Soma Gold posts record gold sales for 2022, up 30%

Soma Gold CEO Javier Cordova joined Steve Darling from Proactive to share news the company has announced its full-year financial and operating results which reveal record numbers. Cordova telling Proactive the company saw record gold sales of 23,115 ounces in 2022, a 30% increase from the previous year. The company generated $17.3 million of adjusted EBITDA, a 53% increase from the prior year.

Cordova said he 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. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com Copyright (c) 2023 TheNewswire - All rights reserved.