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Soma Gold reports record monthly gold production in May

Kitco Media
By Vladimir Basov
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Updated
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(Kitco News) - Soma Gold (TSXV: SOMA) announced on Tuesday that the company produced 3,035 gold equivalent ounces in May, which is a monthly record.

Soma said that gold recovery for the month was 88.0%, adding that the trend of improving gold recovery rates continues, with a progression from 86.7% in 2021, 87.2% in 2022, to the current year-to-date rate of 88.6% in 2023.

President and CEO Javier Cordova commented, “The Cordero mine is operating according to the planned production schedule while maintaining development work one year ahead of mining activities. We are also making good progress on our objective of improving recovery by increasing the rate at the mill by nearly 2% during the past two years.”

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 tpd (permitted for 1,400 tpd). The El Bagre mill is currently operating and producing.

The company also owns an exploration property near Tucuma, Para State, Brazil that is currently under option to Ero Copper.

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Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

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