Heliostar Metals (HSTR) Corporate presentation summary

Strategic vision and growth targets

• Aims to become a mid-tier gold producer with over 500,000 ounces annual output by 2030, focusing on assets in the 100–250koz/year range for scalable growth.

• Portfolio includes 2 producing mines and 5 growth projects, all 100% owned, with a total of 1.9Moz probable gold reserves and 7.3Moz M&I gold resources.

• Organic growth strategy leverages mine expansions, new project development, and exploration upside.

Operating and financial performance

• Produced 34,098 GEO in 2025 with cash costs of $1,541/GEO and AISC of $2,028/GEO; mine operating earnings reached $47.4M and net income $12.4M.

• 2026 guidance targets 50,000–55,000 gold ounces at consolidated cash costs of $1,850–1,950/oz and AISC of $2,025–2,125/oz.

• Ended 2025 with $40.6M cash and no debt, supporting ongoing investment in exploration and growth projects.

Key assets and project highlights

• La Colorada: 2026 guidance of 20,000–22,300 GEO at $1,650–1,750 cash cost; 6-year mine life, $243M NPV5% (upside), and 168% IRR at $3,500/oz gold.

• San Agustin: 2026 guidance of 30,000–32,700 gold ounces; restarted in late 2025, with ongoing drilling for mine life extension.

• Ana Paula: Underground project targeting 101koz/year at $709/oz cash cost, $1,011 AISC, 9-year mine life, $1,012M NPV5% (upside), and 51% IRR at $3,800/oz gold.

• Cerro del Gallo: 15-year open pit heap leach project, 86k GEO/year, $1,390 AISC, $972M NPV5% (upside), and 59% IRR at $3,900/oz gold.

• Goldstrike: 975koz M&I resource in Utah, USA, with gold and antimony, advancing toward PEA and permitting.