Tesoro Gold ( (AU:TSO) ) has issued an announcement.
Tesoro Gold Limited has successfully secured approximately A$11.1 million through an institutional placement to advance its El Zorro Gold Project. The funds will be used for new discovery drilling, completing a new Mineral Resource Estimate, and updating the scoping study, as well as fully funding the permitting process. The placement saw strong demand from both domestic and global institutions, with significant investment from strategic partner Gold Fields Limited. This financial boost will enable Tesoro to aggressively pursue its exploration and development goals over the next year, strengthening its position in the gold mining industry.
More about Tesoro Gold
Tesoro Gold Limited is a company in the mining industry, focusing on gold exploration and development. Its primary project is the El Zorro Gold Project, which is aimed at expanding its mineral resource base and advancing towards development. The company is supported by strategic partners and investors, including Gold Fields Limited, and is focused on district-scale exploration and drilling activities.
YTD Price Performance: 220.0%
Average Trading Volume: 10,000
Current Market Cap: $27.61M
Learn more about TSO stock on TipRanks’ Stock Analysis page.