Soma Gold sees record gold sales for 2022 with 30% increase
Vancouver
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May 05, 2023 12:35 PM Eastern Daylight Time
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.
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