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Campbell’s fires executive accused of racist remarks and labeling food for ‘poor people’

Campbell’s has fired an executive accused of making racist comments and mocking its products and customers, the company announced on Wednesday.

The termination follows a lawsuit filed in Michigan by former employee Robert Garza against Campbell’s, the company’s then-vice president of information technology Martin Bally and another manager.

The complaint alleges retaliation and a hostile work environment, citing a November 2024 meeting between Bally and Garza to discuss salary, according to the lawsuit.

Garza allegedly recorded the conversation, and the audio — obtained by NBC News — is more than 90 minutes long.

During the interaction, the lawsuit alleges that Bally described Campbell’s as “highly process(ed) food” and said it was for “poor people.” He also allegedly made racist remarks about Indian workers, calling them “idiots.”

‘After a review, we believe the voice on the recording is in fact Martin Bally,’ Campbell’s said Wednesday. ‘The comments were vulgar, offensive and false, and we apologize for the hurt they have caused.’

The company said it does not tolerate the language used in the audio recording and the behavior “does not reflect” its values.

Campbell’s said it learned of the litigation and first heard segments of the audio on Nov. 20.

Bally’s termination was effective Tuesday, the company said.

According to the lawsuit, Garza told his manager, J.D. Aupperle — who is also named as a defendant, about Bally’s behavior in January 2025 and wanted to report the comments to the human resources department. He was not encouraged to report the comments, the lawsuit claims, and was then ‘abruptly terminated from employment’ later that month.

‘This situation has been very hard on Robert,’ Garza’s attorney, Zachary Runyan, said in a statement to NBC News on Tuesday. ‘He thought Campbell’s would be thankful that he reported Martin’s behavior, but instead he was abruptly fired.’

Garza is seeking monetary damages from the company.

Bally and Aupperle did not immediately return requests for comment on Wednesday.

Campbell’s said it is ‘proud of the food we make’ and ‘the comments heard on the recording about our food are not only inaccurate — they are patently absurd.’

This post appeared first on NBC NEWS

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Navy knocks off Memphis to get to nine wins: Highlights

Quarterback Blake Horvath and Alex Tecza led the Navy Midshipmen past the Memphis Tigers, 28-17, on Thanksgiving Day, clinching at least a tie for the American Conference’s regular-season title.

Navy scored a touchdown in each of the final two quarters to outduel the Tigers after each team scored 14 points in the second quarter.

Navy has now won back-to-back games since losing games to North Texas and Notre Dame in previous weeks.

Memphis still leads the all-time series against Navy, winning six of the 11 games between the two teams.

Memphis lost its last three games of the season, finishing the season at 8-4 overall and 4-4 in conference play. Navy improves to 9-2 overall and 7-1 in conference play with a game against Army still to play on Dec. 13.

Navy-Memphis highlights

Final: Navy 28, Memphis 17

Blake Horvath completed five of nine passes for 100 passing yards and a touchdown. He also contributed with 54 rushing yards and a touchdown on 15 carries.

Navy football scores vs. Memphis: Blake Horvath helps extend lead

Navy quarterback Blake Horvath rushed for a 2-yard touchdown to extend the Midshipmen’s lead over Memphis. Nathan Kirkwood’s extra point attempt was good. Navy leads Memphis 28-17 with 5:53 left in the fourth quarter.

Navy football scores vs. Memphis: Alex Tecza scores second touchdown

Alex Tecza gives Navy the lead with a 12-yard touchdown run. Tecza rushed the ball four times for 34 yards on the drive. Navy leads 21-17 with 1:01 left in the third quarter.

Halftime: Memphis 17, Navy 14

Memphis kicker Gianni Spetic’s 31-yard field goal attempt was no good during the final minute of the half.

Memphis quarterback Brendon Lewis completed 14 of his 20 passes in the first half for 134 yards and two touchdowns. He also rushed for 33 yards on four carries. Navy quarterback Blake Horvath completed four of his seven passes for 82 yards and a touchdown. Horvath also tied for a team-high 19 rushing yards on four carries.

Memphis football score vs. Navy: Cortez Braham Jr. makes impressive TD catch

Memphis quarterback Brendon Lewis completes a 38-yard pass to receiver Cortez Braham Jr., who made an impressive catch after the ball was initially touched first by the cornerback. Gianni Spetic’s extra point attempt was good. The touchdown puts a bow on an 8-play, 77-yard drive that took 3:24.

The Tigers lead the Midshipmen 17-14 with 1:43 left in the second quarter. It is the fourth lead change of the quarter.

Navy football score vs. Memphis: Alex Tecza scores for Midshipmen

Running back Alex Tecza scored on a 2-yard touchdown run to cap off a 6-play, 72-yard drive that took 2:10 off the clock. Kicker Nathan Kirkwood’s extra point attempt was good. Navy leads Memphis 14-10 with 5:13 left in the second quarter.

Memphis football score vs. Navy: Tigers move back in front in second quarter

Quarterback Brendon Lewis completed a pass to tight end Matt Adcock for a 1-yard touchdown. Gianni Spetic’s extra point attempt was good. It was a 10-play, 75-yard drive that took 4:37 off the clock. Memphis leads Navy, 10-7, with 7:28 left before halftime.

Navy football score vs. Memphis: Midshipmen take first lead of game

Quarterback Blake Horvath completed a pass to receiver Kendall Evans for a 3-yard touchdown. The score ends a 7-play, 57-yard drive that took 3:20 off the clock. The extra point was good.

Navy leads Memphis 7-3 with 12:11 left in the second quarter.

End of 1Q: Memphis 3, Navy 0

The Tigers held on to the early lead throughout the first quarter, but the Midshipmen were driving down the field looking for a chance to score.

Memphis football score vs. Navy: Tigers take early lead

The Tigers finished an 11-play, 46-yard drive with a 31-yard field goal from Gianni Spetic. Memphis takes the early 3-0 lead with 5:35 left in the opening quarter.

Navy and Memphis football punt on opening drives

Both the Midshipmen and the Tigers were forced to punt the ball on their first offensive possessions. Defense is winning the early battle on both sides.

What time does Navy vs. Memphis start?  

  • Date: Thursday, Nov. 27
  • Time: 7:30 p.m. ET   
  • Where: Simmons Bank Liberty Stadium (Memphis, Tennessee)

What TV channel is Navy vs. Memphis on today?

  • TV: ESPN
  • Streaming: ESPN app | Fubo (free trial)

Navy will take on Memphis on ESPN, with Matt Barrie, Tom Luginbill and Harry Lyles Jr. on the call. Streaming options include the ESPN app (with a cable login) and Fubo, the latter of which carries the ESPN family of networks and offers a free trial.

Memphis’ Travis Burke out with an injury vs. Navy

Memphis right tackle Travis Burke will miss tonight’s game against Navy, according to Jonah Dylan of the Commercial Appeal. He started all 11 games for the Tigers this season but suffered an injury in the loss to Eastern Carolina.

Navy football coach Brian Newberry talks pregame vs. Memphis

Navy vs Memphis predictions, picks, odds

Odds courtesy of BetMGM as of Tuesday, Nov. 25

  • Spread: Memphis (-5.5)
  • Over/under: 58.5
  • Moneyline: Memphis (-210) | Navy (+170)

Prediction (Jonah Dylan, Commercial Appeal): Navy 31, Memphis 28

Who is starting for Navy and Memphis at the QB position?

Quarterback Blake Horvath leads the way for Navy, with the veteran quarterback throwing for 1,290 yards and eight touchdowns while running for a team-high 986 yards and 13 rushing touchdowns. Memphis counterpart Brendon Lewis has thrown for nearly 2,400 yards and 13 touchdowns, ranking eighth among American Conference quarterbacks. — John Leuzzi

Navy schedule and results 2025

Here is Navy’s schedule and results.

  • Week 1 (Aug 30): vs VMI — W 52-7
  • Week 2 (Sep 6): vs UAB — W 38-24
  • Week 3 (Sep 13): @ Tulsa — W 42-23
  • Week 4: BYE
  • Week 5 (Sep 27): vs Rice — W 21-13
  • Week 6 (Oct 4): vs Air Force — W 34-31
  • Week 7 (Oct 11): @ Temple — W 32-31
  • Week 8: BYE
  • Week 9 (Oct 25): vs Florida Atlantic — W 42-32
  • Week 10 (Nov 1): @ North Texas — L 17-31
  • Week 11 (Nov 8): @ Notre Dame — L 10-49
  • Week 12 (Nov 15): vs South Florida — W 41-38
  • Upcoming Games
  • Week 14 (Nov 27): @ Memphis — 7:30 PM ET
  • Week 16 (Dec 13): vs Army — 3:00 p.m.ET

Memphis schedule 2025

Here is Memphis’ schedule and results:

  • Week 1 (Aug 30): vs Chattanooga — W 45-10
  • Week 2 (Sep 6): @ Georgia State — W 38-16
  • Week 3 (Sep 13): @ Troy — W 28-7
  • Week 4 (Sep 20): vs Arkansas — W 32-31
  • Week 5 (Sep 27): @ Florida Atlantic — W 55-26
  • Week 6 (Oct 4): vs Tulsa — W 45-7
  • Week 7: BYE
  • Week 8 (Oct 18): @ UAB — L 24-31
  • Week 9 (Oct 25): vs South Florida — W 34-31
  • Week 10 (Oct 31): @ Rice — W 38-14
  • Week 11 (Nov 7): vs Tulane — L 32-38
  • Week 12 (Nov 15): @ East Carolina — L 27-31
  • Upcoming Games
  • Week 14 (Nov 27): vs Navy — 7:30 p.m. ET
This post appeared first on USA TODAY

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Two figure skaters from Russia given OK to compete in Milano Cortina

There will be two Russian athletes at the Milano Cortina Olympics.

The International Olympic Committee said Thursday that three independent neutral athletes, all figure skaters, are eligible to compete at the Winter Olympics in February. Adeliia Petrosiant and Petr Gumennik are Russian and the third, Viktoriya Safonova, is from Belarus.

The three will be identified at the Games as ‘AIN,’ which is the French translation for Independent Neutral Athlete, and will not be allowed to wear their country’s colors or have their flag.

The IOC’s announcement comes two months after IOC President Kirsty Coventry said some Russian and Belarussian athletes would be allowed to participate in Milano Cortina, just as they were at the Summer Games in Paris last year. Russia and Belarus have been banned by the IOC since Russia’s unprovoked invasion of Ukraine in 2022, but the individual sports are allowed to decide for themselves whether athletes from the two countries can compete as neutral individuals.

Many of the winter sport federations have maintained their bans of Russian and Belarussian athletes. Figure skating is one that has allowed neutral athletes to compete, saying Russia and Belarus could send one athlete in each discipline to Milano Cortina if they qualified.

Petrosiant and Gumennik earned their spots by winning the final Olympic qualifier, held in September in Beijing. Safonova was fourth at the same event. The three then had to be approved by the Individual Neutral Athlete Eligibility Review Panel, which verified there was no record of them supporting the invasion of Ukraine or the Russian Army and that they were in compliance with all anti-doping requirements.

Petrosiant’s presence in Milano Cortina is sure to raise some eyebrows because she is coached by Eteri Tutberidze. Tutberidze also coached Kamila Valieva, who was at the center of a doping scandal at the Beijing Olympics.

This post appeared first on USA TODAY

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Post Malone pays tribute to Marshawn Kneeland during halftime show

This article discusses suicide and suicidal ideation. If you or someone you know is struggling or in crisis, help is available. Call or text 988 or chat at 988lifeline.org.

Post Malone ended his halftime performance during the Dallas Cowboys vs. Kansas City Chiefs Thanksgiving game by paying tribute to the late Marshawn Kneeland.

‘We love you, 94,’ the artist said near the end of his halftime set, referencing the jersey Kneeland wore during his two seasons with the Cowboys. ‘We love you.’

Post Malone also wore a pin displaying the No. 94 on his outfit for his performance.

Kneeland, who was a 24-year-old defensive end for the Cowboys, died by suicide sometime overnight Nov. 5-6, according to the police.

The 24-year-old’s body was found in a portable bathroom on the morning of Nov. 6.

The Cowboys are paying homage to Kneeland for the rest of the season by wearing a No. 94 decal on their helmets for the remainder of the season. Dallas also wore shirts featuring Kneeland’s face before their Week 11 and 12 games against the Las Vegas Raiders and Philadelphia Eagles, and held moments of silence for him before each contest.

This post appeared first on USA TODAY

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Missouri’s Eli Drinkwitz latest coach to get raise, extension to stay put

The secret to getting a contract extension and raise in college football?

Have your name linked to the Penn State opening.

First it was Indiana’s Pennsylvania-raised Curt Cignetti getting a new deal. Then it was Nebraska’s Penn State alum Matt Rhule striking a new pact to stay in Lincoln.

On Thanksgiving, Missouri’s Eli Drinkwitz was the latest coach linked to the Nittany Lions job to get a new contract to stay put. On Thursday, the Tigers coach posted on X, ‘My family and I are thankful to be ⁦Mizzou. The support from our President, the Board of Curators, AD, boosters and fans is special! Why Stop Now!!!’

Drinkwitz’s new contract runs through 2031 on a $10.75 million average annual deal, per Calum McAndrew of the Columbia Daily Tribune, part of USA TODAY Co.

It’s Drinkwitz’s fourth contract extension since taking over the program and the second time he has put pen to paper on a new deal this year.

The 2023 SEC Coach of the Year, Drinkwitz is in his sixth season at Missouri after one year at Appalachian State. At Mizzou, Drinkwitz has a 45-28 record and will lead the Tigers to a fifth straight bowl game this season.

Missouri is 7-4 this season and reached as high as No. 14 in the polls this year before injury to starting QB Beau Pribula and the rigors of SEC play took its toll.

‘My family and I believe deeply in the vision and leadership from our administration and are incredibly happy to continue calling Columbia our home,’ Drinkwitz said in a release. ‘I’m grateful for the unwavering support of President Mun Choi, the Board of Curators, led by Chair Todd Graves and incoming Vice Chair Bob Blitz, along with our athletics director Laird Veatch. We’re also incredibly thankful for the support of our generous donors and NIL partners. I’m committed to continuing our work to build Mizzou into a championship program.’

Missouri finishes the regular season 3:30 p.m., Saturday at Arkansas.

Meanwhile, Penn State players are openly campaigning for interim coach Terry Smith to get the job full-time, and Penn State’s fired coach James Franklin has already landed on his feet at Virginia Tech.

This post appeared first on USA TODAY

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Two-time major champion golfer Fuzzy Zoeller dies at 74

Fuzzy Zoeller, a 10-time PGA Tour winner and one of the most colorful golfers in tour history, has died, the PGA Tour announced Thursday, Nov. 27.

Zoeller was 74. No cause of death was disclosed.

Though he blended his golf skill with humor, his racist joke about Tiger Woods created a firestorm.

The controversy took place as Woods was on his way to win the 1997 Masters when Zoeller referred to Woods as ‘that little boy’ and urged Woods not to request fried chicken or collard greens for the Champions Dinner before next year’s Masters at Augusta. Zoeller apologized but the comments haunted him for years.

‘The PGA Tour is saddened by the passing of Fuzzy Zoeller,’ Jay Monahan, commissioner of the PGA Tour, said in a statement posted on X. ‘Fuzzy was a true original whose talent and charisma left an indelible mark on the game of golf. Fuzzy combined competitive excellence with a sense of humor that endeared him to fans and fellow players alike. We celebrate his remarkable legacy and extend our deepest condolences to his family.’

Zoeller attracted galleries as much for his humor as his golf exploits, which were significant in their own right. He won The Masters in 1979 and the U.S. Open in 1984. He also won twice on the PGA Tour Champions.

Racist ‘Fried chicken’ joke haunted Zoeller

Zoeller already had finished his final round at The Masters in 1997 when Woods, then 21, was storming his way to victory and his first green jacket.

“That little boy is driving well and he’s putting well,’’ Zoeller told CNN when asked for his thoughts about Woods, according to the Associated Press. “He’s doing everything it takes to win. So, you know what you guys do when he gets in here? You pat him on the back and say congratulations and enjoy it and tell him not serve fried chicken next year. Got it?’

As he walked away, according to the Associated Press, Zoeller turned back and said, “Or collard greens or whatever the hell they serve.”

Zoeller apologized a day later but initially denied he called Woods “a little boy.’’

‘I am a fun-loving person,’’ he said.  “I make joke, cut jokes all the time. My apologies if somebody interpreted that into a racial remark.’’

But Zoeller faced continued backlash and issued more apologies.

“I’ve cried many times,’’ Zoeller wrote for Golf Digest in 2008. “I’ve apologized countless times for words said in jest that just aren’t a reflection of who I am. I have hundreds of friends, including people of color, who will attest to that. Still, I’ve come to terms with the fact that this incident will never, ever go away.”

This post appeared first on USA TODAY

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Tenements Granted at Two Pools Gold Project, WA – Drilling Preparations Underway

Corazon Mining Ltd (ASX:CZN) (‘Corazon’ or ‘Company’) is pleased to announce the granting of two key tenements at its Two Pools Gold Project (‘Two Pools’ or the ‘Project’) in the Gascoyne region of Western Australia (Figure 1).

Highlights

  • Two core tenements at the Two Pools Gold Project have been successfully granted by the West Australian Department of Energy, Mines, Industry Regulation and Safety (DEMIRS).
  • Granting allows Corazon to expedite works to enable diamond drilling to commence in early 2026, pending completion of heritage surveys, and discussion with drilling contractors have commenced.
  • The initial program is designed to confirm high-grade historical results and provide essential structural controls on mineralisation.
  • Planning for follow-up Reverse Circulation (RC) drilling at Two Pools is also underway as part of the Company’s systematic exploration campaign.
  • The granting marks another key milestone in the Company’s positive operational reset over the past three months.

The granting of Exploration Licences E52/4460 and E52/4468, which were vended into the Company as part of the Two Pools acquisition – represents a significant regulatory milestone. With tenure now secured, Corazon is moving immediately to finalise preparations for its maiden drill program.

Corazon Mining Ltd Managing Director, Simon Coyle, commented: “The granting of these tenements is an important green light, allowing us to get boots on the ground at Two Pools. We are now moving quickly to secure a rig and finalise logistics to ensure we are drilling early in the new year. Our maiden diamond program is designed to give us a definitive look at the geology and structure of the high-grade zones, setting the stage for a systematic and aggressive exploration campaign throughout 202c.

The reset of the Company over the last three months has been extremely positive and productive. With the team now fully operational and our key tenure granted, we look forward to the exceptional development of both Two Pools and Feather Cap Gold Projects in 202c.”

Click here for the full ASX Release

This post appeared first on investingnews.com

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Completion of the Acquisition of the Webbs Consol Silver Project

Rapid Critical Metals Limited (‘Rapid,’ ‘RCM’ or ‘Company’) is pleased to announce that it has completed the acquisition of the Webbs Consol Silver Project (Webbs Consol) in northeast New South Wales, comprising EL 8933 and EL 9454 from Lode Resources Limited (ASX: LDR) (Lode Resources).

The Board sees the acquisition of the Webbs Consol as a highly accretive strategic investment for Rapid which:

  • Builds critical mass to the Company’s existing Webbs and Conrad high grade deposits;
  • Secures a district-scale silver corridor by consolidating contiguous tenure across a high- grade silver belt in the New England Fold Belt;
  • Unlocks new discovery potential with adjoining tenure, increasing the likelihood of new discoveries between the two high grade silver deposits;
  • Consolidates ownership of three nearby, high-grade deposits supporting unified mine planning, centralised processing options, and potential operating synergies; and
  • Positions Rapid for growth with proximity to existing infrastructure and strong silver market fundamentals, providing a favourable backdrop for accelerated development.

Commenting on the completion of the Webbs Consol acquisition, Byron Miles, Managing Director of Rapid, said:

“The completion of the acquisition of the Webbs Consol builds on the Board’s strategy of becoming one of the ASX’s leading silver-focused growth Companies with a platform in New South Wales with significant potential for further growth.

We have now secured a contiguous silver corridor with outstanding geological prospectivity and opened up exciting potential for new discoveries in the area.

With a prospective portfolio of assets and a team focused on execution and delivery, we are well placed to accelerate exploration and development activities to create long-term value for our shareholders.”


Click here for the full ASX Release

This post appeared first on investingnews.com

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Nevada Sunrise Metals: Advancing High-potential Gold & Critical Metals Projects in Nevada

Nevada Sunrise Metals (TSXV:NEV,OTCP:NVSGF) is a Nevada-focused exploration company with a portfolio spanning gold, copper and lithium projects. Nevada ranked as the world’s second most attractive exploration jurisdiction in 2024, providing a strong foundation for the company’s growth strategy.

The Griffon Gold Mine project, a past-producing gold asset located within the prolific Battle Mountain–Eureka Trend. Griffon hosts Carlin-type mineralization, produced 62,661 ounces of oxide gold from 1998 to 1999, and benefits from extensive historical drilling, favorable host stratigraphy and new target zones identified by VRIFY’s DORA A.I. predictive modeling. Ongoing geophysics and geochemical programs in 2025 will refine drill targets ahead of a drilling program planned for 2026.

Discovery Ridge Pit, Griffon Gold Mine Project, White Pine County, Nevada

Nevada Sunrise integrates historical data with advanced geophysics, modern geochemical methods, and AI-driven exploration tools. This technology-enhanced approach, combined with experienced leadership and a strong technical team, is central to the Company’s strategy for building shareholder value.

Company Highlights

  • Flagship past-producing gold project in a Tier-1 jurisdiction: The Griffon Gold Mine project lies within Nevada’s prolific Battle Mountain–Eureka Trend, near producing mines and major gold developers.
  • AI-powered exploration strategy: Nevada Sunrise is using VRIFY’s predictive modeling to identify high-priority drill targets, an emerging technology rarely applied in Nevada.
  • Clear path to 2026 drilling: Soil, magnetic, IP/resistivity and CSAMT surveys in fall 2025 will feed into an updated AI model, enabling optimized drill targeting planned for 2026.
  • Highly experienced management and geological team: Leadership includes executives and advisors with decades of exploration success across Nevada and globally.
  • Diversified asset portfolio: Gold, copper and lithium assets create optionality across multiple mineral markets.
  • Flagship past-producing gold project in a Tier-1 jurisdiction: The Griffon Gold Mine project lies within Nevada’s prolific Battle Mountain–Eureka Trend, near producing mines and major gold developers.
  • AI-powered exploration strategy: Nevada Sunrise is using VRIFY’s predictive modeling to identify high-priority drill targets, an emerging technology rarely applied in Nevada.
  • Clear path to 2026 drilling: Soil, magnetic, IP/resistivity and CSAMT surveys in fall 2025 will feed into an updated AI model, enabling optimized drill targeting planned for 2026.
  • Highly experienced management and geological team: Leadership includes executives and advisors with decades of exploration success across Nevada and globally.
  • Diversified asset portfolio: Gold, copper and lithium assets create optionality across multiple mineral markets.

This Nevada Sunrise Metals profile is part of a paid investor education campaign.*

Click here to connect with Nevada Sunrise Metals (TSXV:NEV) to receive an Investor Presentation

This post appeared first on investingnews.com

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Heliostar Metals

Investor Insight

Heliostar offers a rare combination of immediate cash flow from two producing mines and a significant growth story driven by the high-grade Ana Paula development project. This blend of near-term production, strong margins and a robust pipeline positions the company as a compelling emerging mid-tier gold producer.

Overview

Heliostar Metals (TSXV:HSTR,OTCQX:HSTXF,FRA:RGG1) is an emerging mid-tier gold producer focused on unlocking high-grade gold production in Mexico’s premier mining regions.

The company rapidly expanded its asset base by acquiring a diverse portfolio of producing and development-stage assets. This positions it for long-term, scalable production growth supported by both high-grade underground and large open-pit heap-leach operations.

Heliostar now holds two producing mines – La Colorada and San Agustin, with combined production of 30,000 to 40,000 oz of gold – and is advancing the development of its flagship Ana Paula project. Two additional development assets in Mexico, Cerro del Gallo and San Antonio, in addition to exploration projects in North Sonora and Unga in Alaska complete Heliostar’s portfolio. This diversified platform enables the company to fund development through operating cash flow while continuing to expand its resource base.

Heliostar prioritizes capital discipline and low-cost acquisitions, significantly expanding its asset base while maintaining a lean financial structure. With a growing operating cash flow, the company is reducing reliance on equity financing for development.

The company is positioned for strong year-over-year production growth as San Agustin restarts in Q4 2025, La Colorada executes its updated 2025 mine plan, and Ana Paula advances toward construction and expected first production in 2028, following a positive underground PEA in November 2025 and an ongoing feasibility study. These milestones support the company’s strategy of building a multi-asset production base with increasing scale and margins.

Looking ahead, the company has a long-term vision of achieving 500,000 ounces of gold production annually by 2030. This growth will be driven by the development of Ana Paula, followed by Cerro del Gallo and San Antonio, with continued exploration success and strategic acquisitions supplementing organic growth.

Company Highlights

  • Heliostar Metals is rapidly advancing from a junior explorer to a mid-tier gold producer, targeting 150,000 oz per year in the near term and 500,000 oz annually by 2030.
  • Heliostar has rapidly expanded its portfolio with key acquisitions, now controlling two producing mines and three advanced-stage growth assets in Mexico. Added 3.5 million measured and indicated gold ounces for just US$15 million, reinforcing a capital-efficient growth model.
  • The company prioritizes capital discipline and low-cost acquisitions to expand its asset base and maintain a lean financial structure. Unlike many juniors that rely on dilution to grow, Heliostar leverages gold production cash flows to drive project development.
  • Annual gold production at La Colorada and San Agustin mines as of 2025 is between 30,000 to 40,000 oz, with mine operations earning $14.2 million in Q3 2025. Cash flow from these two mines funds Heliostar’s exploration and development without significant dilution.
  • CEO Charles Funk leads a seasoned team of mine builders and exploration experts with a track record of developing world-class deposits.
  • The company also features a favorable shareholder registry: 53 percent institutional investors, 42 percent high-net-worth and retail investors, and 5 percent held by the board and management.

Key Projects

Ana Paula (Flagship Development Project)

Ana Paula is Heliostar’s flagship high-grade underground gold project located in the Guerrero Gold Belt, one of Mexico’s most prolific precious metals regions.

The November 2025 underground PEA confirms Ana Paula as a low-cost, high-margin development opportunity with a nine-year mine life producing approximately 875,000 ounces of gold, averaging roughly 101,000 ounces per year after ramp-up. The project benefits from a wide, high-grade panel that continues to demonstrate strong continuity and exceptional grades, supported by a mineral resource of 710,920 ounces of measured and indicated gold at 6.6 grams per ton (g/t) and 447,500 ounces of inferred gold at 4.24 g/t.

Heliostar has transitioned the project to an underground-only development plan to enhance economics, minimize surface disturbance and reduce capital intensity. The company is advancing engineering and permitting programs, including a permit amendment to convert the existing open-pit approval into an underground operation. A recently expanded 20,000-metre drill program is underway to upgrade inferred resources, expand the mineral envelope and support the ongoing feasibility study. Recent results included 83.2m grading 17.35 g/t gold from 76.0 m and 70.7 m grading 9.38 g/t gold from 49.65 m.

Heliostar intends to advance the existing decline in 2026 to access underground drilling platforms and complete bulk sampling, enabling a construction decision shortly thereafter and positioning the project for first production in 2028. Ana Paula is expected to become the cornerstone asset underpinning Heliostar’s long-term production growth.

La Colorada Mine

La Colorada, located in Sonora, Mexico, is a fully operating open-pit heap-leach mine that underwent a major turnaround in early 2025. Mining was restarted in January 2025, and an updated October 2025 technical report outlines a significantly strengthened operation with a 6.1-year mine life and total production of 286,000 ounces of gold. The mine is expected to produce between 17,500 and 23,800 gold-equivalent ounces in 2025 at competitive cash costs and all-in sustaining costs, benefiting from strong gold prices and improved operational performance.

La Colorada has meaningful opportunities for growth through drilling of the Veta Madre Plus area, which could add up to 28,000 ounces of additional near-surface resource, and the evaluation of the underground potential at El Creston, where deeper drilling has returned high-grade gold and silver intercepts. Further optimization of low-grade stockpiles also offers a route to additional production with minimal capital requirements. With its expanded reserves, improving margins and active exploration pipeline, La Colorada remains a key cash-flow generator and a vital contributor to Heliostar’s self-funded growth strategy.

San Agustin Mine

San Agustin is a heap-leach gold mine in Durango, Mexico, that produced approximately 14,700 ounces of gold in 2024 and continues to generate cash flow through stockpile processing in 2025. The mine is scheduled to restart active mining in the fourth quarter of 2025 following approval of the Corner Permit Area, with the restart plan outlining roughly 44,500 ounces of total gold production over a 1.2-year mine life. The restart requires just US$4.2 million in initial capital, funded entirely from Heliostar’s balance sheet, and delivers strong economics with significant leverage to higher gold prices. Beyond the restart, San Agustin provides meaningful growth potential through near-surface oxide expansion and deeper sulfide and breccia targets, where drilling has identified encouraging mineralization.

Cerro del Gallo Project

Cerro del Gallo is a large-scale, gold-silver development project in the Guanajuato district with 2.86 Moz of measured and indicated gold resources and an additional 1 Moz inferred. The project is advancing through permitting and a pre-feasibility study expected in Q4 2025, which is evaluating a long-life heap-leach operation targeting 80,000 to 100,000 ounces of annual gold production. With its scale, simple metallurgy and strong development profile, Cerro del Gallo represents a cornerstone growth asset supporting Heliostar’s strategy to expand production later this decade

San Antonio Project

San Antonio is an open-pit heap-leach development project in Baja California Sur hosting 1.74 million ounces of measured and indicated gold resources. A January 2025 PEA outlines robust economics, including 1.1 Moz of total production over 13 years, low AISC and an after-tax NPV5 of US$715 million at US$2,600 gold. The project is progressing through additional studies and environmental permitting and provides significant medium-term growth potential within Heliostar’s pipeline.

Unga Project

The Unga project in Alaska is a high-grade gold exploration asset, with an inferred resource of 384,000 oz gold (13.8 g/t). While not a primary focus, the project remains a long-term high-grade growth opportunity.

Management Team

Charles Funk – President & CEO

Charles Funk brings over 18 years of experience in business development and exploration. Before joining Heliostar, he held senior roles at Newcrest Mining and OZ Minerals, two of the world’s most prominent mining companies. Funk led the Panuco discovery for Vizsla Silver in 2020, demonstrating his strong expertise in identifying and advancing high-potential gold and silver deposits. Under his leadership, Heliostar has pursued transformational acquisitions that have rapidly expanded the company’s asset base while maintaining capital efficiency.

Gregg Bush – Chief Operating Officer

A highly regarded mine builder, Gregg Bush has a strong track record in mine development, project integration, and operations management. He previously served as COO of Capstone Mining for nine years and as SVP of Mexico for Equinox Gold. With deep experience in Latin American mining operations, Bush plays a pivotal role in advancing Heliostar’s production assets, optimizing operations and ensuring efficient project execution.

Sam Anderson – VP Projects

Sam Anderson brings 20 years of experience in mine geology and project management, including 17 years at Newmont, where he served as mine geology superintendent and senior manager of exploration business development. He played a significant role in the development of Newmont’s Merian Mine in Suriname, from resource stage to steady-state operation. His expertise in mineral resource expansion and project evaluation is crucial to advancing Ana Paula and Cerro del Gallo toward production.

Mike Gingles – VP of Corporate Development

With over 35 years of corporate and entrepreneurial experience in the mining industry, Mike Gingles has been a key player in major mining deals. He led the Pueblo Viejo and Turquoise Ridge transactions for Placer Dome, two of the largest gold assets in North America. His expertise in strategic partnerships, corporate finance, and project acquisitions has positioned Heliostar for transformational growth.

Hernan Dorado – VP Sustainability & Special Projects

As a fifth-generation miner, Hernan Dorado has more than 20 years of experience in the mining sector, including a founding role at Guanajuato Silver, where he served as COO. He has extensive experience in Mexican mining operations, permitting and sustainability practices, ensuring that Heliostar’s projects meet the highest environmental and social responsibility standards.

Vitalina Lyssoun – Chief Financial Officer

Vitalina Lyssoun is a chartered professional accountant (CPA, CA) with over 16 years of financial expertise with a focus on the resource sector. She has strengths in Canadian and US public company reporting, regulatory and tax compliance, and internal controls. She is fluent in Spanish and has experience in operations based in Mexico, Central America and West Africa. Most recently, Lyssoun built and led the corporate accounting team at Gatos Silver, including through their recent merger with First Majestic Silver.

Stephen Soock – VP Investor Relations & Development

Stephen Soock has been in the mining industry for almost 20 years in both technical and capital markets roles. He has worked in various technical roles at mine sites across Canada, including Vale’s Thompson Nickel operation, Mosaic’s Belle Plaine solution potash mine and Rio Tinto’s Diavik Diamond mine complex. Prior to joining Heliostar, Stephen spent eight years as a sell-side research analyst covering growth and development companies in the junior precious metals space. He graduated from Queen’s University with a B.Sc. in Mining Engineering, is a CFA Charterholder, and a Brendan Woods ranked analyst.

This post appeared first on investingnews.com

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