Soma Gold Corp

Soma Gold Outlines Multi-Mine Production Ramp Toward 60,000+ Ounces by 2028

Soma Gold Outlines Multi-Mine Production Ramp Toward 60,000+ Ounces by 2028

Overview

Soma Gold Corp. (TSXV: SOMA | OTCQB: SMAGF) has provided a comprehensive production update and operational outlook for its Colombian gold mining operations. The company reported actual Q1 2026 production of 3,617 gold-equivalent ounces and outlined a ramp-up across multiple mines targeting total 2026 production of 23,489 AuEq ounces, with an annual run rate of approximately 33,756 AuEq ounces by year-end.

According to the company, production is expected to accelerate meaningfully in the second half of the year as new mines come online and processing capacity increases at the El Bagre mill. Soma Gold stated it is targeting approximately 5,000 AuEq ounces per month by 2027, with a longer-term goal of 60,000 to 65,000 ounces annually by 2028.

Key Highlights

  • Q1 2026 actual production of 3,617 AuEq ounces, with forecast 2026 total production of 23,489 AuEq ounces
  • Sensor-based XRT sorting equipment has arrived on-site at the El Bagre mill, with commissioning targeted for early Q3 2026 to increase capacity from 450 TPD to 650 to 700 TPD
  • Aurora mine nearing production readiness, with initial output expected May to June 2026
  • Escondida mine, acquired in December 2025, targeting production resumption in June 2026 at 10 to 20 TPD at approximately 9 g/t Au
  • Diamantina underground production anticipated in Q3 2026 at approximately 40 TPD
  • El Limon mill operating at approximately 100 TPD following Phase 1 remediation, with full production expected Q4 2026
  • Company targeting a year-end 2026 annual run rate of 33,756 AuEq ounces

Operational Context

The Cordero mine, Soma Gold’s primary producing asset, has stabilized production at 425 to 450 tonnes per day. The company acknowledged that it experienced lower-than-expected realized grades and higher dilution, which it is addressing through increased grade control drilling and faster reconciliation processes. Expansion into the Cordero Viejo area, deeper levels of the Victoria zone, and vein remnant pillars is expected to improve production by mid-Q2 2026.

A significant near-term catalyst is the commissioning of XRT sorting technology at the El Bagre mill. According to the company, this sensor-based equipment is designed to deliver approximately 450 TPD of higher-grade feed at 5.8 to 6.2 g/t gold by pre-sorting run-of-mine material, effectively increasing mill throughput capacity to 650 to 700 TPD.

Production Forecast

  • Q1 2026 (Actual): 3,617 AuEq ounces
  • Q2 2026 (Forecast): approximately 3,828 AuEq ounces
  • Q3 2026 (Forecast): approximately 7,605 AuEq ounces
  • Q4 2026 (Forecast): approximately 8,439 AuEq ounces
  • 2026 Total: 23,489 AuEq ounces
  • 2027 Target: approximately 5,000 AuEq ounces per month
  • 2028 Target: 60,000 to 65,000 ounces annually

What to Watch Next

  • Commissioning of XRT sorting equipment at El Bagre mill in early Q3 2026
  • Aurora mine initial production expected May to June 2026
  • Escondida mine production resumption targeted for June 2026
  • Diamantina underground operations anticipated Q3 2026
  • El Limon mill reaching full production capacity in Q4 2026

About Soma Gold Corp.

Soma Gold Corp. (TSXV: SOMA) is a profitable mining company focused on gold production and exploration. The Company owns over 430 square kilometers of mineral concessions following the prolific OTU fault in Antioquia, Colombia, and two fully permitted mills located within 25 kilometers of each other, with a combined milling capacity of 675 TPD.

Read the full press release here.

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