Business
SOMA GOLD REPORTS 2ND QUARTER 2023 FINANCIAL RESULTS
SOMA GOLD REPORTS 2ND QUARTER 2023 FINANCIAL RESULTS Canada NewsWire Increa...
About this update from Soma Gold Corp.
[{"type":"text","content":"\n \n \n \n SOMA GOLD REPORTS 2ND QUARTER 2023 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.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; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\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 Increases of 18% and 30% in gold sales over Q2 - 2022 and H1 – 2022 respectively (8,943 ounces and 15,391 ounces respectively).\n \n \n \n \n \n \n Net Income for H1 - 2023 of\n \n $4.8 million\n \n on revenue of\n \n $39.0 million\n \n .\n \n \n \n \n \n \n Adjusted EBITDA\n \n (1)\n \n of\n \n $10.3 million\n \n and\n \n $17.0 million\n \n in Q2 – 2023 and H1 – 2023 respectively, compared to\n \n $7.48 million\n \n and\n \n $11.15 million\n \n in the same period in 2022, respectively.\n \n \n \n \n \n \n Total cash cost per ounce of gold sold in Q2-2023 was\n \n US$907\n \n \n (1)\n \n and\n \n US$901\n \n for H2-2023.\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Aug. 29, 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 second quarter Financial Statements and MD&A have been filed on SEDAR and are available at the following link:\n \n https://bit.ly/47TOs8u\n \n .\n \n \n \n Operations Review – H1 2023\n \n \n \n \n Total production of 15,391 ounces of gold primarily from the Cordero Mine and the el Bagre Milling Operations.\n \n \n Codero Operations had attributable gold production at a Cash Cost of\n \n US$907\n \n and an AISC of\n \n US$1,050\n \n per ounce.\n \n \n Income from mining operations of\n \n $16.4 million\n \n .\n \n \n EBITDA of\...