Soma Gold Corp. announced today that the total gold produced and sold at its El Bagre mine in Colombia was 4,427 ounces for the Quarter ended September 30, 2020, exceeding expectations by 25%. This production of gold generated a revenue of USD $8.28 million for the third quarter. Q3 2020 To view an enhanced version of this table, please visit [...]
Soma Gold announces that the Company has entered into an Off Take Agreement with Nueva Granada Gold and a Purchase and Refining Agreement with MVPR International Incorporated for the mineral production at the Company's Operadora Mineras S.A.S. operations in Antioquia, Colombia. The terms of the Agreements are as follows: Under the offtake, MVPR has [...]
Soma Gold Corp. announces that the Company has received the final permit needed to start the construction of the Balvina Cordero access portal. The work has commenced and is expected to proceed quickly with initial access to the target vein in late November 2020. The development program will begin to access levels 2 and 5 and will be fully [...]
Soma Gold Corp. announces that the Company produced and sold a total of 1,204.33 equivalent ounces¹ of gold in doré during the month of July 2020, slightly ahead of budgeted sales of 1,156 AuEq ounces. The Company sold the doré bars for a total of US $2,225,765.42 or US $1,869.67 per equivalent ounce of gold, ahead of budgeted revenue of US [...]
717 Ounce Au Dore Bar Produced and Sold at Operadora Soma Gold Corp. announces that it has closed its non-brokered private placement in the amount of $4,440,000. The private placement was originally announced on May 29, 2020 for $3.75 million and was over-subscribed by $690,000. The Company has issued 29,599,997 common shares and 29,599,997 share [...]
Soma Gold Corp. announces that a robbery occurred at the Company's wholly owned La Ye Mine in El Bagre, Colombia, on June 10th. An armed group of individuals entered the mine site after a gold pour but before the doré was transported by helicopter to the refinery in Medellin. No employee was injured during the theft but the thieves were able to [...]
Soma Gold Corp. is pleased to announce the assays from the first 12 diamond drill holes, representing 3,306 m of the planned 15,000 m of drilling for 2020. The program was on the Northern extension of Cordero-Balvina Target, located on its El Bagre Mining Project, which is wholly owned by the Company. Highlights include: 3.05m at 18.98 g/t Au from [...]
Soma Gold Corp. is pleased to announce that it has closed the acquisition of 100% of the shares of Operadora Mineras S.A.S from Mineros, effective May 31, 2020. The payment of the first of US $1 million of the US $5.5 million purchase price, was made on May 29th. The second payment of US $4.5 million is due to Mineros by September 4, 2020. Soma has [...]
Soma Gold Corp. is announcing that it will be delaying the filing and delivery of certain of its continuous disclosure documents, in accordance with BC Instrument 51-515 Temporary Exemption from Certain Corporate Finance Requirements of the British Columbia Securities Commission which was adopted for the purpose of providing certain filing and [...]
Para Resources is pleased to announce that it has completed the previously announced share consolidation of one new share for every ten old shares and a concurrent name change to Soma Gold Corp., with a new trading symbol of TSXV:SOMA. The Company also announces that it has arranged a non-brokered private placement for total gross proceeds of up to [...]
Para Resources announces that the Definitive Agreements executed on March 25th, 2020, with Mineros, S.A. a simplified stock corporation, organized and existing under the Laws of Colombia and the Mining Title of Nechi, the portion of the Mining Title of R57011 and certain other Assets has been amended as follows: Mineros shall transfer to Para 100 [...]
Para Resources Inc. announces it has entered into Definitive Agreements with Mineros, S.A. to acquire 100% of its wholly owned subsidiary Operadora Mineras S.A.S. for US$5.5 million. Operadora owns 100% of the La Ye Gold Operations and associated mineral rights. During its due diligence enquiries Para was able to confirm, based on financial [...]
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