Soma Gold Corp. (TSX-V:SOMA) has announced that gold production at its 100%-owned El Bagre gold mine in Colombia set a new monthly record of 2,680 gold equivalent (AuEq) ounces in January 2023.
The company said production was 24% ahead of the January 2023 budget of 2,166 AuEq ounces and 47% ahead of the production for the same period last year. It is now planning for full-year 2023 production of 35,500 ounces.
"Our team in Colombia has done an outstanding job of ramping up production by leveraging our new mechanized fleet to achieve the new mine plan,” Soma Gold president and CEO Javier Cordova said in a statement.
READ: Soma Gold says gold production at El Bagre in Colombia rose 30% in 2022
“Integrating the new mining method and adding an experienced mining engineer like Mark Bren, VP of Operations, will ensure that we meet or exceed our production goals in the coming years,” he added.
Soma Gold Corp. 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 tonnes per day (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.
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