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The latest announcement is out from Tesoro Gold ( (AU:TSO) ).
Tesoro Gold Limited has successfully secured approximately A$34 million through a placement to advance its El Zorro Gold Project towards development. The funds will be used for pre-feasibility and definitive feasibility studies, permitting, and aggressive exploration in the El Zorro district. This financial boost reflects strong investor confidence and positions Tesoro to make significant progress towards a mining decision, enhancing its market presence and potential for stakeholders.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$0.21 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 company operating in the gold mining industry, primarily focused on the exploration and development of gold projects. Its main project is the El Zorro Gold Project, which is situated in a promising gold district. The company is committed to advancing this project through various stages of feasibility and exploration to unlock its full potential.
Average Trading Volume: 4,956,139
Technical Sentiment Signal: Buy
Current Market Cap: A$120.9M
For detailed information about TSO stock, go to TipRanks’ Stock Analysis page.