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Earnings

SOMA GOLD REPORTS SECOND QUARTER FINANCIAL RESULTS

By The Northwire Desk — AI Analysis Aug 28, 2025 · 21:02 SOMA · 1.43 Soma Gold Corp.
SOMA · Price

Executive Summary

  • Soma Gold reported Q2 2025 revenue of $23.0 M and six‑month revenue of $50.9 M, a 21% increase versus the prior year’s first half.
  • Net income turned positive at $1.6 M for Q2 and $4.8 M for the six months, compared with a loss of $0.6 M in H1 2024.
  • EBITDA rose 59% YoY to $9.1 M (Q2) and $21.5 M (six months), with per‑share EBITDA of $0.10 and $0.23 respectively.

Key Details

  • Revenue: Q2 2025 – $23.0 M; H1 2025 – $50.9 M (+21% YoY).
  • Net Income: Q2 2025 – $1.6 M; H1 2025 – $4.8 M (vs. loss of $0.6 M in H1 2024).
  • EBITDA(1): Q2 2025 – $9.1 M; H1 2025 – $21.5 M (+59% YoY).
  • EBITDA per Share: Q2 2025 – $0.10; H1 2025 – $0.23 (+53% YoY).
  • Gold Production: 5,200 AuEq oz sold in Q2; 12,043 oz sold in H1 2025 (vs. 14,233 oz in H1 2024).
  • Average Realized Cash Margin: $1,598/oz (Q2) and $1,628/oz (H1), up $669 (+70% YoY).
  • Debt Management: Paid $3.5 M of long‑term debt during the six months; converted an additional $10.0 M of loan to equity after period end.
  • Operating Highlights: Produced 5,377 AuEq oz in Q2 and 12,020 oz for H1 2025 (down from 13,925 oz in H1 2024). Income from mining operations $5.7 M (Q2) and $15.5 M (H1).
  • Cost Metrics: Cordero Operations cash cost per ounce – US$1,671 (Q2) and US$1,438 (H1) vs. US$1,263 in H1 2024.
  • Capital Projects: New 20×20 leach tank completed; el Limon Mill now operational; Ball Mill #1 targeting 100 TPD within two months; Ball Mill #2 gear installation slated for October, aiming for 200 TPD by year‑end. Anticipated production increase to 9,000–12,000 oz/year after Escondida acquisition integration.
  • Equity Incentive: Granted 100,000 stock options at $1.43 per share, three‑year term, vesting over 12 months (max 25% per three‑month period).

Notable Quotes

“The first half of 2025 delivered strong results… The second quarter’s production numbers were below target due to lower average‑grade ore and mechanical issues at the el Bagre Mill. These issues have now been resolved…” – Geoff Hampson, President & CEO

“…once the el Limon Mill is fully operational and processing higher‑grade ore from the recently announced Escondida acquisition, total annual production … is expected to increase to between 9,000 and 12,000 ounces per year.” – Geoff Hampson

Read the original news release →

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