A record 32,340 AuEq ounces were produced in 2023 - a 40% increase from the previous year. Q4-2024 AuEq production was up 25% to 7,234 ounces. Revenue for the year rose by 53% to $81.1 million. Income for 2023 reached $2.8 million, compared to $0.3 million in 2022. Q4-2024 revenue climbed 46% to $19.4 million. Adjusted EBITDA reached $31.8 million, an 83% increase over the previous year. For Q4-2024, Adjusted EBITDA of $5.1 million was 116% higher than Q4 of 2022. Total cash costs per ounce of gold sold for 2023 was US$983, slightly lower than the US$1,002 reported in the previous year.
Soma Gold Corp. is pleased to announce that the Company's Financial Statements and MD&A for the Years Ended December 31, 2023 and 2022 have been filed on SEDAR+ and are available on the Co...