SOMA GOLD REPORTS THIRD QUARTER FINANCIAL RESULTS

Highlights:

• Manufacturing, income, and web revenue had been negatively affected by the labor disruption, which shut down operations from September 9 via November 5, 2025, leading to a lack of 22 manufacturing days in Q3.
• Income for Q3 2025 was $18.1 million, and $69.0 million for the 9 months ended September 30, 2025 – a rise of $4.6 million (7%) in comparison with the 9 months ended September 30, 2024, regardless of the work stoppage.
• Internet revenue was $0.4 million in Q3 and $5.2 million for the 9 months ended September 30, 2025, in comparison with $0.6 million for the 9 months ended September 30, 2024, regardless of the work stoppage.
• EBITDA⁽¹⁾ was $6.2 million for the quarter and $27.8 million for the 9 months ended September 30, 2025, in comparison with $22.7 million for a similar nine-month interval in 2024, regardless of the work stoppage.
• EBITDA⁽¹⁾ per share was $0.06 in Q3 and $0.29 for the 9 months ended September 30, 2025 – a rise of $0.04 per share (16%) in comparison with the identical interval in 2024.
• Soma bought 4,068 AuEq ounces in Q3 and 16,111 ounces within the 9 months ended September 30, 2025, in comparison with 20,845 ounces bought within the first 9 months of 2024.
• The typical realized money margin per gold ounce bought⁽¹⁾ was US$1,676 in Q3 and US$1,643 for the 9 months ended September 30, 2025 – a rise of $585 (55%) in comparison with the identical interval in 2024.
• In Q3, Soma raised gross proceeds of $17.3 million in a personal placement by issuing 14,997,826 models at $1.15 per unit (see information launch dated August 20, 2025).
• The Firm made money funds of $5.0 million in the direction of its long-term debt and transformed a further $10.0 million of the mortgage to fairness on the identical phrases because the personal placement (see information launch dated August 18, 2025).

Soma Gold Corp. (TSXV: SOMA,OTC:SMAGF) (WKN: A2P4DU) (OTC: SMAGF) (the “Firm” or “Soma”) is happy to announce that its Monetary Statements and MD&A for the three and 9 months ended September 30, 2025 and 2024 have been filed on SEDAR+ and are additionally accessible on the Firm’s web site.

Operations Overview – 9 Months Ended September 30, 2025

• The Firm’s unionized staff at its El Bagre Gold Mining Advanced had been on strike from September 9 till a brand new settlement was reached on November 5. Operations there have been halted throughout this era, together with 22 manufacturing days within the present quarter (see information launch dated November 5, 2025). The shutdown additionally resulted in further upkeep necessities to restart the mill; nonetheless, a return to full manufacturing ranges is predicted by mid-December.
• Soma produced 4,148 AuEq ounces in Q3 2025 and 16,168 ounces for the 9 months ended September 30, 2025 (in comparison with 20,565 AuEq ounces for the 9 months ended September 30, 2024).
• Revenue from mining operations was $5.3 million in Q3 2025 and $20.8 million for the 9 months ended September 30, 2025 (in comparison with $17.0 million for the 9 months ended September 30, 2024).
• Internet revenue was $0.4 million in Q3 2025 and $5.2 million for the 9 months ended September 30, 2025 (in comparison with $0.6 million for a similar interval in 2024).
• Internet revenue per share was $0.00 in Q3 2025 and $0.05 for the 9 months ended September 30, 2025 (in comparison with $0.01 per share for the 9 months ended September 30, 2024).
• Cordero Operations reported attributable money prices per ounce of gold bought⁽¹⁾ of US$1,633 in Q3 2025 and US$1,489 for the 9 months ended September 30, 2025 (in comparison with US$1,261 for the 9 months ended September 30, 2024).
• Money available on September 30, 2025, was $16.7 million

Monetary and Working Highlights for the Three and 9 Months Ended September 30, 2025 and 2024

Geoff Hampson, Soma’s President and CEO, states, “The outcomes for the quarter had been under expectations as a result of strike by the Firm’s unionized staff, which resulted within the lack of 22 working days. The interruption decreased gold manufacturing and income by roughly 1,500 ounces, or $7.7 million, and lowered EBITDA by roughly $3.1 million.” Hampson additional states, “We’re targeted on finishing the required repairs to the thickener and leach tanks, the place injury occurred as a result of extended inactivity. Whereas these repairs are underway, we’re working at roughly 75% of full throughput and anticipate to return to full capability by mid-December. I’m happy to have our staff again at work and am assured we are able to rapidly restore the sturdy working relationships which have lengthy been a trademark of our operations.”

He provides: “Our enlargement plan stays firmly on monitor. We anticipate larger manufacturing ranges subsequent yr as further mining areas at Aurora and Escondida come on-line and as we advance the formalization of the Diamantina, Lemoncito Norte, and different small mines on our property. With the labor dispute now behind us, we’re shifting ahead with renewed focus and a dedication to making use of the teachings discovered to strengthen our operations. Finally, it’s clear that nobody advantages from a strike, and we stay devoted to constructing a steady, productive, and collaborative working surroundings for all.” 

The Firm additional publicizes the grant of 250,000 inventory choices to an officer of the Firm pursuant to its fairness incentive plan. The inventory choices vest over three years, have an train value of $1.61 per share, and expire 5 years from the date of grant.

ABOUT SOMA GOLD

Soma Gold Corp. (TSXV: SOMA,OTC:SMAGF) is a mining firm targeted on gold manufacturing and exploration. The Firm owns two adjoining mining properties in Antioquia, Colombia, with a mixed milling capability of 675 TPD. (Permitted for 1,400 TPD). The el Bagre Mill is at present working and producing. Internally generated funds are getting used to finance a regional exploration program.

With a strong dedication to sustainability and group engagement, Soma Gold Corp. is devoted to attaining excellence in all elements of its operations.

The Firm additionally owns an exploration property close to Tucuma, Para State, Brazil that’s at present below choice to Ero Copper Corp.

On behalf of the Board of Administrators

“Geoff Hampson”
Chief Government Officer and President

For additional data, please contact Andrea Laird, phone: +1-604-259-0302

Neither the TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.

All statements, evaluation and different data contained on this press launch about anticipated future occasions or outcomes represent forward-looking statements. Ahead-looking statements are sometimes, however not at all times, recognized by way of phrases similar to “search”, “anticipate”, “imagine”, “plan”, “estimate”, “anticipate” and “intend” and statements that an occasion or outcome “might”, “will”, “ought to”, “may” or “would possibly” happen or be achieved and different comparable expressions. Ahead-looking statements are topic to enterprise and financial dangers and uncertainties and different elements that might trigger precise outcomes of operations to vary materially from these contained within the forward-looking statements. Ahead-looking statements are primarily based on estimates and opinions of administration on the date the statements are made. The Firm doesn’t undertake any obligation to replace forward-looking statements even when circumstances or administration’s estimates or opinions ought to change besides as required by relevant legal guidelines. Buyers shouldn’t place undue reliance on forward-looking statements.

SOURCE Soma Gold Corp.

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