Soma Gold (TSE:SOMA) has released an update.
Soma Gold Corp. reported a solid first-quarter in 2024 with gold equivalent production increasing by 8% to 7,335 ounces and a 21% rise in revenue to $19.3 million. The adjusted EBITDA remained stable at $6.3 million, despite a transition to a new mining method which temporarily raised production costs. The company is focused on expanding resources, advancing mining operations, and increasing production through strategic partnerships and exploration.
For further insights into TSE:SOMA stock, check out TipRanks’ Stock Analysis page.
