Bullboard - Stock Discussion Forum 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... see more

Add To Watchlist

TSXV:SOMA - Post Discussion

Soma Gold Corp > NEWS this morning

View:

Post by silverT on Jun 12, 2020 6:41am

NEWS this morning

Vancouver, British Columbia--(Newsfile Corp. - June 12, 2020) - Soma Gold Corp. (TSXV: SOMA) (WKN: A14YF1) (OTC: PRSRF)(formerlyPara Resources Inc.) (the "Company" or "Soma") announces that a robbery occurred at the Company's wholly owned La Ye Mine in El Bagre, Colombia, on June 10th. An armed group of individuals entered the mine site after a gold pour but before the dor was transported by helicopter to the refinery in Medellin. No employee was injured during the theft but the thieves were able to steal a dor bar of 475 equivalent gold ounces. The Police and Colombian Military have been to site and an active investigation is underway. The gold was insured and the Company expects a full recovery.

Javier Cordova, the Company's CEO, states, "the thieves took advantage of a change in the protocols during the transition as a result of the recent acquisition of Operadora by Soma. New protocols and a full security review have been instituted."

139