Soma Gold Corp. announces, subject to regulatory approval, the grant of a total of 1,662,000 stock options to directors of the Company to purchase common shares of the Company in accordance with its Equity Incentive Plan. The options vest immediately and are issued at an exercise price of 35 cents per common share and expire five years from the date of issuance. Upon completion of this grant, there will be 5,249,500 [...]
Soma Gold Corp. is pleased to announce that on December 9th, 2021, its Colombian subsidiary, Operadora Minera SAS received an Award for Environmental Sustainability in the A Category, given by CORANTIOQUIA, Antioquia's Environmental Authority. This award recognizes Operadora's efforts to go beyond the current legal regulations and to implement the highest level of environmental best practices. In addition, the award [...]
Soma Gold Corp. is pleased to announce that the Q3 2021 Financial Statements and MD&A have been filed on SEDAR and are available at the following link: www.sedar.com Selected Results for Q3 - 2021 Q3 - 2021 YTD Sep 30, 2021 Q3 - 2020 YTD Sep 30, 2020 Revenue 11,258,071 29,370,392 11,056,402 12,646,760 Income from mine operations 4,965,255 9,715,001 5,105,363 4,898,738 Adjusted EBITDA 4,331,016 8,690,187 3,495,543 [...]
Soma Gold Corp. is pleased to announce final drilling results for the in-fill and near-mine exploration program at the Company's Cordero Project in Antioquia, Colombia. Highlights 20,786m of drilling completed in program Drilling results have expanded known gold mineralization 600m along strike and 150 meters down-dip High-grade mineralization remains open down-dip and to the north Maximum intersection grade of 60.72 g/t [...]
The average head grade mined to date at the Cordero Mine was approximately 9.0 gpt Soma Gold Corp. is pleased to announce that gold production for the Quarter ended September 30, 2021, was 5,289 ounces compared to 3,866 ounces in the Quarter ended June 30, 2021. The increase in production was attributable to the feed from the newly opened Cordero Mine, supplementing the feed from the Mangos and La Ye Mines. The average [...]
Soma Gold Corp. is pleased to announce that 1,968.2 AuEq ounces were produced at the Company's El Bagre mill during the month of August. The average head grade during the month was 5.65 gpt, a 19% increase from the average year to date head grade of 4.76 gpt. Of the 12,191.82 tonnes milled at the El Bagre plant during the month of August, 1,240.87 tonnes were sourced from the new Cordero Mine. This production represents [...]
Soma Gold Corp. is pleased to announce that the Q2 2021 Financial Statements and MD&A have been filed on SEDAR and can be viewed on the Company's website and on www.sedar.com . Table includes non-IFRS financial performance measures - see note below. Highlights of the Quarter Mine Operating profit for Q2 2021 was $1.8 million and YTD was $4.75 million. Gross Revenue for the Quarter was $8.4 million and YTD was $18.1 [...]
Soma Gold Corp. is pleased to announce new drilling and channel sampling results for the on-going exploration program at the Estrella-Diamantina mineralized trend within the Company's Zara property in Antioquia, Colombia. Highlights Drilling results have extended the mineralized zone over 155m below the deepest level of the Diamantina mine. Multiple +10g/t Au channel samples taken from the Diamantina mine . Drill hole [...]
The Atena Portal accessing level 2 at the Southern end of the Cordero Mine is scheduled to be completed by September 2021 Soma Gold Corp. is pleased to announce that the construction of the Fenix Portal, accessing the Cordero mine, has reached Level 2, encountering the vein as expected and allowing the beginning of mining operations. Additional development work is needed to drift along Level 2 to allow access to the [...]
Soma Gold Corp. is pleased to announce that it is participating in a program initiated by leading Colombian companies in cooperation with the Colombian Government to provide Covid-19 vaccinations to its employees working at the Company's El Bagre mine site and their families. This program includes acquiring, importing and administering the vaccines at a clinic in El Bagre. The Company also announces that during the second [...]
Soma Gold Corp. is pleased to announce that the Executive Chairman, Geoffrey Hampson and President and CEO, Javier Cordova, will speak about Soma's June 2021 presentation including updates on recent drilling results, construction progress and upcoming milestones. Registration Details: Date: Wednesday, June 30th, 2021 Time: 11 AM EST Register: RegisterSoma Management will be available to answer any questions following the [...]
Soma Gold Corp. is pleased to provide a corporate update on the various activities and accomplishments of the Company. Highlights Q1 2021 Revenue of $9.75 million, generating EBITDA of $3.16 million and adjusted EBITDA of $3.22 million for the Quarter. Drilling results at the Cordero deposit have expanded known gold mineralization 120 meters down-dip from the current resource, where vein continuity and high grade remains [...]
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