Heliostar Third-Quarter Revenue Hits a Record 66.3 Million Dollars: 14,481 Gold Ounces Produced, Net Income of 10.2 Million Dollars and a Record Cash Balance of 53.6 Million Dollars With No Debt
Heliostar Metals reported unaudited financial and operating results for the three and nine months ended September 30, 2026 in Vancouver, British Columbia on November 13, 2026. Results are presented in U.S. dollars unless otherwise stated.
The company produced 14,481 gold ounces and 83,067 silver ounces in the third quarter, and sold 14,603 gold ounces and 79,192 silver ounces. Production was reported from the La Colorada and San Agustin mines, with San Agustin producing 9,121 gold ounces and 34,784 silver ounces in the quarter.
Record revenues of 66.3 million dollars drove record mine operating earnings of 36.5 million dollars, for before-tax earnings of 23.3 million dollars. Net income attributable to shareholders was 10.2 million dollars, or 0.04 dollars per share. Chief executive Charles Funk said the third quarter was Heliostar's most profitable quarter yet.
Consolidated cash cost was 1,588 dollars and consolidated all-in sustaining cost was 1,948 dollars per ounce of gold sold in the quarter, at an average gold sale price of 4,243 dollars per ounce. The cash balance grew to a record 53.6 million dollars, a 10.6 million dollar increase in the quarter, after 6.2 million dollars was also spent at Ana Paula, and the company had no debt at September 30, 2026.
Revenue for the first nine months was 177.2 million dollars. Heliostar hosted a conference call on Friday, November 13, 2026 at 11:00 a.m. Eastern Time to discuss the third-quarter results and provide a corporate update.
Source: Heliostar Metals
Published by GSM · USA (original Chinese edition)
Photo: 图：露天金矿矿坑（Heliostar相关资料图）。Calistemon，CC BY-SA 4.0，Wikimedia Commons。 / Photo: 露天金矿矿坑. Calistemon, CC BY-SA 4.0, via Wikimedia Commons.
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