Q2 Financial Statements and Md&a Filed ON SEDAR+
Q2 FINANCIAL STATEMENTS AND MD&A
FILED ON SEDAR+
VANCOUVER, BC
,
Aug. 30, 2023
/CNW/ -
Soma Gold Corp.
(TSXV: SOMA) (WKN: A2P4DU)
(OTC: SMAGF) (the "
Company
" or "
Soma
") announces that the Company's second quarter
Financial Statements and MD&A have now been filed on SEDAR+ and can be viewed using the
following link:
bit.ly/3YYiuUw
.
The Company also advises readers to note that there was a typographical error in the Press
Release dated
August 29
th
, 2023. That Press Release should have stated that the AISC for the
Quarter and the First Half ending
June 30, 2023
were
$1,268
and
$1,258
per ounce, respectively.
ABOUT SOMA GOLD
Soma Gold Corp. (TSXV: SOMA) is a mining company focused on gold production and exploration.
The Company owns two adjacent mining properties in Antioquia,
Colombia
with a combined milling
capacity of 675 tpd. (Permitted for 1,400 tpd). The El Bagre Mill is currently operating and
producing. Internally generated funds are being used to finance a regional exploration program.
The Company also owns an exploration property near Tucuma, Para State,
Brazil
that is currently
under option to Ero Copper Corp.
On behalf of the Board of Directors
"Javier Cordova Unda"
Chief Executive Officer and President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
(1)
This news release refers to certain financial measures, such as EBITDA, Adjusted
EBITDA, average realized price per ounce of gold sold, and total cash costs per ounce of
gold sold which are not measures recognized under IFRS and do not have a standardized
meaning prescribed by IFRS. These measures may differ from those made by other
companies and accordingly may not be directly comparable to such measures as reported
by other companies. These measures have been derived from the Company's financial
statements because the Company believes that they are of benefit in understanding the
Company's results. For a complete explanation of these measures, please refer to Non-
IFRS Financial Performance Measures disclosure included in the Company's MD&A for the
Three and Six Months Ended
June 30, 2023
and 2022 which can be accessed at
www.sedar.com
.
All statements, analysis and other information contained in this press release about anticipated
future events or results constitute forward-looking statements. Forward-looking statements are
often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan",
"estimate", "expect" and "intend" and statements that an event or result "may", "will", "should",
"could" or "might" occur or be achieved and other similar expressions. Forward-looking statements
are subject to business and economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those contained in the forward-looking
statements. Forward-looking statements are based on estimates and opinions of management at
the date the statements are made. The Company does not undertake any obligation to update
forward-looking statements even if circumstances or management's estimates or opinions should
change except as required by applicable laws. Investors should not place undue reliance on
forward-looking statements.
SOURCE
Soma Gold Corp.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/August2023/30/c3034.html
%SEDAR: 00030511E
For further information:
Please contact Andrea Laird, telephone: +1-604-259-0302
CO: Soma Gold Corp.
CNW 06:15e 30-AUG-23