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Production / Operations

Soma Gold, union reach agreement to end strike

By The Northwire Desk — AI Analysis Nov 05, 2025 · 18:50 SOMA · 1.22 Soma Gold Corp.
SOMA · Price

Executive Summary

  • Soma Gold Corp. has reached an agreement to end an 88-day strike at its El Bagre operation in Colombia, following mediation by the Colombian vice-ministry of labour.
  • The company intends to restart operations as soon as possible and will analyze the financial impact of the strike in the coming days.
  • While the financial impact is being assessed, the company confirmed that its 2026 guidance remains unchanged.

Key Details

  • Strike Resolution: The strike lasted 57 days, preceded by 88 days of negotiations and 20 meetings.
  • Mediation: The agreement was facilitated by the intervention and mediation of Sandra Munoz, the Colombian vice-minister of labour.
  • Operational Status: The El Bagre mill (operating at 450 tonnes per day) is expected to restart operations soon.
  • Financial Guidance: 2026 guidance is unchanged; the company is currently analyzing the financial impact of the strike for the remainder of the current year.
  • Company Operations: Soma Gold owns two fully permitted mills with a combined capacity of 675 tonnes per day (El Bagre at 450 tpd; El Limon slated to restart in Q3 2025).
  • Exploration: The company is using internally generated funds to finance a regional exploration program and holds an exploration property near Tucuma, Brazil, under option to Ero Copper Corp.

Notable Quotes

  • "We are very thankful for the assistance and guidance provided by vice-minister Sandra Munoz, who helped resolve the final issues, and look forward to restarting operations as soon as possible." — Geoff Hampson, CEO
  • "Now that the strike is over, we will be analyzing the financial impact and updating guidance for the balance of the year in the coming days. Guidance for 2026 will be unchanged." — Geoff Hampson, CEO
Read the original news release →

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