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The Markets
by Proactive
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Small-cap coverage continues on .com
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by Proactive
Proactive UK has moved.
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Soma Gold sees record gold sales for 2022 rising by 30%

Soma Gold sees record gold sales for 2022 rising by 30%

Soma Gold CEO Javier Cordova joined Steve Darling from Proactive to share news the company has announced its full year financials and operating results which has seen record numbers. Cordova telling Proactive the company saw record gold sales of 23,115 ounces in 2022 which is a 30% increase from the previous year. The company generated 17.3 million of Adjusted EBITDA which accounts for a 53% increase from the prior year. Cordova is pleased with the results, stating that more than 50% of the increase in EBITDA has been used to make payments to the offtake agreement. The company is also focused on optimizing operations, fully utilizing milling capacity and lowering costs.

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