Soma Gold Corp V.SOMA

Alternate Symbol(s): SMAGF

Metals & Mining Gold

Soma Gold Corp. is a Canada-based mining company. The Company is focused on gold production and exploration. It is engaged in the business of acquiring, exploring, developing, and operating mining properties in South America. It owns two adjacent mining properties in Antioquia, Colombia with a combined milling capacity of 675 tpd. The Company's principal operation is the El Bagre Gold Mining Complex (El Bagre), which consists of an operating gold processing plant (the El Bagre Mill) and the Cordero underground mine. The El Limon Project (El Limon) is adjacent to the El Bagre Project and includes a past producing underground mine and a gold processing plant with a capacity of approximately 225 tpd. The Company also owns an exploration property, Tucuma Exploration Project (Tucuma) copper/gold exploration project, which is located in the Carajas metallogenic province in the State of Para, Brazil.

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Soma Gold Corp > 2 Million Dollar ebita / month and more to come !

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Comment by tobinator01on Aug 17, 2022 8:07pm

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Post# 34903655

RE:2 Million Dollar ebita / month and more to come !

Go to their website and see their August Presentation. Key notables:

1. Resources have gone up from 170,000 ounces to 410,000 ounces. Mine life went from 7 to 10 years. Expect both resources and mine life to go up this quarter after 43-101 is updated for Cordero.

2. Insiders own 71% of the company.

3. 36,000 ounces for 2023 up from 30,000 ounces in 2022.

4. At the end of Q4, 2022 AISC is expected to be under $900/ounce. This will go lower in 2023. I believe industry average is $1400/ounce AISC.

5. Making payment on debt in Q4, 2022. Expecting debt gone by mid 2024.

6. Have goal of expanding production to 75,000/year by 2025 by increasing mill capacity.

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