Soma produced 7,335 AuEq ounces in Q1-2024 – an 8% increase over the 6,796 AuEq ounces produced in Q1-2023. Revenue for the quarter was up 21% to $19.3 million.  Adjusted EBITDA(1) was $6.3 million for the quarter, which was largely consistent with $6.8 million in Adjusted EBITDA(1)  recorded in Q1-2023.  Transition to new Mining Method progressed in Q1 resulting in the expected, temporarily higher production costs, which are expected to fall in Q2 and for the balance of the year Total cash costs per ounce of gold sold(1) was US$1,192, and the average realized cash margin(1) was US$894, compared to US$983 in Q1-2023.   VANCOUVER, BC, June 3, 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 Three Months Ended March 31, 2024 and 2023 have been filed on SEDAR and are available at the following link:  https://bit.ly/Q1FS2024Soma or on the Company's website. Operations Review – Three Months Ended March 31, 2024 Total AuEq production of 7,335 ounces from the Cordero Mine and the el Bagre Milling Operations. Codero Operations reported attributable cash costs per ounce of gold sold(1) of US$1,192 and an AISC(1) of US$1,760 per ounce. Income from mining operations of $4.3 million. EBITDA(1) of $6.0 million and adjusted EBITDA(1) reaching $6.3 million. Net loss of $0.1 million or $0.00 per share. Adjusted EBITDA(1) per share of $0.07. Outlook for the balance of 2024 Continue exploration of the expanded property package along the Otu fault to build total resources and identify the next mine on the Company's Antioquia properties. Bring the permitted Machuca mine into production and complete the permit application process for the Nechi mine to increase minable resources to feed ...