Tesoro Gold
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Tesoro Gold (TSO) investor relations material

Tesoro Gold H1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2026 earnings summary10 Sep, 2026

Executive summary

  • Focused on advancing the El Zorro Gold Project in Chile, with significant progress on the Ternera deposit towards a Definitive Feasibility Study (DFS).

  • Infill and extensional drilling at Ternera delivered multiple high-grade gold intercepts, supporting resource growth and confidence.

  • Updated Mineral Resource Estimate (MRE) for Ternera post-period: 51.6Mt at 1.10g/t Au for 1.82Moz, with 1.47Moz in Measured and Indicated categories.

  • Expanded in-country team and established a Chilean office to support project execution.

Financial highlights

  • Net loss after tax for the half-year ended 30 June 2026: A$2,411,923 (vs. A$2,156,534 for the same period in 2025).

  • Total comprehensive loss: A$4,796,103 (vs. A$1,804,879 in 2025), mainly due to foreign currency translation losses.

  • Cash and cash equivalents at 30 June 2026: A$15.29 million (down from A$22.17 million at 31 Dec 2025).

  • Exploration and evaluation expenditure capitalised: A$13.15 million for the half-year.

  • Basic and diluted loss per share: (1.35) cents (vs. (1.76) cents in 2025).

Outlook and guidance

  • DFS workstreams for Ternera are underway or materially advanced, with a focus on mine planning, permitting, and financing.

  • Ongoing drilling to support resource growth and new discoveries within the El Zorro district.

  • Project financing strategy being developed with appointed financial adviser.

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