A record 32,340 AuEq ounces were produced in 2023 – a 40% increase from the previous year. Q4-2024 AuEq production was up 25% to 7,234 ounces. Revenue for the year rose by 53% to $81.1 million. Income for 2023 reached $2.8 million, compared to $0.3 million in 2022. Q4-2024 revenue climbed 46% to $19.4 million. Adjusted EBITDA(1) reached $31.8 million, an 83% increase over the previous year. For Q4-2024, Adjusted EBITDA(1) of $5.1 million was 116% higher than Q4 of 2022.  Total cash costs per ounce of gold sold(1) for 2023 was US$983, slightly lower than the US$1,002 reported in the previous year.  VANCOUVER, BC, April 30, 2024 /CNW/ - Soma Gold Corp. (TSXV:SOMA) (WKN: A2P4DU) (OTC:SMAGF) (the "Company" or "Soma") is pleased to announce that the Company's Financial Statements and MD&A for the Years Ended December 31, 2023 and 2022 have been filed on SEDAR+ and are available on the Company website. 2023 Operational and Financial Highlights Total AuEq production of 32,340 ounces from the Cordero Mine and the el Bagre Milling Operations. Cordero Operations had an attributable cash cost per ounce of gold sold(1) of US$983 and an All-In Sustaining Cost (AISC)(1) of US $1,510 per ounce. Income from mining operations reached $28.0 million. Total Comprehensive income stood at $11.5 million compared to a loss of $2.6 million in 2022. EBITDA(1) of $31.1 million and adjusted EBITDA(1) of $31.8 million. Net income for the year of $2.8 million or $0.03 per share, a significant increase from the net income of $257,000 in 2022. Adjusted EBITDA(1) per share of $0.35 An increase in Au recovery for the full year to 88.3% in 2023, up from 87.2% in 2022. Full Year 2024 Outlook Exploration of the expanded property package along the Otu fault to continue to build total resources and identify the next mine on the Company's Antioquia properties. Continue to formalize the operations of small miners working on the Company's concessions, aiming for 10% of its production to come from these formalized small miners. Finalize plans to restart the el Limon Mill to process both excess ...