Soma Gold Corp. is pleased to provide an update on the ongoing exploration program at the Psyche 2 target area, including the Colossa Mine, on the Machuca Project in Antioquia, Colombia . Psyche 2 is a target area that was identified through high-grade stream sediment samples and the presence of informal, small-scale mines . Continued prospecting has extended the previously identified strike length of the [...]
Revenue for the year was $89.4 million - an increase of 10% from 2023. Revenue for 2024-Q4 was $24.9 million - an increase of 29% from 2023-Q4. Net income for the year was $4.2 million - an increase of 51% from 2023. EBITDA for the year was $33.2 million - an increase of 7% from 2023. EBITDA for 2024-Q4 was $10.5 million, compared to $5.2 million in 2023-Q4. Soma sold 27,688 AuEq ounces in 2024, compared to 31,769 in [...]
Highlights: Q1 AuEq production of 6,643 ounces, in line with budgeted ounces of 6,636. Soma made a payment of $2.5 million on the Conex Loan. Rehabilitation of the El Limon Mill is on schedule, under budget, and expected to be operational by mid-June. Formalization of small miners on Soma's property continues, with two mines preparing to transport material to the El Limon Mill once rehabilitation is complete. Soma, in [...]
Soma Gold is pleased to announce that it has completed the purchase of two additional mining concessions from Grupo de Bullet SAS. These concessions are contiguous to the mining concession acquired by Soma's Colombian subsidiaries on May 10, 2023. The consideration for the acquisition was US$50,000 plus a 2% NSR, which may be reduced to 1% at any time through a US$1 million payment. These concessions follow the OTU Fault [...]
Soma Gold Corp. is pleased to announce it has commissioned an airborne magnetic and radiometric geophysical survey over five key exploration projects along the Otu Fault. Soma's exploration team is confident that the higher-resolution geophysics, achieved through 100 metres spaced lines, will enhance the structural interpretation of the Otu Fault and its associated higher-order faults that control gold-bearing quartz [...]
Soma Gold Corp. announces, subject to regulatory approval, that it has granted a total of 1,425,000 stock options to its directors, officers, and employees, as well as 105,000 RSUs/DSUs to independent directors of the Company, under its equity incentive plan. The stock options vest immediately and are exercisable at a price of $0.50 per share, expiring five years from the date of grant. ABOUT SOMA GOLD Soma Gold Corp. is [...]
Soma Gold is pleased to announce that the Company produced 27,460 oz of AuEq and sold 27,668 AuEq oz during 2024. This represents 92.4% of the 2024 budgeted production at the Cordero Mine. Additionally, the Company announces that it is in advanced discussions to purchase up to 200 TPD of mineralized rock mined at the Zancudo Mine, 100% owned by Denarius Metals Corp. This arrangement will begin generating production and [...]
Soma Gold is pleased to announce that all matters submitted to the shareholders for approval as set out in the Company's Notice of Meeting and Information Circular, both dated Nov 4, 2024, were approved by the requisite majority of votes with 64.49% of eligible votes cast at the Company's Annual General Meeting held on Monday, December 9, 2024. The Company also announces that it has granted an aggregate of 200,000 stock [...]
Revenue for the quarter was $22.4 million and $64.4 million for the nine months ended September 30, 2024 EBITDA for the quarter was $9.1 million and $22.7 million for the nine months ended September 30, 2024 Soma sold 6,612 AuEq ounces in Q3-2024 and 20,845 AuEq ounces in the nine months ended Total cash costs per ounce of gold sold were US$1,256 for the quarter and US$1,261 for the nine months ended The average realized [...]
Soma Gold Corp. advises shareholders to cast their votes online or via telephone for the Company's upcoming Annual General Meeting, scheduled for December 9, 2024. Due to the ongoing postal strike in Canada, and with the proxy cut-off deadline set for December 5, 2024, the Company encourages shareholders to utilize digital or telephonic voting options to ensure their participation. The proxy form, which can be accessed [...]
Soma Gold Corp. is pleased to announce the appointment of Terry Krepiakevich, FCPA, FCA, ICD.D, to its Board of Directors, effective immediately. Mr. Krepiakevich brings a wealth of experience in financial oversight, corporate governance, and strategic leadership that will significantly strengthen Soma's Board as the Company continues to grow its operations. Mr. Krepiakevich's extensive career spans over a decade in [...]
Soma Gold is pleased to announce initial results from the 2024 diamond drill program targeting the "Venus Gap" at the Cordero Mine on the Bagre Project. Ten diamond drill holes, totaling 1,476m of underground drilling, were targeted to infill a gap in the historic drilling north of the Venus Vein. Previously, mining on the Venus Vein encountered a complex zone of mafic dykes and lower-grade, thin anastomosing quartz veins [...]
+4700,00 %
-97,06 %
