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Tesoro Gold

Full company profile

uuid000ayp9

Namestring
Tesoro Gold
Legal namestring
Tesoro Gold Limited
Websiteurl
tesorogold.com.au
Company typeenum
Public
Founded yearint
2017
Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
1–10
akta.pro rankint
HeadquartersPerth, Australia
HQ citystring
Perth
HQ countrystring
Australia
HQ regionstring
Oceania
Markets served

Serves global market

Offices2 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
gold exploration, gold mining, mineral resource development, precious metals discovery, gold project development
Industry1 code
1Gold Mining
CodeIMAKAEAAPrimaryYes
NAICS code2 codes
  • Gold Ore and Silver Ore Mining21222
  • Other Metal Ore Mining212290
SIC code1 code
  • Gold And Silver Ores1040
Product category
Gold Exploration and Mining
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Gold Production (Future)
TypeOne Time License
Description

Pre-revenue exploration and development company. Once the El Zorro Gold Project reaches production, revenue will be generated from gold sales at market prices. The company has a 14-year initial mine life planned with average production of 111koz per annum for first 9 years.

tesorogold.com.au
Marketing channels7 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components6 values
Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Others
GTM typeB2C
B2C
Offering typeServices
Services
Core offering1 text field

Tesoro Gold is a publicly listed Australian gold exploration and development company advancing the El Zorro Gold Project in Chile's Atacama region. The company is developing the Ternera Gold Deposit, Chile's first discovered Intrusive Related Gold System (IRGS), with planned gold production of 111koz per annum over an initial 14-year mine life. The project covers 570km² of tenure and hosts a 2.0Moz @ 1.07g/t Au unconstrained gold resource with 94.5% gold recovery using standard Carbon-in-Pulp (CIP) processing.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 5 values shown
  • 51.3% IRR with US$663M post-tax NPV at US$2,750/oz gold price
+4 more records
Product overview1 text field

Tesoro Gold is a single-focus gold exploration and development company with one core asset: the El Zorro Gold Project in Chile's Atacama Coastal Cordillera region. The project comprises the Ternera Gold Deposit as the primary development target, supported by multiple regional exploration prospects. The company operates on a project development model rather than a modular product architecture, with all activities centered on advancing El Zorro through exploration, scoping study, and eventual production. The Ternera deposit serves as the foundation of the project with its 2.0Moz resource, while regional targets provide upside growth potential within the district-scale gold system.

Product and service3 records
1El Zorro Gold Project
CategoryGold Exploration and Development Project
Description

A district-scale gold exploration and development project covering 555km of prospective geology in Chile's Atacama region, approximately 800km north of Santiago. The project hosts the Ternera Gold Deposit and represents Chile's first discovered Intrusive Related Gold System, with 570km² of total tenure.

2Ternera Gold Deposit
CategoryGold Deposit Asset
Description

The primary gold deposit within the El Zorro project, containing an unconstrained mineral resource of 2.0Moz @ 1.07g/t Au and a pit-constrained resource of 1.82Moz @ 1.10g/t Au with over 60% Indicated classification. Features excellent metallurgy with >94% gold recovery at 125μm grind size using standard CIP processing.

3Regional Growth Targets
CategoryExploration Prospects
Description

Multiple exploration prospects within the El Zorro Gold District including Kitsune, Calderillas, Calderillas North, Drone Hill, Toro Blanco, Ternera East, Drone Hill SW, and Buzzard, representing untested targets within the larger district-scale intrusive related gold system.

Scale indicator13 records

Each record includes

Type, Value, Description, Source

Recent move7 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
1Hot Chili Limited
TypeDirect peer
Description

ASX-listed copper-gold explorer-developer with the Costa Fuego project in Chile's Atacama region, the same prolific mining jurisdiction as Tesoro's El Zorro. Direct comparable on jurisdiction, exchange, and project stage.

2Culpeo Minerals Limited
TypeDirect peer
Description

ASX-listed gold explorer advancing projects in Chile, co-founded by Geoff McNamara who is on Tesoro's board. Closely comparable Australian-listed gold explorer with Chilean operational exposure and similar early-stage profile.

3Emmerson Resources
TypeDirect peer
Description

ASX-listed gold exploration and development company with Mark Connelly as Non-Executive Chair. Comparable as a small-cap ASX gold developer with the same governance chair and similar growth-jurisdiction strategy.

4Catalyst Metals
TypeDirect peer
Description

ASX-listed gold developer with Mark Connelly serving as Non-Executive Chair. Comparable small-cap ASX gold company with similar governance, jurisdiction-diversified portfolio, and developer-stage trajectory.

5West African Resources
TypeDirect peer
Description

ASX-listed gold developer-producer chaired by Mark Connelly. Comparable as a small-to-mid cap ASX gold company that successfully transitioned from explorer to producer, illustrating the development path Tesoro is pursuing.

6Fortuna Silver Mines
TypeBroad incumbent
Description

Mid-tier precious metals producer operating the Caylloma mine in Peru and a Chilean project. Comparable as a precious-metals developer-acquirer active in Chile, and the acquirer of Chesser Resources (where Mark Connelly was Chair).

7B2Gold Corporation
TypeBroad incumbent
Description

Mid-tier gold producer with active mines in West Africa and South America, and a track record of acquiring junior developers led by Mark Connelly (Papillon, Oklo). Relevant acquisitive peer signaling potential M&A exit for Tesoro.

8IAMGOLD Corporation
TypeBroad incumbent
Description

Mid-tier gold producer with operations and development projects across South America (e.g., Côté, Essakane, Rosebel). Comparable as a major acquirer of intermediate-stage gold developers active in the Americas.

9Stellar Resources
TypeDirect peer
Description

ASX-listed minerals developer with Mark Connelly as Non-Executive Chair. Comparable small-cap ASX developer with shared governance and exploration-development profile.

10Gold Fields Limited
TypeBroad incumbent
Description

Major gold producer that recently upgraded to OTCQX best market and acquired Gold Road Resources. Relevant incumbent given Alan Gibson's prior role leading corporate development at Gold Fields and direct knowledge of Tesoro through his M&A work.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Tesoro Gold

Gold Exploration and Miningtesorogold.com.au

Tesoro Gold firmographics

Firmographics
Name
Tesoro Gold
Legal name
Tesoro Gold Limited
Website
https://tesorogold.com.au
Company type
Public
Founded year
2017
Operating status
Operating
Headcount range
1–10 employees
Ownership category
akta.pro rank

Tesoro Gold industry classification

Industry
Product category
Gold Exploration and Mining
NAICS
Gold Ore and Silver Ore Mining (21222), Other Metal Ore Mining (212290)
SIC
Gold And Silver Ores (1040)
akta.pro primary industry
Gold Mining (IMAKAEAA)

Keywords

  • Gold exploration
  • Gold mining
  • Mineral resource development
  • Precious metals discovery
  • Gold project development

Where Tesoro Gold is headquartered

Location

Headquarters

HQ city
Perth
HQ country
Australia
HQ region
Oceania

Offices2 records

Markets served

Tesoro Gold business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Others

Revenue model

  1. Gold Production (Future): Pre-revenue exploration and development company. Once the El Zorro Gold Project reaches production, revenue will be generated from gold sales at market prices. The company has a 14-year initial mine life planned with average production of 111koz per annum for first 9 years.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Tesoro Gold product offering

Product offering

Core offering

Tesoro Gold is a publicly listed Australian gold exploration and development company advancing the El Zorro Gold Project in Chile's Atacama region. The company is developing the Ternera Gold Deposit, Chile's first discovered Intrusive Related Gold System (IRGS), with planned gold production of 111koz per annum over an initial 14-year mine life. The project covers 570km² of tenure and hosts a 2.0Moz @ 1.07g/t Au unconstrained gold resource with 94.5% gold recovery using standard Carbon-in-Pulp (CIP) processing.

Product overview

Tesoro Gold is a single-focus gold exploration and development company with one core asset: the El Zorro Gold Project in Chile's Atacama Coastal Cordillera region. The project comprises the Ternera Gold Deposit as the primary development target, supported by multiple regional exploration prospects. The company operates on a project development model rather than a modular product architecture, with all activities centered on advancing El Zorro through exploration, scoping study, and eventual production. The Ternera deposit serves as the foundation of the project with its 2.0Moz resource, while regional targets provide upside growth potential within the district-scale gold system.

Differentiator

Problem solved

Functional benefit

Products and services

  • El Zorro Gold Project A district-scale gold exploration and development project covering 555km of prospective geology in Chile's Atacama region, approximately 800km north of Santiago. The project hosts the Ternera Gold Deposit and represents Chile's first discovered Intrusive Related Gold System, with 570km² of total tenure.
  • Ternera Gold Deposit The primary gold deposit within the El Zorro project, containing an unconstrained mineral resource of 2.0Moz @ 1.07g/t Au and a pit-constrained resource of 1.82Moz @ 1.10g/t Au with over 60% Indicated classification. Features excellent metallurgy with >94% gold recovery at 125μm grind size using standard CIP processing.
  • Regional Growth Targets Multiple exploration prospects within the El Zorro Gold District including Kitsune, Calderillas, Calderillas North, Drone Hill, Toro Blanco, Ternera East, Drone Hill SW, and Buzzard, representing untested targets within the larger district-scale intrusive related gold system.

Quantifiable outcome

  • 51.3% IRR with US$663M post-tax NPV at US$2,750/oz gold price
  • +4 more outcomes

Companies that use Tesoro Gold

Customer profile

Segments1 record

Ideal customer profiles1 record

Tesoro Gold technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Tesoro Gold partnerships and signals

Strategic signal

Scale indicators13 records

Recent moves7 records

Expansion highlights5 records

Tesoro Gold competitors and assessment

Company assessment

Direct peers

  • Hot Chili Limited: ASX-listed copper-gold explorer-developer with the Costa Fuego project in Chile's Atacama region, the same prolific mining jurisdiction as Tesoro's El Zorro. Direct comparable on jurisdiction, exchange, and project stage.
  • Culpeo Minerals Limited: ASX-listed gold explorer advancing projects in Chile, co-founded by Geoff McNamara who is on Tesoro's board. Closely comparable Australian-listed gold explorer with Chilean operational exposure and similar early-stage profile.
  • Emmerson Resources: ASX-listed gold exploration and development company with Mark Connelly as Non-Executive Chair. Comparable as a small-cap ASX gold developer with the same governance chair and similar growth-jurisdiction strategy.
  • Catalyst Metals: ASX-listed gold developer with Mark Connelly serving as Non-Executive Chair. Comparable small-cap ASX gold company with similar governance, jurisdiction-diversified portfolio, and developer-stage trajectory.
  • West African Resources: ASX-listed gold developer-producer chaired by Mark Connelly. Comparable as a small-to-mid cap ASX gold company that successfully transitioned from explorer to producer, illustrating the development path Tesoro is pursuing.
  • Stellar Resources: ASX-listed minerals developer with Mark Connelly as Non-Executive Chair. Comparable small-cap ASX developer with shared governance and exploration-development profile.

Broad incumbents

  • Fortuna Silver Mines: Mid-tier precious metals producer operating the Caylloma mine in Peru and a Chilean project. Comparable as a precious-metals developer-acquirer active in Chile, and the acquirer of Chesser Resources (where Mark Connelly was Chair).
  • B2Gold Corporation: Mid-tier gold producer with active mines in West Africa and South America, and a track record of acquiring junior developers led by Mark Connelly (Papillon, Oklo). Relevant acquisitive peer signaling potential M&A exit for Tesoro.
  • IAMGOLD Corporation: Mid-tier gold producer with operations and development projects across South America (e.g., Côté, Essakane, Rosebel). Comparable as a major acquirer of intermediate-stage gold developers active in the Americas.
  • Gold Fields Limited: Major gold producer that recently upgraded to OTCQX best market and acquired Gold Road Resources. Relevant incumbent given Alan Gibson's prior role leading corporate development at Gold Fields and direct knowledge of Tesoro through his M&A work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Tesoro Gold social profiles

Digital presence

Tesoro Gold financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Tesoro Gold leadership team

Management profile

Number of profiles

Profiles1 record

Tesoro Gold funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Tesoro Gold M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tesoro Gold

What does Tesoro Gold do?

Tesoro Gold is a publicly listed Australian gold exploration and development company advancing the El Zorro Gold Project in Chile's Atacama region. The company is developing the Ternera Gold Deposit, Chile's first discovered Intrusive Related Gold System (IRGS), with planned gold production of 111koz per annum over an initial 14-year mine life. The project covers 570km² of tenure and hosts a 2.0Moz @ 1.07g/t Au unconstrained gold resource with 94.5% gold recovery using standard Carbon-in-Pulp (CIP) processing.

Is Tesoro Gold a public or private company?

Tesoro Gold is a public company. It is classified as public and is currently operating.

When was Tesoro Gold founded?

Tesoro Gold was founded in 2017. It employs 1 to 10 people.

Where is Tesoro Gold based?

Tesoro Gold is headquartered in Perth, Australia, in the Oceania region.

How does Tesoro Gold make money?

One revenue line is on record: gold Production (Future).

Who are Tesoro Gold's main competitors?

Direct peers on record are Hot Chili Limited, Culpeo Minerals Limited, Emmerson Resources, Catalyst Metals, West African Resources and Stellar Resources. Broad incumbents are Fortuna Silver Mines, B2Gold Corporation, IAMGOLD Corporation and Gold Fields Limited.

Does Tesoro Gold have an API?

No public API is recorded for Tesoro Gold.

What industry is Tesoro Gold in?

Tesoro Gold's product category is Gold Exploration and Mining. Its primary akta.pro industry code is IMAKAEAA, Gold Mining. Its NAICS code is 21222 and its SIC code is 1040.

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Live signals
FinanzNachrichten.de994 Mio. US-Dollar Nettobarwert: Warum Tesoro Gold neben Newmont und Barrick jetzt auffälltTesoro Gold's El Zorro project in Chile has a net present value of $994 million against a $276 million initial capital, a 3.6x multiple. Newmont and Barrick reported strong Q2 2026 cash flows, but Tesoro's project is still in development with risks. The NPV is not a company valuation.FinanzNachrichten.de248 Mio. US-Dollar Investition für 663 Mio. US-Dollar Nettobarwert: Die Rechnung hinter Tesoro GoldTesoro Gold's Ternera project scoping study estimates $248 million in initial investment against a net present value of $663 million, a 2.7x multiple. The study assumes a $2,750/oz gold price and a 7.5% discount rate, with a payback period of about 20 months. A definitive feasibility study and financing are still required.FinanzNachrichten.de1,23 Mrd. US-Dollar Cashflow-Potenzial: Warum Tesoro Gold zwischen Gold Fields und Kinross jetzt auffälltTesoro Gold's El-Zorro project in Chile is projected to generate $1.23 billion in after-tax free cashflow over its planned mine life, according to a scoping study. The study assumes a gold price of $2,750 per ounce and a 95% recovery rate. Tesoro has confirmed a 51.6 million-ton resource with 1.82 million ounces, but a feasibility study is still pending.EleconomistaOro y otros metales preciosos caen por alza de los bonos del TesoroGold and other precious metals fell on Sept. 1 as U.S. Treasury yields rose and the dollar strengthened, with gold down 2.9% to $4,323.19. The 10-year Treasury yield hit 4.8%, near a multi-week high, and analysts expect the Fed to raise rates in September.FinanzNachrichten.deZentralbanken kaufen Gold in Rekordhöhe - wer liefert die nächste Generation von Unzen?Central banks bought a record 289 tonnes of gold in the second quarter of 2026, more than five times the prior quarter, valued at roughly $45 billion by Deutsche Bank, with 45% of surveyed banks planning to increase reserves over 12 months. China's People's Bank of China added 20 tonnes in July, raising official reserves to 2,377.5 tonnes. Barrick, B2Gold and Tesoro Gold are highlighted as producers and developers.FinanzNachrichten.de1,47 Millionen Unzen mit höherer Sicherheit: Warum Tesoro Gold bei Ternera jetzt in die nächste Entwicklungsphase gehtTesoro Gold Limited updated its mineral resource estimate for the Ternera gold project in Chile's Atacama region, showing 1.47 million ounces in Measured and Indicated categories, up about 348,000 ounces from August 2025. The 51.6-million-ton resource averages 1.10 grams of gold per tonne. Tesoro plans to submit a maiden ore reserve in September 2026 and a definitive feasibility study by year-end.FinanzNachrichten.deGoldpreisprognose von 5.000 US-Dollar: Warum der nächste Goldminenboom gerade erst beginnen könnteA Reuters analysis reports Morgan Stanley's revised gold outlook, with the bank saying gold reached its 4,450 US-dollar per ounce fourth-quarter target earlier than expected and could breach 5,000 US dollars in 2027 amid ETF inflows, central bank buying and fiscal concerns. Barrick Mining posted a 70% year-on-year rise in adjusted net profit to $1.36 billion at an average realized price of $4,417 per ounce. Tesoro Gold's El Zorro project, priced at $2,750 per ounce, faces feasibility, permitting and financing hurdles.FinanzNachrichten.deWells Fargo sieht Gold bei bis zu 5.100 US-Dollar: Steht Tesoro Gold vor einer Neubewertung?Wells Fargo Investment Institute projects gold prices could reach $4,900 to $5,100 per ounce by the end of 2026, driven by geopolitical uncertainty and central bank demand. The article highlights Tesoro Gold as a potential beneficiary, noting that its El-Zorro project in Chile was modeled on significantly lower price assumptions, suggesting substantial upside if targets are met. Tesoro is currently advancing towards a definitive feasibility study with partners like GR Engineering Services and BurnVoir.FinanzNachrichten.deGoldpreis steigt 9% im August: Warum Tesoro Gold jetzt vor entscheidenden Neubewertungs-Katalysatoren stehtGold prices rose approximately 9% in August to around $4,400 per ounce, driven by a recovery from geopolitical sell-offs and easing inflation expectations. This price increase significantly improves the economic outlook for advanced development projects like Tesoro Gold's El-Zorro project, which was modeled on much lower gold prices of $2,750 per ounce. Established producers such as Barrick Mining are already benefiting from higher cash flows, while Tesoro Gold advances its feasibility studies and permitting processes.FinanzNachrichten.de101 Meter Gold: Warum Tesoro Gold nach 27.162 Bohrmetern jetzt in die nächste Phase wechseltTesoro Gold Limited has completed an infill drilling program at its Ternera gold deposit in Chile, totaling 27,162 meters across 80 holes to validate its geological model. The company now plans to upgrade parts of the resource to the 'Indicated' category for a future reserve estimate and definitive feasibility study while expanding exploration along the 40-kilometer El-Zorro corridor.