financetom
Business
financetom
/
Business
/
Soma Gold's Cordero Mine and El Bagre Gold Complex Blockaded by Local Community; Company Reports Q2 Production
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Soma Gold's Cordero Mine and El Bagre Gold Complex Blockaded by Local Community; Company Reports Q2 Production
Jul 8, 2024 4:55 AM

07:41 AM EDT, 07/08/2024 (MT Newswires) -- Soma Gold ( SMAGF ) , which jumped about 10% last Friday, on Monday reported a temporary suspension of mining and processing activities at its el Bagre mine and mill in Antioquia, Colombia, due to a local community blockade. The site has been put on Care and Maintenance status.

According to Soma Gold ( SMAGF ), the blockade began on July 3, driven by community frustration over delays in maintenance and paving for 3.5 km of regional road. The community has allowed access for critical supplies, security, and maintenance crews and discussions between all parties are ongoing.

The company said second quarter production was 6,590 gold equivalent ounces, with 7,209 gold equivalent ounces sold. Soma sold 14,233 gold equivalent ounces (out of the planned 14,277 ounces) in the first half of the year.

Soma recently completed a planned maintenance shutdown of the el Bagre mill, which included a successful rebuild of the ball mill. Operations resumed on schedule in late June.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Orchestra BioMed to Receive Up to $21 Million in Proceeds from Acquisition of Vivasure by Haemonetics
Orchestra BioMed to Receive Up to $21 Million in Proceeds from Acquisition of Vivasure by Haemonetics
Mar 11, 2026
$11 million in proceeds expected to be received during 2026, with remainder of expected proceeds to be received in future revenue earnoutsVivasure Medical Limited (“Vivasure”) has been a strategic holding of Orchestra BioMed ( OBIO ) since the Company’s formation NEW HOPE, Pa., Jan. 12, 2026 (GLOBE NEWSWIRE) -- Orchestra BioMed Holdings, Inc. ( OBIO ) , a biomedical innovation...
Koch Companies Acquires Store Opening Solutions (SOS)
Koch Companies Acquires Store Opening Solutions (SOS)
Mar 11, 2026
Strategic Acquisition to Accelerate Growth, Expand Reach, and Bolster Geographic and Industry-Specific Offerings for Koch Logistics & Warehousing MINNEAPOLIS & MURFREESBORO, Tenn.--(BUSINESS WIRE)-- Koch Companies, a highly regarded full-slate transportation services company, announced that it has acquired Store Opening Solutions (SOS), a pioneer in retail inventory consolidation based in Murfreesboro, Tennessee, from Marmon Holdings, Inc. The news coincides with Koch’s...
REALM and Cannae Partners Acquire 340 Bryant in San Francisco's South Beach
REALM and Cannae Partners Acquire 340 Bryant in San Francisco's South Beach
Mar 11, 2026
South Beach Location Offers Immediate Leasing Potential, Exposure to AI, Tech, and R&D Demand SAN FRANCISCO, Jan. 12, 2026 /PRNewswire/ -- REALM, in partnership with Cannae Partners, today announced the acquisition of 340 Bryant Street, a 66,000-square-foot office property in San Francisco's dynamic South Beach submarket. The recently renovated property was purchased for approximately $10 million and offers immediate mark-to-market...
Largo Launches Study Targeting Copper Potential of Maracas Menchen Complex in Brazil
Largo Launches Study Targeting Copper Potential of Maracas Menchen Complex in Brazil
Mar 11, 2026
09:00 AM EST, 01/12/2026 (MT Newswires) -- Largo (LGO.TO) said Monday that it has initiated geological studies to assess the continuity of copper mineralization at the Maracas Menchen complex in Brazil. Largo said it is commencing the study amid high current copper prices and low prices for vanadium, the company's primary business. The company said its internal tests, which were...
Copyright 2023-2026 - www.financetom.com All Rights Reserved