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Bullboard - Stock Discussion Forum 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... see more

TSXV:SOMA - Post Discussion

Soma Gold Corp > fantastic quarter for soma gold !
View:
Post by austrochris on Sep 06, 2022 7:03am

fantastic quarter for soma gold !

Incredible good - 7,5 Million Ebitda ! Wow !
And more to come !
 Income from mining operations was $8.0 million for the quarter compared to $4.2 million in the previous quarter – an increase of 93%.
  • Adjusted EBITDA(1) doubled to $7.5 million for the quarter compared to $3.7 million in Q1-2022.
Comment by tobinator01 on Sep 08, 2022 1:17pm
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 ...more  
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