Breakdown | |||||
TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
83.84M | 81.16M | 52.96M | 39.97M | 23.05M | 0.00 | Gross Profit |
18.23M | 27.95M | 15.54M | 12.06M | 8.36M | -22.38K | EBIT |
7.61M | 20.85M | 12.63M | 6.99M | 1.69M | -3.29M | EBITDA |
27.89M | 31.11M | 12.56M | 10.16M | 12.95M | -3.85M | Net Income Common Stockholders |
-4.67M | 2.80M | 257.54K | -1.22M | 6.72M | -37.66M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
3.77M | 1.78M | 529.67K | 251.61K | 2.42M | 45.15K | Total Assets |
49.45M | 74.10M | 51.51M | 34.53M | 32.39M | 36.82M | Total Debt |
7.30M | 31.30M | 28.79M | 19.14M | 15.67M | 9.28M | Net Debt |
6.91M | 29.52M | 28.26M | 18.89M | 13.25M | 9.24M | Total Liabilities |
34.50M | 59.95M | 48.75M | 36.05M | 32.47M | 46.03M | Stockholders Equity |
14.16M | 14.15M | 2.77M | -1.52M | -74.20K | -9.12M |
Cash Flow | Free Cash Flow | ||||
651.42K | 6.08M | -9.85M | -3.71M | -3.20M | -22.41M | Operating Cash Flow |
11.78M | 19.17M | 10.24M | 4.75M | -535.75K | -3.87M | Investing Cash Flow |
-11.76M | -15.35M | -19.72M | -7.96M | -9.28M | -18.54M | Financing Cash Flow |
276.13K | -3.21M | 9.40M | 1.18M | 12.04M | 22.06M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
70 Outperform | C$125.50M | 16.57 | 40.43% | ― | 15.89% | 426.28% | |
51 Neutral | $2.04B | -1.15 | -21.37% | 3.64% | 2.88% | -30.57% | |
43 Neutral | C$72.70M | ― | -4.68% | ― | ― | 24.91% | |
£24.49M | ― | ― | ― | ― | |||
$38.20M | ― | -2.14% | ― | ― | ― | ||
$68.19M | 14.69 | 11.46% | ― | ― | ― | ||
39 Underperform | C$81.21M | ― | -43.86% | ― | ― | -52.93% |
Soma Gold Corp. announced significant drilling results from the Venus Gap zone of the Cordero Mine, extending the known dip of the vein by 135 meters. The drilling revealed high-grade gold intervals, with the most notable being a 6.0-meter section averaging 7.5 g/t gold, which supports the development of deeper levels in the mine. This expansion is expected to enhance the mine’s resource base and operational plans.
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.
Soma Gold’s Colombian subsidiary, Operadora Minera SAS, has achieved carbon neutrality for the 2023 reporting period, becoming the first mining company in Colombia to do so under the PAS 2060:2014 standard. This achievement, verified by Bureau Veritas, involved significant reductions in greenhouse gas emissions, a transition to renewable energy, and the use of carbon credits. Additionally, Operadora has signed a voluntary agreement with CORANTIOQUIA to promote environmental regeneration in areas affected by illegal mining, reflecting Soma’s commitment to responsible mining and environmental stewardship.
Soma Gold Corp. has announced initial drill results and exploration updates for the Machuca Project in Antioquia, Colombia, specifically at the Psyche 2 target area. The exploration has extended the strike length of the structural zone to approximately 2.4 km, revealing high-grade gold occurrences. The findings suggest significant potential for additional mineralized quartz vein structures, which could enhance Soma’s position in the gold mining sector and offer promising implications for stakeholders.
Soma Gold Corp. reported a 10% increase in revenue to $89.4 million for 2024, with net income rising by 51% to $4.2 million. Despite a decrease in gold production due to lower grades and operational challenges, the company benefited from higher gold prices and stable cash costs. Soma plans to enhance its operations with the restart of the El Limon Mill and the advancement of the Nechi Mine, positioning itself for strong financial performance in 2025. The company is also exploring additional deposits to expand its resource base.
Soma Gold Corp. announced a successful first quarter of 2025 with gold production aligning with budget expectations and a significant repayment on the Conex Loan. The rehabilitation of the El Limon Mill is progressing well, expected to be operational by mid-June, and is under budget. The company is also advancing the formalization of small miners on its property, which could increase production capacity. Additionally, Soma is participating in a tax program that allows income tax payments to be redirected to local community projects, such as road paving, enhancing its community relations. The strong gold price has enabled Soma to reduce debt and build cash reserves, positioning it for a robust 2025.
Soma Gold Corp. has expanded its mineral rights in Antioquia, Colombia, by acquiring two additional mining concessions from Grupo de Bullet SAS, increasing its property package to 41,427 hectares along the OTU Fault. This strategic acquisition enhances Soma’s coverage along a key mineral-bearing structure, potentially boosting its exploration and production capabilities. Additionally, Soma has terminated negotiations with Denarius Metals Corp. regarding mineralized rock processing due to contractual restrictions, opting instead to source feed for its El Limon Mill from its own surplus production.