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Soma Gold Ends Strike at El Bagre Operation

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Soma Gold Ends Strike at El Bagre Operation

Meet Your ETF AI Analyst

An update from Soma Gold ( (TSE:SOMA) ) is now available.

Soma Gold Corp. has successfully reached an agreement with the union representing its El Bagre operation employees, ending a 57-day strike. The resolution was facilitated by the Colombian Vice Ministry of Labor, and Soma is now preparing to restart operations and assess the financial impact of the strike.

The most recent analyst rating on (TSE:SOMA) stock is a Buy with a C$1.50 price target. To see the full list of analyst forecasts on Soma Gold stock, see the TSE:SOMA Stock Forecast page.

Spark’s Take on TSE:SOMA Stock

According to Spark, TipRanks’ AI Analyst, TSE:SOMA is a Outperform.

Soma Gold’s overall stock score is driven primarily by its strong financial performance, characterized by robust revenue growth and profitability. The valuation is attractive, supporting the score. However, technical analysis indicates potential short-term weakness, which slightly tempers the overall score.

To see Spark’s full report on TSE:SOMA stock, click here.

More about Soma Gold

Soma Gold Corp. is a profitable mining company focused on gold production and exploration. It owns over 43 square kilometers of mineral concessions along the OTU fault in Antioquia, Colombia, and operates two fully permitted mills with a combined milling capacity of 675 tpd. The company is committed to sustainability and community engagement and also has an exploration property in Brazil under option to Ero Copper Corp.

Average Trading Volume: 325,656

Technical Sentiment Signal: Buy

Current Market Cap: C$144.2M

Learn more about SOMA stock on TipRanks’ Stock Analysis page.

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