Tesoro Gold Limited ended December 2025 with a strong cash position of AUD 29.2 million, supporting more than four quarters of exploration and operating activities. The company’s latest cash flow report reveals steady financing inflows amid ongoing investment in its gold exploration projects.
- Net cash used in operating activities – AUD 889,000
- Investing outflows mainly from exploration – AUD 5.8 million
- Equity financing proceeds total AUD 32.6 million
- Cash and equivalents at quarter end, AUD 29.2 million
- Estimated funding runway, 4.37 quarters
Quarterly Cash Flow Overview
Tesoro Gold Limited has released its quarterly cash flow report for the period ending 31 December 2025, showcasing a solid liquidity position despite ongoing exploration expenditures. The company recorded a net cash outflow of AUD 889,000 from operating activities, reflecting the typical cash burn associated with early-stage mining exploration.
Investing activities accounted for a significant cash outflow of AUD 5.85 million, primarily directed towards exploration and evaluation efforts. This level of investment underscores Tesoro Gold’s commitment to advancing its mineral resource prospects, a critical phase for any junior gold explorer aiming to build value.
Financing and Cash Position
On the financing front, Tesoro Gold secured AUD 32.6 million through equity issues during the quarter. This capital injection has bolstered the company’s cash reserves, which stood at AUD 29.2 million at the end of December. Notably, the company did not draw on any loan facilities, indicating a preference for equity funding over debt at this stage.
The cash balance provides Tesoro Gold with an estimated 4.37 quarters of funding based on its current expenditure profile. This runway offers a comfortable buffer for the company to continue its exploration activities without immediate pressure to raise additional funds.
Operational and Governance Notes
Payments to related parties amounted to AUD 99,000, a figure that aligns with standard corporate governance practices and operational costs. The report confirms compliance with Australian accounting standards and ASX listing rules, providing assurance on the integrity of the financial disclosures.
While the report does not provide detailed forward guidance or updates on exploration results, the financial data suggests Tesoro Gold is maintaining a disciplined approach to managing its cash flow and capital structure as it progresses through its development pipeline.
Bottom Line?
Tesoro Gold’s strong cash position and funding runway set the stage for continued exploration momentum, though investors will watch closely for updates on project progress and capital management.
Questions in the middle?
- What are the company’s plans for capital deployment in the coming quarters?
- How will Tesoro Gold balance exploration spending with potential future financing needs?
- When can investors expect updates on exploration results or project milestones?