SOMA GOLD REPORTS RECORD FIRST QUARTER FINANCIAL RESULTS
Revenue for the first quarter of 2025 was $27.9 million – an increase of 44% from 2024-Q1.
Net income for the quarter was $3.2 million, compared to a loss of $0.2 million in 2024-Q1
Adjusted EBITDA (1) for the quarter was $13.5 million compared to $6.3 million for the same period in 2024, and unadjusted EBITDA (1) was $12.4 million, double the $6.0 million EBITDA (1) recorded in 2024-Q1.
Soma sold 6,843 AuEq ounces in the current quarter, compared to 7,024 AuEq ounces in 2024-Q1.
The average realized cash margin (1) was US$1,642 in the current quarter, compared to US$894 in 2024-Q1.
EBITDA (1) per share was $0.14 in the current quarter, compared to $0.07 in 2024-Q1.
The Company reduced Long Term Debt by $2.5 million in the quarter
VANCOUVER, BC, May 29, 2025 /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, 2025 and 2024 have been filed on SEDAR+ and are also available on the Company's website.
Operations Review – Quarter Ended March 31, 2025
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CTV News
an hour ago
- CTV News
No deal, higher tariffs: A new reality
No one is surprised U.S. president Donald Trump hiked tariffs on all Canadian goods not covered by the Canada-U.S.-Mexico trade agreement from 25 to 35 percent. 'We hopefully will get to a point where Canada, the U.S. will have a solid trading relationship that is terror free,' Mayor Drew Dilkens told CTV News. Ryan Donally concurred. 'A huge and very important relationship that needs to be ironed out between Canada and the U.S.,' he said. The President of the Windsor-Essex Regional Chamber of Commerce said the uncertainty is keeping the auto industry from business as usual. 'Nobody's moving forward because they don't know what the pricing is going to be,' Donally noted. 'They don't know who's going to be incurring any of these costs and as a result it's affecting Windsor greatly.' Dilkens pointed out the volatility is surfacing in the auto sector. 'You see Stellantis reporting billion-dollar quarterly losses, and the rest of the OEMs aren't far behind. That is just the signal that the pressure is building,' he said. Dilkens warned that if the auto sector hits a tipping point, production cutbacks could happen, or the costs will be passed on to the consumers on both sides of the border. 'The U.S. has 4.2 per cent unemployment that by all economic standards is full employment in an economy. Where are they getting the people even if they can repatriate all the factories? We have to find a pathway that allows us both to win.' Unifor Local 444 President James Stewart feels if the Canadian government had locked into an agreement similar to the one the U.S. brokered with the E.U., the writing would have been on the wall for the Assembly Plant. 'If we get locked into a bad deal long term, it is much worse than not having a deal, getting these 35 per cent tariffs in place,' he said. 'There's no way Stellantis, for example, here in Windsor, would pay a 15 per cent tariff. If you're talking billions of dollars a year, there's no way they could sustain that long term.' He said the Detroit three, including Stellantis in Windsor, are breaking down the thousands of parts and providing proof they are compliant to the U.S., in order to lower tariffs as much as possible. In the meantime, the last two months have been a rollercoaster, according to Stewart, with layoff weeks, smooth shifting weeks, and overtime opportunities at the Assembly Plant. He said the government needs to leverage Canada's position as an important trade partner. 'The importance of what's happening on a national level and this trade agreement is more vital, I think, than most people realize,' Stewart said. Donally is hopeful a good deal is within reach. 'Our economies are extremely tied together, so if it means that it takes a little bit more time to get a great deal for Canada, I very much support that. I'm sure our businesses also agree,' he said.
National Post
2 hours ago
- National Post
Cinelease Acquired by Zello to Power the Next Era of Global Film & TV Production
Strategic acquisition expands production infrastructure, strengthens industry relationships, and unlocks scale across North America Article content LOS ANGELES — Zello, a private investment platform focused on scaling exceptional businesses in the broader entertainment industry, announced today that it has acquired Cinelease, a market leader in lighting and grip rentals, from Herc Rentals (NYSE: HRI). The transaction marks a defining move in Zello's strategy to support the infrastructure behind content creation — and power the future of global film and television production. Article content For over 45 years, Cinelease has been a trusted name in production support— renowned for its reliability, deep industry relationships, and service-first mindset. Under Zello's ownership, the company will continue to be led by industry veterans Mark Lamberton, Chris Rogers, and Gannon Murphy. Built on core values of responsiveness, dependability, and drive, Cinelease offers a robust inventory of lighting and grip equipment and serves as the professional manager of studio facilities owned by leading real estate investors. With operations spanning every major production hub in the U.S. and Canada, Cinelease supports thousands of film, television, and commercial productions annually through its integrated studio and equipment offerings. Article content Cinelease will operate as a standalone, privately held company backed by Zello's experienced team. With decades of operational expertise across studio management, equipment logistics, and production infrastructure, Zello will support Cinelease in deepening its market presence while remaining aligned with the needs of filmmakers and crews. This transition positions the company for disciplined expansion and reinforces its commitment to delivering world-class lighting, grip, and studio solutions. Article content 'Cinelease is built on trust—and a team that studios, crews, and producers have relied on for decades,' said Louis Dargenzio, CEO of Zello. 'This acquisition is about honoring that legacy while leaning into the future. We believe in this team, we believe in this brand, and we believe in the entertainment industry. We're excited to drive innovation and growth for our studio and production partners.' Article content 'This marks an exciting new chapter for Cinelease,' said Mark Lamberton, President of Cinelease. 'We're a company built on service, relationships, and delivering when it counts—led by people with a deep understanding of what it takes to make it happen. Zello brings deep respect for our foundation and the operational scale to help us go even further for the entertainment community. Together, we'll keep raising the bar for production support across North America.' Article content Zello was advised by Proskauer Rose LLP as legal counsel, EY as accounting advisor, and American Discovery Capital as financial advisor. Financing for the transaction was provided by MidCap Financial, a leading middle-market lender owned and managed by Apollo Global Management. Herc was advised by Sidley Austin LLP on legal matters and Goldman Sachs on financial matters. MidCap Financial was advised by Paul Hastings LLP on legal matters. Article content Article content About Cinelease Article content Founded in 1977, Cinelease is one of the most trusted names in production support—recognized for its reliability, deep industry relationships, and unwavering commitment to service. With operations across every major production hub in the U.S. and Canada, Cinelease supplies lighting and grip rentals, expendables, and sound stages to thousands of film, television, and commercial productions each year. Article content Cinelease also serves as the professional manager of studio facilities owned by leading real estate investors, offering an integrated platform that combines best-in-class equipment and scalable studio solutions. Its foundation is built on responsiveness, dependability, and drive—delivered by a deeply experienced team with an average tenure of over a decade. Article content From humble beginnings as a mom-and-pop operation to its evolution as an industry leader, Cinelease has remained true to its service-first ethos. Its culture is rooted in loyalty, collaboration, and a passion for supporting storytellers at every stage of production. Article content Zello is a next-generation investment platform where capital, creativity, and operational excellence converge. With core focus areas in content, high-growth businesses, and infrastructure, Zello builds, owns, and scales companies that power industries—starting with entertainment and expanding beyond. Article content Through an integrated approach, Zello combines disciplined investment, physical assets, and seasoned operating talent to scale proven models and back bold ideas. The platform is purpose built to help exceptional teams unlock long-term value and build enduring businesses. Article content Article content Article content Article content Contacts Article content Media Contact: Article content Article content Article content
CTV News
3 hours ago
- CTV News
CTV National News: U.S. added just 73,000 jobs in July
Watch U.S. President Donald Trump has ordered the firing of the head of the Bureau of Labor Statistics after job numbers were lower than expected in July.
