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Tesoro Gold
(Sydney:TSO)
Tesoro Gold (TSO) vs. iShares MSCI Australia ETF (EWA)
Tesoro Gold Business Overview & Revenue Model
Tesoro Gold Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.84K | 165.15K | 0.00 | 36.87K | 826.00 | 2.32K |
| Gross Profit | 21.79K | 165.15K | -62.29K | -31.30K | -61.62K | -42.30K |
| EBITDA | -2.29M | -1.91M | -222.75K | -2.79M | -5.26M | -5.52M |
| Net Income | -3.09M | -1.86M | -340.64K | -3.15M | -5.06M | -5.35M |
Balance Sheet | ||||||
| Total Assets | 56.02M | 47.43M | 37.68M | 42.31M | 31.11M | 29.86M |
| Cash, Cash Equivalents and Short-Term Investments | 7.45M | 3.89M | 302.01K | 2.82M | 3.95M | 13.73M |
| Total Debt | 240.55K | 261.89K | 32.80K | 86.14K | 108.94K | 111.35K |
| Total Liabilities | 682.39K | 1.13M | 694.84K | 1.26M | 987.24K | 1.87M |
| Stockholders Equity | 53.31M | 44.24M | 35.14M | 38.92M | 28.27M | 25.85M |
Cash Flow | ||||||
| Free Cash Flow | -4.19M | -11.20M | -5.28M | -9.86M | -19.32M | -13.55M |
| Operating Cash Flow | -1.56M | -1.35M | 29.44K | -1.58M | -2.15M | -1.15M |
| Investing Cash Flow | -4.86M | -9.85M | -5.31M | -8.28M | -17.17M | -12.40M |
| Financing Cash Flow | 16.82M | 18.17M | 2.73M | 8.52M | 9.87M | 21.39M |
Tesoro Gold Technical Analysis
Tesoro Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | $214.31M | -42.28 | -6.79% | ― | ― | 19.94% | |
56 Neutral | AU$71.36M | -61.63 | -3.30% | ― | ― | 6.52% | |
50 Neutral | AU$168.33M | -70.00 | -5.37% | ― | ― | ― | |
47 Neutral | AU$35.96M | -9.72 | -13.66% | ― | ― | 50.00% | |
46 Neutral | AU$30.79M | -6.19 | -7.34% | ― | ― | ― | |
42 Neutral | AU$157.47M | -38.10 | -9.15% | ― | ― | -12.00% |
Tesoro Gold Corporate Events
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.
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.
Tesoro Gold has introduced a share sale facility for holders of unmarketable parcels—shareholdings worth less than A$500—to allow small shareholders to sell their stakes without paying brokerage or handling fees. Based on the 16 January 2026 record date, the facility covers parcels of 406 shares or fewer, representing 108,412 shares held by 620 investors, and is designed to simplify divestment for small holders while reducing the company’s administrative costs from maintaining numerous minor shareholdings; shares will be sold via Morgans Corporate Limited at a uniform price no lower than the 10-day average, unless shareholders opt to retain their holdings by returning a form by 4 March 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.
Tesoro Gold has announced a change in the indirect holdings of director Zeffron Charles Reeves, who holds his interest as trustee and beneficiary of the Palin Trust. As of 31 December 2025, Reeves, via the Palin Trust, has been issued additional performance rights across three new classes (N, O and P) with no cash consideration, reflecting an equity-based incentive arrangement valued at an estimated fair value of $0.065 per right (pre-consolidation) as previously detailed to shareholders. The issuance expands the director’s exposure to performance-linked securities, aligning his interests more closely with long-term company performance and potentially affecting the overall incentive and governance framework for key management.
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.
Tesoro Gold Ltd has issued 593,333 unquoted performance rights under its employee incentive scheme, effective 31 December 2025. The award of these performance rights, which are not intended to be quoted on the ASX, reinforces the company’s use of equity-based remuneration to align employees and key personnel with long-term shareholder interests and operational performance.
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.
Tesoro Gold Ltd has announced the issuance of 2,314,000 unquoted performance rights under its employee incentive scheme. This move reflects the company’s strategy to incentivize its workforce and align their performance with the company’s broader goals, potentially enhancing productivity and stakeholder confidence.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Limited has announced the issuance of 133,333 fully paid ordinary shares, enabling secondary trading under exemptions in the Corporations Act. This move supports its ongoing efforts in the El Zorro Gold Project in Chile, where drilling operations are underway to uncover further opportunities within its extensive and strategically significant gold holdings.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Ltd has announced the application for quotation of 133,333 fully paid ordinary securities on the Australian Securities Exchange (ASX), as a result of exercised options or convertible securities being converted. This issuance aligns with the company’s operational and strategic objectives, potentially enhancing its market positioning while offering stakeholders additional investment opportunities.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Ltd has announced the quotation of 88,421 fully paid ordinary securities on the Australian Securities Exchange (ASX). This move is part of the company’s strategy to capitalize on convertible securities being exercised, which may strengthen its financial position and provide additional resources for its ongoing gold exploration and development activities.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Limited has announced promising results from its maiden diamond drilling program at the La Brea Target, part of the El Zorro Gold Project in Chile. All five holes drilled returned positive results, indicating the presence of a significant gold system. The geological characteristics observed at La Brea are similar to those at the nearby Ternera Gold Deposit, suggesting potential for a large mineralized system. The company plans additional drilling to further explore the La Brea target and continues to advance other exploration programs within the El Zorro Gold corridor.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Limited has announced a change in the interests of its director, Geoffrey William McNamara, who has reduced his indirect holding of fully paid ordinary shares by 180,000 shares through an on-market trade. This adjustment in shareholding reflects a strategic decision by the director, potentially impacting the company’s market perception and investor relations.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Limited has completed a consolidation of its share capital on a fifteen-for-one basis, as approved at a recent general meeting. This restructuring aims to streamline the company’s capital structure, with new holding statements dispatched to stakeholders. The consolidation is expected to impact trading temporarily, with deferred settlement under a new code before reverting to the original ASX code. This move is part of Tesoro’s broader strategy to enhance its market positioning and operational efficiency, potentially benefiting stakeholders by aligning with its strategic goals in the gold mining sector.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Limited has issued over 9 million fully paid ordinary shares, allowing for secondary trading under the Corporations Act. The company is actively drilling at its El Zorro Gold Project in Chile, with results to be released in compliance with continuous disclosure obligations. This development supports Tesoro’s strategic expansion in the gold mining sector, potentially enhancing its market position and offering stakeholders insights into its operational progress.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Ltd has announced the quotation of 9,189,222 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of December 3, 2025. This move is part of previously announced transactions and is expected to bolster the company’s capital structure, potentially enhancing its operational capabilities and market positioning.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Ltd announced the quotation of 143,463 fully paid ordinary securities on the Australian Securities Exchange (ASX) as of November 26, 2025. This move is part of the company’s strategy to leverage financial instruments for growth and expansion, potentially impacting its market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Limited announced that all resolutions were passed at its recent general meeting, indicating strong shareholder support. This development aligns with the company’s strategic focus on its El Zorro Gold Project in Chile, which could enhance its industry positioning and stakeholder confidence.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.32 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Ltd has announced an update to a previous notification regarding the consolidation or split of its securities, specifically to accommodate the cessation of the official quotation of the TSOOA option. This update follows an ASX announcement made on November 10, 2025, and affects several securities, including ordinary shares and various options with different expiration dates. The announcement is part of the company’s ongoing adjustments to its securities in response to market and regulatory changes.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Limited has announced a change in the director’s interest, with Mark Connelly converting 3,750,000 Class F Performance Rights into Fully Paid Ordinary Shares. This conversion reflects the achievement of performance-based vesting conditions, potentially strengthening the company’s equity structure and aligning management interests with shareholder value.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Ltd has announced the issuance of 7,500,000 ordinary fully paid securities, which are set to be quoted on the Australian Securities Exchange (ASX) under the code TSO. This move signifies a strategic step in expanding its capital base, potentially enhancing its financial flexibility and supporting its ongoing exploration and development activities.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Limited has announced the expiration of its listed options, which are exercisable at $0.07 each until December 13, 2025. The company has proposed a share consolidation that, if approved, will adjust the exercise price to $1.05 on a post-consolidation basis. The official quotation of these options will cease on December 8, 2025. This announcement is part of Tesoro’s strategic financial maneuvers to optimize its market positioning and potentially enhance shareholder value. Stakeholders are advised to exercise their options before the expiration date to avoid losing their investment opportunities.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Limited has announced significant exploration results from its Pena Blanca Target at the El Zorro Gold Project in Chile, identifying three new gold targets. This discovery, highlighted by notable channel sampling results, reinforces the potential for multiple additional gold deposits within the El Zorro concession, aligning with Tesoro’s district exploration strategy to quickly define drill targets.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold has released a corporate presentation regarding its El Zorro Gold Development Project in Chile, highlighting it as a highly attractive single open pit gold opportunity. The presentation emphasizes the project’s potential impact on the company’s operations and its strategic positioning within the gold mining sector, although it does not constitute an investment offer.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
Tesoro Gold Limited has announced a change in its company secretary, with Ms. Sarah Wilson taking over the role from Ms. Sue Wong, effective immediately. Additionally, the company has relocated its registered office and principal place of business to Fremantle, Western Australia. These changes are part of Tesoro’s ongoing efforts to streamline its operations and enhance communication with stakeholders, potentially impacting its operational efficiency and market positioning.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.27 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.