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Soma Gold ( (TSE:SOMA) ) has provided an update.
Soma Gold Corp. announced the extension of the Cordero Deposit with new veins discovered 250 meters south of the Atenas Zone at the Bagre Project in Colombia. The 2025 drill program, which included 19 diamond drill holes totaling 5,587 meters, successfully delineated new veins and added 518 meters of strike length to the deposit. This development confirms that the Cordero Deposit remains open along strike and at depth, indicating potential for further resource expansion. The results are expected to be incorporated into the 2026-2027 mine plan, potentially enhancing the company’s resource base and operational capabilities.
The most recent analyst rating on (TSE:SOMA) stock is a Buy with a C$2.00 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 score is driven by strong financial performance and positive corporate events. The technical analysis supports a bullish outlook, while the valuation is fair. The company’s ability to manage leverage and capitalize on exploration successes are key strengths, although high leverage remains a risk.
To see Spark’s full report on TSE:SOMA stock, click here.
More about Soma Gold
Soma Gold Corp. is a company operating in the mining industry, primarily focused on the exploration and development of gold deposits. The company is involved in projects located in central Colombia, with a particular focus on expanding its resource base and enhancing its mining operations.
Average Trading Volume: 261,003
Technical Sentiment Signal: Buy
Current Market Cap: C$199.4M
Learn more about SOMA stock on TipRanks’ Stock Analysis page.