Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Drill Results

SOMA GOLD ANNOUNCES THE COMMENCEMENT OF DRILLING ON PSYCHE 2 COPPER ANOMALY

Soma Pivots to Tech-Driven Expansion as Exploration Rigs Turn on New Copper-Gold Anomaly

By The Northwire Desk — AI Analysis Dec 23, 2025 · 04:15 SOMA · 1.66 Soma Gold Corp.
Executive Summary

The most recent news release (December 23, 2025) announces the commencement of Phase 1 drilling at the Psyche 2 copper-gold anomaly within the Machuca Project in Antioquia, Colombia. This follows the receipt of necessary permits. The program includes 4 to 5 diamond drill holes totaling approximately 2,000 meters. The target is a 4.5km soil anomaly coincident with a magnetic high. This drilling is designed to determine the style and tenor of mineralization and the type of host rock in the core of the magnetic anomaly.

Material Impact
  • Operational Impact: The news is an early-stage exploration update. While it represents the "turning of the bit" on a potentially large anomaly (4.5km strike), there are no assays yet. The primary material impact is the removal of the permitting bottleneck that had delayed this project.
  • Strategic Impact: This signals Soma’s shift toward expanding its commodity base (Copper-Gold) and moving beyond its immediate production footprint at El Bagre.
  • Contextual Importance: This news must be weighed against the December 19, 2025, announcement regarding a definitive agreement for a US$2.2M sensor-based sorting facility. That facility is arguably more material in the short term, as it targets a 62.5% upgrade in gold grade and a 55% mass rejection, which could effectively double throughput capacity without expanding the mill.
  • Financial Impact: Q3 2025 results were severely dampened by a 57-day labor strike (22 lost production days in Q3), resulting in a production loss of 5,000 ounces for the year. The current drilling and the ore-sorting project represent the company's attempt to regain momentum and hit 2026 production targets.
SOMA · Price
Company Overview

Soma Gold Corp. operates the El Bagre Gold Mining Complex in Antioquia, Colombia. - Flagship Project: The Cordero Mine, which feeds the El Bagre mill. - Secondary Assets: El Limon Mill (recently rehabilitated) and the Machuca Project (exploration). - Strategy: Utilizing internally generated cash flow and strategic financing to expand mill capacity via technology (ore sorting) and increase mine life through aggressive brownfield exploration.

Read the original news release →

More from Soma Gold Corp.

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Soma monetizes by-product silver via an NSR to bridge its liquidity gap.

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Soma highlights liquidity tightness amid grade decline and margin compression through its working capital bridge.

Financings Sep 15, 2026 · 04:20

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Drill Results Aug 28, 2026 · 18:02

Soma’s Colombia operations saw grades collapse, slashing cash margins below US$1,000/oz and widening losses.

Earnings Aug 18, 2026 · 04:20

Soma’s first Escondida hole confirms a vein, intersecting 0.65 m at 12.1 g/t.

Drill Results Jul 24, 2026 · 04:20

Aurora’s permit increase to 75 tpd offers a bright spot despite Q1 carnage and dilution casting a long shadow.

Production / Operations