Soma Gold Corp. (V:SOMA)
Business Focus: Gold Mining
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | Suite 970-1050 West Pender Street VANCOUVER BC V6E 3S7 |
| Tel: | N/A |
| Website: | https://www.somagoldcorp.com |
| IR: | See website |
| Key People | ||
| C. Geoffrey Hampson Executive Chairman of the Board, Interim Chief Executive Officer | Javier Cordova President, Director | Gregory Hayes Chief Financial Officer |
| Business Overview |
| 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) copper/gold exploration project, which is located in the Carajas metallogenic province in the State of Para, Brazil. |
| Financial Overview |
| For the nine months ended 30 September 2023, Soma Gold Corp revenues increased 56% to C$61.8M. Net income increased from C$2.4M to C$8.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income benefited from Foreign exchange loss decrease of 36% to C$299K (expense), Investor relations decrease of 59% to C$68K (expense). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $82.31M as of Sep 30, 2023 |
| Annual revenue (TTM): | $75.07M as of Sep 30, 2023 |
| EBITDA (TTM): | $28.14M as of Sep 30, 2023 |
| Net annual income (TTM): | $5.89M as of Sep 30, 2023 |
| Free cash flow (TTM): | $0.58M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $27.88M as of Sep 30, 2023 |
| Shares outstanding: | 91,348,487 as of Sep 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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