Heliostar Metals Ltd. (formerly Redstar Gold Corp.) is a Canadian precious metals company focused on gold and silver exploration, development, and production across North America. Headquartered in Vancouver, British Columbia, the company has recently transitioned from a pure exploration entity into a cash-flowing gold producer. Heliostar's revenue is primarily generated from its two producing mines in Mexico: the La Colorada Mine in Sonora and the San Agustin Mine in Durango. In 2025, the company reported significant mine operating earnings, utilizing the cash flow from these operations to strategically fund its pipeline of development projects without relying heavily on equity dilution.
The company's flagship development asset is the high-grade Ana Paula Gold Project in Guerrero State, Mexico, which is advancing toward commercial production. Additionally, Heliostar holds the Cerro del Gallo project in Guanajuato, Mexico, and recently expanded its geographic footprint into the United States with the acquisition of the Goldstrike project in Utah. The company's business model centers on leveraging low-capital-expenditure production to self-fund organic growth. Competitively, Heliostar aims to establish itself as a premier mid-tier precious metals producer, targeting an ambitious goal of producing 500,000 ounces of gold annually by 2030.
