SOMA GOLD Announces the Addition of a New VP Operations
SOMA GOLD ANNOUNCES THE ADDITION OF
A NEW VP OPERATIONS
VANCOUVER, BC
,
Feb. 2, 2023
/CNW/ -
Soma Gold Corp.
(TSXV: SOMA) (WKN: A2P4DU)
(OTC: SMAGF) (the "
Company
" or "
Soma
") is pleased to announce that
Mark J. Bren
has joined
the Company in the role of Vice President – Operations, effective
February 1, 2023
. Mr. Bren brings
an advanced level of technical mining and operating experience to Soma, and his appointment fills a
gap in the Company's management structure.
Mr. Bren has previously worked with several senior management team members, where his
expertise, work ethic and direct approach were appreciated by the executive team and the Board of
Directors.
Mr. Bren studied Forestry and Business Administration at the
University of Montana
from 1987 to
1988. He graduated in 1994 from the
Montana
College of Mineral Science and Technology in
Butte,
Montana
, with a Bachelor of Science in Mining Engineering. He has completed many continuing
education courses on topics pertinent to the design, management and expansion of the Company's
mines in
Colombia
, including mine safety, shotcrete for underground support, mine ventilation and
backfill technology.
Mr. Bren is also a member of the following associations
The Society for Mining, Metallurgy, and Exploration Incorporated
Coeur d'Alene Section of the SME
Northwest Mining Association
Javier Cordova
, President and CEO, states, "We are delighted to add a seasoned professional such
as Mark to our senior management team. Now that our Cordero Mine is in Commercial Production,
the focus will be on the optimization of the mining method and mine production. Our goal is to
increase production at the Cordero Mine from the current 400 TPD to 700 TPD by mid-year 2023 to
justify re-starting the el Limon mill, which is currently on care and maintenance. The Colombian
operations team will report directly to Mark. His experience and knowledge will greatly contribute to
managing the mining operations and assessing potential new technologies and methods, including
additional mechanization, the application of shotcrete and the implementation of enhanced safety
protocols. We are very pleased to add Mark to the team."
Mr. Bren will be awarded 200,000 stock options of Soma as a part of his compensation.
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 Years Ended December 31, 2022 and 2021 and the Three and Six
Months Ended June 30, 2022 and 2021 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.
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%SEDAR: 00030511E
For further information:
Andrea Laird, telephone: +1-604-259-0302
CO: Soma Gold Corp.
CNW 07:15e 02-FEB-23