Heliostar Metals – Updates On The Acquisition Of Production Assets And Drilling Starting At Ana Paula To Expand The High-Grade Resource
Charles Funk, President and CEO of Heliostar Metals (TSX.V:HSTR – OTCQX:HSTXF – FRA: RGG1) joins me to recap the recent Beaver Creek Conference and update us on the newly acquired portfolio of producing mines in Mexico and the commencement of drilling at Ana Paula.
The discussion covers a $10 million debt facility announced to support the acquisitions, how this limits dilution, and the future cash flow from production. We discuss how the Company is planning to scale production to 150,000 ounces of gold per year by 2026.
Charles also outlines the two-phase, 5,000-meter drill program at Ana Paula intended to grow the high-grade resource.
Please email me at Fleck@kereport.com with any follow up questions for Charles.
Click here to visit the Heliostar Metals website to learn more about the Company.
Freegold Resources is in Alaska near the Kinross Fort Knox mine, Freegold has 12 million proven ounces of gold, I think they would be a good fit for Kinross. DT
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Coupla years ago I had a substantial position in Kinross(KGC) average cost 4USD, good dividend, selling covered calls, selling some puts.. The company news was generally negative so I sold out. Big mistake, given where the stock sits today with Great Bear and other developments.