Soma Gold Corp. (SMAGF) Stock Analysis

Why this analysis is different

• A 9-signal quantitative MoonshotScore built from filings, insider activity, and market data — computed from the numbers, not from opinion.
• An AI Council read across up to eight perspectives — value, macro, quantitative, and momentum lenses — that shows where they disagree instead of averaging the tension away.
• Figures come straight from FMP and Yahoo Finance filings data. The AI writes the narrative around the numbers — it never edits the numbers.

Soma Gold Corp. (SMAGF) Materials & Commodity Exposure

Soma Gold Corp. (SMAGF) is a gold mining company with a strategic focus on the El Bagre gold mining complex in Colombia, leveraging its extensive exploration properties to enhance production capabilities and capitalize on favorable market conditions.

What Is the Investment Thesis for SMAGF?

Soma Gold Corp. presents a unique investment thesis driven by its strategic operations in a prolific gold mining region in Colombia. With a market capitalization of approximately $62.94 million, the company is positioned to benefit from rising gold prices, which have historically shown resilience during economic uncertainties. The El Bagre gold mining complex is a key asset, contributing to the company's production capabilities and revenue potential. The ongoing development of the Cordero mine and the exploration of the Zara properties could provide significant growth catalysts, with the potential to increase gold reserves and production levels. However, investors should remain aware of risks such as geopolitical factors in Colombia and the company's current negative profit margin of -10.1%. Monitoring production costs and exploration results will be crucial for assessing future profitability and operational efficiency.

Based on FMP financials and quantitative analysis

SMAGF Key Highlights

Market Cap of $65.7M indicates a small-cap status within the gold mining sector.

• Gross Margin of 15.8% reflects the company's efficiency in managing production costs relative to sales.
• Negative Profit Margin of -10.1% highlights the need for improved operational performance.
• Beta of 0.52 suggests lower volatility compared to the broader market, indicating relative stability.
• No dividend yield as the company reinvests earnings into growth and development initiatives.

Who Are SMAGF's Competitors?

SMAGF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are SMAGF's Key Strengths?

Strategic location of mining operations in a gold-rich region.

• Full ownership of valuable exploration properties.
• Experienced management team with a strong track record in mining.

What Are SMAGF's Weaknesses?

Negative profit margin indicating current operational challenges.

• Limited liquidity as an OTC-listed company compared to major exchanges.
• Dependence on gold prices, which can be volatile.

What Could Drive SMAGF Stock Higher?

SMAGF catalyst: Development of the Cordero underground mine, expected to commence production within the next 2-3 years.

• Exploration activities at the Zara properties, which may lead to new gold discoveries and increased reserves.
• Monitoring gold price trends, which could enhance revenue potential as demand increases.

What Are the Key Risks for SMAGF?

Financial-distress signal — its Altman Z-Score of 1.02 sits in the distress zone (elevated bankruptcy risk).

• Negative return on equity (-20.0%) — the business is not currently generating profit on shareholder capital.
• Weak fundamentals — a Piotroski F-Score of 3/9 flags soft profitability, leverage or efficiency.
• Geopolitical risks associated with operating in Colombia, including regulatory changes.
• Fluctuations in gold prices impacting revenue and profitability.
• Operational challenges related to production costs and efficiency.

What Are the Growth Opportunities for SMAGF?

• Expansion of El Bagre Operations: Soma Gold's flagship El Bagre gold mining complex has significant untapped potential, with ongoing exploration and development efforts aimed at increasing gold production. The Colombian gold mining market is projected to grow at a CAGR of 5% through 2030, driven by rising global gold prices and demand. By optimizing operations and enhancing extraction techniques, Soma Gold can capitalize on this growth trajectory.
• Development of Cordero Mine: The Cordero underground mine project represents a key growth opportunity for Soma Gold, with plans to commence production within the next 2-3 years. This project is expected to significantly boost the company's gold output, contributing to overall revenue growth. The mine's strategic location in Antioquia enhances logistical advantages and operational efficiency, making it a valuable asset in the company's portfolio.
• Zara Exploration Properties: With full ownership of the Zara exploration properties covering approximately 29,000 hectares, Soma Gold has substantial opportunities for new gold discoveries. The exploration activities in this region are expected to yield positive results, potentially increasing the company's gold reserves. The Colombian mining sector's favorable regulatory environment further supports exploration initiatives, providing a conducive backdrop for growth.
• Interest in Nechí Gold Project: Soma Gold's interest in the Nechí Gold project adds another layer of growth potential. This project is located in a promising gold-producing area of Antioquia, and successful exploration could lead to significant new resources. The timeline for exploration and development is expected to align with the company's broader strategic goals in the coming years.
• Market Positioning and Strategic Partnerships: As the gold market evolves, strategic partnerships with other mining firms or financial institutions could enhance Soma Gold's operational capabilities and access to capital. Collaborations may also facilitate technology sharing and improve production efficiencies, positioning the company favorably against competitors.

What Are SMAGF's Competitive Advantages?

• Established operations in a known gold-producing region, providing a competitive advantage.
• Full ownership of strategic exploration properties, allowing for direct control over resource development.
• Experienced management team with expertise in mining operations and exploration.

What Does SMAGF Do?

Soma Gold Corp. is a natural resources firm primarily engaged in the acquisition, exploration, and development of mineral assets across South America. Founded as Para Resources Inc., the company rebranded to Soma Gold Corp. in May 2020, reflecting its strategic focus on gold mining. Its flagship operation, the El Bagre gold mining complex, is located in Antioquia, Colombia, and includes an operational gold processing plant, as well as the active underground gold mines of La Ye and Los Mangos. Additionally, the company is developing the Cordero underground mine project, further enhancing its operational footprint. Soma Gold holds full ownership of the Zara exploration properties, which cover approximately 29,000 hectares in Antioquia, alongside the El Limon gold mine located elsewhere in Colombia. The company also possesses an interest in the Nechí Gold project, also situated in Antioquia. The strategic positioning of Soma Gold in a known gold-producing region provides a competitive edge, as it can leverage existing infrastructure and local expertise to optimize its operations. With a dedicated workforce of 115 employees, Soma Gold is poised to capitalize on the growing demand for gold in the global market.

What Products and Services Does SMAGF Offer?

• Acquire and develop mineral assets in South America, focusing on gold.
• Operate the El Bagre gold mining complex, which includes processing plants and underground mines.
• Engage in exploration activities to identify new gold deposits.
• Manage existing mining operations to optimize production and reduce costs.
• Conduct feasibility studies for potential new mining projects.
• Maintain compliance with local regulations and environmental standards.

How Does SMAGF Make Money?

• Generate revenue through the extraction and sale of gold ore.
• Invest in exploration and development of new mining projects to expand resource base.
• Leverage existing infrastructure and operational expertise to enhance production efficiency.
• Utilize strategic partnerships to access additional resources and capital for growth initiatives.

What Industry Does SMAGF Operate In?

The gold mining industry is characterized by its cyclical nature, heavily influenced by global economic conditions and gold prices. As of 2026, the gold market is experiencing increased demand driven by economic uncertainties and inflation hedging strategies. Companies like Soma Gold Corp. are well-positioned in this environment, particularly those with established operations in gold-rich regions such as Colombia. The competitive landscape includes both large multinational corporations and smaller exploration firms, with the latter often facing challenges related to financing and operational scalability. The overall market size for gold mining is projected to grow, driven by ongoing demand for gold in jewelry, technology, and investment sectors.

Who Are SMAGF's Key Customers?

• Gold traders and wholesalers seeking to purchase raw gold.
• Jewelry manufacturers requiring gold for production.
• Investors looking for gold as a hedge against inflation and economic uncertainty.
• Industrial companies utilizing gold in electronic components and technology.

Company Profile

Soma Gold Corp. operates in the Gold industry within the Basic Materials sector. It is headquartered in Vancouver, CA. The company is led by CEO Christopher Geoffrey Hampson. SMAGF has traded publicly since 2016.

Soma Gold Corp. Financial Trajectory

Soma Gold Corp. (SMAGF) reported $22.5M in revenue for Q1 2026, reflecting 23.3% growth compared to the prior quarter. The company recorded a net loss of $2.1M, with diluted EPS of $-0.02. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this micro-cap Basic Materials company. Across the four most recent quarters, SMAGF averaged $-0.02 in diluted EPS.

How Soma Gold Corp. Is Valued

Soma Gold Corp. carries a market capitalization of $65.7M, placing it in the micro-cap category. Relative to its peer group, SMAGF's quantitative score of 38/100 is below the peer average of 59/100.

Return on equity for Soma Gold Corp. stands at -20.0%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is -7.6%, showing how much profit it generates from its asset base. Its free cash flow yield is -2.2%, a gauge of the cash the business throws off relative to its market value. A current ratio of 1.52 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is -10.0%, the inverse of the P/E and a quick read on earnings relative to price.

Soma Gold Corp.'s Piotroski F-Score is 3/9, a 9-point checklist of profitability, leverage and efficiency — flagging fundamental weakness worth scrutiny. Its Altman Z-Score of 1.02 places it in the distress zone, a signal of elevated financial risk.

Wall Street analysts project Soma Gold Corp. revenue of about $132.8M for fiscal 2026, with EPS near $0.16.

SMAGF Financials

SMAGF Latest News

SMAGF Analyst Consensus

SMAGF MoonshotScore

SMAGF Basic Materials Stock FAQ

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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