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