gold equivalent production of 20,000 to 20,250 GEO’s. Cash costs and all in sustaining costs meanwhile are expected to be below the low end of guidance for 2024.
Heliostar also provided guidance for 2025 this morning, with the company calling for gold equivalent production of 31,000 to 41,000 ounces, which represents an over 50% increase in production on an annual basis, based on guidance midpoints.

Cash costs across operations are estimated to be between $1,800 and $1,950 an ounce, while all in sustaining costs are slated to be between $1,950 and $2,100 an ounce. Elevated costs are related to an open pit expansion at San Agustin planned for 2025, with initial capital costs expected to increase costing on a per ounce basis, which will decline in 2026.
Heliostar Metals last traded at $0.77 on the TSX Venture.
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