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Soma Gold reports Q1 2026 loss amid operational challenges and lower gold grades, expects improvement in H2.

Company Fundamentals
29 May 2026
Soma Gold Corp.
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Neutral
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Soma Gold Corp. reported a net loss of $2.1 million in Q1 2026, down from a $3.2 million profit in the same period last year. Revenue fell 19% to $22.5 million, impacted by operational disruptions following a labor strike and mechanical issues at the El Bagre Mill. Gold production dropped due to a lower average grade at the Cordero mine, but the company expects higher grades and increased feed from other mines to improve output and reduce costs in the second half of 2026. Adjusted EBITDA also declined significantly to $4.7 million from $13.5 million in Q1 2025.

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