Soma Gold Reports Increased Revenues Despite Challenges

Soma Gold (TSE:SOMA) has released an update.

Soma Gold Corp reported increased second-quarter revenues of $22.7 million and a six-month revenue of $42.0 million, up from the previous year’s $39.0 million. However, the company experienced a net loss of $0.6 million and encountered higher cash costs per ounce of gold sold, now at $1,340. Despite these challenges, the company completed crucial maintenance at the El Bagre Mill and is looking forward to mining higher-grade zones and expanding through strategic initiatives.

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