Soma Gold Corp achieves first-ever profits in 4Q and full ye

Soma Gold Corp achieves first-ever profits in 4Q and full year results following 2020 El Bagre mine acquisition


Soma Gold achieves first-ever profits in 4Q and full year results following 2020 El Bagre mine acquisition
Since acquiring El Bagre on May 28, the company posted revenue of C$23 million and net income of C$6.8 million
Some sold 9,271 ounces of gold and 22,928 ounces of silver in 2020
Soma Gold Corp (CVE:SOMA) (OTCMKTS:PRSRF) (FRA:8PR1), a South American-focused gold producer with district-scale exploration potential in Antioquia, Colombia, has reported fourth quarter and 2020 results after seven months of production at the El Bagre Gold Mining Complex, including the first profit in the company’s history.
Since acquiring El Bagre on May 28, the company posted revenue of C$23 million and net income of C$6.8 million, C$0.14 per share, in 2020. Earning from mine operations were C$8.4 million, and the company sold 9,271 ounces of gold and 22,928 ounces of silver.

Related Keywords

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