Soma Gold Corp. is pleased to announce a new monthly gold production record of 3,154 AuEq ounces of gold for the month of August 2023. Year-to-date, Soma has produced 21,878 AuEq ounces, marking a substantial increase from the 16,219 ounces reported during the same period last year, which reflects Soma's commitment to optimizing production. Javier [...]
Soma Gold Corp. announces that the Company and Sintramienergetica-Zaragoza, the Union representing employees at the Company's el Bagre Gold Complex in Antioquia, Colombia, have reached a new two-year Collective Agreement for the period ending September 30th, 2025. This new Collective Agreement replaces the one-year agreement the Company entered [...]
Soma Gold Corp. announces that the Company's second quarter Financial Statements and MD&A have now been filed on SEDAR+ and can be viewed using the following link: bit.ly/3YYiuUw. The Company also advises readers to note that there was a typographical error in the Press Release dated August 29th, 2023. That Press Release should have stated that the [...]
Increases of 18% and 30% in gold sales over Q2 - 2022 and H1 - 2022 respectively . Net Income for H1 - 2023 of $4.8 million on revenue of $39.0 million. Adjusted EBITDA of $10.3 million and $17.0 million in Q2 - 2023 and H1 - 2023 respectively, compared to $7.48 million and $11.15 million in the same period in 2022, respectively. Total cash cost [...]
Soma Gold Corp. is pleased to announce that it produced 3,031 AuEq ounces in July, which represents a significant 47% increase compared to the 2,061 AuEq ounces produced in July of 2022. As of July 31, 2023, the Company has produced 18,723 AuEq ounces year to date and continues to be in line with its planned production target of 18,562 AuEq ounces [...]
Soma Gold Corp. announced the acquisition of the Otu Centro properties in Antioquia, Colombia, in May 2023 . The property is immediately to the south of, and contiguous with, the Company's existing Zara exploration properties in Antioquia, Colombia, along the prolific Otu Fault corridor. Soma has initiated the exploration of the new properties and [...]
Soma Gold is pleased to announce that the Company produced 8,897 AuEq ounces during the second quarter ended June 30, 2023. Production exceeded the planned 8,450 ounces by 5%. Javier Cordova, Soma's President and CEO, states, "The team managing the Cordero Mine continues to surpass planned production and expects to exceed guidance for the full [...]
Soma Gold Corp. is pleased to announce that the Company produced 3,035 AuEq ounces and sold 3,139 AuEq ounces of gold during the month of May. Gold recovery for the month was 88.0%. The trend of improving gold recovery rates continues, with a progression from 86.7% in 2021, 87.2% in 2022, to the current year-to-date rate of 88.6% in 2023. Javier [...]
Gold Sales of 6,448 ounces in Q1-2023 - an increase of 52% from Q1-2022 Net Income of $1.2 million on Revenue of $16 million Adjusted EBITDA of $6.8 million Total cash cost per ounce of gold sold decreases to US$893 Soma Gold Corp. is pleased to announce that the Company's first quarter Financial Statements and MD&A have been filed on SEDAR and are [...]
Soma Gold Corp. is pleased to announce that it has acquired a package of new exploration properties totaling 11,160 hectares in Antioquia, Colombia. The property is immediate to the South of, and contiguous with, the Company's existing Zara exploration properties in Antioquia, Colombia. With the addition of the new properties, Soma controls [...]
Record Gold Sales of 23,115 ounces in 2022 $17.3 million in Adjusted EBITDA Made payments of $3.4 million on offtake agreement Invested $9.7 million in the Cordero Mine Total cash cost per ounce of gold produced of US$1,002 Soma Gold Corp. announces financial and operating results for the three and twelve months ended December 31, 2022 . Gold [...]
Soma Gold is pleased to announce that gold production in Q1 2023, at its 100% owned El Bagre, gold mine, was 6,796 AuEq ounces. Production was 99.2% of forecast despite a seven-day interruption during the General Strike in the el Bagre region. Gold production was also 32.6% ahead of the same period last year. Full-year forecast production for 2023 [...]
