Soma Gold Corp. and C. Geoffrey Hampson of Vancouver, B.C., announce that Hampson has acquired Shares of the Company pursuant to various private transactions. On January 14, 2022, Hampson acquired 1,620,000 Shares at a price of $0.25 per share for aggregate consideration of $405,000. On May 13, 2022, Hampson acquired ownership and control over 31,667 Shares at a price of $0.31 per share for aggregate consideration of [...]
INSIDERS EXERCISE WARRANTS Soma Gold Corp. is pleased to announce that gold production at the Company's El Bagre, Colombia, gold mine has set a new monthly record with 2,383 AuEq ounces produced and sold during May. Year-to-date 2022 production through the end of May is 9% ahead of the 2022 plan and 33% ahead of 2021 production. The Company also announces that construction of the Cordero Mine is only several weeks away [...]
Soma Gold Corp. is pleased to announce that the Company's first quarter Financial Statements and MD&A have been filed on SEDAR. Highlights of the quarter Gold production rose to 5,005 ounces - an increase of 6% from the prior quarter and 15% from Q1-2021. Income from mining operations was $4.2 million for the quarter compared to $2.6 million in the prior quarter and $3.0 in Q1-2021. Adjusted EBITDA increased to $3.7 [...]
Soma Gold Corp. is pleased to announce new drilling results from the ongoing exploration program at the Estrella-Diamantina mineralized trend within the Company's Zara property in Antioquia. Highlights Drilling and channel sampling has defined a mineralized zone over 500m in strike length and 250m down-dip centered around the historic artisanal Diamantina Mine. Best drill intercepts being reported include: Drill hole [...]
Soma Gold Corp. is pleased to announce that the Company's 2021 Financial Statements and MD&A have been filed on SEDAR. 2021 Financial Highlights 73% increase in gross revenues from the same period in 2020 to $40 million. Income from mining operations was $12.5 million for the year compared to $8.4 million in 2020. Adjusted EBITDA was $11.3 million for the year and $2.6 million for the 4th quarter. An 8% increase in gold [...]
Soma Gold Corp. is pleased to announce that it has entered into a Property Option Agreement with Angra Metals Mineração Ltda. and Ero Copper Corp. pursuant to which the Optionors agreed to grant to Ero an option to purchase 100% of the legal and beneficial interest in the Tucumã Properties, located in the Carajás province in the State of Pará, Brazil . Pursuant to the Agreement, Ero can acquire a 100% interest in the [...]
Soma Gold Corp. is pleased to provide a Corporate Update. HIGHLIGHTS 1. Phase 2 of the 5-year exploration plan conducted in 2022 at the Company's properties in Antioquia, Colombia has been approved as follows: 20,000 meters of drilling, fully funded from cash flow. Systematic soil and stream sediment sampling program covering an area of 4,500Ha of land. 16.4 km of ground geoelectrical survey for Estrella-Diamantina [...]
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 [...]
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