Soma Gold (TSXV: SOMA) said a union strike began “effective immediately,” suspending operations at both the Cordero Mine and the El Bagre Gold Complex in Colombia.
The company said Sintramienergetica, Seccional Zaragoza, the union representing employees of Operadora Minera (Soma’s wholly owned subsidiary), initiated the action after declining to respond to the firm’s latest proposal.
Soma stated its most recent offer “included significant increases in wages, benefits, living allowances, additional days off, and a meaningful signing bonus,” but the union moved to strike regardless, triggering a halt across the two operations.
CEO Geoff Hampson said the company “remains committed to continuing good faith negotiations and to reaching a fair and mutually beneficial resolution,” adding that the offer “reflects our sincere intent to support our workforce, improve conditions, and ensure long-term stability for the operation and the community.”
Hampson also said, “We have proposed binding arbitration as a path forward, which was declined by the Union,” while emphasizing that management is “open and available to resume discussions at any time.”
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
