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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), a copper/gold exploration project, which is located in the Carajas metallogenic province in the State of Para, Brazil. Its exploration projects include the Nechi Project, the Zara Project, and the Otu Project.


TSXV:SOMA - Post by User

Comment by tobinator01on Jan 19, 2023 3:49pm
118 Views
Post# 35234126

RE:RE:Soma now at 52-week high

RE:RE:Soma now at 52-week highI by and large agree with your opinion concerning the cash flow and earnings growth potential of Soma over the long haul.  I'd prefer Soma pay down their high interest debt first to clean up their balance sheet.  Share price growth is a priority if they want to fund expansion of their milling capacity to the full 1475 tpd.  With Soma over $1, they could fully fund mill and the required equipment expansion with a small amout of dilution.
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