Heliostar Metals announced that the first official gold pour from restarted mining operations at its San Agustin mine in Durango, Mexico, occurred in late January. The mine is on track to meet production guidance of 30,000–32,700 ounces of gold in 2026.
“It is an extraordinary time in the gold market to bring new production online. Bringing San Agustin online has increased our year-on-year consolidated production guidance by over 60% whilst maintaining a low ~$2,000 AISC in 2026,” said Heliostar Metals CEO Charles Funk.
“At our 2026 budget gold price of $3,800 per ounce, cash flow from San Agustin allows us to fund our company-wide exploration programs and capital programs, including a pit expansion at La Colorada and decline development at Ana Paula. At current spot prices, we can do all this and build our cash position more rapidly to help fund the Ana Paula CAPEX planned for 2027/28.”
Heliostar Metals resumed mining, crushing and stacking of new ore on the leach pad at San Agustin in the fourth quarter of 2025. A 10,000–15,000-meter drill program is ongoing at the operation. The current focus is on defining additional oxide gold mineralization around the open pit that could extend the current mine life.
Source: Heliostar Metals