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Soma Gold Corp V.SOMA

Alternate Symbol(s):  SMAGF

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.


TSXV:SOMA - Post by User

Comment by tobinator01on Sep 08, 2022 1:17pm
146 Views
Post# 34949849

RE:fantastic quarter for soma gold !

RE:fantastic quarter for soma gold !We should be seeing EBITDA and earnings growth every quarter for the next year.  Looking at their presentation, Q1, 2023 should report over 9000 ounces produced with declining cash costs.  The reason is they will be milling increasingly more tonnage and turning on a moth balled mill.

They have been promising an updated 43-101 for Cordero for in the present quarter.  Thus far, Cordero has been coming up very high grades of Gold.  It's completely open on strike and could really prove to be a multi-million ounce resource in 3 - 6 years of exploration.

I really like they are producing and using the ground production to pay for the exploration.  About 99% of all gold mining micro-caps use the stock market to fund exploration.
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