SOMA GOLD IMPROVES EL BAGRE PROCESSING CIRCUIT, NEARS COMPLETION AT EL LIMON MILL, AND REDUCES DEBT
Rehabilitation of the El Bagre floatation circuit is complete, and full production throughput has resumed.
Construction of the additional leach tank at El Bagre Mill is complete with and the oxygen plant, motors, and controls are scheduled to be installed in July.
An additional C$1.0 million repayment was made on the Conex Loan.
Rehabilitation of the El Limon Mill will be completed by the end of June, with production ramp-up expected in Q3.
Stockpiling of ore at El Limon is underway.
VANCOUVER, BC, June 19, 2025 /CNW/ - Soma Gold Corp. (TSXV: SOMA) (WKN: A2P4DU) (OTC: SMAGF) (the " Company" or " Soma") is pleased to provide an operational and corporate update. In May 2025, Soma made a C$1.0 million principal repayment on the Conex loan in addition to the C$2.5 million repaid in March. The Company intends to continue repaying the loan from free cash flow through the remainder of 2025 and beyond. The terms of the loan require a balloon payment of principal and accrued interest on July 31, 2030. There are no penalties for partial or full early repayment.
Rehabilitation of the El Limon Mill is progressing on schedule, with commissioning and testing beginning by the end of June. A 3,000-tonne stockpile is currently being built on site. Ore processing is expected to begin in late June or early July, and production will ramp up to 100 tonnes per day (TPD) over a 60-day period, with further throughput increases planned thereafter.
The construction of a new 20x20 leach tank at El Bagre Mill is complete. Installation of the oxygen generator, internal mechanisms and controls is underway and expected to be completed and online by early August. All required components are on site. The new tank will increase leach residence time and is expected to improve gold recovery.
The Company has experienced minor recurring mechanical issues with the floatation circuit at the El Bagre Mill, resulting in reduced throughput. To address this, Soma's operations team implemented a full replacement of the gear mechanisms and controls of both floatation tanks. These upgrades were performed sequentially, temporarily reducing throughput to 50%. Repairs are now complete, and the mill has resumed full production.
Geoff Hampson, Soma's President and CEO, states, "We are very pleased with the progress at the El Limon Mill. The rehabilitation project is on schedule and below budget. El Limon was Soma's first Colombian asset, acquired in 2017. After investing approximately C$3 million over two years to expand the mill's capacity from 50 TPD to 225 TPD, the mill was placed on care and maintenance in 2019 following the acquisition of the El Bagre Mill. It has always been the goal to bring El Limon back online once sufficient feed material was available. We are pleased to be able to feed both mills and look forward to having them both operating in the coming months, increasing overall throughput and gold production by 20-40%. The restart of El Limon, combined with floatation and leaching improvements at El Bagre, positions Soma for higher production levels in 2026 and beyond."
ABOUT SOMA GOLD
Soma Gold Corp. (TSXV: SOMA) is a mining company focused on gold production and exploration. The Company owns two adjacent mining properties in Antioquia, Colombia, with a combined milling capacity of 675 tpd. (Permitted for 1,400 tpd). The El Bagre Mill is currently operating and producing. Internally generated funds are being used to finance a regional exploration program.
With a solid commitment to sustainability and community engagement, Soma Gold Corp. is dedicated to achieving excellence in all aspects of its operations.
The Company also owns an exploration property near Tucuma, Para State, Brazil that is currently under option to Ero Copper Corp.
On behalf of the Board of Directors
"Geoff Hampson"
Chief Executive Officer and President
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
All statements, analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements even if circumstances or management's estimates or opinions should change except as required by applicable laws. Investors should not place undue reliance on forward-looking statements.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Cision Canada
26 minutes ago
- Cision Canada
Detached housing values at Greater Vancouver's and Toronto's most affordable price points edge upward as buyers cautiously return to inventory-rich markets, says REMAX Canada
TORONTO, July 24, 2025 /CNW/ -- Signs of the much-anticipated spring market finally materialized in June as greater inventory and softer overall values reinvigorated buyer intentions and bolstered demand for detached housing in the Greater Toronto Area (GTA), Greater Vancouver and the Fraser Valley, according to a report released today by REMAX Canada. REMAX Canada's 2025 Hot Pocket Communities Report examined 83 markets across the Greater Toronto Area, Greater Vancouver and the Fraser Valley, between January 1 and June 30, 2025, and found that almost 23 per cent of markets (19/83) reported detached housing sales on par or ahead of year-ago levels in the first half of the year, while just over 19 per cent reported an upswing in values (16/83). In terms of sales during the six-month time-frame, the Greater Toronto Area's 416 area code led in rebounding momentum, with just over 34.2 per cent of Toronto 416 neighbourhoods experiencing stable or growing activity in the detached home segment — ahead of the GTA's more suburban 905 area code. Likewise, Greater Vancouver experienced a sales uptick of just over 29 per cent — outperforming Fraser Valley markets. Limited inventory levels in key areas of Greater Vancouver and Toronto proper — especially at affordable price points — are supporting price appreciation in the detached home category. Greater Vancouver took the lead with 29.4 per cent (5/17) of communities noting an upswing in median price, and 22.8 per cent of 416 markets seeing the same. Top Five Detached Housing Markets: Percentage Increase in Sales Area Neighbourhoods within the district Percentage Increase W01 (GTA) South Parkdale, Roncesvalles, High Park-Swansea 56.5 % C02 (GTA) Yonge-St. Clair, Casa Loma, Wychwood, Annex 31.3 % Port Moody/Belcarra (GV) 31.0 % E02 (GTA) The Beaches, Woodbine Corridor, East-End Danforth 27.0 % W02 (GTA) High Park North, Junction Area, Runnymede-Bloor West Village, Lambton- Baby Point,Dovercourt-Wallace, Emerson Junction 25.9 % Source: Greater Vancouver Realtors, the Fraser Valley Real Estate Board and Toronto Regional Real Estate Board "After a prolonged period of uncertainty, we're starting to see slow but building momentum in Canada's largest real estate markets," says Don Kottick, President, REMAX Canada. "Buyers who have been sitting on the sidelines for months, prepared and ready to pounce, are finally starting to make their moves. Life moves forward and eventually, necessity dictates action. As a result, there has been a greater number of sales with 'subject-to-sale' clauses — especially in the Greater Vancouver and Fraser Valley markets — that provide a safety net for buyers. Sellers are more accommodating as well, often willing to work with buyers to achieve a sale. Timing is crucial, as buyers are well informed, and markets appear to have bottomed out." To illustrate, detached home sales in the GTA fell to 13,991 in the first half of the year, according to Toronto Regional Real Estate Board data — the lowest level on record in more than a decade and nearly 34 per cent below the 10-year average. Still, the detached category remains the frontrunner in terms of percentage of overall sales year-to-date, representing the lion's share of activity at 45.2 per cent of total residential sales in the first six months of the year. In Greater Vancouver, local board data shows detached home sales at 3,273 for the first six months of 2025 — the lowest level in 10 years and 39 per cent below the 10-year average. Market share for the detached housing segment in Greater Vancouver has slowly declined since 2021, falling to its lowest level in the first half of this year at 27.3 per cent. At its highest point in 2016, detached homes represented 40.1 per cent of total residential sales in Greater Vancouver. Growing urgency for affordable homes in Toronto was identified by REMAX Canada as a major driver in recent weeks, with many buyers in the $850,000 to $1.2 million price range worried that the window of opportunity is already starting to close. "In fact, certain microcosms cropping up within Toronto markets — including hot pocket communities such as Leaside, East York, Riverdale, Trinity-Bellwoods, Davisville and Little Italy — are consistently experiencing healthy demand for detached homes," says Tim Syrianos, Broker, REMAX Ultimate Realty Inc. and REMAX Condos Plus. "And while many of those properties will sell in multiple offers, make no mistake — today's buyers are laser focused on value and will walk away from properties if sellers are unreasonable." Hot Pockets for Detached Home Sales Key 416 neighbourhoods led the way in terms of percentage increases in sales, including central core communities Yonge-St. Clair, Casa Loma, Wychwood, Annex (C02) up 31.3 per cent (63 sales in 2025 compared to 48 sales in 2024); and Mount Pleasant East, Mount Pleasant West (C10) up 6.7 per cent (48/45). Two central areas remained on par year-over-year — Banbury-Don Mills, Victoria Village, Parkwoods-Donalda (C13) (89 sales in 2025 and 89 in 2024) and Waterfront Communities, Moss Park, Cabbagetown-South, St. James Town, Church-Yonge Corridor, and Regent Park (C08) (3/3). Five markets in the eastern district saw sales rise or hold steady, including the Beaches, Woodbine Corridor, East-End Danforth (E02) up 27 per cent (113/89); Highland Creek, West Hill, Centennial, Scarborough Rouge (E10) climbed 15.6 per cent (178/154); Oakridge, Birchcliffe-Cliffside (E06) up 1.9 per cent (109/107); Eglinton East, Scarborough Village, Cliffcrest, and Guildwood (E08) up 1.9 per cent (110/108); and Milliken, Agincourt North, Agincourt South, Malvern West (E07) on par (89/89). Three markets in the west end reported sales on par or ahead of year-ago levels, including South Parkdale, Roncesvalles, and High Park-Swansea (W01) up 56.6 per cent (72/46); High Park North, Junction Area, Runnymede-Bloor West Village, Lambton-Baby Point, Dovercourt-Wallace and Emerson-Junction (W02) up 25.9 per cent (136/108); and Kingsview Village, the Westway, Humber Heights, Willowridge-Martingrove and Riverview (W09) up 2.1 per cent (99/97). Sales in the 905 were more tempered, with Brock and Pickering being the only communities reporting an increase over year-to-date 2024 levels. Sales were up 1.4 per cent in Brock (71/70) and 0.6 per cent in Pickering (321/319). In Greater Vancouver, detached sales in the first six months of 2025 rose in Port Moody/Belcarra, up 31 per cent (76/58); the Gulf Islands rose 22.2 per cent (22/18); Bowen Island climbed 11.5 per cent (22/18); Squamish increased 4.5 per cent (93/89); and the Sunshine Coast registered a 5.8 per cent uptick (236/223). Meanwhile, no gains were reported in the Fraser Valley. "Buyers are cautiously re-entering detached housing markets, taking advantage of more balanced market conditions, especially at affordable price points," explains Tim Hill, of Tim Hill and Associates, REMAX All Points Realty. "Most are young professionals who have spent years saving for a downpayment and are well-positioned to now move forward with their purchase plans." Hot Pockets for Detached Home Price Growth While there has been an upswing in values in key areas, most markets remain slightly off year-ago price levels for the same period. "The uptick in demand for properties at the $1.8 million to $2.2 million price point, particularly in the city's established neighbourhoods, has placed modest upward pressure on values," says Syrianos. "Modest bungalows and two-storey homes on smaller lot sizes in Riverdale, the Beaches, High Park-Swansea, and Corso Italia-Davenport are most sought-after due to the proximity to the downtown core and overall walkability factor." In the 416, eastern markets reporting average prices on par or ahead of 2024 include South Riverdale, Greenwood-Coxwell, Blake-Jones, and North Riverdale (E01) up 1.7 per cent ($1,721,370 in 2025 compared to $1,693,128 in 2024); The Beaches, Woodbine Corridor, East-End Danforth (E02) up 0.3 per cent ($2,023,403/$2,016,381); and Eglinton East, Scarborough Village, Cliffcrest, Guildwood (E08) up 2.1 per cent ($1,284,047/$1,257,739). Central markets showed upward momentum in the Waterfront Communities, Moss Park, Cabbagetown-South, St. James Town, Church-Yonge Corridor, Regent Park (C08) up 21.5 per cent ($2,166,667/$1,783,289); Rosedale-Moore Park (C09) rising 5.6 per cent ($4,265,874/$4,039,383); and Bridle Path-Sunnybrook-York Mills, St. Andrew-Windfields (C12) up 11.5 per cent ($4,608,619/$4,134,825). Two west-end markets experienced upward pressure on average price, including South Parkdale, Roncesvalles, High Park-Swansea (W01) up a modest 1.2 per cent ($2,091,470/$2,065,721); and Rockcliffe-Smythe, Keelesdale-Eglinton West, Caledonia-Fairbank, Corso Italia-Davenport, Weston-Pelham Park (W03) climbing 6.2 per cent ($1,102,706/$1,038,548). In the 905, Durham Region's Scugog reported a two-per-cent increase in values ($1,112,146 in 2025 compared to $1,090,069 in 2024), while average price in Peel Region's Caledon area jumped 5.6 per cent ($1,540,693/$1,458,934) year-over-year. "Affordability continues to play a huge role in Greater Vancouver and the Fraser Valley, with the greatest activity occurring between $1 million and $1.5 million," says Hill. "For buyers looking to establish a foothold in real estate, communities such as Squamish and Bowen Island offer the best of both worlds–close proximity to the city against a recreational backdrop, while Mission's picturesque landscape is a draw for those looking to get into the market at the million-dollar mark." Median price appreciation was evident in the first six months of 2025 in five markets, including Bowen Island, up 9.1 per cent ($1,500,000 in 2025 compared to $1,375,000 in 2024); Delta-South, up one per cent ($1,509,523/$1,494,000); Squamish, up 7.6 per cent ($1,690,000/$1,570,000) ; West Vancouver/Howe Sound at 2.6 per cent ($2,998,000/$2,922,200); and Whistler/Pemberton at 12.1 per cent ($2,663,500/$2,350,000). Mission was the sole market to report a nominal increase in average price in the Fraser Valley, rising 0.7 per cent to $1,052,454 in the first six months of 2025, compared to $1,044,946 in 2024. "Buyers now have the advantage of time and are working closely with lenders to ensure a seamless home-buying process," says Kottick. "Some are still awaiting further announcements from the Bank of Canada regarding interest rate cuts. Should those materialize, we could see the full impact of pent-up demand. The U.S. trade situation continues to weigh on economic performance, and we can expect an air of caution to linger until a trade deal is struck. In the meantime, moves toward economic transformation and diversification bode well for Canada's future. As such, the back half of 2025 should see recovery underway and a resumption in price growth in a number of major and micro markets." Other trends in the market include: Greater sales at affordable price points. In the Greater Toronto Area, homes priced from $850,000 to $1.2 million in key microcosms are moving quickly, while sales in the $1 million to $1.5 million price point in Vancouver and the Fraser Valley are most active. Year-round living in more recreational areas. Purchases in more recreational markets such as Bowen Island, the Gulf Islands, Squamish and the Sunshine Coast continued in the first six months of 2025. Rental suites still in demand. Buyers continue to offset mortgage costs by renting out suites within their homes. Luxury market less impacted. Buyers at this price point continue to make their moves, regardless of market conditions, as evidenced by rising values in the Bridle Path, Rosedale, and West Vancouver. In the first six months of the year, 11 properties changed hands over the $10 million price point in the GTA, up considerably over the four property sales reported during the same period in 2024. "Price, quality, time—consumers are often told to pick two, because it's very rare to realize all three," says Kottick. "In real estate, it's the perfect trifecta. This may be one of the very rare windows of opportunity where active buyers could now reap the benefits of all three. It's an anomalous event from a historical real estate perspective to have ideal conditions in each these pivotal variables. It's not only rare; it's fleeting. As rebounding home sales gain momentum, the alignment will inevitably shift." Regional Overview Greater Vancouver and the Fraser Valley While economic uncertainties have curtailed homebuying activity throughout the first six months of the year, an uptick in sales in recent weeks suggests the Greater Vancouver, and to a lesser extent, Fraser Valley markets are beginning to show signs of recovery. Buyers are cautiously re-entering the detached housing market, making offers despite not having sold their current homes—and including "subject to sale" clauses to mitigate risk. Surprisingly, sellers are adapting to the new strategy, often allowing 30-days with a trigger clause that stipulates that if another offer is presented during that time, the buyer has 24 to 72 hours to commit or lose the property. As a result, nearly four in every ten properties are sold or under contract (with offers subject-to-sale). The lion's share of detached activity is occurring in the $1-million to $1.5-million price range, but lower rates and greater stability in the weeks and months ahead will serve to further rouse the market. Balanced market conditions currently exist, with some areas approaching buyer's market territory. After years of tight market conditions, the ability to view a plethora of homes and take more time to make decisions will ultimately provide a healthier backdrop for homebuying activity in the immediate future. Greater Vancouver communities such as the Sunshine Coast, Squamish, Port Moody/Belcarra, the Gulf Islands and Bowen Island remain popular with buyers, with all reporting an uptick in detached housing sales in the first six months of 2025. Five markets in Greater Vancouver, including Bowen Island, Gulf Islands, Port Moody/Belcarra, Squamish, and the Sunshine Coast have experienced an increase in median prices, while average values have climbed in Fraser Valley's Mission area. Detached properties are the strongest segment of the market—with most selling if they are well-priced. Rental suites are increasingly important to younger buyers entering the market as they look to offset hefty mortgage costs. Most buyers are professionals with ample savings for a solid downpayment on the properties they purchase. The current real estate market presents a unique opportunity for buyers. Moving into the traditional fall market, lower interest rates and increased economic stability will help propel greater homebuying activity, with the resilience of both buyers and sellers shaping the market. The window of favourable conditions will make this one of the best years in recent memory to invest in a home. Greater Toronto Area While overall housing sales in the Greater Toronto Area (GTA) have declined compared to year-ago levels, demand for detached housing continues to bolster the market, with the segment representing nearly half of total sales. First-time buyers have been driving detached sales in recent weeks, spurred by the increase in May's average price, with many realizing that as detached property values rise, the window of opportunity is closing. Certain microcosms within the Toronto market — including Leaside, East York, Riverdale, Trinity-Bellwoods, High Park, Davisville, and Little Italy — are experiencing healthy activity in the $850,000 to $1.2 million price range, with some properties selling in multiple offers. Average days on market in the central core, for instance, was considerably less than the overall average at this price range, with most homes moving within 19 days during the first six months of the year. The market for homes priced between $1.8 million and $2.2 million is also solid across the city, particularly in established traditional neighbourhoods. In essence, the delayed spring market has finally arrived. Interest appears to be piquing with more listing views, more showings, and more offers. However, the buyer mindset has two settings — deal or no deal. They're prepared to walk if the seller is unreasonable. Sellers, on the other hand are prepared to hold firm or, in more dire circumstances, end up setting new benchmarks for prices in their neighbourhood. Pent-up demand remains contained, as a result, at least until one or two more interest rate cuts can really stimulate activity. The swing market, encompassing properties priced between $2.8 million and $3.3 million, has been the most affected during this challenging period. Listing inventory is high at the entry-level to the luxury price point and sales are few and far between. Conversely, the luxury market, priced around $3.8 million to $4 million, has been less impacted, as purchases in this range are often driven more by desire than necessity. Greater Toronto Area's housing market is navigating a complex landscape marked by varying levels of demand across different price segments. The delayed spring market — finally materializing in June — has injected new energy, with increased interest and activity, although buyers remain cautious and sellers steadfast. As external factors such as interest rate cuts and easing trade tensions come into play, GTA market's dynamics may shift, potentially unlocking pent-up demand and fostering a more balanced environment. Durham Region Rapid population growth has contributed to strong homebuying activity over the past decade in Durham Region, but buyers have pulled back in 2025 given hesitation in the market attributed to overall economic uncertainty and concerns over Canada-U.S. trade negotiations. Affordability has been a major draw for buyers to the area in recent years, with single-detached properties often priced well under homes in the 416-area code. This year, however, the number of properties that have changed hands is down by 20 per cent and more throughout the region, while average prices are holding relatively stable. At least two markets have reported values on par or ahead of 2024 levels in the first six months of 2025 including Brock, a small rural market, equalling year-ago values for detached homes, while Scugog, with its luxury rural properties, posted an increase of over seven per cent in the first six months of the year. Buyers have started to trickle back into the market given healthier market conditions that are more reminiscent of yesteryear. An ample supply of detached housing is available throughout the region, and buyers are taking their time viewing homes listed for sale — without the urgency present in the pandemic/post-pandemic period. With current market conditions expected to persist throughout the coming months, the outlook for detached home sales in the Durham Region is best characterized as "slow and steady." Detached home sales are expected to come close or slightly surpass levels reported in 2024, while average price in Durham Region is anticipated to move marginally ahead of year-ago figures. About the RE/MAX Network As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in over 9,000 offices with a presence in more than 110 countries and territories. REMAX Canada refers to REMAX Canada, Inc., which is an affiliate of RE/MAX, LLC. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals ® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit For the latest news from RE/MAX Canada, please visit Forward looking statements This report includes "forward-looking statements" within the meaning of the "safe harbour" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "believe," "intend," "expect," "estimate," "plan," "outlook," "project," and other similar words and expressions that predict or indicate future events or trends that are not statements of historical matters. These forward-looking statements include statements regarding housing market conditions and the Company's results of operations, performance and growth. Forward-looking statements should not be read as guarantees of future performance or results. Forward-looking statements are based on information available at the time those statements are made and/or management's good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. These risks and uncertainties include (1) the global COVID-19 pandemic, which has impacted the Company and continues to pose significant and widespread risks to the Company's business, the Company's ability to successfully close the anticipated reacquisition and to integrate the reacquired regions into its business, (3) changes in the real estate market or interest rates and availability of financing, (4) changes in business and economic activity in general, (5) the Company's ability to attract and retain quality franchisees, (6) the Company's franchisees' ability to recruit and retain real estate agents and mortgage loan originators, (7) changes in laws and regulations, (8) the Company's ability to enhance, market, and protect the RE/MAX and Motto Mortgage brands, (9) the Company's ability to implement its technology initiatives, and (10) fluctuations in foreign currency exchange rates, and those risks and uncertainties described in the sections entitled "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission ("SEC") and similar disclosures in subsequent periodic and current reports filed with the SEC, which are available on the investor relations page of the Company's website at and on the SEC website at Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date on which they are made. Except as required by law, the Company does not intend, and undertakes no duty, to update this information to reflect future events or circumstances.
Cision Canada
an hour ago
- Cision Canada
Antaisolar Ranks Among Top 9 in Global Solar Tracker Market Share, According to S&P Global
XIAMEN, China, July 24, 2025 /CNW/ -- Recently, S&P Global, a leading authoritative data and consulting agency, officially released the 2024 global solar tracker shipment rankings. Antaisolar was ranked the number nine solar tracker supplier globally and the number six solar tracker supplier in Asia-Pacific. This cements its status as a global first-tier solar tracker manufacturer, all thanks to its exceptional performance in global market expansion, technological innovation, and customer service. Since established in 2006, Antaisolar has been committed to providing global customers with advanced, efficient, and intelligent solar tracking products, while striving to create one-stop service solutions covering product design, production, sales, after-sales operation, and other links. As the core of these one-stop solutions, Antaisolar's products continuously evolve through technological innovation to meet the needs of diverse solar application scenarios. Antaisolar's flagship trackers include the 1P TAI-Simple and 2P TAI-Universal, plus the upgraded new product AT-Spark—featuring its self-developed large R-angle octagonal tube with double spherical bearings, supporting multi-string, large-span, and ultra-long arrays to reduce EPC and O&M costs while boosting terrain adaptability. All trackers integrate with Antaisolar SmartTrail intelligent control system, which uses 4 protection strategies against extreme weather and smart tracking algorithms. These algorithms factor in direct, scattered, and reflected irradiance, leveraging 3D modeling and optimization to minimize shadow impacts from irregular terrain, thus increasing power output. With high adaptability, practicality, and stability, these products reduce construction time, lower LCOE, and enhance plant efficiency, making them ideal for large ground-mounted projects and a customer favorite. Antaisolar has established 8 delivery centers and 4 R&D centers worldwide, gradually expanding its coverage across major regional markets and continuously enhancing its brand influence. In terms of customer service and delivery, Antaisolar always adheres to the "customer-centric" philosophy. Its comprehensive high-quality services have earned the trust and praise of customers, which not only promotes long-term cooperative relationships between the company and its clients but also lays a solid foundation for its rapid development in the global market. Looking ahead, under its mission and vision of "Raise a Green World," Antaisolar will further advance its international strategic layout, continuously enhance its capabilities, and strive for even better performance in the global solar tracker market. The company will continue to provide global customers with high-quality and efficient products, contributing to the sustainable development of the global green energy industry.
Cision Canada
2 hours ago
- Cision Canada
SimCorp will assist AXA in enhancing portfolio monitoring and financial risk management
Highlights: With the award-winning SimCorp One platform, which includes SimCorp Managed Business Services and the Axioma analytics suite, AXA will benefit from more efficient and interconnected processes. SimCorp chosen for deep industry expertise and integrated capabilities across the full investment lifecycle for public and private market asset classes. PARIS, July 24, 2025 /CNW/ - SimCorp, a leading global financial technology company, today announced that AXA will implement the award-winning 1 SimCorp One platform alongside SimCorp Managed Business Services to improve portfolio monitoring and strengthen financial risks management. By adopting SimCorp One, AXA's investment and risk management teams will benefit from a real-time, consolidated view of positions across all entities in the group. This helps eliminate operational friction and enables seamless investment monitoring — supporting AXA's investment requirements of its global insurance business with speed and scale. "By partnering with SimCorp for both technology and business services, we're not just implementing a platform – we will transform how we operate," said Jean-Baptiste Tricot, Group Chief Investment Officer, AXA. "SimCorp's comprehensive approach delivers multiple strategic advantages: it simplifies our technology stack with a single, integrated platform, while SimCorp's Business Services will allow us to focus our teams on activities that deliver greater value to our clients. SimCorp's technology leadership and insurance expertise give us confidence that the platform will scale with our evolving needs." SimCorp One addresses critical challenges facing the insurance industry, including increasing regulatory complexity, the need for operational efficiency, and demand for integrated technology solutions that support both public and private market investment strategies. By selecting SimCorp One, AXA gains access to continuous platform innovation, comprehensive data management capabilities, and specialized insurance industry expertise that will support the organization's evolving investment requirements across its global operations. The platform's unified data model addresses the critical need to balance portfolio management with accounting standards, ensuring consistent risk and investment oversight while supporting compliance with regulatory requirements. SimCorp's Axioma analytics suite for advanced risk management, embedded in the SimCorp One offer, enables insurers to better manage and optimize portfolio risk exposures. "We are honored that AXA has chosen us to help transform their global investment operations," said Ralf Schmücker, Senior Managing Director, EMEA, SimCorp."AXA's decision reinforces SimCorp's position as the preferred partner for insurers seeking to optimize their investment operations while maintaining the highest standards of investment monitoring and risk management. By offering the market's only solution that integrates a front-to-back, multi-asset class system built on a unified data structure, we are well-positioned to tackle these challenges and enable a total portfolio approach." AXA will utilize SimCorp Managed Business Services for Data Management and Investment Operations. These services will provide timely market and reference data to all platform users and provide comprehensive asset servicing across all AXA assets. Discover how SimCorp One can help modernize your organization's investment operations, data management, and portfolio management. Visit About SimCorp SimCorp is a provider of industry-leading integrated investment management solutions for the global buy side. Founded in 1971, with more than 3,500 employees across five continents, SimCorp is a truly global technology leader that empowers more than half of the world's top 100 financial companies through its integrated platform, services, and partner ecosystem. SimCorp is a subsidiary of Deutsche Börse Group. As of 2024, SimCorp includes Axioma, the leading provider of risk management and portfolio optimization solutions for the global buy side. For more information, see About AXA Group The AXA Group is a worldwide leader in insurance and asset management, with 154,000 employees serving more than 95 million clients in 50 countries. In 2024, IFRS17 revenues amounted to Euro 110.3 billion and IFRS17 underlying earnings to Euro 8.1 billion. The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXA's American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY. The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD. It is a founding member of the UN Environment Programme's Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.
