Bullboard - Stock Discussion Forum 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... see more

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TSXV:SOMA - Post Discussion

Soma Gold Corp > Horrible Q2 earnings

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Post by AlfTanner on Aug 29, 2024 10:12am

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.

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