SOMA GOLD REPORTS 3rd QUARTER 2023 FINANCIAL RESULTS

About this update from Soma Gold Corp.

[{"type":"text","content":"\n \n \n \n SOMA GOLD REPORTS 3rd 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.prnsbbb1{\nBORDER-BOTTOM:black 1pt\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prnvat{\nVERTICAL-ALIGN: TOP\n}\n.prnsblb1{\nBORDER-LEFT:black 1pt\n}\n.prnsbtb1{\nBORDER-TOP:black 1pt\n}\n.prnpr2{\nPADDING-RIGHT:0.17em\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prnrbrb1{\nBORDER-RIGHT:black 1pt\n}\n.prnpl2{\nPADDING-LEFT:0.17em\n}\n.prnml40{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:3.33em !IMPORTANT\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Ounces sold increased by 66% compared to Q3-2022 (to a record 9,112 ounces) and 42% over the nine months ended\n \n September 30, 2023\n \n (to 24,503 ounces)\n \n \n \n \n Net Income for Q3 was\n \n $3.2 million\n \n on revenue of\n \n $22.8 million\n \n .\n \n \n \n \n Working capital increased from\n \n $89K\n \n in\n \n September 2022\n \n to\n \n $6.2 million\n \n in\n \n September 2023\n \n \n \n \n \n Adjusted EBITDA\n \n (1)\n \n of\n \n $9.6 million\n \n and\n \n $26.7 million\n \n for the three and nine months ended\n \n September 30, 2023\n \n , respectively, compared to\n \n $3.8 million\n \n and\n \n $15.0 million\n \n in the same periods in 2022.\n \n \n \n \n Total cash cost per ounce of gold sold\n \n (1)\n \n was\n \n US$929\n \n and\n \n US$911\n \n for the three and nine months ended\n \n September 30, 2023\n \n , respectively.\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n Nov. 23, 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 third quarter Financial Statements and MD&A have been filed on SEDAR+ and are available on the Company website.\n \n \n \n Operations Review – Nine Months Ended\n \n September 30, 2023\n \n \n \n \n \n Total production of 24,839 ounces of gold from the Cordero Mine and the el Bagre Millin...

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