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Soma Gold ( (TSE:SOMA) ) has shared an announcement.
Soma Gold has signed a definitive agreement to purchase and install a US$2.2 million sensor-based sorting facility at its flagship El Bagre operation in Colombia, with commissioning targeted for the first half of 2026, following encouraging bench-scale test results on lower-grade feed from the Cordero Mine. Test work on nearly one tonne of material showed high mass rejection rates of up to 55%, metallurgical recoveries as high as 97%, and a 62.5% upgrade in gold grade in the sorted product, indicating that sensor-based sorting can effectively treat a range of ore grades. Management expects the technology to enable higher gold production without expanding plant capacity by upgrading run-of-mine material and making previously sub-cutoff mineralized material economically processable, while also providing a pilot platform to evaluate various feed sources and fine-tune sorting parameters, potentially improving overall operational efficiency and resource utilization at Soma’s Colombian operations.
The most recent analyst rating on (TSE:SOMA) stock is a Hold 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 Neutral.
Soma Gold’s overall stock score is driven by strong technical indicators and reasonable valuation. The company’s operational efficiency is a positive, but challenges with revenue decline and high leverage weigh on the financial performance score.
To see Spark’s full report on TSE:SOMA stock, click here.
More about Soma Gold
Soma Gold Corp. is a profitable gold mining and exploration company focused on Colombia’s Antioquia region, where it controls more than 430 square kilometres of mineral concessions along the OTU fault and operates two fully permitted mills with a combined capacity of 675 tonnes per day, including its flagship El Bagre mill and the recently restarted El Limon mill. The company funds its regional exploration from internal cash flow, emphasizes sustainability and community engagement, and also holds an exploration property in Brazil under option to Ero Copper Corp.
Average Trading Volume: 242,543
Technical Sentiment Signal: Buy
Current Market Cap: C$195.8M
See more insights into SOMA stock on TipRanks’ Stock Analysis page.