Heliostar Metals is Now Covered in J Taylor's Gold, Energy & Tech Stocks

An interview with President & CEO Charles Funk Explains why

Charles Funk, President & CEO of Heliostar Metals

After researching the story of Heliostar Metals and interviewing Charles Funk, the President, CEO and Founder of Heliostar Metals, I have chosen to add it for coverage in my newsletter, J Taylor’s Gold, Energy & Tech stocks. You can watch my interview with Charles which was recorded this past week here.

Heliostar Metals is a gold mining company with two producing mines and development assets in Mexico. It also has gold exploration assets in Alaska and Mexico. The company recently concluded the acquisition of a portfolio of Mexican gold projects from Florida Canyon Gold Inc. for US$5 million, transitioning the company from a single-asset developer to a multi-asset producer.

As reported on April 9, Heliostar closed the first quarter of 2025 with a US$27M (C$38M) cash balance, over half of which was generated from operating profits. That places the Company in a strong position to achieve its planned production and resource growth goals. The April 9 news results reflect management’s growth plans and further cements its confidence in the future of La Colorada. They are expected to positively impact the economics of the mine when management expects to update the La Colorada technical report in mid-2025. The goal is for the study to support a decision to expand production to 50,000 to 100,000 ounces of gold per year there. Additionally, the high-grades intersected demonstrate a potential underground future for the mine. Management intend to target these deeper zones in more detail after we complete the technical report.

La Colorada is just one of the company’s two currently producing mines, but the most exciting project is the Ana Paula gold project, the economics of which look exceedingly strong given its high grades.

Heliostar’s production and development portfolio boasts 580 koz Au in mineral reserves, 3.5Moz Au in measured and indicated resources, and 1.0 Moz Au in inferred resources. Heliostar paid less than US$1.80 oz/Au per measured and indicated resource ounce all-in for the acquisition of those resources and reserves.
The Company plans to scale the portfolio and become a premier gold producer.
Its target range is >500,000 ounces by 2030.

Be sure to watch my interview with Charles Funk on my YouTube channel here to learn of the company’s current profitable operation as well as its longer term growth plans.

Best wishes,

Jay Taylor

You're currently a free subscriber to J Taylor's Gold Energy & Tech Stocks. For the full experience, upgrade your subscription.

Upgrade to paid

© 2025 Jay Taylor
Box 780555, Maspeth, N.Y. 11378
Unsubscribe