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C. Geoffrey Hampson, executive chairman of Soma Gold's board, is acting as interim CEO.

The consolidation will be on the basis of one new post-consolidation common share for every 10 pre-consolidation common shares, per Libero.

"The move to the OTCQX Market is a crucial step in our ongoing development to foster increased confidence among current and prospective investors," said Geoff Hampson, executive chairman.

With the advance of crime groups, gold mining in Colombia will likely continue evolving into a purely criminal industry where illicit interests, environmental devastation, and inadequate government action converge.

"It is a busy and exciting time for the company with five drill rigs now operating at site,” said Ari Sussman, executive chairman at Collective Mining.

The downward revision from 12.2 years to 11.2 years comes "as a result of an increase in annual throughput estimates to reflect nameplate capacity," per GoldMining Inc.

"The subject of mining is captured in the culture and the tradition that we have," says Supía Mayor Marco Antonio Londoño Zuluaga.

For its Segovia site in Colombia, CEO Neil Woodyer says the firm has an overall 2023 outlook of "a range of between $1,125 and $1,175 per ounce."

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In connection with the listing of the Common Shares on the TSX, the Company will submit a request to voluntarily delist its Common Shares from the TSXV.