10:59:06 EDT Thu 16 May 2024
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Soma Gold Corp
Symbol SOMA
Shares Issued 91,348,487
Close 2023-09-01 C$ 0.67
Market Cap C$ 61,203,486
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Soma reaches two-year labour deal with El Bagre workers

2023-09-05 10:03 ET - News Release

Mr. Javier Cordova reports

SOMA ANNOUNCES NEW COLLECTIVE AGREEMENT

Soma Gold Corp. and Sintramienergetica-Zaragoza, the union representing employees at the company's El Bagre gold complex in Antioquia, Colombia, have reached a new two-year collective agreement for the period ending Sept. 30, 2025. This new collective agreement replaces the one-year agreement the company entered last year after a two-week work stoppage.

Javier Cordova, president and chief executive officer, stated: "We are very pleased to announce that recent negotiations between the company and the union were cordial, constructive and productive, resulting in a new two-year agreement. We appreciate the teams' hard work on both sides of the negotiation."

About Soma Gold Corp.

Soma Gold is a mining company focused on gold production and exploration. The company owns two adjacent mining properties in Antioquia, Colombia, with a combined milling capacity of 675 tonnes per day (permitted for 1,400 tonnes per day). The El Bagre mill is currently operating and producing. Internally generated funds are being used to finance a regional exploration program.

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