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Tesoro Gold ( (AU:TSO) ) has issued an update.
Tesoro Gold has reported an intensive quarter of exploration at its El Zorro Gold Project, with three fully funded diamond drilling programs under way totalling about 38,000 metres. Infill and extensional drilling at the Ternera deposit delivered encouraging high-grade and wide gold intercepts that support potential upgrades to the mineral resource estimate and underpin progressing pre-feasibility study workstreams, while maiden drilling at the nearby La Brea prospect and surface sampling along the Peña Blanca trend returned anomalous to high-grade gold, reinforcing the district’s potential for multiple deposits. On the corporate front, the company completed a A$34 million placement to fund El Zorro through to a financial investment decision, consolidated its share capital on a 15-for-1 basis, and ended the quarter with A$29.19 million in cash and no debt, positioning it to sustain aggressive exploration and project advancement into 2026.
The most recent analyst rating on (AU:TSO) stock is a Hold with a A$1.50 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
More about Tesoro Gold
Tesoro Gold Limited is an Australia-listed gold exploration and development company focused on advancing its flagship El Zorro Gold Project in Chile, centred on the Ternera gold deposit. The company’s activities are primarily directed toward resource growth, project de-risking through technical studies, and the discovery of additional large-scale gold deposits in the El Zorro district.
Average Trading Volume: 335,996
Technical Sentiment Signal: Buy
Current Market Cap: A$238.3M
For detailed information about TSO stock, go to TipRanks’ Stock Analysis page.