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An announcement from Heliostar Metals ( (TSE:HSTR) ) is now available.
Heliostar Metals has announced promising results from its ongoing 15,000-meter drill program at the Ana Paula project, with significant gold grades reported. The addition of a third drill rig aims to expedite the program, supporting the feasibility study and advancing towards a construction decision for a mine projected to produce 100,000 ounces of gold annually by 2028. This strategic move is part of Heliostar’s plan to strengthen its position as a mid-tier gold producer, with the drilling program designed to convert inferred resources to higher confidence categories and refine the mine design.
The most recent analyst rating on (TSE:HSTR) stock is a Buy with a C$2.75 price target. To see the full list of analyst forecasts on Heliostar Metals stock, see the TSE:HSTR Stock Forecast page.
Spark’s Take on TSE:HSTR Stock
According to Spark, TipRanks’ AI Analyst, TSE:HSTR is a Neutral.
Heliostar Metals exhibits strong growth potential with recent positive corporate developments and an attractive valuation. However, challenges in achieving consistent profitability and cash flow generation are significant risks. The company’s strong balance sheet and moderate positive momentum offer some stability and upside potential.
To see Spark’s full report on TSE:HSTR stock, click here.
More about Heliostar Metals
Heliostar Metals Ltd. operates in the mining industry, focusing on gold exploration and development. The company is engaged in drilling and resource conversion at its 100% owned Ana Paula project in Guerrero, Mexico, aiming to enhance its gold production capabilities.
Average Trading Volume: 496,618
Technical Sentiment Signal: Buy
Current Market Cap: C$456.8M
Find detailed analytics on HSTR stock on TipRanks’ Stock Analysis page.