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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 > Highest Close in Nearly 2 Years
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Post by tobinator01 on Jan 24, 2023 4:54pm

Highest Close in Nearly 2 Years

It looks as though investors are beginning to find Soma and like their fundamentals.  Nothing says buy like strong cash flow and produciton growth profile when your product has risen $320 per ounce in two months.

I thought I found another high value Gold miner like Soma.  My tail started to wag as I began due dilligence of Elevation Gold Mining.  My tail quickly went firmly between my legs when I found out their AISC is over $2000/ounce.  Why would anyone produce Gold with costs that high?  Essentially, you lose money for every ounce you mine.
Comment by gossamer18 on Jan 25, 2023 1:20am
This post has been removed in accordance with Community Policy