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Tesoro Gold ( (AU:TSO) ) has provided an announcement.
Tesoro Gold Limited announced that the First Instance Court has dismissed the initial legal proceedings brought by its joint venture partner, Wanaco SpA, regarding alleged breaches related to a capital increase at the El Zorro project. This decision supports Tesoro’s governance processes, although Wanaco may still seek annulment or appeal. Additionally, Tesoro has increased its ownership in the El Zorro Gold Project to 95.4% through a significant capital contribution, enhancing its stake and influence in the project.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.11 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 a mining company that has discovered and defined the first Intrusive Related Gold System in Chile, specifically in the Coastal Cordillera region. This area is known for its world-class copper and gold mines, established infrastructure, and experienced mining workforce. Tesoro has secured rights to the El Zorro gold project, aligning with its strategy to explore the largely unexplored Coastal Cordillera due to the fragmented nature of mining concession ownership. Tesoro’s Chilean subsidiary owns 95.4% of the El Zorro Gold Project.
YTD Price Performance: 70.0%
Average Trading Volume: 3,728,782
Technical Sentiment Signal: Buy
Current Market Cap: A$68.5M
See more data about TSO stock on TipRanks’ Stock Analysis page.