SOMA GOLD REPORTS FIRST QUARTER FINANCIAL RESULTS

Soma Gold Corp. reported Q1 2026 results showing significant operational challenges. Revenue declined 19% to $22.5 million, adjusted EBITDA fell 65% to $4.7 million, and the company posted a net loss of $2.1 million versus prior year income of $3.2 million. The decline was driven by operational disruptions following a labor strike, mechanical issues at the El Bagre Mill, and a sharp reduction in ore grade at the Cordero mine (3.58 gpt vs. 6.25 gpt average). Gold equivalent ounces sold dropped 45% to 3,788 ounces. Management expects improvement in H2 2026 as higher-grade mining areas are accessed and feed from other mines ramps up.