Q3 2025 Heliostar Metals Ltd Earnings Call Transcript

Mar 23, 2026 / 06:00 PM GMT

Transcript

Key Points

Positve

Heliostar Metals Ltd (HSTXF) achieved a production of over 34,000 gold equivalent ounces in 2025, aligning with their guidance and cost range.
The company successfully restarted the Colorado mine and received key operating expansion permits, enhancing their operational base.
Heliostar Metals Ltd (HSTXF) reported a net income of $12.4 million and maintained a strong cash balance of $40.6 million with no debt.
The company is on track for a 60% increase in production for 2026, with a guidance of 50,000 to 55,000 ounces of gold.
Heliostar Metals Ltd (HSTXF) acquired the Gold Strike project, adding a potential 1 million ounce deposit to their portfolio, with exploration upside and critical mineral aspects.

Negative

There was a mismatch between calendar and fiscal year numbers due to a change in fiscal year-end, which may cause confusion in financial reporting.
The company faced delays in starting mining operations at Saint Augustine, impacting production timelines.
The Eldorado waste dump did not meet the expected grades for production at current gold prices, limiting resource utilization.
Safety and security concerns in Mexico remain a risk, although the company has not had to modify operations yet.
The company is still in a transitional phase between developer and producer valuation, which may affect market perception and valuation.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HSTR.V - Heliostar Metals Ltd
Q3 2025 Heliostar Metals Ltd Earnings Call
Mar 23, 2026 / 06:00PM GMT

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Presentation
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Unidentified_1 [1]
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Perfect.

Thank you, everyone for logging on today. Hear about our Q4, quarterly operating results in the, year ended December 31st, 2025. I will note just at the top, and we'll go into it in a little more detail that, we did adjust our fiscal year. So there is going to be a bit of a mismatch between some of the numbers on calendar and fiscal. So please keep that in mind as we go through it. With me today is our CEO Charles Funk, our CFO Vitolina Lee Soon. And our COO Greg Bush, here to give you the full update on the quarter and our path forward.

And we will of course be making forward-looking statements. I'll leave this, I'll leave you to peruse this at your leisure, and, yeah, let's dive into the quarter. Thanks.

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