Soma Gold’s Colombian Unit Renews Carbon Neutrality Certification for Second Year

Soma Gold ( (TSE:SOMA) ) has shared an announcement.

Soma Gold’s Colombian subsidiary, Operadora Minera SAS, has renewed its carbon neutrality certification for the 2024 reporting period, marking a second consecutive year of achieving this status. The certification, verified by Bureau Veritas under the PAS 2060:2014 standard, confirms carbon neutrality for direct Scope 1 emissions and Scope 4 emissions associated with products used by the organization.

For 2024, Operadora recorded 1,367.40 tonnes of CO2e emissions, all of which were fully offset through verified carbon credits sourced from the Galilea Amé forest conservation project in Colombia. The company remains the first and only mining operator in the country to hold this certification, underscoring its environmental leadership in a sector under growing pressure to decarbonize.

Soma’s sustainability strategy is built on the use of 100% renewable hydroelectric power, operational efficiency measures, and carbon offsets via REDD+ conservation projects in Colombia. The renewed certification reinforces Soma’s positioning as a responsible miner, which could enhance its appeal to environmentally focused investors, local communities, and regulators concerned with climate impact.

The most recent analyst rating on (TSE:SOMA) stock is a Hold with a C$2.50 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 SOMA Stock

According to Spark, TipRanks’ AI Analyst, SOMA is a Neutral.

The score is driven primarily by mixed financial performance: strong operating margins and solid cash conversion are offset by declining revenue, falling free cash flow, and high leverage. Technicals are supportive due to a clear uptrend, but overbought momentum indicators raise near-term pullback risk. Valuation is only fair given the P/E and lack of dividend yield data.

To see Spark’s full report on SOMA stock, click here.

More about Soma Gold

Soma Gold Corp. is a profitable gold mining and exploration company focused on assets in Antioquia, Colombia, where it controls over 430 square kilometers of mineral concessions along the prolific OTU fault. It operates two fully permitted mills, El Bagre and El Limon, with a combined capacity of 675 tonnes per day and funds a regional exploration program from internal cash flow. The company also holds an exploration property near Tucuma in Brazil under option to Ero Copper Corp. Soma emphasizes sustainability and community engagement as core elements of its operational strategy.

Average Trading Volume: 251,614

Technical Sentiment Signal: Buy

Current Market Cap: C$200.2M

See more insights into SOMA stock on TipRanks’ Stock Analysis page.