Soma Gold Corp. (TSE:SOMA) has released an update.
Soma Gold Corp. celebrated a stellar 2023, with gold production soaring by 40% to 32,340 AuEq ounces and revenues jumping by 53% to $81.1 million. The company also reported a significant climb in net income to $2.8 million, up from $0.3 million the previous year, and a substantial increase in adjusted EBITDA. These financial gains underline a year of strategic operational enhancements and cost efficiencies, despite the inflationary pressures in Colombia.
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