Heliostar Metals (“Heliostar”) has announced the first gold pour from the San Agustin mine occurred in late January. Mining operations were successfully resumed in Dec’25, with the restart both on time and budget. Management highlights the ramp up exceeded internal targets for mining rates and recoverable ounces stacked, with guidance for 2026 reiterated at 30Koz-32.7koz. We maintain our FY26 estimate for San Agustin at 31.35koz at an All In Sustaining Cost (“AISC”) of US$2,171/oz. This year, 13 ....
