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FINWIRES

Soma Gold Announces Production and Delivery From the Escondida Mine in Colombia

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Soma Gold (SOMA.V) on Monday said shipments of mined material from the Escondida Mine to the El Bagre Gold Complex have begun.

The Escondida Mine resumed production following completion of the first phase of underground rehabilitation, said the company, and adding that the second portal also sustained damage during recent flooding and repair work is ongoing.

Initial production has started at 10 tonnes per day and is expected to increase to 20 TPD in the second half of 2026, it stated.

Further development work is required to reach the permitted capacity of 40 TPD, which is targeted for the first quarter of 2027, stated the company.

The mining license may be increased further pending results of the a drilling program, which is underway on the property, said the company and further added that completion of access road repairs has enabled haul trucks to reach the mine site, with mined material now being delivered directly to the El Bagre Gold Complex.

"The commencement of deliveries from Escondida, combined with improved grades at the Cordero Mine, will bring gold production at El Bagre to the levels we had been anticipating for Q1," said chief exexutive Geoff Hampson. "Over the coming months, shipment volumes and frequency will increase further, and we expect deliveries from the Aurora Mine to commence within weeks. Together, these developments position Soma for a strong second half of 2026. We continue to source feed material from Lemoncito Norte, El Limon, Diamantina, and other formalized and legal mining operations in the region."

The company's shares were last seen down $0.02 to $0.86 on the TSX Venture Exchange.

Price: $0.86, Change: $-0.02, Percent Change: -2.27%

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