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 > Annual Meeting Presentation Cheat Sheet

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Comment by ThelastSilverRon Dec 23, 2022 5:17am

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Post# 35188888

RE:Annual Meeting Presentation Cheat Sheet

Thanks for the summary! I also think management will not accept a cheap offer. Their average cost per share is a lot higher than the current price. I see 90K-100K production/year in 3 years and a resource of at least 1 million oz. I am also convinced that further in the future they will purchase a producing asset with the collected money.

I also found it interesting to hear that they can now start drilling from underground with the current mine construction.

I wouldn't be surprised if they pay a dividend at the end of 2023 with this amount of cash flow.

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