Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR - OTCQX:HSTXF - FRA: RGG1) joins us to discuss the Company's recent Q4 financial results, focusing on the transition into a gold-producing company with cash flow from operations. Highlights of the financial performance include generating over $9 million in cash from production and growing their cash position to $7.7 million. Additionally, we discuss plans for increased production and lower costs in 2025. 

The conversation also covers repayment of the Company's significant debt, acquired during asset purchases including the Mexican assets from Florida Canyon Gold. 

Alongside these financial updates, we delve into drill results from the Ana Paula Project, showcasing some high grade hits that highlight the potential of this flagship project. 

Looking ahead, Charles outlines production goals, including doubling gold production to 30,000-40,000 ounces by 2025, and further expanding operations into 2026 and 2027. We also address future cost management, aiming to bring down the All-In Sustaining Cost (AISC) while maximizing cash flow.

Please email me at [email protected] with any follow up questions for Charles. 

Click here to visit the Heliostar Metals website to learn more about the Company.

1,2,3,4,5 - Certain additional disclosures for these specified financial measures have been incorporated by reference and can be found in the Company’s MD&A for Q4 2024, available on SEDAR+.