SOMA GOLD REPORTS RECORD FIRST QUARTER FINANCIAL RESULTS
Highlights:
Revenue for the first quarter of 2025 was $27.9 million – an increase of 44% from 2024-Q1.
Net income for the quarter was $3.2 million, compared to a loss of $0.2 million in 2024-Q1
Adjusted EBITDA (1) for the quarter was $13.5 million compared to $6.3 million for the same period in 2024, and unadjusted EBITDA (1) was $12.4 million, double the $6.0 million EBITDA (1) recorded in 2024-Q1.
Soma sold 6,843 AuEq ounces in the current quarter, compared to 7,024 AuEq ounces in 2024-Q1.
The average realized cash margin (1) was US$1,642 in the current quarter, compared to US$894 in 2024-Q1.
EBITDA (1) per share was $0.14 in the current quarter, compared to $0.07 in 2024-Q1.
The Company reduced Long Term Debt by $2.5 million in the quarter
VANCOUVER, BC, May 29, 2025 /CNW/ - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the " Company" or " Soma") is pleased to announce that the Company's Financial Statements and MD&A for the three months ended March 31, 2025 and 2024 have been filed on SEDAR+ and are also available on the Company's website.
Operations Review – Quarter Ended March 31, 2025
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