Soma Gold Enters Into $10 Million Royalty Agreement with Silver Crown Royalties

06:24 AM EST, 11/02/2026 (MT Newswires) -- Soma Gold (SOMA.V) said it entered into a agreement with Silver Crown Royalties under which the latter will acquire a silver royalty over Soma's Cordero mine and the past-producing La Ye and Los Mangos mines in Antioquia, Colombia. Under the deal terms, Soma will receive $10 million in exchange for a royalty exclusively on payable silver mined from the project, the company said Monday. The proceeds are expected to support Soma's operations, Colombian production platform and other growth opportunities. The deal unlocks value from silver, a by-product of Soma's gold production representing about 1% of the company's ongoing revenue profile. The first tranche of $3 million will be paid at deal closing, scheduled for Nov. 30, and the second tranche of $7 million will be payable within 10 business days following the discharge of Soma's financing security over the project and the registration of first-ranking security, expected to be completed by Dec. 31.