Soma Gold Corp. Appoints PwC as New Auditor for Enhanced Financial Oversight and Growth Strategy
- Soma Gold Corp. appointed PricewaterhouseCoopers LLP as its new auditor, effective July 5, 2025, to align financial practices.
- The appointment will be presented for shareholder approval at the Annual General Meeting in December 2025.
- Soma Gold Corp. operates over 43 square kilometers in Colombia and holds an exploration property in Brazil, enhancing resource diversification.
Soma Gold Corp. Enhances Strategic Alignment with New Auditor Appointment
Soma Gold Corp. (TSXV: SOMA) makes a significant shift in its financial oversight by appointing PricewaterhouseCoopers LLP (PwC) as its new auditor, effective July 5, 2025. This strategic decision comes from the company's Board of Directors as part of a broader initiative to align its financial practices with its ambitious growth strategy. The forthcoming Annual General Meeting, scheduled for December 2025, will present the appointment for shareholder approval. This change indicates Soma's commitment to improving its corporate governance and financial reporting as it continues to expand its operations in the gold mining sector.
The transition follows a successful tenure with Doane Grant Thornton LLP, whose reports for the fiscal years ending December 31, 2023, and December 31, 2024, were unmodified and free of reportable events, as per National Instrument 51-102. Soma's Chief Financial Officer, Greg Hayes, expresses gratitude towards Doane Grant Thornton for their professionalism and support during a pivotal phase of growth. The company’s move to PwC reflects its aspirations for enhanced financial integrity and operational transparency, essential in a rapidly evolving mining landscape.
As a profitable entity in the gold production and exploration arena, Soma Gold Corp. operates over 43 square kilometers of mineral concessions in Antioquia, Colombia. The company boasts two fully permitted mills with a combined capacity of 675 tons per day. The El Bagre Mill efficiently operates at 450 tons per day, while the El Limón mill is on track to restart in the third quarter of 2025. Soma plans to finance this operational expansion through internally generated funds, demonstrating prudent financial management as it pursues regional exploration initiatives. This commitment to operational excellence is complemented by the company's focus on sustainability and active community engagement, reinforcing its role as a responsible mining operator.
In addition to its Colombian operations, Soma Gold Corp. holds an exploration property in Tucuma, Para State, Brazil, which is currently under option. This diversification into Brazilian mineral concessions underscores the company’s strategic vision to enhance its resource portfolio and contribute positively to the local economies through responsible mining practices. The strategic auditor change, along with the ongoing operational initiatives, positions Soma Gold Corp. favorably for future growth in the competitive mining sector.