Soma Gold Corp.
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Christopher Geoffrey Hampson
- Full Time Employees
- 115
- Sector
- Basic Materials
- Industry
- Gold
- Address
- 1050 West Pender Street Vancouver BC Canada V6E 3S7
- IPO Date
- Aug 2, 2016
- Website
- somagoldcorp.com
- Similar Companies
- Business
- Soma Gold Corp. is a Canadian mining company focused on gold production and exploration in Colombia. The company operates the El Bagre Gold Mining Complex in Antioquia, which includes the operating El Bagre Mill with a 450 tonnes per day (tpd) capacity, the adjacent El Limon Mill with a 225 tpd capacity undergoing rehabilitation for restart in mid-2025, and underground mines such as La Ye, Los Mangos, and Cordero; it produces gold-silver dore bars for further refining. Soma holds approximately 41,427 hectares of mineral concessions in the Bagre-Nechí district, with milling capacity of 675 tpd permitted for expansion to 1,400 tpd, and maintains an exploration property in Tucuma, Brazil, under option to Ero Copper Corp. Founded in 2010 and headquartered in Vancouver, British Columbia, Soma primarily serves the gold mining sector through its wholly owned subsidiary Operadora Mineras S.A.S., targeting high-grade vein systems in Colombia's Central Cordillera with operations spanning underground mining, processing, and regional exploration programs financed by internal cash flow. Recent developments include the July 2025 acquisition of the La Escondida Mine near El Limon for US$3 million in staged payments with a 0.5% NSR royalty, enabling rapid integration of high-grade ore into existing mills; the September 2025 definitive agreement to repurchase the royalty on the El Limon Mine; a C$2.5 million principal repayment on the Conex loan in March 2025 to accelerate debt reduction amid strong gold prices; completion of Otu Centro property acquisition for 100% ownership in 2024 to support expanded exploration; and a US$3 million offtake amendment with Goldlogic Corp. in 2024 to fund Aurora Mine development and exploration. In 2024, Soma produced 27,460 gold equivalent ounces, achieving 92% of budget, with guidance for over 40,000 ounces annually from 2026 supported by mill optimizations, ore sorting advancements, and formalization contracts with small miners potentially adding 600-1,000 tpd of higher-grade feed.
Soma to Present at the Centurion One Capital 9th Annual Toronto Growth Conference
Soma Gold reports solid 2024 output, eyes partnership with Denarius Metals
Soma Gold forecasts higher output in 2025
Soma Gold strengthens board with appointment of seasoned executive
Soma Gold extends Venus Vein at Cordero Mine in Colombia
Soma Gold announces promising channel sample results from Colossa Mine
Soma Gold mobilizes drill rig to El Limon to explore high-grade gold intercepts
Soma Gold extends strike length of gold-bearing vein at Cordero Mine
Soma Gold appoints in-country manager for Colombian operations
Soma Gold sees revenue increase amid shift to higher-grade mining zones
SOMA GOLD REPORTS SECOND-QUARTER FINANCIAL RESULTS AND OPERATING HIGHLIGHTS
Soma Gold reports visible gold and high-grade assays in initial Cordero drill results
Soma Gold resumes operations at El Bagre mine
Soma Gold temporarily suspends operations at El Bagre mine in Colombia
Soma Gold eyes strong second half as Q1 revenue surges
Goldlogic Corp. Announces Amendment to Offtake Agreement with Soma Gold Corp. to Support 2024 Exploration and Development Initiatives
Soma Gold secures $3M for Aurora mine development
Soma Gold secures $3M for Aurora mine development
Soma Gold sees big revenue and production jump from Colombian operations
Soma Gold boosts output by 8% in Q1, implements new mining method at Cordero