Vancouver, British Columbia — January 13, 2026 — Leads & Copy — Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) has released its production and cost guidance for 2026, outlining growth plans across its portfolio.
The company anticipates producing 50,000-55,000 ounces of gold, with cash costs projected at $1,850-$1,950 per ounce and All-In Sustaining Costs (AISC) at $2,025-$2,125 per ounce. Heliostar intends to reinvest cash flow from ongoing operations into exploration and growth initiatives, particularly advancing the Ana Paula development project.
La Colorada Mine
For the La Colorada mine, Heliostar expects to produce 20,000-22,300 ounces of gold at an AISC of $1,775-$1,875 per ounce. This production will come from processing stockpiles, including the Junkyard Stockpile ore and a portion of the Truckshop Stockpile, as well as re-leaching efforts.
The company plans to start development of the Veta Madre open pit expansion project in early Q3 2026, including pre-stripping 11 million tonnes of waste to access 43,000 ounces of in-situ gold reserves, starting in H1 2027.
Heliostar will invest up to $5.8 million in resource development and exploration at La Colorada in 2026.
San Agustin Mine
Following the resumption of mining operations in December 2025, the San Agustin mine is expected to produce 30,000-32,700 ounces of gold at a site-level AISC of $2,150-$2,250 per ounce.
The company has allocated $9.7 million to exploration to unlock the full geologic potential of the property.
Ana Paula Project
The 20,000-meter infill and expansion drill program at Ana Paula will continue through Q1 2026, with an additional 6,500 meters approved to upgrade inferred material.
Work has begun on a Feasibility Study for Ana Paula, slated for completion in the first half of 2027, to define plans to develop a 100,000-ounce-per-year gold mine.
Heliostar intends to continue advancing the 412-meter production-scale decline into the Ana Paula deposit in 2026, starting in Q3, as part of a de-risking program to support production in the second half of 2028. The company will invest $6.6 million in resource development and regional exploration at Ana Paula in 2026, in addition to the $15.0 million for the decline.
Other Properties
At Cerro del Gallo, Heliostar is in permitting discussions and community engagement. Work is planned to update the geologic model for flotation testing and further metallurgical test work. Unga and San Antonio will undergo smaller exploration and metallurgical programs. The total planned expenditure for these properties is $4.9 million.
Gregg Bush, P.Eng., Chief Operating Officer of Heliostar Metals Ltd., has reviewed and approved the technical information in this release.
Charles Funk, President and Chief Executive Officer, can be contacted by email at charles.funk@heliostarmetals.com or by phone at +1 844-753-0045.
Rob Grey, Investor Relations Manager, can be contacted by email at rob.grey@heliostarmetals.com or by phone at +1 844-753-0045.
Source: Heliostar Metals Ltd.
