Things seem to just keep getting worse in terms of quarterly results for Soma Gold (TSXV: SOMA) this year, after the second quarter failed to improve over Q1. And things didn’t get any better from there.
In September, the company was hit with a strike by its unionized workforce at the El Bagre Gold Complex in Colombia, resulting in operations at the mill being halted for the final 22 days of the quarter. And if we’re being honest, that strike hasn’t set the company up well for the fourth quarter either, with the strikes lasting until November 5 – meaning even more production days were lost in Q4 than in Q3.
So how bad is it?
Lets dive in.
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