Soma Gold Corp. is pleased to announce that the Company has amended its offtake agreement with Goldlogic Corp. and MVPR International Incorporated, dated September 4th, 2020, by securing an additional US$3 million. The proceeds will be used to complete the development work at the Aurora Mine, with the aim of commencing production in Q3 2024 [...]
A record 32,340 AuEq ounces were produced in 2023 - a 40% increase from the previous year. Q4-2024 AuEq production was up 25% to 7,234 ounces. Revenue for the year rose by 53% to $81.1 million. Income for 2023 reached $2.8 million, compared to $0.3 million in 2022. Q4-2024 revenue climbed 46% to $19.4 million. Adjusted EBITDA reached $31.8 million [...]
The Company also announces a change to the mining method at Cordero Mine Soma Gold Corp. is pleased to announce that gold production for Q1 2024 was 7,335 AuEq ounces, an increase of 8% over the same period in 2023. The Company also announces that after a comprehensive internal review and collaboration with the Company's external technical [...]
Soma Gold Corp. is pleased to announce the results of the initial diamond drill program conducted at the La Aurora Mine on the Machuca Project. Three drill holes, totalling 656m of drilling, were successfully completed in late Dec 2023. Furthermore, this release also presents the results obtained from the 2022 due diligence underground sampling [...]
Soma Gold Corp. announces that Javier Cordova Unda has taken a Personal Leave of Absence and has therefore temporarily resigned as president and director of the Company. Geoffrey Hampson, CEO and Chairman of the Board, states, "The Board of Directors hopes that the temporary resignation will allow Mr. Cordova to navigate through his personal [...]
Soma Gold Corp. announces that Javier Cordova Unda has temporarily stepped down as the Chief Executive Officer of the Company in order to attend to personal matters. He will continue to serve as the President and a director of the Company. C. Geoffrey Hampson, who currently serves as Executive Chairman of the Company's Board, will act as interim [...]
Soma Gold Corp. is pleased to announce that the Company will begin trading today on the OTCQX Best Market under the symbol "SMAGF", having graduated from the OTCQB® Venture Market. U.S. investors can find current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com. The OTCQX Market is designed for established [...]
Soma Gold is pleased to announce 2023 AuEq production of 32,340 ounces at its el Bagre Gold Complex. The Company achieved 96.5% of the 2023 forecasted production of 33,500 AuEq ounces, a 40% increase over the previous year's production. The deviation from anticipated production levels was due to two unscheduled and temporary suspensions during the [...]
62-103 - Soma Gold Corp. is pleased to announce that increased production at the Cordero Mine will now support the restart of operations at the el Limon mill, which has been under "care and maintenance" since 2019. The mill restart process is scheduled to commence in early January, with an estimated completion time of 3-4 months. The decision to [...]
Soma Gold Corp. is pleased to announce that its subsidiary Operadora Minera SAS has been awarded the highest "Sustainability Seal" certification from the regional environmental authority CORANTIOQUIA. This recognition is a testament to the Company's commitment to sustainability and responsible practices at its El Bagre gold mining operation located [...]
Ounces sold increased by 66% compared to Q3-2022 and 42% over the nine months ended September 30, 2023 Net Income for Q3 was $3.2 million on revenue of $22.8 million. Working capital increased from $89K in September 2022 to $6.2 million in September 2023 Adjusted EBITDA of $9.6 million and $26.7 million for the three and nine months ended September [...]
September and Q3 production of 3,229 and 9,413 ounces AuEq, respectively. Year-to-date production represents a 45% improvement over the same period in 2022. Soma Gold Corp. is pleased to announce that the Company produced 9,413 AuEq ounces and sold 9,112 ounces during the third quarter of 2023. Cumulatively, year-to-date production reached 25,106 [...]
