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SOMA GOLD REPORTS RECORD FIRST QUARTER FINANCIAL RESULTS
SOMA GOLD REPORTS RECORD FIRST QUARTER FINANCIAL RESULTS Canada NewsWire High...
About this update from Soma Gold Corp.
[{"type":"text","content":"\n\n\n\n SOMA GOLD REPORTS RECORD FIRST 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.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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n Highlights:\n \n\n\n\n\n Revenue for the first quarter of 2025 was\n \n $27.9 million\n \n – an increase of 44% from 2024-Q1.\n \n\n\n\n\n\n Net income for the quarter was\n \n $3.2 million\n \n , compared to a loss of\n \n $0.2 million\n \n in 2024-Q1\n \n\n\n\n\n\n Adjusted EBITDA\n \n (1)\n \n for the quarter was\n \n $13.5 million\n \n compared to\n \n $6.3 million\n \n for the same period in 2024, and unadjusted EBITDA\n \n (1)\n \n was\n \n $12.4 million\n \n , double the\n \n $6.0 million\n \n EBITDA\n \n (1)\n \n recorded in 2024-Q1.\n \n\n\n\n\n\n Soma sold 6,843 AuEq ounces in the current quarter, compared to 7,024 AuEq ounces in 2024-Q1.\n \n\n\n\n\n\n The average realized cash margin\n \n (1)\n \n was\n \n US$1,642\n \n in the current quarter, compared to\n \n US$894\n \n in 2024-Q1.\n \n\n\n\n\n\n EBITDA\n \n (1)\n \n per share was\n \n $0.14\n \n in the current quarter, compared to\n \n $0.07\n \n in 2024-Q1.\n \n\n\n\n\n\n The Company reduced Long Term Debt by\n \n $2.5 million\n \n in the quarter\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n May 29, 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 three months ended\n \n March 31, 2025\n \n and 2024 have been filed on SEDAR+ and are also available on the Company's website.\n \n\n\n Operations Review – Quarter Ended\n \n March 31, 2025\n \n\n\n\n\n Soma produced 6,643 Au...