SOMA GOLD REPORTS 1ST QUARTER FINANCIAL RESULTS

About this update from Soma Gold Corp.

[{"type":"text","content":"\n \n \n \n SOMA GOLD REPORTS 1ST QUARTER FINANCIAL RESULTS\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prnrbrb0{\nBORDER-RIGHT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnpr4{\nPADDING-RIGHT:0.33em\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnsbtb0{\nBORDER-TOP:black 0pt\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsbbb0{\nBORDER-BOTTOM:black 0pt\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnsblb0{\nBORDER-LEFT:black 0pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Gold Sales of 6,448 ounces in Q1-2023 – an increase of 52% from Q1-2022\n \n \n \n \n Net Income of\n \n $1.2 million\n \n on Revenue of\n \n $16 million\n \n \n \n \n \n Adjusted EBITDA\n \n (1)\n \n of\n \n $6.8 million\n \n \n \n \n \n Total cash cost per ounce of gold sold decreases to\n \n US$893\n \n \n (1)\n \n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n May 30, 2023\n \n \n /CNW/ -\n \n Soma Gold Corp.\n \n (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the \"\n \n Company\n \n \" or \"\n \n Soma\n \n \") is pleased to announce that the Company's first quarter Financial Statements and MD&A have been filed on SEDAR and are available at the following link:\n \n https://bit.ly/Soma2023Q1Financials\n \n .\n \n \n \n Highlights of the Quarter:\n \n \n \n \n Cordero Mine declares commercial production as of\n \n January 1, 2023\n \n (see news release dated\n \n January 11\n \n , 2023).\n \n \n Sales of 6,448 gold equivalent ounces – the second-highest sales number in Soma's history.\n \n \n Revenue of\n \n $16.0 million\n \n , income from mine operations of\n \n $6.6 million\n \n and Net Income of\n \n $1.2 million\n \n all show significant improvements from the comparative quarter of 2022 (63%, 59% and 377% increases, respectively).\n \n \n Adjusted EBITDA\n \n (1)\n \n of\n \n $6.8 million\n \n compared to\n \n $3.7 million\n \n in Q1-2022.\n \n \n Total cash costs per ounce of gold sold of\n \n US$893\n \n \n (1)\n \n compared to\n \n US$910\n \n in Q1-2022.\n ...

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