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Soma Gold Corp. (V:SOMA)

Business Focus: Gold Mining

INK Edge Outlook

Mostly sunny as of June 01, 2024
For the latest outlook, get the company report

Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEDI filings for SOMA within the last 6 months
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Company News

Jun 03, 2024 05:20 ET
SOMA GOLD REPORTS FIRST-QUARTER FINANCIAL RESULTS AND OPERATING HIGHLIGHTS
Soma produced 7,335 AuEq ounces in Q1-2024 – an 8% increase over the 6,796 AuEq ounces produced in Q1-2023. Revenue for the quarter was up 21% to $19.3 million. Adjusted EBITDA(1) was $6.3 million for the quarter, which was largely consistent with $6.8 million in Adjusted EBITDA(1)  recorded in Q1-2023.  Transition to new Mining Method progressed in Q1 resulting in the expected, temporarily higher production costs, which are expected to fall in Q2 and for the balance of the yearTotal cash costs per ounce of gold sold(1) was US$1,192, and the average realized cash margin(1) was US$894, compar
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May 21, 2024 05:20 ET
SOMA GOLD AMENDS GOLD LOAN WITH SUN VALLEY GROUP TO INCREASE 2024 EXPLORATION BUDGET
VANCOUVER, BC, May 21, 2024 /CNW/ - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the "Company" or "Soma") is pleased to announce that the Company has amended its offtake agreement (the "Offtake Agreement") with Goldlogic Corp. ("Goldlogic" - formerly Nueva Granada Gold Corp.) and MVPR International Incorporated, dated September 4th, 2020, by securing an additional US$3 million. The proceeds will be used to complete the development work at the Aurora Mine, with the aim of commencing production in Q3 2024. Furthermore, it will also augment the 2024 exploration budget, facilitating
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Valuation Ratios

Industry
Sector
Beta
2.14
--
--
Price to Sales - TTM
0.62
4.28
4.82
Price to Book - most recent quarter
3.43
1.91
2.01
Price to Cash Flow per share - TTM
3.69
11.10
10.32
Price to Free Cash Flow per share - TTM
30.83
26.90
19.13
See all valuations

Short Report

DateNumber of Shares ShortedNet Change
May 31, 20241,179852
May 15, 2024327-14,029
Apr 30, 202414,3567,808
See Short Report

Business Summary

Sector:  Basic Materials Industry:  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) copper/gold exploration project, which is located in the Carajas metallogenic province in the State of Para, Brazil.

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