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), 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.

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Post by tobinator01on Aug 29, 2023 5:17pm

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Post# 35610743

Soma Gold Chart

Soma is one of the best performing Gold mining stocks this year at +115% YTD. We will be getting the Q2 earnings report within the next couple of weeks. Most companies will preannounce an earnings date and set up a conference call.

C$0.74 is the highest price the stock has been in 3 years. Soma is just a whisper below that now at C$0.71. With C$0.66 warrants expiring in 7 weeks, we could see the stock price stall out IF the warrant holders intend to sell stock to fund exercise. Eitherway, post October 16th, there will no longer be any potential overhang on the stock price.

Soma Gold Chart

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