Soma produced 7,335 AuEq ounces in Q1-2024 - an 8% increase over the 6,796 AuEq ounces produced in Q1-2023. Revenue for the quarter was up 21% to $19.3 million. Adjusted EBITDA was $6.3 million for the quarter, which was largely consistent with $6.8 million in Adjusted EBITDA recorded in Q1-2023. Transition to new Mining Method progressed in Q1 resulting in the expected, temporarily higher production costs, which are expected to fall in Q2 and for the balance of the year Total cash costs per ounce of gold sold was US$1,192, and the average realized cash margin was US$894, compared to US$983 in Q1-2023.
Soma Gold Corp. is pleased to announce that the Company's Financial Statements and MD&A for the Three Months Ended March 31, 2024 and 2023 have been filed on SEDAR and are ...