Business
SOMA GOLD REPORTS YEAR-END FINANCIAL RESULTS AND OPERATING HIGHLIGHTS
SOMA GOLD REPORTS YEAR-END FINANCIAL RESULTS AND OPERATING HIGHLIGHTS Canada NewsWire ...
About this update from Soma Gold Corp.
[{"type":"text","content":"\n \n \n \n SOMA GOLD REPORTS 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-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnml40{\nMARGIN-TOP:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:3.33em !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 \n A record 32,340 AuEq ounces were produced in 2023 – a 40% increase from the previous year. Q4-2024 AuEq production was up 25% to 7,234 ounces.\n \n \n \n \n \n Revenue for the year rose by 53% to\n \n $81.1 million\n \n . Income for 2023 reached\n \n $2.8 million\n \n , compared to\n \n $0.3 million\n \n in 2022. Q4-2024 revenue climbed 46% to\n \n $19.4 million\n \n .\n \n \n \n \n \n Adjusted EBITDA\n \n (1)\n \n reached\n \n $31.8 million\n \n , an 83% increase over the previous year. For Q4-2024, Adjusted EBITDA\n \n (1)\n \n of\n \n $5.1 million\n \n was 116% higher than Q4 of 2022.\n \n \n \n \n \n Total cash costs per ounce of gold sold\n \n (1)\n \n for 2023 was\n \n US$983\n \n , slightly lower than the\n \n US$1,002\n \n reported in the previous year.\n \n \n \n \n \n \n VANCOUVER, BC\n \n \n ,\n \n \n April 30, 2024\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 Years Ended\n \n December 31, 2023\n \n and 2022 have been filed on SEDAR+ and are available on the Company website.\n \n \n \n 2023 Operational and Financial Highlights\n \n \n \n \n Total AuEq production of 32,340 ounces from the Cordero Mine and the el Bagre Milling Operations.\n \n \n Cordero Operations had an attributable cash cost per ounce of gold ...