Heliostar’s third-quarter results could not be verified ahead of company webinar on Nov. 13
Key Facts
Heliostar’s third-quarter 2026 results and financial and operating figures could not be verified against a reliable open statement ahead of the company’s webinar scheduled for Nov. 13. Heliostar’s website said the webinar would be held at 11 a.m. Eastern time. In its second-quarter report, the company said it produced 14,803 ounces of gold and 79,710 ounces of silver during the quarter. It also reported cash costs of $1,654 per ounce of gold sold and all-in sustaining costs of $2,287 per ounce. Those figures provide operating context for the previous quarter, but do not establish third-quarter results.
As of June 30, 2026, the company said it had $43.0 million in cash and working capital of $45.9 million, with no debt on that date. Those balances relate to the end of the second quarter and do not confirm its cash or debt position at the end of September. Heliostar also reported second-quarter net income attributable to shareholders of $8.0 million, compared with $14.1 million in the first quarter. The company attributed the decline to annual stock option grants, higher tax expenses and a stronger Mexican peso. It said lower exploration expenses partly offset those factors.
On operations, the CEO said stable operation of the company’s two mines had enabled it to generate operating cash flow despite volatility in gold prices. He added that the mines produce gold at low costs and that the cash flow allows the company to continue generating operating liquidity. In its second-quarter report, Heliostar said it was on track to meet its 2026 annual production guidance of 50,000 to 55,000 ounces of gold. That range remains the guidance the company announced in the report. Confirming whether it will achieve the target, or make any changes to it, requires subsequent company data.
On mine development, the company announced in August that mining had begun in the Veta Madre pit at the La Colorada mine. It said higher-grade ore from the new pit would begin production the following year, and that the pit expansion aims to add 20,000 ounces of gold above current reserves. In a September update on the Ana Paula project, Heliostar said the feasibility study was targeted for completion in the second quarter of 2027. It added that it was targeting a construction decision in mid-2027, with first gold production planned before the end of 2028. The update said the study was 34% complete as of Sept. 21, and that submission of the environmental permit application for the underground mine was planned for September or October 2026.
On Nov. 9, Heliostar said drilling results at San Agustin could extend the mine’s life by up to two years. It cited extensions of shallow oxide mineralization more than 200 meters from the edge of current reserves. The announcement adds to the company’s operating and development backdrop, while verified open-source figures for third-quarter results were unavailable in the evidence reviewed. The Nov. 13 webinar is scheduled to give the company an opportunity to present the period’s results at 11 a.m. Eastern time. The available information included no other confirmed details on third-quarter figures or the market reaction.