Soma Gold 3rd quarter financial numbers shows a record amount of gold ounces sold

About this update from Soma Gold Corp.

[{"type":"text","content":"Soma Gold 3rd quarter financial numbers shows a record amount of gold ounces sold\n \n \n (NewsDirect)\n \n \n \n \n Soma Gold CEO Javier Cordova joined Steve\nDarling from Proactive to provide an update on the company’s\nthird-quarter financial numbers. That included reporting significant\nproduction and sales growth.\n \n \n The\ncompany achieved total gold production of 24,839 ounces from the\nCordero Mine and the El Bagre Milling Operations. Sales saw a\nsubstantial increase, with ounces sold up by 66% from the third\nquarter of 2022, reaching a record of 9,112 ounces, and a 42% increase\nover the nine months to 24,503 ounces.\n \n \n Cordova highlighted a solid financial performance, with net\nincome for the third quarter reaching $3.2 million from a revenue of\n$22.8 million. The company's Adjusted EBITDA stood at $9.6 million\nfor the quarter and $26.7 million for the nine months ending September\n30, 2023. These figures represent a significant improvement over the\n$3.8 million and $15.0 million reported in the corresponding periods\nof 2022.\n \n \n Looking forward, Soma Gold is aiming for a strong\nyear-end finish and is focused on ramping up production to achieve an\nambitious growth target for the year. A crucial component of this\nstrategy is the restart of the El Limon Mill, which is expected to\nincrease production capacity significantly and lay the groundwork for\na sustained increase in gold output into 2024 and\nbeyond.\n \n \n \n Contact Details\n \n \n \n Proactive Canada\n \n \n +1\n604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2049,"tagName":"div"}]

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