Heliostar Metals resumes gold production at San Diego mine with bold expansion plans
Heliostar Metals has restarted gold production at its San Diego mine, with the first pour completed by late 2025. The company now sets its sights on expanding output to 500,000 ounces annually by the end of the decade. Growth will rely on reinvesting cash flow from current operations rather than external funding.
The San Diego mine resumed production in January, meeting its restart schedule and budget. By December 18, 2025, the first gold pour was announced, with forecasts predicting a 60% rise in output. Drilling results due by mid-to-late this quarter will help determine the mine's extended lifespan and guide future planning.
At the La Colorada site, open-pit mining has also restarted this quarter. Preparations for a broader expansion are set to begin in the third quarter of 2026. Meanwhile, the Ana Paula project remains central to long-term strategy, with a feasibility study expected in early 2027 and underground production planned for late 2028.
The company intends to fund these developments using cash flow from existing mines. This approach reduces reliance on outside financing while supporting steady growth. First-quarter results will soon reveal the initial cash flow generated by San Diego's restart.
Heliostar's focus remains on scaling production through reinvestment and strategic projects. The Ana Paula mine and La Colorada expansion will play key roles in reaching the 500,000-ounce target. Drilling updates and quarterly reports will provide further clarity on progress in the coming months.
