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 Corp. 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 [...]
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 [...]
Soma Gold Corp. announced today that it has signed a mutual collaboration agreement with CORANTIOQUIA, the Environmental Authority of the Province of Antioquia, to promote environmental voluntary activities in Zaragoza and El Bagre, Antioquia. Under the agreement, Soma Gold Corp., operating through its wholly-owned subsidiary Operadora Minera [...]
Soma Gold Corp. announces, subject to regulatory approval, the grant of a total of 800,000 stock options to employees of the Company to purchase common shares of the Company in accordance with its Equity Incentive Plan. 300,000 options vest immediately, 500,000 options vest in halves over two years, and all are issued at an exercise price of 46 [...]
Soma Gold Corp. is pleased to announce that the civil disturbance, which had rendered the roads leading to and surrounding the El Bagre Gold Mining Complex unsafe for the Company's employees, has been resolved. As a result, employees are gradually returning to work, and the mining and milling operations will resume at the earliest convenience [...]