Soma Gold seeing record numbers as company reports production and 1Q results
Vancouver
|
June 06, 2023 01:26 PM Eastern Daylight Time
Soma Gold CEO Javier Cordova joined Steve Darling from Proactive to share news the company has announced the its first-quarter production and financial results.
Cordova telling Proactive Soma achieved 1Q gold sales of 6,448 ounces, an increase of 52% from 1Q 2022 and the second-highest sales number in its history. The company also saw net income of $1.2 million on revenue of $16 million.
Cordova also shared with Proactive the company set another monthly gold production record of 3,035 ounces of gold in May, with the gold recovery sitting at 88%. The company is looking to achieve a recovery rate exceeding 90% by the end of 2024.
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