Wedoany.com Report on Feb 12th, Heliostar Metals has achieved its first gold pour following the successful restart of operations at its San Agustin mine in Durango, Mexico, marking a milestone that establishes the mine as the company's second producing asset after the La Colorada mine in Sonora. The restart was completed on schedule and within budget, laying the groundwork for 2026 production targets.

Heliostar Metals (TSX-V: HSTR) confirmed that the first gold pour was executed in late January 2026, with operational performance already exceeding internal targets for mining rates and recoverable ounces on the leach pad. The company is steadily advancing towards its 2026 production guidance, expecting consolidated production to reach between 50,000 and 55,000 ounces of gold. The San Agustin mine is projected to contribute 30,000 to 32,700 ounces, while the La Colorada mine is expected to provide 20,000 to 22,300 ounces.

CEO Charles Funk stated, "Bringing San Agustin back into production increases our consolidated production guidance by over 60% year-over-year, while the 2026 AISC is anticipated to be near $2,000 per ounce, with a guidance range of $2,025 to $2,125 per ounce." This highlights the significant role of the San Agustin mine in boosting the company's overall production and cost control.

To extend the mine life, Heliostar has initiated a 10,000 to 15,000-meter drilling program at the San Agustin mine, focusing on exploring oxide gold mineralization around the open pit. Assay results are expected in the near term. Originally developed by Argonaut Gold in 2012, the mine was idled in 2024 before being taken over by Heliostar. Located approximately 100 kilometers from the city of Durango, the company is now exploring previously restricted areas like Corner to optimize resource utilization.