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Soma Gold ( (TSE:SOMA) ) has issued an announcement.
Soma Gold Corp. has announced that the El Limon Mill is in the ramp-up stage, with full capacity expected by December. Despite a labor strike at El Bagre, Soma has outsourced necessary services to maintain operations. The company has also appointed Julian Storz as Vice President of Business Development to lead efforts in mergers and acquisitions, aiming for strategic growth and diversification. Labor negotiations at El Bagre continue, with the company optimistic about reaching an agreement before the strike enters binding arbitration. The El Limon Mill is expected to significantly contribute to Soma’s gold production, with plans to reach 200 TPD by early 2026.
The most recent analyst rating on (TSE:SOMA) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Soma Gold stock, see the TSE:SOMA Stock Forecast page.
Spark’s Take on TSE:SOMA Stock
According to Spark, TipRanks’ AI Analyst, TSE:SOMA is a Outperform.
Soma Gold’s overall stock score reflects its strong financial performance and reasonable valuation, which are the most significant factors. The technical analysis suggests some short-term challenges, but the long-term outlook remains positive. The absence of earnings call data and corporate events does not impact the score.
To see Spark’s full report on TSE:SOMA stock, click here.
More about Soma Gold
Soma Gold Corp. is a mining company focused on acquiring and developing mineral properties, mines, and processing facilities, primarily in Antioquia, Colombia. The company aims to expand its gold production and create jurisdictional diversity through strategic mergers and acquisitions.
Average Trading Volume: 347,331
Technical Sentiment Signal: Buy
Current Market Cap: C$140.7M
Learn more about SOMA stock on TipRanks’ Stock Analysis page.