Breakeven Date Change • May 20
Forecast to breakeven in 2028 The 2 analysts covering Tesoro Gold expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$2.00m in 2028. Average annual earnings growth of 11% is required to achieve expected profit on schedule. Breakeven Date Change • May 01
Forecast to breakeven in 2028 The 2 analysts covering Tesoro Gold expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of AU$2.00m in 2028. Average annual earnings growth of 11% is required to achieve expected profit on schedule. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chair Mark Connelly was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Mar 11
Tesoro Gold Ltd, Annual General Meeting, May 06, 2026 Tesoro Gold Ltd, Annual General Meeting, May 06, 2026. Location: at 31-33 cliff street, fremantle wa 6160 Australia Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chair Mark Connelly was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 01
Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 34 million. Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 34 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 503,671,051
Price\Range: AUD 0.053
Discount Per Security: AUD 0.00265
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 137,838,383
Price\Range: AUD 0.053
Discount Per Security: AUD 0.00053
Transaction Features: Subsequent Direct Listing Board Change • Aug 18
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chair Mark Connelly was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Jun 26
Tesoro Gold Ltd has completed a Follow-on Equity Offering in the amount of AUD 11.070484 million. Tesoro Gold Ltd has completed a Follow-on Equity Offering in the amount of AUD 11.070484 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 388,353,510
Price\Range: AUD 0.024
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 72,916,667
Price\Range: AUD 0.024
Discount Per Security: AUD 0.00096
Transaction Features: Subsequent Direct Listing Annuncio • Apr 17
Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 11.070484 million. Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 11.070484 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 388,353,510
Price\Range: AUD 0.024
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 72,916,667
Price\Range: AUD 0.024
Discount Per Security: AUD 0.00096
Transaction Features: Subsequent Direct Listing Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chair Mark Connelly was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Non-Executive Chair Mark Connelly was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Sep 11
Tesoro Gold Ltd Provides Update on Legal Proceedings Involving Wanaco SpA Tesoro Gold Limited provided an update on legal proceedings initiated by Wanaco SpA (Wanaco), the joint venture partner in the El Zorro Gold Project (El Zorro). On 31 August 2024, the Company received notice from the 29th Civil Court of Santiago (the Court) that certain claims filed by Wanaco in February 2024 relating to an alleged "abandonment" of works under the option and joint venture agreement between Wanaco and Tesoro's 95% owned Chilean subsidiary have been dismissed. The Court ordered Wanaco to pay costs in favour of Tesoro, with Wanaco retaining the right to appeal this decision. Certain claims by Wanaco SpA against Tesoro's Chilean subsidiary, Tesoro Mining Chile SpA, have been rejected by the 29th Civil Court of Santiago. The Court's dismissal represents a further rejection of Wanaco SpA's attempts to have mining concessions, currently owned by Tesoro subsidiary El Zorro S.C.M., transferred. On 31 August 2024, the Court dismissed these Additional Claims ordering Wanaco to pay the costs associated with the procedure. Other claims relating to El Zorro S.C.M. (including in relation to the Capital Increase) remain outstanding, and Tesoro is committed to vigorously defending all spurious claims brought by Wanaco. Annuncio • Sep 03
Tesoro Gold Ltd, Annual General Meeting, Nov 14, 2024 Tesoro Gold Ltd, Annual General Meeting, Nov 14, 2024. Location: at 31-33 cliff street, fremantle wa 6160. Australia Annuncio • Jul 20
Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 9.7 million. Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 9.7 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 283,333,334
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,000,000
Price\Range: AUD 0.03
Discount Per Security: AUD 0.0018
Transaction Features: Subsequent Direct Listing Annuncio • Jan 16
Tesoro Gold Ltd has completed a Follow-on Equity Offering in the amount of AUD 3 million. Tesoro Gold Ltd has completed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 97,377,778
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 69,288,889
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Transaction Features: Subsequent Direct Listing Annuncio • Nov 20
Tesoro Gold Ltd Announces CFO Changes Tesoro Gold Limited advised the appointment of Mr. Graeme Morissey as Chief Financial Officer of the Company, effective November 20, 2023, following the resignation of Ms Pennee Osmond. Mr. Morissey has held Director-level roles in the audit divisions of global accounting firms EY, KPMG and Grant Thornton. He has over 15 years' direct experience in servicing clients within the mining exploration and development sector. This includes specific expertise extending across compliance with the Australian Securities Exchange (ASX), the Australian Accounting Standards Board, the Corporations Act 2001 (Cth) and Department of Mines regulation. Mr. Morissey has also consulted directly to CFOs within the Australian mining sector, which has included services to assist management to optimise internal reporting processes, cash management and cashflow forecasting. His clients have included gold production companies Westgold and Ora Banda. Mr. Morissey is a Chartered Accountant (CA), a Fellow of the Governance Institute of Australia (FGIA) and a member of the Australian Institute of Company Directors (MAICD). He holds a Bachelor of Commerce from McMaster University in Canada. Annuncio • Nov 14
Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 3 million. Tesoro Gold Ltd has filed a Follow-on Equity Offering in the amount of AUD 3 million.
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 97,377,778
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Security Name: Ordinary Share
Security Type: Common Stock
Securities Offered: 69,288,889
Price\Range: AUD 0.018
Discount Per Security: AUD 0.00108
Transaction Features: Subsequent Direct Listing New Risk • Oct 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$15.8m (US$9.98m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$9.9m free cash flow). Earnings have declined by 21% per year over the past 5 years. Revenue is less than US$1m (AU$37k revenue, or US$23k). Market cap is less than US$10m (AU$15.8m market cap, or US$9.98m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (21% increase in shares outstanding). Annuncio • Oct 07
Tesoro Gold Limited Announces Resignation Non-Executive Director, Kristie Young Tesoro Gold Limited announced that Non-Executive Director, Ms. Kristie Young has resigned effective immediately, to focus on her other commitments. Annuncio • Sep 29
Tesoro Gold Ltd, Annual General Meeting, Nov 16, 2023 Tesoro Gold Ltd, Annual General Meeting, Nov 16, 2023, at 12:00 W. Australia Standard Time. Location: 31-33 Cliff Street Fremantle Australia New Risk • Sep 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2022. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$13m free cash flow). Earnings have declined by 31% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2022 fiscal period end). Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (AU$20.0m market cap, or US$12.9m). Annuncio • Aug 30
Tesoro Gold Limited Announces the Appointment of Alan Gibson as Non-Executive Director Tesoro Gold Limited announced the appointment of Mr. Alan Gibson as Non-Executive Director. Alan Gibson is an experienced and skilled M&A lawyer, with more than 20 years' experience in Corporate, Energy and Resources Law, including more than 10 years of that as part of the Gold Fields Corporate Development team. Alan is currently Vice President: Corporate Development Head of Legal for Gold Fields and has played an important role in a number of the group's key growth transactions around the world, including the proposed joint venture between Gold Fields' Tarkwa mine and AngloGold Ashanti's Iduapriem mine in Ghana; the partnership with Osisko Mining at Windfall in Quebec, Canada; acquiring the Granny Smith, Lawlers and Darlot gold mines from Barrick in 2013; acquiring a 50% interest in the Gruyere gold mine in 2016; and evaluating the various funding options for Gold Fields' key development asset Salares Norte in Chile in 2020. Mr. Gibson is an admitted legal practitioner holding a Bachelor of Laws and Bachelor of Economics from Murdoch University (WA). Annuncio • Jan 23
Tesoro Gold Ltd, Annual General Meeting, Feb 22, 2023 Tesoro Gold Ltd, Annual General Meeting, Feb 22, 2023, at 13:30 W. Australia Standard Time. Location: 31-33 Cliff Street Fremantle Western Australia Australia Agenda: To consider approval to issue options to gold fields; to consider ratification of prior issue of certain shares issued to gold fields; to consider selective share buy-back from acuity capital; and to consider selective share buy-back from forfeiting shareholders. Annuncio • Jan 17
Tesoro Gold Ltd Announces Assay Results from Close Spaced Continuous Channel Sampling over the Kitsune and Toro Blanco Targets at the El Zorro Gold Project (El Zorro), Chile Tesoro Gold Limited announced assay results from close spaced continuous channel sampling over the Kitsune and Toro Blanco Targets at the El Zorro Gold Project (El Zorro), Chile. Sampling has been completed over prospective host El Zorro Tonalite outcrops and fault zones, with anomalous gold results highlighting the potential for the Ternera Gold Deposit to continue approximately 3.2km north to Kitsune. Surface Sampling: Results have been received for 798 channel samples taken as part of a detailed mapping and sampling program at the Toro Blanco and Kitsune targets. Toro Blanco and Kitsune are interpreted to be the northern extension of the Ternera Gold Deposit. To date results have been returned for 1,493 samples across both targets, which have now successfully delineated a large 3.2km by 1.5km mineralised gold zone, analogous to Ternera. Samples were taken as continuous rock chips, with prospective rock types outcropping at surface as fresh or weakly oxidised outcrops. This provides a high level of geological information about the nature and control of gold mineralisation throughout the sampled areas. Drilling: Drilling has recommenced at El Zorro, focusing on further extending the recently announced southern extension of the Ternera Gold Deposit. The southern extension is a newly discovered shallow zone of gold mineralisation which was intercepted in hole ZDDH0309, approximately 200m south of the existing 1.1Moz MRE. The mineralisation is open to the south with the current drill program designed to continue to extend the deposit to the south and further understand the geometry of this mineralised zone and delineate additional gold resources. The Company is also advancing the calculation of an updated MRE aiming to improve resource classification and continuity of mineralisation throughout the deposit with the addition of drilling data from holes drilled since June 2022. It is envisaged an updated MRE will be completed in First Quarter current year 2023. Board Change • Nov 16
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). MD & Director Zeff Reeves is the most experienced director on the board, commencing their role in 2020. Independent Non-Executive Director Kristie Young was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Apr 28
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Chairman John Toll is the most experienced director on the board, commencing their role in 2017. Independent Non-Executive Director Kristie Young was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Is New 90 Day High Low • Feb 09
New 90-day low: AU$0.24 The company is down 28% from its price of AU$0.34 on 11 November 2020. The Australian market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 18% over the same period. Is New 90 Day High Low • Dec 17
New 90-day low: AU$0.25 The company is down 15% from its price of AU$0.29 on 18 September 2020. The Australian market is up 14% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Metals and Mining industry, which is up 12% over the same period. Is New 90 Day High Low • Oct 03
New 90-day high: AU$0.35 The company is up 361% from its price of AU$0.076 on 03 July 2020. The Australian market is down 2.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Metals and Mining industry, which is up 1.0% over the same period. 
