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Tesoro Gold ( (AU:TSO) ) just unveiled an update.
Tesoro Gold will move directly to a Definitive Feasibility Study for its 1.82 million ounce Ternera Gold Deposit at the El Zorro Gold Project in Chile, following extensive trade-off studies that defined an optimized single open pit and 3Mtpa processing configuration. The board believes a separate pre-feasibility stage would not materially improve project definition, framing the DFS as a more efficient use of capital and targeting completion and a final investment decision by the end of 2026.
Key DFS workstreams are already underway across metallurgy, geotechnical design, mining studies, and power and water infrastructure, with permitting activities well advanced and baseline studies half complete. Ongoing drilling, including a 38,000m diamond campaign and more than 50% complete infill work, is expected to deliver an updated mineral resource in the second quarter of 2026 to underpin the DFS mine plan and an initial ore reserve for Ternera.
The most recent analyst rating on (AU:TSO) stock is a Hold with a A$1.00 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 gold exploration and development company focused on advancing its El Zorro Gold Project in Chile. The company’s primary asset is the 1.82 million ounce Ternera Gold Deposit, where it is targeting a conventional single open pit mining operation supported by a 3 million tonne per annum processing plant.
Average Trading Volume: 369,717
Technical Sentiment Signal: Buy
Current Market Cap: A$180.5M
Learn more about TSO stock on TipRanks’ Stock Analysis page.