Tesoro Gold Boosts Cash Reserves to A$29.2m After Heavy Exploration Spend and Equity Raising

The latest announcement is out from Tesoro Gold ( (AU:TSO) ).

Tesoro Gold Limited reported its quarterly cash flow for the period ended 31 December 2025, showing a net operating cash outflow of A$0.9 million and a significant investing outflow of A$5.9 million, largely driven by A$5.8 million spent on exploration and evaluation activities. Over the 12-month period, the company invested A$14.5 million in exploration while recording total operating outflows of A$2.8 million and improved its cash position to A$29.2 million at quarter-end, supported by A$34.0 million in equity raised during the quarter (A$45.1 million year-to-date) despite associated capital-raising costs. The results underscore Tesoro’s strategy of aggressively funding its exploration programs through equity markets, leaving it well-capitalised to continue its exploration plans but highlighting its ongoing reliance on external financing in the absence of operating revenue.

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 Australian-listed mining exploration company focused on gold exploration and evaluation activities. As a mining exploration entity, it does not yet generate receipts from customers and is primarily engaged in advancing its exploration projects and associated development groundwork, funded largely through equity capital raisings.

Average Trading Volume: 335,996

Technical Sentiment Signal: Buy

Current Market Cap: A$238.3M

For an in-depth examination of TSO stock, go to TipRanks’ Overview page.