Soma’s El Bagre Gold Mining Complex is located approximately 167 km north-northeast of Medellín in the Department of Antioquia, Colombia. Soma produced 23,115 ounces of gold at its El Bagre Mill in 2022 – an increase of 30% from the previous year. Soma’s production forecast for 2023 is a further 50% increase to 35,500 ounces of gold produced.
The increased gold production will be driven by:
- Increased throughputs as mechanized mining is implemented at the Cordero Mine.
- Higher average gold grades as our legacy La Ye and Mangos Mines are mined out, and substantially all 2023 ore will be sources from the higher-grade Cordero Mine.