Northwire Canada EditionTuesday, August 11, 2026
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Earnings

SOMA GOLD REPORTS THIRD QUARTER FINANCIAL RESULTS

By The Northwire Desk — AI Analysis Nov 28, 2025 · 18:15 SOMA · 1.61 Soma Gold Corp.
SOMA · Price

Executive Summary

  • Soma Gold reported Q3 2025 revenue of $18.1 M and nine‑month revenue of $69.0 M, a 7% YoY increase despite a labor strike that shut down operations for 22 days.
  • Net income was $0.4 M for the quarter and $5.2 M for the nine months ended September 30 2025, modestly below the comparable period in 2024.
  • The company raised $17.3 M gross proceeds from a private placement (14,997,826 units at $1.15 per unit) and used cash to repay $5.0 M of long‑term debt and convert an additional $10.0 M of loan to equity.

Key Details

  • Production Impact: Strike from 9 Nov to 5 Nov halted El Bagre operations, causing loss of 22 production days in Q3.
  • Gold Production: 4,148 AuEq oz produced in Q3; 16,168 AuEq oz for the nine‑month period (down from 20,565 oz YoY).
  • Revenue: $18.1 M in Q3; $69.0 M for nine months (↑$4.6 M or 7% YoY).
  • Net Income: $0.4 M in Q3; $5.2 M for nine months (down from $0.6 M and $5.9 M respectively in 2024).
  • EBITDA(1): $6.2 M in Q3; $27.8 M for nine months (↑ from $22.7 M YoY).
  • EBITDA per Share: $0.06 in Q3; $0.29 for nine months (↑ $0.04 or 16% YoY).
  • Gold Sales: 4,068 AuEq oz sold in Q3; 16,111 oz for nine months (down from 20,845 oz in prior year).
  • Cash Margin: US$1,676 per oz sold in Q3; US$1,643 for nine months (↑ $585 or 55% YoY).
  • Private Placement: Gross proceeds $17.3 M; 14,997,826 units at $1.15/unit.
  • Debt Management: Paid $5.0 M toward long‑term debt; converted additional $10.0 M of loan to equity on same terms as the private placement.
  • Cash Position: Cash on hand $16.7 M as of September 30 2025.
  • Operating Costs: Attributable cash costs per ounce sold – US$1,633 in Q3; US$1,489 for nine months (vs. US$1,261 YoY).
  • Future Outlook: Management expects return to full production by mid‑December and higher production next year as additional mining areas come online.

Notable Quotes

“The results for the quarter were below expectations due to the strike… we are operating at approximately 75% of full throughput and expect to return to full capacity by mid‑December.” – Geoff Hampson, President & CEO

“Our expansion plan remains firmly on track… we expect higher production levels next year as additional mining areas come online.” – Geoff Hampson, President & CEO

Materiality Assessment: Material – Neutral (the release contains significant financial and operational information that could influence investor decisions, though the net impact is mixed).

Read the original news release →

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