Quarterly Cashflow Report

• Net cash used in operating activities of $889k in the current quarter
• $5.8m spent on exploration and evaluation activities
• $32.6m net cash from financing activities, including $34m from equity issuance

Tesoro Gold Ltd has released its quarterly cashflow report for the period ending 31 December 2025. The company reported net cash used in operating activities of $889k, with $213k in staff costs and $776k in administration and corporate costs. Exploration and evaluation activities accounted for $5.8m in cash outflows during the quarter. On the financing side, Tesoro Gold raised $34m from the issuance of equity securities, with $1.6m in transaction costs. Overall, the company ended the quarter with $29.2m in cash and cash equivalents.