SOMA Provides Post-Strike Production Update
SOMA PROVIDES POST-STRIKE
PRODUCTION UPDATE
VANCOUVER, BC
,
Nov. 14, 2025
/CNW/ -
Soma Gold Corp.
(TSXV: SOMA) (WKN: A2P4DU)
(OTC: SMAGF) (the "
Company
" or "
Soma
") announces that production has recommenced at both
the Cordero Mine and the El Bagre Gold Complex after 57 days of work stoppage as a result of the
strike by unionized employees. Several systems at the mill require additional maintenance due to the
prolonged stoppage, but this situation is being mitigated by additional leach capacity installed before
the strike. Mine production will not be affected, but the processing plant will run at approximately
70% of full throughput until the end of November. The El Limon Mill is owned by a non-unionized
subsidiary, but the production ramp-up depended on technical assistance and personnel from El
Bagre, who were unavailable during the strike. The original ramp-up at El Limon was scheduled to
be completed by the middle of December and has now been delayed until early
January 2026
.
Soma announces that, due to the disruption caused by the strike, 2025 gold production is expected
to be reduced by approximately 5,000 ounces. This shortfall will impact both the third and fourth
quarter revenue and profit. A further, though relatively minor, reduction in output may result from
delays in the remediation of the El Bagre mill and the full commissioning of the El Limon Mill.
However, these issues are anticipated to be resolved in the coming weeks, and the Company's 2026
production forecast remains unchanged.
Soma also announces that commissioning of the new leach circuit and oxygen infusion system at the
El Bagre processing plant was completed prior to the initiation of strike action by the union. The
addition of this new tank increases gold recovery from 87.5% to 89.1%. This extra capacity is now
helping to offset the impact of repairs to the damaged tank. The capital program took six months to
complete at a cost of
$475,000
.
The new tank and agitator, combined with infused oxygen, ensure optimal dissolved oxygen levels,
enhancing leaching kinetics and increasing residence time by approximately 30%. This upgrade
provides improved leaching efficiency and greater metallurgical stability. Additionally, the added
capacity enables the older leach tanks to be taken offline for routine preventative maintenance
without impacting throughput.
Cyanidation tailings vs. Global monthly recovery (CNW Group/Soma Gold Corp.)
Geoff Hampson
, Soma CEO, states, "We are pleased to be back to work in
Colombia
and will
address the various issues resulting from the processing plant shutdowns. We are confident that
both mills will be operating at full capacity by early
January 2026
." Hampson further states, "Soma
remains committed to enhancing operational efficiency and is investing in incremental improvements
across all aspects of the operation. The payback on the investment in additional leach tank capacity
is less than one year. For every 1% increase in recovery, based on current production levels and a
gold price of
US$3,800
, approximately
US$1 million
in additional annual revenue is generated, which
flows directly to the bottom line."
ABOUT SOMA GOLD
Soma Gold Corp. (TSXV: SOMA) is a profitable mining company focused on gold production and
exploration. The Company owns over 43 sq. kilometers of mineral concessions following the prolific
OTU fault in Antioquia,
Colombia
and two fully permitted mills located within 25 kilometers of each
other, with a combined milling capacity of 675 tpd. The El Bagre Mill operates at 450 TPD, and the
El Limon Mill is slated to restart operations in Q3 2025. Internally generated funds are being used to
finance a regional exploration program.
With a solid commitment to sustainability and community engagement, Soma Gold Corp. is
dedicated to achieving excellence in all aspects of its operations.
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
"Geoff Hampson"
Chief Executive Officer and President
Forward-Looking Information and Cautionary Statements
This news release includes "forward-looking information" and "forward-looking statements"
(collectively, "forward-looking information") within the meaning of applicable securities laws.
Forward-looking information in this release may include, but is not limited to: statements regarding
the anticipated restart of operations, the timing and sequencing of ramp-up activities, production
expectations, workforce reintegration, and operational outcomes following the end of the strike.
Forward-looking information is based on a number of assumptions, including that labor relations
will remain stable, restart preparations will proceed as planned, the Company will have access to
necessary personnel, supplies, funding and infrastructure, and that external conditions (including
regulatory, security, and market conditions) will remain supportive. There can be no assurance that
these assumptions will prove to be correct.
Forward-looking information is subject to known and unknown risks, uncertainties, and other
factors that may cause actual results to differ materially from those expressed or implied. These
risks include, but are not limited to: risks related to labor relations and workforce availability,
delays or difficulties in restarting production, operational and technical challenges, changes in
permitting or regulatory conditions, fluctuations in commodity prices and exchange rates, political
or community-related developments in
Colombia
, and general economic conditions.
Readers are cautioned not to place undue reliance on forward-looking information. The Company
does not undertake to update or revise any forward-looking statements except as required by
applicable law.
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.
SOURCE
Soma Gold Corp.
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For further information:
For further information, please contact Andrea Laird, telephone: +1-604-
259-0302
CO: Soma Gold Corp.
CNW 04:20e 14-NOV-25