# Heliostar Presents Record Q1 2026 Financial and Operating Results

Source Brief: https://evesgoldminers.com/research/source-briefs/heliostar-metals-ltd-2026-05-11-heliostar-presents-record-q1-2026-financial-and-o-7b8e2b93
Original source: https://www.heliostarmetals.com/news-media/news-releases/heliostar-presents-record-q1-2026-financial-and-operating-results
Original published: 2026-05-11
EGM generated: 2026-09-27
Company: Heliostar Metals Ltd. (HSTR)

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## Extracted Document Text

# Heliostar Presents Record Q1 2026 Financial and Operating Results

Source: https://www.heliostarmetals.com/news-media/news-releases/heliostar-presents-record-q1-2026-financial-and-operating-results
Published: 2026-05-11T23:00:00+00:00
Fetched: 2026-09-12T07:02:40.288+00:00
Source artifact: 7b8e2b93-8a8f-4010-9739-5d81401990a2
Normalizer input: text

## Content

Vancouver, Canada, May 12, 2026 – Heliostar Metals Ltd. (TSX.V: HSTR, OTCQX: HSTXF, FRA: RGG1) (“Heliostar” or the “Company”) reported unaudited financial results for the three months ended March 31, 2026 (“Q1”). Results are presented in US dollars, unless otherwise stated.
Heliostar CEO, Charles Funk, commented, “In Q1, Heliostar had record gold production, record revenue, record mine operating earnings and record working capital. We are taking advantage of the strong gold price environment to maximize cash generation from our production assets and using the cash flow to bring Ana Paula toward production. Execution of our strategy is on track as we have continued to build our balance sheet while aggressively drilling across the portfolio. This allows us to grow the business on two fronts - adding to our already substantial resource base and establishing the financial platform to build Ana Paula without equity dilution.”
“Within the quarter, we ramped up the restart of mining at San Agustin, which contributed for slightly over two months and sets a platform for further production growth in Q2. We also acquired the Goldstrike project in Utah, which fits our profile of finding accretive acquisition opportunities that fly under the radar. We continue a clear strategy of production growth on shareholder first terms and build towards our corporate goal of being a 500,000 ounce per year producer by the end of the decade.”