Heliostar Presents Record Q1 2026 Financial and Operating Results

Q1 2026 Highlights: Produced a record 11,743 ounces of gold and 43,798 ounces of silver Cash cost of $1,602 per ounce of gold sold and all-in sustaining costs ("AISC") of $1,996 per ounce of gold sold, ahead of full year guidance range Average gold sale price of $4,850 per ounce Record mine operating earnings of $30.9 million; net income of $14.0 million; $4.6 million of exploration expenses and $4.8 million advancing Ana Paula $38.7 million in cash plus $10.0 million sales receivables, due to sales delayed at the beginning of the war in Iran to achieve a higher sale price $21.0 million increase in working capital quarter over quarter to a record $70.0 million and no debt First gold pour from the restart of mining at San Agustin in late January Vancouver, British Columbia--(Newsfile Corp. - May 12, 2026) - Heliostar Metals Ltd. (TSXV: HSTR) (OTCQX: HSTXF) (FSE: RGG1) ("Heliostar" or the "Company") reported unaudited financial results for the three months ended March 31, 2026 ("Q1").