COLLECTIVE MINING LTD(CNL)

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Collective Mining Discovers a Gold-Copper Porphyry System at the San Antonio Project by Intersecting 290.20 Metres at 0.58 g/t Gold, 0.17% Copper, 3 g/t Silver and 70 ppm Molybdenum
Prnewswire· 2025-05-05 10:30
Accessibility StatementSkip Navigation The Company currently has nine drill rigs operating as part of its fully funded 70,000-metre drill program for 2025 with two rigs at the San Antonio Project and seven rigs at the Guayabales Project. Two additional deep capacity rigs are being mobilized to the Guayabales Project and will begin testing the high-grade Ramp Zone located at the bottom of the Apollo system in early Q3, 2025. Ari Sussman, Executive Chairman commented: "Detailed surface prospecting and drillin ...
Gold Rally Sparks Renewed Investor Rush Into Mining Stocks
Prnewswire· 2025-04-16 13:00
The article continued: After gold prices soared past $3,200 this month, analysts at UBS and Deutsch Bank have increased their projections for the precious metal to $3,500 and $3,700 respectively. As macroeconomic risks continue to rise, strategists are highlighting how gold prices have gone parabolic, and how to prepare for what's next. RUA GOLD reports improving gold grades with depth on the Reefton Project's Auld Creek gold- antimony project USA News Group News Commentary Issued on behalf of RUA GOLD Inc. ...
COLLECTIVE MINING LTD(CNL) - 2024 Q4 - Annual Report
2025-03-26 17:38
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F ☐ Form 40-F ☒ EXHIBIT INDEX Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of March, 2025 Commission File Number: 001-42170 Collective Mining Ltd. (Translation of registrant's name into English) 82 Richmond Street East, 4th Floor Toronto, Ontario Canada, M5C 1P1 (Address of principal executive office) Indicate by check mark whether the registr ...
Collective Mining Ltd. Files Annual Report on Form 40-F and Supporting Documentation
Prnewswire· 2025-03-26 16:53
Company Overview - Collective Mining Ltd. is a gold, silver, copper, and tungsten exploration company with projects located in Caldas, Colombia, and has options to acquire 100% interests in two projects within an established mining camp that includes ten fully permitted and operating mines [4] - The company was founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value [4] Financial Reporting - Collective Mining has filed its SEC Annual Report on Form 40-F for the year ended December 31, 2024, which includes the Annual Information Form, audited Financial Statements, and Management's Discussion & Analysis [1] - Shareholders can request a hard copy of the complete audited Financial Statements for the year ended December 31, 2024, free of charge [2] Key Projects - The flagship project, Guayabales, is anchored by the Apollo system, which hosts a large-scale, bulk-tonnage, and high-grade gold-silver-copper-tungsten resource [5] - The company's objectives include improving the overall grade of the Apollo system, expanding the Apollo system along strike, and drilling newly generated targets such as Tower and X [5] Shareholder Alignment - Management and insiders own approximately 33.4% of the outstanding shares of the company, indicating alignment with shareholder interests [6] Corporate Information - Collective Mining is listed on the NYSE American and TSX under the trading symbol "CNL" and on the FSE under the trading symbol "GG1" [6]
Collective Mining Announces Closing of Investment and Early Exercise of Warrants for Gross Proceeds of C$63.4 Million
Prnewswire· 2025-03-20 13:48
Core Viewpoint - Collective Mining Ltd. has successfully closed an investment from Agnico Eagle Mines Limited, raising approximately C$52.1 million through the issuance of common shares and the exercise of warrants, increasing Agnico Eagle's ownership to about 14.99% [1][2]. Group 1: Investment Details - Agnico Eagle subscribed for 4,741,984 common shares at C$11.00 per share, totaling approximately C$52.1 million [1]. - Concurrently, Agnico Eagle exercised warrants to acquire an additional 2,250,000 shares at C$5.01 per share, amounting to C$11,272,500 [1]. - The total investment from Agnico Eagle, including both the share subscription and warrant exercise, reflects a significant commitment to Collective Mining [1]. Group 2: Use of Proceeds - Proceeds from the offering and warrant exercise are intended for exploration activities on the company's properties in Colombia and for general working capital purposes [2]. Group 3: Investor Rights Agreement - An Investor Rights Agreement was established, granting Agnico Eagle rights to maintain its ownership percentage and nominate board members, which was amended to reflect the increased ownership level [3]. - The ownership interest ceiling for participation rights was raised from 9.99% to 14.99% in the amended agreement [3]. Group 4: Company Overview - Collective Mining is focused on gold, silver, copper, and tungsten exploration in Colombia, with options to acquire 100% interests in two projects within an established mining camp [6]. - The flagship project, Guayabales, features the Apollo system, which is characterized by large-scale, high-grade mineralization [7]. - Management insiders hold approximately 33.4% of the outstanding shares, aligning their interests with those of shareholders [8].
Collective Mining Announces Investment and Early Exercise of Warrants by Agnico Eagle for Gross Proceeds of C$63.4 Million
Prnewswire· 2025-03-14 10:30
Core Viewpoint - Collective Mining Ltd. has entered into an agreement with Agnico Eagle Mines Limited for a subscription of 4,741,984 common shares at C$11.00 per share, with total gross proceeds expected to be approximately $63.4 million from the offering and the exercise of existing warrants [1][2]. Group 1: Financial Details - Agnico Eagle will acquire 4,741,984 shares at C$11.00 per share, and will also exercise warrants to acquire an additional 2,250,000 shares at C$5.01 per share [1]. - The total gross proceeds from the offering and the exercise of the warrants will be approximately $63.4 million [1]. - Following the closing of the offering, Agnico Eagle's ownership interest in Collective Mining is expected to increase to approximately 14.99% [1]. Group 2: Use of Proceeds - The proceeds from the offering and the exercise of the warrants will be utilized for exploration on the company's properties in Colombia and for general working capital purposes [2]. - The company plans to continue its drill program at the Guayabales Project, with results expected to be released in the near term [2]. Group 3: Company Background - Collective Mining Ltd. is a gold, silver, copper, and tungsten exploration company with projects located in Caldas, Colombia [4]. - The company's flagship project, Guayabales, is anchored by the Apollo system, which is characterized by large-scale, bulk-tonnage, and high-grade mineralization [5]. - Management and insiders own approximately 36% of the outstanding shares, indicating alignment with shareholders [6].
Collective Mining Drills its Best Hole to Date at the Recently Discovered Ramp Zone by Intersecting 75.80 Metres at 8.01 g/t Gold Equivalent
Prnewswire· 2025-03-12 20:01
Core Insights - The company has made a significant discovery in the Ramp Zone, with an internal 3D model developed to explain its formation, suggesting potential for extensive mineralization beyond the current breccia body at Apollo [1][3] - A fully funded 60,000-metre drill program for 2025 is underway, with six drill rigs currently operational, targeting multiple projects including Apollo, Tower, and San Antonio [1][4] - The Ramp Zone has been expanded to dimensions of at least 75 metres of strike, 480 metres in width, and 150 metres vertically, remaining open in all directions [3] Drilling Program Objectives - The 2025 drilling objectives include improving the grade profile of the Apollo system, expanding the dimensions of the Ramp Zone, and testing the northern extension potential at shallower elevations [2][4] - The company aims to systematically drill test newly modeled high-grade sub-zones within the top 1,000 vertical metres to enhance the overall grade of the Apollo system [4][8] Assay Results - Drill hole APC105-D1 reported the best results to date in the Ramp Zone, with 75.80 metres at 8.01 g/t gold equivalent, including 21.00 metres at 24.16 g/t gold equivalent [4][5] - Drill hole APC103-D3 showed significant mineralization with 20.30 metres at 6.68 g/t gold equivalent from the Ramp Zone [4][5] Company Overview - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration in Caldas, Colombia, with options to acquire 100% interests in two projects within an established mining camp [7][8] - The flagship project, Guayabales, is anchored by the Apollo system, which is characterized by large-scale, bulk-tonnage, and high-grade mineralization [8][9] Shareholder Alignment - Management, insiders, and a strategic investor collectively own approximately 44.5% of the company's outstanding shares, indicating strong alignment with shareholder interests [9]
Collective Mining Drills Best Intersection to Date at Apollo Returning 106.35 Metres at 9.05 g/t AuEq Within 497.35 Metres at 3.01 g/t AuEq
Prnewswire· 2025-02-24 21:01
Core Insights - The company is executing a fully funded 60,000-metre drill program for 2025, currently operating six drill rigs with plans for a seventh rig to commence drilling in March [1] - The Guayabales Project has seen approximately 108,000 metres of diamond drilling completed, with 72,500 metres specifically at the Apollo system [1] - The Apollo system is highlighted as a significant area of interest, with ongoing drilling expected to enhance the grade of mineralization [2] Drilling Program Details - The 2025 drilling objectives include targeting high-grade sub-zone models, expanding the Ramp Zone, and testing northern extensions of the Apollo system [4][9] - Drill hole APC104-D5 reported a high-grade intercept of 497.35 metres at 3.01 g/t gold equivalent, with a notable section of 106.35 metres at 9.05 g/t gold equivalent [5][6] - The highest-grade intercept ever drilled at Apollo was recorded at 1,499 g/t gold equivalent on a grams X metres basis [5] Assay Results - Assay results from drill holes APC104-D3 and APC104-D4 indicate significant mineralization, with APC104-D3 yielding 351.35 metres at 2.00 g/t gold equivalent and APC104-D4 yielding 176.40 metres at 3.15 g/t gold equivalent [6] - Specific intervals within these holes show higher grades, such as 83.15 metres at 4.06 g/t gold equivalent in APC104-D3 and 55.05 metres at 5.06 g/t gold equivalent in APC104-D4 [6] Company Overview - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration in Caldas, Colombia, with options to acquire 100% interests in two projects within an established mining camp [8] - The company is listed on the NYSE American and TSX under the symbol "CNL" and on the FSE under "GG1" [10]
Collective Mining Appoints Jasper Bertisen to its Board of Directors
Prnewswire· 2025-02-06 21:01
TORONTO, Feb. 6, 2025 /PRNewswire/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce the appointment of Jasper Bertisen to its Board of Directors ("Board") effective immediately.Ari Sussman Chairman of Collective's Board of Directors commented, "Jasper is a well-seasoned executive in the mining industry with a strong background in the evaluation of mining projects from both technical and financial perspectives. His ability to provide strategic guidance in ...
Collective Mining Expands the High-Grade Ramp Zone by Intersecting 51.95 Metres at 8.38 g/t AuEq Including 18.05 Metres at 16.32 g/t AuEq
Prnewswire· 2025-02-04 21:01
Core Insights - The company is conducting a fully funded 60,000-metre drill program for 2025, with five drill rigs currently operational and two additional rigs contracted to start in February [1] - The Ramp Zone is a priority target in the drilling program, with plans to deploy up to three rigs simultaneously [1] Drilling and Mineralization - Gold and silver mineralization in the Ramp Zone is associated with bismuth and tellurium sulphides, along with pyrite and pyrrhotite [3] - Early assay results from the Ramp Zone show significantly higher gold grades compared to the nearby Marmato Deeps deposit, which is located 1.75 kilometers southeast [3][5] - The company has identified two primary reasons for the higher gold grades in the Ramp Zone [3] Assay Results - Drill hole APC103-D2 intersected high-grade mineralization at 1,200 metres below surface, extending the vertical dimension of the Ramp Zone by 150 metres [5] - Significant assay results include: - 51.95 metres at 8.38 g/t gold equivalent from 227.10 metres, including 18.05 metres at 16.32 g/t gold equivalent [5] - 48.30 metres at 3.00 g/t gold equivalent from 396 metres in hole APC103-D1 [5] - The mineralization is located between 1,050 metres and 1,200 metres below surface, indicating a new style of mineralized system [5] Comparison with Marmato Deeps - The Ramp Zone's mineralization is hosted within a breccia, which has more porosity for metal-bearing fluids compared to the porphyry host rock at Marmato Deeps [6] - The Marmato Deeps deposit has an NI43-101 compliant resource estimate of 3.76 million ounces of gold at 2.54 g/t in the measured plus indicated category [5] Company Overview - Collective Mining Ltd. is focused on gold, silver, copper, and tungsten exploration in Caldas, Colombia, with options to acquire 100% interests in two projects within an established mining camp [9][10] - The company is listed on the NYSE and TSX under the symbol "CNL" and on the FSE under "GG1" [11]