Collective Mining Ltd (CNL) Financings
TSX: CNL · Gold, Silver, Copper · Advanced Exploration stage
- Market cap$1.48B
- Share price$15.89
- 52-week range$13.76 – $30.12
- Shares outstanding92,942,707
- ExchangeTSX
- Websitecollectivemining.com
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $1.4 billion in enterprise value, Collective is a gold, silver, copper and tungsten exploration company with projects in Caldas, Colombia. The Company's two projects are located directly within an established mining camp with ten fully permitted and operating mines. The Company's flagship project, Guayabales, is anchored by Apollo, a large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten deposit that now hosts a maiden Mineral Resource of 2.58 million ounces AuEq Indicated (37 Mt at a grade of 2.17 g/t AuEq) and 2.83 million ounces AuEq Inferred (48.2 Mt at a grade of 1.83 g/t AuEq). The Company's objectives at the Guayabales Project are to continue expansion and infill drilling at Apollo while advancing technical, environmental and permitting work across the project. Management, insiders, a strategic investor and close family and friends own 45.2% of the outstanding shares of the Company and, as a result, are fully aligned with shareholders. The Company is listed on both Nasdaq and the TSX under the trading symbol 'CNL'.
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Collective Mining Ltd financial statements
Key figures read from 30 of 31 financial statement filings, Dec 4, 2018 to Aug 11, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$129,647,421 | US$38,930,957 | US$14,166,196 | US$8,503,274 | US$16,308,805 |
| Total current assets | US$26,790,526 | US$2,941,779 | US$2,455,716 | US$1,295,957 | US$565,845 |
| Total current liabilities | US$8,663,004 | US$5,475,494 | US$4,159,983 | — | US$1,621,762 |
| Working capital | US$18,127,522 | (US$2,533,715) | (US$1,704,267) | — | (US$1,055,917) |
| Property, plant and equipment | US$11,214,207 | US$680,062 | US$656,219 | US$493,576 | US$343,749 |
| Total assets | US$158,045,765 | US$42,556,391 | US$16,969,078 | US$10,139,533 | US$17,265,987 |
| Total liabilities | US$12,918,229 | US$72,732 | US$86,779 | US$45,073 | US$65,927 |
| Shareholders' equity | US$145,127,536 | US$37,008,166 | US$12,722,316 | US$6,937,748 | US$15,578,298 |
Income statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Exploration and evaluation expense | (US$32,490,168) | (US$18,064,865) | (US$14,114,631) | (US$11,283,095) | (US$7,014,792) |
| General and administrative | (US$9,516,288) | (US$5,768,262) | (US$5,306,170) | (US$5,129,899) | (US$3,191,386) |
| Net income (loss) | (US$49,858,355) | (US$26,948,922) | (US$19,133,658) | (US$17,268,814) | (US$17,306,513) |
Cash flow statement: annual key figures
US dollars (US$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (US$35,877,123)* | (US$22,570,602)* | (US$16,937,077)* | (US$14,221,253)* | (US$7,867,408)* |
| Investing cash flow | (US$14,656,275)* | (US$238,925)* | (US$353,506)* | (US$319,013)* | (US$234,030)* |
| Financing cash flow | US$140,734,450* | US$49,296,295* | US$22,263,115* | US$7,263,848* | US$23,069,791* |
| Property, plant and equipment spending | (US$5,887,941) | (US$238,925) | (US$353,506) | — | — |
| Change in cash | US$90,201,052 | US$26,486,768 | US$4,972,532 | (US$7,276,418) | US$14,968,353 |
| Cash at end of period | US$129,647,421 | US$38,930,957 | US$14,166,196 | US$8,503,274 | US$16,308,805 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for Collective Mining Ltd yet.