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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 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 165.15K | 0.00 | 36.87K | 826.00 | 2.32K |
| Gross Profit | 165.15K | -62.29K | -31.30K | -61.62K | -42.30K |
| EBITDA | -1.91M | -222.75K | -2.79M | -5.26M | -5.52M |
| Net Income | -1.86M | -340.64K | -3.15M | -5.06M | -5.35M |
Balance Sheet | |||||
| Total Assets | 47.43M | 37.68M | 42.31M | 31.11M | 29.86M |
| Cash, Cash Equivalents and Short-Term Investments | 3.89M | 302.01K | 2.82M | 3.95M | 13.73M |
| Total Debt | 261.89K | 32.80K | 86.14K | 108.94K | 111.35K |
| Total Liabilities | 1.13M | 694.84K | 1.26M | 987.24K | 1.87M |
| Stockholders Equity | 44.24M | 35.14M | 38.92M | 28.27M | 25.85M |
Cash Flow | |||||
| Free Cash Flow | -11.20M | -5.28M | -9.86M | -19.32M | -13.55M |
| Operating Cash Flow | -1.35M | 29.44K | -1.58M | -2.15M | -1.15M |
| Investing Cash Flow | -9.85M | -5.31M | -8.28M | -17.17M | -12.40M |
| Financing Cash Flow | 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 | AU$190.30M | -37.54 | -6.79% | ― | ― | 19.94% | |
52 Neutral | AU$224.44M | -93.33 | -5.37% | ― | ― | ― | |
49 Neutral | AU$32.37M | -6.51 | -7.34% | ― | ― | ― | |
46 Neutral | AU$65.97M | -56.98 | -3.30% | ― | ― | 6.52% | |
44 Neutral | AU$28.77M | -7.78 | -13.66% | ― | ― | 50.00% | |
42 Neutral | AU$172.23M | -41.67 | -9.15% | ― | ― | -12.00% |
Tesoro Gold Corporate Events
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.
Tesoro Gold has disclosed a change in director Zeffron Charles Reeves’ indirect holding, reflecting the conversion of performance rights into equity. Through the Palin Trust, of which Reeves is a beneficiary and trustee, he acquired 700,000 fully paid ordinary shares at an implied value based on the current market price, in exchange for the cancellation of an equivalent number of performance rights.
Following the transaction, Reeves’ indirect stake increased to 5,048,294 fully paid ordinary shares, while his remaining exposure is now concentrated in fewer performance rights classes with extended expiry dates. The move marginally aligns the director’s interests more closely with ordinary shareholders and slightly simplifies the company’s incentive structure, with no cash consideration involved in the change.
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.
Tesoro Gold has applied to the ASX for quotation of 1,153,333 new ordinary fully paid shares, with an issue date of 9 February 2026. The additional securities, arising from the exercise or conversion of existing instruments, will modestly increase the company’s free float and may marginally enhance liquidity for shareholders.
The move signals ongoing capital-related activity as Tesoro advances its corporate and project objectives within the gold sector. While small in scale, the issuance reflects continued engagement with equity markets and provides incremental capacity to support the company’s operational and strategic initiatives.
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.
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.