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.

TSXV:SOMA - Post by User

Soma Gold Corp > Horrible Q2 earnings

<< Previous

Bullboard Posts

Next >>

Post by AlfTanneron Aug 29, 2024 10:12am

269 Views

Post# 36201071

Horrible Q2 earnings

Gold averaged $2338 in Q2, and Soma could not even make a profit. The mine seems to have self destructed with low production and costs through the roof. They are not meeting any of their growth goals either. Everything is getting pushed out. Just one year ago, the promised investors 47k ounces in 2024. Now they are expecting 32.5k ounces. What a disaster. Management cannot even come close to keeping their promises even with the price of gold cooperating.

<< Previous

Bullboard Posts

Next >>

E3 inches closer to Alberta's first lithium production plant