Soma Gold Corp. · TSXV:SOMA
Soma Gold — Investor Presentation (November 2023)
24 slides from Soma Gold's investor presentation, Nov 14, 2023
Slide 1: Investor Presentation: November 14, 2023
T S X V : S O M A / / O TC Q B : S M A G F TSXV:SOMA //OTCQB:SMAGF Investor Presentation: Investor Presentation – September 2022 November 14, 2023 WWW.SOMAGOLDCORP.COM 1 1
Slide 2: Legal Disclaimer
T S X V : S O M A / / O TC Q B : S M A G F Legal Disclaimer Statement by Qualified Persons Some statements herein contain forward-looking information. These statements include, but are not limited to, statements with respect to the expected benefits from having a management team seeking to aggressiv
Slide 3: Growing Gold Producer with District Scale Exploration Property
Growing Gold Producer with District Scale Exploration Property in Prolific Antioquia Province Growing production Mechanized Underground Mining “Cut and Fill” Mining Method Annual Au production has grown 107.2 % since 2019 2023 production of 33,500 AuEq ounces Projected to increase to 47,
Slide 4: Proximity to Major Discoveries in Colombia
Proximity to Major Discoveries in Colombia Soma properties are in a prolific jurisdiction with multiple unexplored targets Large deposits common in Colombia and Soma property is on trend with 5.5 million ounce Segovia Mine and with 6.0 million ounce Gramalote Antioquia jurisdiction home to 100
Slide 5: District Scale Property in prolific gold producing province of Antioquia, Colombia
District Scale Property in prolific gold producing province of Antioquia, Colombia • Acquired 11,000 Ha (110 sq.km.) of mineral concessions, directly to the South of existing property, increasing mineral rights concessions to approximately 41,000 Ha (410 sq. km) Aris Mining’s Segovia Mine • 5.5 mill
Slide 6: Priority: Expanding Production and Resource at Cordero Mine
Priority : Expanding Production and Resource at T S X V : S O M A / / O TC Q B : S M A G F Cordero Mine • Cordero Mine achieved Commercial Production in January 2023 • Current Production of 450 TPD, ramping up to 650 TPD by Q1 2024 • El Limon mill to re-start in Q1 2024 • Combination of “Raised Stop
Slide 7: Cordero Production growth and forecast
Cordero Production growth and forecast Production Totals (oz Au): 16,168 17,170 20,484 23,800 33,500 40,500 47,000 50000 45000 40000 35000 30000 35,000 El Bagre Ounces 25000 32,500 El Limon 20000 33,500 15000 23,800 17,170 20,484 10000 16,168 12,000 5000 8,000 1 0 0 0 2019-A 2020-A 2021-A 2022- A 20
Slide 8: A Record First Half of 2023
A Record First Half of 2023 KEY OPERATING AND FINANCIAL STATISTICS The key operating and financial data for the three and six months ended June 30, 2023 and 2022 are as follows: (1) Refer to the “Non-IFRS Financial Performance Measures” section for a reconciliation of these amounts 8
Slide 9: Cordero Mine and El Bagre Mill – 2023 plan
Cordero Mine and El Bagre Mill – 2023 plan • Planned production for 2023 – 33,500 ounces Au • 1% ahead of plan as of September 2023 • Q2 record production of 8,900 AuEq ounces • Q3 record production of 9,413 AuEq ounces • 2024 plan – 40,500 AuEq ounces 9
Slide 10: Cordero Mine
Cordero Mine A typical deposit on the Otu Fault – 260,000 oz. Au (expected to grow to >500,000 ounces) Open Open on on strike strike Open at depth 10
Slide 11: Phase 1 Cordero Underground development and construction completed
Phase 1 Cordero Underground development and construction completed Cordero mine monthly advance – Plan view Cordero mine monthly advance – Profile view (looking west) 11
Slide 12: The Nechi Deposit and Mine
T S X V : S O M A / / O TC Q B : S M A G F The Nechi Deposit and Mine Defined Resource Ready to Mine 2019 NI 43-1010 Resource Estimate of 128,000 Oz which is expected to grow to over 250,000 oz. with 2023-2024 drilling 42,000 m of DDH drilling a l re a d y co m p l ete d 2,300 m of decline and
Slide 13: Exploration Goals - Regional geology
Exploration Goals - Regional geology $4.0 mm per year for 2024-2025 1. Increase the Cordero Resource: Zara • Annual 10,000m of underground and surface drilling at Concessions Cordero • Upgrade to include resource at depth and on strike 2. Evaluate and rank the regional targets with initial diamond d
Slide 14: Value Creation Goals 2024-2027
Value Creation Goals 2024-2027 Increase Resource Expand Milling Capacity Increase production • $4 million per year in • Move el Limon Mill to el • Increase gold production to exploration to identify Bagre to increase capacity 40-45,000 ounces Au in new economic deposits to 650 TPD in Q1 2024 2024 •
Slide 15: Environment, Social & Governance
T S X V : S O M A / / O TC Q B : S M A G F Environment, Social & Governance Environmental Soma formalizing small miners working on Soma mineral claims Eliminate the use of Mercury, leading to improved health conditions for the miner Source of electricity is a “run of river” hydro plant. The mi
Slide 16: ESG Programs
ESG Programs HEALTH EDUCATION ORGANIZATIONAL AND COMMUNITY STRENGTHENING Support programs to Strengthening rural Promote citizen promote healthy habits, education by supporting participation in the care of the environment the generation of better economic, community and prevention of risks to opport
Slide 17: Training, Worker Safety and Community
T S X V : S O M A / / O TC Q B : S M A G F Training, Worker Safety and Community WWW.SOMAGOLDCORP.COM 17
Slide 18: Colombia Country Risk
T S X V : S O M A / / O TC Q B : S M A G F Colombia Country Risk President Petro’s Leftist agenda stalled by Centrist Legislature No change to the 5% foreign dividend withholding Government royalty no longer deductible from taxable income Soma exceeds compliance for environment and social is
Slide 19: Balance Sheet and Cash Flow
T S X V : S O M A / / O TC Q B : S M A G F Balance Sheet and Cash Flow Major capex projects will be completed by Long Term Cash Flow Q4 2023 Total Debt to EBITDA Ratio for 2023 of 0.6 Debt Retirement and Operating Cash Flow Projections (4-Year Conex Repayment) and for 2024 of 0.5 40,000,000 4,50
Slide 20: Seasoned and Proven Senior Management
T S X V : S O M A / / O TC Q B : S M A G F Seasoned and Proven Senior Management GEOFF HAMPSON MARK BREN EXECUTIVE CHAIRMAN VP OPERATIONS Founded and financed multiple private and public Mr. Bren has 35+ years of experience in technical and operational roles companies since 1979 with a total deal va
Slide 21: Board of Directors
T S X V : S O M A / / O TC Q B : S M A G F Board of Directors GEOFF HAMPSON IOANNIS TSITOS EXECUTIVE CHAIRMAN INDEPENDENT DIRECTOR Founded and financed multiple private and public 19 years with BHP Billiton, the last 9 as senior BD manager for companies since 1979 with a total deal value of over exp
Slide 22: Share Metrics & Ownership
T S X V : S O M A / / O TC Q B : S M A G F Share Metrics & Ownership (as at June 13 , 2023) Company Ticker Close Price Shares O/S (M) Market Cap (US$M) Cash (US$M) Debt (US$M) EV (US$M) EV/'23 EBITDA EV/'24 EBITDA P/'23 EPS P/'24 EPS Junior Producers Perseus Mining PRU-T 2.00 1,368.0 2,012 359 2 1,7
Slide 23: Compelling Story
T S X V : S O M A / / O TC Q B : S M A G F Compelling Story Trading at 1.58 X Run Rate EBITDA and 1.1 X 2024 projected EBITDA Producing and Profitable mine Large District Scale, Highly Prospective Land Holdings in Prolific Antioquia AISC of $1,304 USD per ounce running at 60% of capacity. At State,
Slide 24: Contact
CONTACT Geoff Hampson Executive Chairman IN F O @ S O M A G O L D C O R P . C O M +1-604-259-0302 SUITE 970, 1050 WEST PENDER ST. TSXV:SOMA // OTCQB:SMAGF VANCOUVER, BC V6E 3S7, CANADA WWW.SOMAGOLDCORP.COM 24