Geoff Hamsonsays the CEO of Soma: “We are very grateful for the help and guidance of Deputy Minister Sandra Muñoz who helped resolve the latest issues and are looking forward to restarting operations as soon as possible. The company’s negotiating team should be commended for the long hours and hard work it took to achieve this outcome and for that we are very grateful and appreciative.” Hampson further states: “Now that the strike is over, we will analyze the financial impact and update the full year balance sheet guidance in the coming days. The guidelines for 2026 remain unchanged.”
ABOUT SOMA GOLD
Soma Gold Corp. (TSXV: SOMA,OTC:SMAGF) is a profitable mining company focused on the production and exploration of gold. The company owns more than 43 square kilometers of mining concessions following the prolific OTU fault in Antioquia, Colombia and two fully permitted mills within 15 miles of each other, with a combined milling capacity of 675 tons per day. The El Bagre mill is running at 450 TPD and the El Limon mill is expected to resume operations in the third quarter of 2025. Internally generated funds are used to finance a regional exploration program.
With a solid commitment to sustainability and community involvement, Soma Gold Corp. committed to achieving excellence in all aspects of its activities.
The company also owns an exploration site near Tucuma, Para State, Brazil which is currently under option with Ero Copper Corp.
On behalf of the Board of Directors
“Geoff Hampson”
General Manager and Chairman
Forward-Looking Information and Cautionary Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) within the meaning of applicable securities laws. Forward-looking information in this press release may include, but is not limited to: statements regarding the expected restart of operations, the timing and sequence of start-up activities, production expectations, workforce reintegration and operating results following the end of the strike.
Forward-looking information is based on a number of assumptions, including that labor relations will remain stable, restart preparations will proceed as planned, the company will have access to necessary personnel, supplies, financing and infrastructure, and that external conditions (including regulatory, safety and market conditions) will remain supportive. There can be no guarantee that these assumptions will prove to be correct.
Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied. These risks include, but are not limited to: risks related to labor relations and labor availability, delays or difficulties in restarting production, operational and technical challenges, changes in licensing or regulatory conditions, fluctuations in commodity prices and exchange rates, political or community-related developments in Colombiaand general economic conditions.
Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update or revise any forward-looking statements, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Soma Gold Corp.
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