Soma Gold Corp.

Soma Gold Corp. is pleased to announce that one of the Company's diamond drill rigs is being mobilized to its El Limon Mine in Zaragoza, Antioquia, Colombia . A review of historical data from the mine and diamond drilling has revealed the presence of high-grade gold intercepts in the hanging wall and footwall of the mine. The 2024 drill program will focus on determining if the vein extends between these drill intercepts [...]

Soma Gold Corp. is pleased to announce updated results from its 2024 diamond drill program at the Cordero Mine on the Bagre Project in central Colombia . Results from the first nineteen diamond drill holes in this program were previously reported , with geochemical analysis pending for the remaining seven holes. This release includes the results from those seven holes, along with twelve additional drill holes. Cordero [...]

Soma Gold Corp. is pleased to announce the appointment of Hector Manuel Melendez Gomez as the Company's new Country Manager. Mr. Melendez joined Soma's management team on September 1, 2024, and will be responsible for the Company's operations in Colombia. Mr. Melendez, a Mining Metallurgist graduate from the National Autonomous University of Mexico, also holds a master's degree in project management from Valle Mexico [...]

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 sold were US$1,340 for the quarter and US$1,263 for the six months ended June [...]

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 to as the "Cordero Vein." The Cordero Vein has been successfully mined from [...]

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 to ramp up by Wednesday. The Company extends its gratitude to all the [...]

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, driven by community frustration over delays in local road maintenance and [...]

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 resulting in the expected, temporarily higher production costs, which are [...]

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 revised Offtake Agreement provides Soma with an additional US$3 million from [...]

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. Furthermore, it will also augment the 2024 exploration budget, facilitating [...]