Soma Gold Corp. (TSX-V:SOMA) told investors it has reached a new two-year collective agreement with Sintramienergetica-Zaragoza, the union representing employees at its El Bagre gold complex in Antioquia, Colombia.
In a statement, the company said the new agreement, which runs until September 30, 2025, replaces a one-year contract the company entered with the union last year after a two-week work stoppage.
"We are very pleased to announce that recent negotiations between the company and the union were cordial, constructive and productive, resulting in a new two-year agreement,” commented Soma Gold president and CEO Javier Cordova.
“We appreciate the teams' hard work on both sides of the negotiation.”
Soma Gold 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 (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