SOMA GOLD REPORTS 2024 YEAR-END FINANCIAL RESULTS AND OPERATING HIGHLIGHTS

About this update from Soma Gold Corp.

[{"type":"text","content":"\n\n\n\n SOMA GOLD REPORTS 2024 YEAR-END FINANCIAL RESULTS AND OPERATING HIGHLIGHTS\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 0pt; BORDER-RIGHT:black 0pt; BORDER-BOTTOM:black 0pt; BORDER-LEFT:black 0pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Revenue for the year was\n \n $89.4 million\n \n – an increase of 10% from 2023.\n \n Revenue for 2024-Q4 was\n \n $24.9 million\n \n – an increase of 29% from 2023-Q4.\n \n\n\n\n\n\n Net income for the year was\n \n $4.2 million\n \n – an increase of 51% from 2023.\n \n\n\n\n\n\n EBITDA\n \n (1)\n \n for the year was\n \n $33.2 million\n \n – an increase of 7% from 2023.  EBITDA\n \n (1)\n \n for 2024-Q4 was\n \n $10.5 million\n \n , compared to\n \n $5.2 million\n \n in 2023-Q4.\n \n\n\n\n\n\n Soma sold 27,688 AuEq ounces in 2024, compared to 31,769 in 2023. In 2024-Q4 6,823 AuEq ounces were sold compared to 7,266 AuEq ounces in Q4-2023.\n \n\n\n\n\n\n Total cash costs per ounce of gold sold\n \n (1)\n \n were\n \n US$1,253\n \n for the fourth quarter and\n \n US$1,259\n \n for the full year.\n \n\n\n\n\n\n The average realized cash margin\n \n (1)\n \n was\n \n US$1,431\n \n for the fourth quarter and\n \n US$1,152\n \n for the full year.\n \n\n\n\n\n\n EBITDA\n \n (1)\n \n per share was\n \n $0.11\n \n for the fourth quarter and\n \n $0.36\n \n for the full year.\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n May 1, 2025\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 Financial Statements and MD&A for the year ended\n \n December 31, 2024\n \n , and 2023 have been filed on SEDAR+ and are also available on the ...

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