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Soma Gold ( (TSE:SOMA) ) just unveiled an announcement.
Soma Gold Corp. reported record financial results for the first quarter of 2025, with a 44% increase in revenue to $27.9 million and a net income of $3.2 million, compared to a loss in the same period last year. The company plans to re-commission the el Limon mill in June, which is expected to boost gold production by 20-30% in the second half of 2025, and is advancing exploration and permitting processes for future growth.
Spark’s Take on TSE:SOMA Stock
According to Spark, TipRanks’ AI Analyst, TSE:SOMA is a Neutral.
Soma Gold demonstrates solid financial performance with strong revenue growth and improving profitability. Technical analysis shows a positive trend but with caution due to potential overbought signals. Valuation is a concern with a high P/E ratio and no dividends. Positive corporate events enhance prospects, but high leverage remains a risk factor.
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 gold production and exploration, owning two adjacent mining properties in Antioquia, Colombia, with a combined milling capacity of 675 TPD. The company is committed to sustainability and community engagement and also owns an exploration property in Brazil under option to Ero Copper Corp.
Average Trading Volume: 111,813
Technical Sentiment Signal: Buy
Current Market Cap: C$94.01M
For an in-depth examination of SOMA stock, go to TipRanks’ Stock Analysis page.