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Soma announces January 2021 Gold Production of 1,663 Ounces
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Soma Gold Corp, a producing gold miner in a proven district, with expansion plans ahead
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2021 Capital Expenditures
In 2021, the Company expects to start the construction of the Almas greenfield project, to develop a pre-feasibility study for the Matupa project and to further expand production capacity at Aranzazu, which, along with sustaining and exploration capital expenditures, will reach a total between US$93 million and US$104 million.
The table below shows the breakdown of capital expenditures by type of investment:
Aura believes its properties have strong geological potential and management’s objective is to expand life of mine across its business units. Therefore, in 2021, Aura plans to invest a total of US$24 million to US$28 million which includes: