SOMA GOLD Announces a New Union Contract with Employees at the El Bagre MINE
SOMA GOLD ANNOUNCES A NEW UNION
CONTRACT WITH EMPLOYEES AT THE EL
BAGRE MINE
VANCOUVER, BC
,
Sept. 29, 2022
/CNW/ -
Soma Gold Corp.
(TSXV: SOMA) (WKN: A2P4DU)
(OTC: SMAGF) (the "
Company
" or "
Soma
") announces that the union representing employees at
the Company's Operadora Minera SAS subsidiary and the Company have successfully completed
negotiations and entered a new contract. Regular work hours will resume on
September 29
th
, 2022.
Javier Cordova
, President and CEO, states, "Our team worked diligently with the union negotiators
over the last ten days and have now resolved all outstanding issues. Our thanks to them and the
Colombian Ministry of Labor for their assistance in keeping the duration of the strike to as short a
period as possible. Approximately 750 ounces of production were deferred during the work
stoppage. We will endeavor to make that up and still reach our goal of 24,000 ounces for fiscal
2022."
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.
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.
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For further information:
Andrea Laird, telephone: +1-604-259-0302
CO: Soma Gold Corp.
CNW 07:15e 29-SEP-22