Star Royalties Ltd. Accelerates Copperstone Restart and Highlights Robust Economics

Star Royalties Ltd. (TSXV: STRR, OTCQX: STRFF) released a concentrated update on November 7, 2025, signalling a decisive push to restart its flagship Copperstone Gold Mine. The announcement, sourced from StockWatch, TheNewswire, and The New Wire, underscores a strategic milestone: the company is poised to resume production after a comprehensive technical review by Minera Alamos Inc.

Restart Momentum

Minera Alamos is preparing an updated technical study that will underpin Copperstone’s restart. The study follows the anticipated approval of final amendments to the Mine Plan of Operations (MPO), which Minera Alamos expects to receive before the end of 2025. This timely approval is pivotal, as it will unlock the mine’s full production potential and secure a steady stream of royalties for Star Royalties.

Economic Upside

The preliminary economic assessment (PEA) presented in the release is striking. Assuming a gold price of $3,000/oz, Copperstone is projected to deliver:

  • After‑tax net cash flow: over $297 million
  • After‑tax Net Present Value (NPV 5%): $227 million
  • After‑tax Internal Rate of Return (IRR): 171%

These figures place Copperstone among the most economically attractive gold projects globally, reinforcing Star Royalties’ narrative of generating robust, sustainable cash flow for shareholders.

Strategic Implications

Star Royalties’ focus on precious‑metal royalties and streams is being vindicated through the Copperstone restart. The company’s ability to secure a high‑return asset in a leading gold mine enhances its portfolio quality and strengthens its market position in the materials sector. With a market cap of approximately 24.8 million CAD and a current price of 0.325 CAD, the firm remains a high‑growth, high‑risk play—an attribute that investors should weigh against the compelling upside outlined in the Copperstone update.

Bottom Line

The company’s announcement marks a critical juncture. If the MPO amendments are approved as projected, Copperstone could become a flagship driver of revenue, delivering exceptional returns that justify the firm’s valuation. Star Royalties’ continued emphasis on high‑quality royalties, coupled with the strong economics of its flagship asset, positions it for a potential breakout in a market that remains cautious but reward‑oriented.