Soma Gold Advances Nechí Project with Key Mining Permit Submission

Event summary

  • Soma Gold submitted the PTO mining permit application for its Nechí Project in Colombia on April 8, 2026.
  • The Nechí Project includes the El Catorce, Santa Elena, and Santa María deposits, with existing underground workings.
  • Approval is expected before the end of 2026, with the mine projected to add 250 tonnes per day to the El Bagre Mill.
  • The additional feed could boost annual production by approximately 25,000 gold equivalent ounces.

The big picture

Soma Gold's submission of the Nechí mining permit is a strategic move to expand its gold production capacity in Colombia. The project aligns with the company's growth strategy of leveraging existing infrastructure to boost output, a common approach among mid-tier gold producers looking to optimize operational efficiency. The success of this initiative could position Soma as a more competitive player in the region's mining sector.

What we're watching

Regulatory Timing
Whether the permit approval will meet Soma's end-of-2026 target, impacting project ramp-up.
Production Integration
How seamlessly the Nechí feed will integrate with the El Bagre Mill's existing operations.
Exploration Synergies
The pace at which Soma can leverage its regional exploration program to uncover additional deposits.

Related topics

Mining