08:13 AM EDT, 06/19/2025 (MT Newswires) -- Soma Gold ( SMAGF ) , which lost 6.8% on Wednesday, said its operations team implemented a full replacement of the gear mechanisms and controls of both floatation tanks after it experienced minor recurring mechanical issues with the floatation circuit at the El Bagre Mill that resulted in reduced throughput.

The company, on Thursday, said repairs are complete, and the mill has resumed full production. It also said that the construction of the additional leach tank at El Bagre Mill is complete with the oxygen plant, motors, and controls scheduled to be installed in July.

The rehabilitation of the El Limon Mill will be completed by the end of June, with production ramp-up expected in the third quarter.

"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%," said Soma Gold ( SMAGF ) Chief Executive Geoff Hampson. "The restart of El Limon, combined with floatation and leaching improvements at El Bagre, positions Soma for higher production levels in 2026 and beyond."

The company also added that it had made an additional $1.0 million principal repayment on the Conex loan in May, to the $2.5 million repaid in March. Soma Gold ( SMAGF ) intends to continue repaying the loan from free cash flow through the remainder of 2025 and beyond.

Shares of the company closed down $0.10 to $1.37 on Wednesday on the TSX Venture Exchange.