Soma Gold Corp. (TSX-V:SOMA) said it produced 3,031 gold equivalent (AuEq) ounces of gold during July, a 47% increase compared to the 2,061 AuEq ounces produced in July of 2022.
In a statement, the company said as of July 31 it had produced 18,723 AuEq ounces year-to-date and continued to be in line with its planned production target of 18,562 AuEq ounces for the same period.
"Although the team in Colombia faced a development phase with grades slightly below the projected yearly average, they continued to deliver on our operational goals,” the company’s president and CEO Javier Cordova commented.
“We anticipate an improvement in the average grade over the remainder of the year and are confident in our ability to continue to meet our aggressive production forecast.”
Soma Gold 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.
Contact the author at stephen.gunnion@proactiveinvestors.com