Soma Gold Corp. announces that the Company's second quarter Financial Statements and MD&A have now been filed on SEDAR+ and can be viewed using the following link: bit.ly/3YYiuUw. The Company also advises readers to note that there was a typographical error in the Press Release dated August 29th, 2023. That Press Release should have stated that the AISC for the Quarter and the First Half ending June 30, 2023 were $1,268 [...]
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 per ounce of gold sold in Q2-2023 was US$907 and US$901 for H2-2023. [...]
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 for the same period. Javier Cordova, Soma's President and CEO, states [...]
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 is pleased to provide an update on the planned 2023 exploration program [...]
Soma Gold 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 full year. We are very pleased as our operations at Cordero transition from 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 Cordova, Soma's President and CEO, states, "The Cordero Mine is operating [...]
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 available at the following link: https://bit.ly/Soma2023Q1Financials [...]
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 approximately 60% of a 100 km long extensively mineralized trend that stretches [...]
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 equivalent ounces produced during the year from its 100% owned El Bagre [...]
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 remains unchanged at 35,500 AuEq ounces. Javier Cordova, President and CEO [...]
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,, S.A.S., joined CORANTIOQUIA's "EcoSchools Program" - ECOESCUELAS, in the rural [...]
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 cents per common share. 300,000 options expire five years, and 500,000 options [...]
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