Soma Gold Corp. is pleased to provide an update on the 2020 drilling and construction programs at the Cordero-Balvina Project – part of Soma's wholly-owned El Bagre Gold Mining Complex. Highlights: Completed 14,783 m of the planned 15,000m 2020 drill program. Drill hole BCDDH_20_094 intersected 2.0m of 8.10 g/t gold. Drill hole BCDDH_20_096 [...]
Soma Gold Corp. is pleased to announce that the Company has produced its first quarterly net profit. Highlights of the Three and Nine Months to September 30, 2020 Tons mined in quarter of 33,267 tons against plan of 38,064 tons and Tons milled of 36,920 tons against plan of 37,141 tons Revenue of $11,056,402 made up of quarterly gold sales of 4,427 [...]
Soma Gold Corp. announces that its wholly-owned subsidiary, Operadora Mineras S.A.S. produced 1,610 ounces of Au in October, ahead of a budget of 1,204 ounces. The Company sold 1,471 ounces at an average price of US $1,843 per ounce Au during the month. During October, Soma completed 808 meters of additional exploration drilling, which was split [...]
Soma Gold Corp. is pleased to announce that is has entered into a share purchase agreement with two arm's length parties, Mineral FF S.A.S. and Rulvix Holding, to purchase the 25,992 common shares in the capital of Four Points Mining. As a result of the Agreement, Four Points will become a 100% owned subsidiary of Soma. Four Points is the owner and [...]
Soma Gold Corp. announced today the results of the next phase of the ongoing drilling program to delineate the northern extension of the Cordero - Balvina mine on the El Bagre Project. About the El Bagre mining project The underground gold project is located 167km northeast of Medellin, in the department of Antioquia, within the jurisdiction of [...]
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 [...]