Soma sold 7,209 AuEq ounces in Q2-2024 and 14,233 AuEq ounces in the six months ended June 30, 2024 . Revenue for the quarter was up $22.7 million, with $42.0 million for the six months ended June 30, 2024 . EBITDA for the quarter stood at $7.5 million and $13.6 million for the six months ended June 30, 2024 . Total cash costs per ounce of gold [...]
Soma Gold Corp. is pleased to announce initial results from the 2024 diamond drill program at the Cordero Mine on the Bagre Project. Nineteen diamond drill holes, totalling 2,759m of drilling, were completed by underground and surface drill rigs. The drilling to date has targeted the up-dip extension of gold-bearing quartz veins commonly referred [...]
Soma Gold Corp. is pleased to announce that, in cooperation with the Mayor and Municipality of Zaragoza and the local community, the issues pertaining to the paving of a local road have been resolved, and the blockade has now been lifted. The Company's workers will return to work for the Wednesday morning shift, and regular production is expected [...]
Soma Gold Corp. announces a temporary suspension of mining and processing activities at its el Bagre mine and mill in Antioquia, Colombia, due to a community blockade. This action by the local community has restricted access for employees and supplies, leading to a Care and Maintenance status for the site. The blockade began on Wednesday, July 3 [...]
Soma produced 7,335 AuEq ounces in Q1-2024 - an 8% increase over the 6,796 AuEq ounces produced in Q1-2023. Revenue for the quarter was up 21% to $19.3 million. Adjusted EBITDA was $6.3 million for the quarter, which was largely consistent with $6.8 million in Adjusted EBITDA recorded in Q1-2023. Transition to new Mining Method progressed in Q1 [...]
Goldlogic Corp. , a subsidiary of Sunvalley Company DMCC is pleased to announce an amendment to its offtake agreement with Soma Gold Corp. . The amendment includes an additional US$3 million advance to facilitate Soma's development work at the Aurora Mine and increase their 2024 exploration budget. Details of the Amended Offtake Agreement The [...]
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 [...]
