Soma Gold Corp. is pleased to announce that it has completed the next phase of the infill drilling on the Cordero-Balvina deposit. The decline access into the vein system is continuing with production expected in June or July. Javier Cordova, Soma's President and CEO, states, "It is gratifying to see that the system we will be mining appears to continue on strike to the North and down-dip. The gold grades and the vein [...]
Soma Gold Corp. is pleased to announce that the gold production at the Company's Operadora subsidiary exceeded the planned 1,361 ounces by 22.2 %, with a total production of 1,663 ounces of Au. In addition, the Fenix Portal, which will give the Company access to the Balvina Cordero deposit, is approximately 35% of the way to reaching the ore body at Level 3. This first phase of the decline totals 890 meters. The decline [...]
Soma Gold Corp. is pleased to announce that its wholly-owned subsidiary, Operadora Minera S.A.S. produced 17,179 AuEq ounces in 2020, ahead of a budget of 15,479 AuEq ounces, a 10.98% improvement over budget. The Cordero-Balvina portal, which commenced construction at the end of September 2020, advanced by over 200 meters as of December 31st 2020. The construction of the portal is approximately 75 - 90 days behind [...]
Soma Gold Corp. 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 November 17, 2020, were approved by the requisite majority of votes with 72.11% of eligible votes cast at the Company's Annual General Meeting held on Tuesday, December 22, 2020. The Company is also pleased to announce the appointment of Ms [...]
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 intersected 1.2m of 10.34 g/t gold. The new portal for accessing the [...]
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 ounces at an average price of US$1,874 per ounce against the 2020 forecast [...]
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 between the Balvina Norte extension and the El Limon - Renacer trend. The [...]
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 operator of the El Limon Mine located in Antioquia, Colombia. Soma [...]
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 Zaragoza and El Bagre municipalities. The El Bagre underground gold operation [...]
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: https://orders.newsfilecorp.com/files/3819/65309_bd9ec340243e7afb_001full.jpg [...]
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 advanced Soma US $4.5 million of the US $5.0 million Soma will sell its [...]
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 completed by Q1 2021, although production of mineralized rock will be processed at [...]
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