Glencore
NYSE: CLOSED
TSE: CLOSED
LSE: CLOSED
HKE: CLOSED
NSE: CLOSED
BM&F: CLOSED
ASX: CLOSED
FWB: CLOSED
MOEX: CLOSED
JSE: CLOSED
DIFX: CLOSED
SSE: CLOSED
NZSX: CLOSED
TSX: CLOSED
SGX: CLOSED
NYSE: CLOSED
TSE: CLOSED
LSE: CLOSED
HKE: CLOSED
NSE: CLOSED
BM&F: CLOSED
ASX: CLOSED
FWB: CLOSED
MOEX: CLOSED
JSE: CLOSED
DIFX: CLOSED
SSE: CLOSED
NZSX: CLOSED
TSX: CLOSED
SGX: CLOSED


Collective Mining
Crux Investor Index
8
–
Market Cap (USD)
209355786
Symbol
TSX:CNL
Stage of development
Exploration
Primary COMMODITY
Copper
Additional commodities
Gold
Molybdenum
Collective Mining Inc. is a Canadian mining exploration company focused on advancing high-potential projects in Colombia, a top-tier mining jurisdiction with a rich mining history and robust infrastructure. The company’s flagship projects, Guayabales and San Antonio, are strategically located within the prolific "Middle Cauca" belt in west-central Colombia, specifically in the region of Caldas, a place with a mining tradition spanning over 500 years, adjacent to a multi-million-ounce producing mine.
Collective Mining has made significant strides in discovering and delineating high-grade copper, gold, silver and tungsten resources, leveraging cutting-edge exploration techniques and a deep understanding of porphyry systems.
Led by a team with a proven track record of success, including developing Colombia’s largest gold mine, the company integrates innovation, sustainability, and stakeholder collaboration into its exploration model. With more than 100,000 meters of drilling completed and numerous high-grade discoveries underway, Collective Mining is positioned to establish itself as a key player in Colombia’s mining industry.
Collective Mining is listed on the New York Stock Exchange (NYSE: CNL), the Toronto Stock Exchange (TSX: CNL), the OTC Markets (OTCQX: CNLMF) and the Frankfurt Stock Exchange under (FSE: GG1), supported by a strong management team and a commitment to creating long-term value for shareholders.
Article
No analyst notes
Opportunity
Collective Mining offers an exceptional investment opportunity through its advanced exploration projects in Colombia’s most desirable mining regions. The flagship Guayabales Project, featuring a major porphyry complex, has already yielded significant discoveries, including the high-grade Apollo system. Additionally, the San Antonio Project presents untapped potential with large mineralized zones and promising reconnaissance drilling results.
With a 60,000-meter drilling program planned for 2025, Collective Mining aims to expand its resource base while targeting new high-grade zones as Ramp Zone and Subzones at Apollo System, drilling new targets and San Antonio reconnaissance drilling. The company’s proximity to established mining operations, access to skilled labor, and infrastructure advantages provide significant cost efficiencies.
Further enhancing its investment appeal, Collective Mining is committed to sustainable practices, actively collaborating with local communities and incorporating renewable energy solutions into its operations. As global demand for copper, gold, silver and tungsten continues to rise, Collective Mining stands poised to deliver substantial returns, offering leverage to rising commodity prices and a strategic foothold in a globally significant mining jurisdiction.
Summary
Management Team
Collective Mining Inc. is led by a highly accomplished management team with deep expertise in mining exploration, development, and corporate strategy.
Ari Sussman, Executive Chairman: Former CEO of Continental Gold, where he successfully led the development of Colombia’s largest gold mine, culminating in a $2 billion acquisition by Zijin Mining. With over two decades of leadership in the mining sector, Ari brings unparalleled expertise in creating shareholder value.
Omar Ossma, CEO and President: A seasoned executive with extensive experience in financial strategy and project development. As former Legal Vice President for Continental Gold he was instrumental in the Company´s strategy towards licensing, building, and putting in operation the Buriticá Project, the largest gold mine in Colombia.
Paul Begin, CFO: A finance expert with a proven ability to manage capital structures and drive economic efficiency. Paul’s expertise in securing financing and overseeing corporate governance ensures Collective Mining remains financially robust as it advances its projects.
This dynamic team is further supported by experts in exploration, environmental stewardship, and community engagement, positioning Collective Mining for sustainable growth and long-term success.
Growth Strategy
Collective Mining Inc. is executing a comprehensive growth plan centered on advancing its flagship projects, Guayabales and San Antonio, toward resource definition and development.
Key elements of the growth strategy include:
Exploration Excellence: Collective Mining’s ongoing 60,000-meter drilling program for 2025 is designed to expand high-grade discoveries at the Apollo system and Trap, test promising targets like X and Tower, and reconnaissance drilling at San Antonio Project. These efforts aim to unlock the full potential of its porphyry-rich land package.
Sustainability Integration: Environmental stewardship and community collaboration are at the core of Collective Mining’s operations. By forming strategic alliances with local organizations, such as the Coffee Growers Committee of Caldas, the company ensures that mining and agriculture coexist harmoniously, benefiting all stakeholders.
Infrastructure Advantages: Located within an established mining camp, Collective Mining benefits from access to existing infrastructure, abundant labor, and hydroelectric power, reducing capital intensity and enabling efficient project development.
Strategic Partnerships: Collective Mining remains open to joint ventures and collaborations to accelerate development timelines and optimize resource potential.
Charts
Details
Financial Overview
As of 2025, Collective Mining Inc. is in a strong financial position, supported by strategic financing and efficient capital management. The company has approximately US$46.5 million in cash (as of September 2024), ensuring the resources needed to execute its ambitious 60,000-meter drilling program and advance its flagship Guayabales and San Antonio projects.
The company’s capital structure reflects a well-balanced approach to funding, with 77.6 million common shares outstanding and fully diluted shares totaling 83.2 million. Collective Mining has attracted significant interest from institutional investors, insiders, and strategic stakeholders, who collectively own over 44.5% of the company’s equity, showcasing confidence in its growth potential.
Collective Mining is supported by analyst coverage from leading firms, with target prices ranging from C$8.25 to C$16.00, reflecting the strong economic potential of its projects. The company continues to prioritize financial discipline while exploring opportunities for additional financing through equity, strategic partnerships, or project-level funding as development progresses.
Risk Factors and Mitigation
The profitability of Collective Mining’s projects depends on gold, silver, and copper prices, which are subject to global market fluctuations. To mitigate this, the company focuses on low-cost, high-grade discoveries and maintains a disciplined approach to operational efficiency. Additionally, the robust economics of its projects offer resilience even during periods of lower commodity prices.
Obtaining necessary permits is crucial for advancing mining projects. Collective Mining addresses this by maintaining strong relationships with Colombian regulatory bodies and actively engaging with local governments and communities to ensure alignment and transparency throughout the permitting process.
Exploration activities inherently carry technical and operational uncertainties. Collective Mining mitigates these risks by employing experienced geologists and leveraging state-of-the-art exploration methods. The company also ensures continuous resource evaluation to identify opportunities for expansion or optimization.
Mining activities can have environmental and social impacts. Collective Mining is committed to sustainability, as demonstrated by its partnerships with local stakeholders and investments in renewable energy solutions. By integrating community development initiatives and adhering to rigorous environmental standards, the company reduces potential disruptions and strengthens its social license to operate.
Conclusion
Collective Mining Inc. is emerging as a leading force in Colombia’s mining sector, driven by its high-potential exploration projects, world-class management team, and commitment to sustainability. With flagship projects as Guayabales and San Antonio, located in Caldas department, in the municipalities of Marmato, Supía and Pácora, the company is unlocking significant copper, gold, silver and tungsten resources within one of the most prolific mining districts in the world.
Guided by a proven track record of success, Collective Mining is advancing its projects through meticulous exploration and stakeholder collaboration, underpinned by a clear focus on environmental stewardship and community development. The company’s innovative approach and access to existing infrastructure provide it with a competitive advantage, ensuring capital efficiency and accelerated timelines.
As global demand for precious metals and critical minerals continues to rise, Collective Mining offers a unique investment opportunity with its de-risked path to production and potential for significant returns. By balancing aggressive resource expansion with responsible practices, Collective Mining is not just creating shareholder value but also contributing to the sustainable development of Colombia’s mining industry.
With a strong foundation, ambitious goals, and unwavering commitment to excellence, Collective Mining is poised to become a transformative player in the global mining landscape.