Soma Gold Corp.
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Company Description
- CEO
- Geoffrey Christopher Hampson
- Full Time Employees
- 115
- Sector
- Non-energy minerals
- Industry
- Precious metals
- Address
- 1500-409 Granville Street Vancouver BC Canada V6C 1T2
- IPO Date
- Nov 19, 2010
- Website
- somagoldcorp.com
- Similar Companies
- Business
- Soma Gold Corp. (TSXV: SOMA; OTCQB: SMAGF) is a gold mining company focused on production and exploration in Colombia's Bagre-Nechí district, Antioquia; it owns 100% of the El Bagre mining complex spanning 41,427 hectares with two Merrill Crowe processing mills featuring a combined capacity of 675 tonnes per day (TPD), permitted for expansion to 1,400 TPD, including the operational 450 TPD El Bagre Mill and the 275 TPD El Limon Mill preparing for restart in 2025. Core operations encompass underground gold mines such as La Ye, Los Mangos, Cordero (with high-grade vein extensions like Atenas Zone at 45.2 g/t Au over 5.5 m), Aurora, Escondida, and formalization efforts at Diamantina, Lemoncito Norte, and smaller sites; the company produces gold-silver doré bars via milling, ore sorting, and leach processing, with 27,460 AuEq ounces produced in 2024 and over 40,000 ounces projected for 2026, targeting institutional buyers and leveraging internally generated cash for regional exploration along the prolific OTU fault. Founded in 2010 and headquartered in Vancouver, British Columbia, Canada, Soma operates primarily in Colombia through its wholly owned subsidiary Operadora Mineras S.A.S., with an additional exploration property in Tucuma, Para State, Brazil, currently optioned to Ero Copper Corp. Recent developments include the acquisition of the Escondida Mine and Otu Centro properties for full ownership, repurchase of the El Limon royalty, $17.3 million LIFE private placement in Q3 2025, debt reduction via $5 million cash payments and $10 million equity conversion, resolution of a union strike on November 5, 2025, improvements to the El Bagre processing circuit, and high-grade drill intersections at Cordero, Venus, and Machuca projects.
Company News
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