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Nickel$16,892-0.89%
Heliostar Metals Ltd. logo

Heliostar Metals Ltd.

HSTR.VSmall CapGold

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About Heliostar Metals Ltd.

Heliostar Metals Ltd. (HSTR.V) is a gold mining company listed on the TSX Venture Exchange (TSXV). Our project database tracks 8 projects for Heliostar Metals Ltd. with technical and economic data extracted from company filings. Its flagship Ana Paula Project (PEA) carries an after-tax NPV of $426M and an IRR of 28.1% over a 9-year mine life.

Heliostar Metals is developing gold projects in Mexico, including the La Colorada mine and advanced-stage development assets in Sonora and Sinaloa. The company is advancing near-term production potential in a favorable mining jurisdiction.

Primary Commodities

Gold

Project Economics

Goldstrike Project

Gold· Utah, USA· Exploration
Resource Estimate
Mar 2026
Head Grade0.46 g/t gold (M&I grade)
Mine TypeOpen Pit
Ownership100%
Contained Metal975 koz Au
Mineral Resources
M&I Resources: 975 Koz gold @ 0.46 g/t; Inferred: 90 Koz gold

La Colorada Mine

Gold· Sonora, Mexico· Production
Production
2026
NPV (After-Tax) @ 5%$243M
IRR (After-Tax)168.4%
Initial Capex$45M
Mine Life6 yrs
Annual Production50 koz Au
Head Grade0.68 g/t gold
Mine TypeOpen Pit
Ownership100%
Contained Metal531 koz Au
Mineral Reserves
376k gold ounces (Probable: 17,117 kt @ 0.68 g/t Au, 9.2 g/t Ag)
Mineral Resources
M&I: 514 koz Au (20,213 kt @ 0.79 g/t Au, 10.4 g/t Ag); Inferred: 17 koz Au (1,144 kt @ 0.46 g/t Au, 35.1 g/t Ag)
Royalties / Streams
0%

San Agustin Mine

Gold· Durango, Mexico· Production
Production
2026
NPV (After-Tax) @ 5%$35M
IRR (After-Tax)548%
Initial Capex$40M
AISC2,150 USD/oz Au
Mine Life1.2 yrs
Annual Production30 koz Au
Head Grade0.29 g/t gold
Mine TypeOpen Pit
Ownership100%
Contained Metal339 koz Au
Mineral Reserves
68 koz gold (Probable: 7,358 kt @ 0.29 g/t Au, 16.4 g/t Ag)
Mineral Resources
M&I: 325 koz Au (23,629 kt @ 0.43 g/t Au, 12.2 g/t Ag); Inferred: 14 koz Au (1,401 kt @ 0.32 g/t Au, 9.4 g/t Ag)
Royalties / Streams
0%

Cerro del Gallo Project

Gold· Guanajuato, Mexico· Development
Pre-Feasibility
Dec 2025
NPV (After-Tax) @ 5%$424M
NPV (Pre-Tax)$972M
IRR (After-Tax)33.1%
Initial Capex$195M
AISC1,390 USD/GEO
Mine Life15 yrs
Annual Production86,000 koz GEO/yr
Mine TypeOpen Pit, Heap Leach
Ownership100%
Contained Metal4,900 koz AuEq
Mineral Reserves
Probable: 91,893 kt @ 0.51 g/t Au, 15.25 g/t Ag containing 1,495 koz Au, 45,066 koz Ag
Mineral Resources
M&I: 4,900 Koz AuEq; Inferred: 400 Koz AuEq
Royalties / Streams
3.75%

Ana Paula Project

Gold· Guerrero, Mexico· Development
PEA
Nov 2025
NPV (After-Tax) @ 5%$426M
NPV (Pre-Tax)$1.01B
IRR (After-Tax)28.1%
Initial Capex$300M
AISC1,011 USD/oz
Mine Life9 yrs
Annual Production101,000 oz/yr
Head Grade5.37 g/t gold
Mine TypeUnderground
Ownership100%
Contained Metal742 koz Au
Mineral Resources
Measured & Indicated: 4.27 Mt @ 5.40 g/t Au, 742,000 oz; Inferred: 4.04 Mt @ 3.96 g/t Au, 514,000 oz

San Agustin Mine (PEA case from Technical Report Highlights)

Gold· Durango, Mexico· Production
Feasibility
Nov 2024
NPV (After-Tax) @ 5%$12M
IRR (After-Tax)156%
Initial Capex$40M
Payback1.2 yrs
AISC1,990 USD/GEO
Annual Production37.1 koz Au
Mine TypeOpen-pit
Ownership100%
Mineral Reserves
68 koz Au @ 0.29 g/t
Royalties / Streams
0%

San Antonio Project

Gold· Baja California Sur, Mexico· Development
PEA
Nov 2024
Initial Capex$131M
AISC1,063 $/oz
Mine Life14 yrs
Annual Production80 koz/yr
Head Grade1.0 g/t gold
Mine TypeOpen Pit, Heap Leach
Ownership100%
Contained Metal1,741 koz Au
Mineral Resources
M&I 1,741 koz gold
Royalties / Streams
0%

Unga Project

Gold· Alaska, USA· Exploration
Resource Estimate
2020

Project figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found. They may contain errors — always verify against the linked source document.

How the Economics Evolved

Cerro del Gallo Project

3 studies on record
Pre-Feasibility
$972M
IRR 59.3% · Capex $195M
Pre-Feasibility
Dec 2025
$424M(-56%)
IRR 33.1% · Capex $195M
Pre-Feasibility
Dec 2025
$424M
IRR 33.1% · Capex $195M

San Agustin Mine

3 studies on record
Study
$35M
IRR 548% · Capex $40M
Feasibility
Nov 2024
$12M(-66%)
IRR 156%
Feasibility
Nov 2024
$12M
IRR 156% · Capex $40M

La Colorada Mine

3 studies on record
Study
$243M
IRR 168.4% · Capex $45M
Feasibility
Oct 2025
$243M
IRR 168.4% · Capex $45M
Feasibility
Oct 2025
$66M(-73%)
IRR 24.4% · Capex $45M

San Antonio Project

2 studies on record
PEA
Nov 2024
Capex $131M
PEA
Nov 2024
Capex $131M

Ana Paula Project

3 studies on record
PEA
Nov 2025
$426M
IRR 28.1% · Capex $300M
PEA
Nov 2025
$426M
IRR 28.1% · Capex $300M
PEA
Nov 2025
$1.01B(+138%)
IRR 51.3% · Capex $300M

Goldstrike Project

3 studies on record
Resource Estimate
Mar 2026
Resource Estimate
Mar 2026
Resource Estimate
Mar 2026

Economics as disclosed in each successive study. NPV shown in US$ where a currency conversion is available (at each study's own period rate), else in the study's stated currency. Verify against the source filings.

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Financial Metrics

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Frequently Asked Questions

What does Heliostar Metals Ltd. mine?
Heliostar Metals Ltd. is focused on Gold.
What is the economic value of Heliostar Metals Ltd.'s Ana Paula Project?
According to its PEA, Ana Paula Project has an after-tax NPV of $426M and an IRR of 28.1%.
What exchange is Heliostar Metals Ltd. listed on?
Heliostar Metals Ltd. trades under the ticker HSTR.V on the TSX Venture Exchange (TSXV).
How many projects does Heliostar Metals Ltd. have?
We track 8 projects with extracted technical and economic data for Heliostar Metals Ltd.

Project Analysis

ANALYSISGOLDFEASIBILITY STUDY

San Agustin Mine (PEA case from Technical Report Highlights) Feasibility Study: $12M NPV, 156% IRR

Heliostar Metals Ltd.'s San Agustin Mine (PEA case from Technical Report Highlights) in Durango, Mexico has a Feasibility Study outlining an after-tax NPV of $12M, an after-tax IRR of 156%, and initial capital of $40M.

Heliostar Metals Ltd.Jun 21, 2026
ANALYSISGOLDPEA

San Antonio Project PEA: $131M Capex Over a 14-Year Mine Life

Heliostar Metals Ltd.'s San Antonio Project in Baja California Sur, Mexico has a Preliminary Economic Assessment (PEA) outlining initial capital of $131M. The mine plan runs 14 years at about 80 koz/yr per year.

Heliostar Metals Ltd.Jun 14, 2026
ANALYSISGOLDPFS

Cerro del Gallo Project PFS: $424M NPV, 33.1% IRR

Heliostar Metals Ltd.'s Cerro del Gallo Project in Guanajuato, Mexico has a Pre-Feasibility Study (PFS) outlining an after-tax NPV of $424M, an after-tax IRR of 33.1%, and initial capital of $195M. The mine plan runs 15 years at about 86000 koz GEO/yr per year.

Heliostar Metals Ltd.Jun 14, 2026
ANALYSISGOLDPEA

Ana Paula Project PEA: $426M NPV, 28.1% IRR

Heliostar Metals Ltd.'s Ana Paula Project in Guerrero, Mexico has a Preliminary Economic Assessment (PEA) outlining an after-tax NPV of $426M, an after-tax IRR of 28.1%, and initial capital of $300M. The mine plan runs 9 years at about 101000 oz/yr per year.

Heliostar Metals Ltd.Jun 14, 2026
ANALYSISGOLDPRODUCTION UPDATE

San Agustin Mine Production Update: $35M NPV, 548% IRR

Heliostar Metals Ltd.'s San Agustin Mine in Durango, Mexico has a production guidance outlining an after-tax NPV of $35M, an after-tax IRR of 548%, and initial capital of $40M. The mine plan runs 1.2 years at about 30 koz Au per year.

Heliostar Metals Ltd.Jun 14, 2026
ANALYSISGOLDPRODUCTION UPDATE

La Colorada Mine Production Update: $243M NPV, 168.4% IRR

Heliostar Metals Ltd.'s La Colorada Mine in Sonora, Mexico has a production guidance outlining an after-tax NPV of $243M, an after-tax IRR of 168.4%, and initial capital of $45M. The mine plan runs 6 years at about 50 koz Au per year.

Heliostar Metals Ltd.Jun 14, 2026

Quick Facts

Ticker Symbol
HSTR.V
Market Cap
Small Cap
Category
Gold
Commodities
Gold

This information is for educational purposes only and does not constitute investment advice. Always conduct your own research before making investment decisions.

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