Highlights:
- Revenue for the year was $87.3 million – a decrease of 2% from 2024. Revenue for 2025-Q4 was $18.2 million – a decrease of 27% from 2024-Q4.
- Production, revenue, and net income were negatively affected by the labour disruption, which shut down operations from September 9 through November 5, 2025, resulting in a loss of 58 production days between Q3 and Q4.
- Total Comprehensive Income for the year, net of foreign currency translation adjustments, was $1,285,198, compared to $984,418 in the prior year.
- The net loss for the year was $2.9 million, compared to a net income of $4.2 million in 2024. The net loss for 2025-Q4 was $8.1 million, compared to a net income of $3.7 million in 2024-Q4.
- Adjusted EBITDA(1) per share was $0.31 for the year and $0.02 for 2025-Q4, compared to $0.36 for 2024 and $0.11 for 2024-Q4.
- Soma sold 18,869 AuEq ounces in 2025 compared to 27,668 AuEq ounces in 2024. In 2025-Q4, 2,758 AuEq ounces were sold, compared to 6,823 AuEq ounces in 2024-Q4.
- The average realized cash margin per gold ounce sold(1) for the year was US$1,588, compared to US$1,152 in 2024.
- In 2025, Soma raised gross proceeds of $17.3 million in a private placement by issuing 14,997,826 units at $1.15 per unit (see news release dated August 20, 2025).
- The Company reduced its long-term debt during the year by making cash payments of $5.0 million and converting $10.0 million into equity on the same terms as the private placement (see news release dated August 18, 2025).
VANCOUVER, BC, May 1, 2026 /CNW/ – Soma Gold Corp. (TSXV:SOMA) (WKN: A2P4DU) (OTC:SMAGF) (the “Company” or “Soma“) is pleased to announce that its Financial Statements and MD&A for the years ended December 31, 2025 and 2024 have been filed on SEDAR+ and are also available on the Company’s website.
Operations Review – Year Ended December 31, 2025
- The Company’s unionized workers at its El Bagre Gold Mining Complex were on strike from September 9 until a new agreement was reached on November 5. Operations were halted during this period, including 22 production days in 2025-Q3 and 36 production days in 2025-Q4 (see news release dated November 5, 2025). The shutdown also resulted in additional maintenance requirements to restart the mill. The Mill returned to full production levels in Q1 2026.
- Soma produced 2,502 AuEq ounces in 2025-Q4 and 18,669 AuEq ounces for the year ended December 31, 2025 (compared to 27,460 AuEq ounces for the …