Soma Gold is pleased to announce a non-brokered private placement offering of up to 13,043,478 units of the Company at a price of C$1.15 per Unit, for gross proceeds of up to C$15,000,000, with an option to increase the size of the Offering by up to an additional 15%, for total gross proceeds of up to C$17,250,000 if fully exercised. The Offering is being completed pursuant to the amendments to National Instrument 45-106 [...]
Soma Gold announces that it has changed its auditor from Doane Grant Thornton LLP to PricewaterhouseCoopers, effective July 5, 2025. The change in auditors was approved by the Board of Directors to better align audit and advisory services with the Company's growth strategy and evolving operations. The appointment of PwC will be submitted to shareholders for approval at the Company's next Annual General Meeting, scheduled [...]
Soma Gold is pleased to announce that it has signed an Agreement to acquire 100% of the rights derived from the 1,051-hectare Concession Mining Contract No. KB5-15371, together with all associated mining assets, operational, mining and environmental permits, equipment and data, inventory, administrative assets, and more. The agreement is subject only to final legal due diligence and is expected to close in the coming [...]
Rehabilitation of the El Bagre floatation circuit is complete, and full production throughput has resumed. Construction of the additional leach tank at El Bagre Mill is complete with and the oxygen plant, motors, and controls are scheduled to be installed in July. An additional C$1.0 million repayment was made on the Conex Loan. Rehabilitation of the El Limon Mill will be completed by the end of June, with production [...]
Soma Gold is pleased to announce ongoing drill results targeting the "Venus Gap" zone of the Cordero Mine on the Bagre Project. Twelve diamond drill holes, totaling 2,848 meters of underground drilling, were designed to test the dip extent of the Venus Gap Zone. The drilling results outlined in this press release extend the dip of the vein by approximately 135 m downdip. The Cordero Deposit is hosted in the El Carmen [...]
Soma Gold is pleased to announce that the Company's Financial Statements and MD&A for the three months ended March 31, 2025 and 2024 have been filed on SEDAR+ and are also available on the Company's website. Operations Review - Quarter Ended March 31, 2025: Soma produced 6,643 AuEq ounces in 2025-Q1. Income from mining operations was $9.8 million. Net income for the year was $3.2 million. Net income per share was $0.03 [...]
Soma Gold is pleased to announce that its Colombian subsidiary, Operadora Minera, has achieved carbon neutrality for the 2023 reporting period. This milestone makes Operadora the first mining company in Colombia to be certified carbon neutral for Scope 1, 2, and 4 emissions under the internationally recognized PAS 2060:2014 standard. For clarity, Scope 1 refers to direct emissions from owned or controlled sources, Scope 2 [...]
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 [...]
+71,10 %
-76,92 %
