VANCOUVER, BC, Aug. 30,
2023 /CNW/ - Soma Gold Corp. (TSXV: SOMA)
(WKN: A2P4DU) (OTC: SMAGF) (the "Company" or "Soma")
announces that the Company's second quarter Financial Statements
and MD&A have now been filed on SEDAR+ and can be viewed using
the following link:
bit.ly/3YYiuUw.
The Company also advises readers to note that there was a
typographical error in the Press Release dated August 29th, 2023. That Press Release
should have stated that the AISC for the Quarter and the First Half
ending June 30, 2023 were
$1,268 and $1,258 per ounce, respectively.
ABOUT SOMA GOLD
Soma Gold Corp. (TSXV: SOMA) is a mining company focused on gold
production and exploration. The Company owns two adjacent mining
properties in Antioquia, Colombia
with a combined milling capacity of 675 tpd. (Permitted for 1,400
tpd). The El Bagre Mill is currently operating and producing.
Internally generated funds are being used to finance a regional
exploration program.
The Company also owns an exploration property near Tucuma, Para
State, Brazil that is currently
under option to Ero Copper Corp.
On behalf of the Board of Directors
"Javier Cordova Unda"
Chief Executive Officer and
President
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
(1) This news
release refers to certain financial measures, such as EBITDA,
Adjusted EBITDA, average realized price per ounce of gold sold, and
total cash costs per ounce of gold sold which are not measures
recognized under IFRS and do not have a standardized meaning
prescribed by IFRS. These measures may differ from those made by
other companies and accordingly may not be directly comparable to
such measures as reported by other companies. These measures have
been derived from the Company's financial statements because the
Company believes that they are of benefit in understanding the
Company's results. For a complete explanation of these measures,
please refer to Non-IFRS Financial Performance Measures disclosure
included in the Company's MD&A for the Three and Six Months
Ended June 30, 2023 and 2022 which
can be accessed at www.sedar.com.
All statements, analysis and other information contained in
this press release about anticipated future events or results
constitute forward-looking statements. Forward-looking statements
are often, but not always, identified by the use of words such as
"seek", "anticipate", "believe", "plan", "estimate", "expect" and
"intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar
expressions. Forward-looking statements are subject to business and
economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those
contained in the forward-looking statements. Forward-looking
statements are based on estimates and opinions of management at the
date the statements are made. The Company does not undertake any
obligation to update forward-looking statements even if
circumstances or management's estimates or opinions should change
except as required by applicable laws. Investors should not place
undue reliance on forward-looking statements.
SOURCE Soma Gold Corp.