Logo

CNL

Collective Mining Ltd.

CNL

Collective Mining Ltd. • NYSE
$11.52 ▲ 4.07% (+0.45)
Market Cap $990.21 M
52w High $14.96
52w Low $3.35
Dividend Yield 0%
P/E -22.59
Volume 17.80K
Outstanding Shares 85.96M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $0 $11.214M ▲ $-10.844M ▼ 0% $-0.13 ▼ $-10.517M ▼
Q2-2025 $0 $9.669M ▲ $-8.519M ▲ 0% $-0.11 ▲ $-8.277M ▲
Q1-2025 $0 $6.745M ▲ $-16.928M ▼ 0% $-0.21 ▼ $-16.665M ▼
Q4-2024 $0 $6.17M ▲ $-9.591M ▼ 0% $-0.12 ▼ $-9.489M ▼
Q3-2024 $0 $5.947M $-6.301M 0% $-0.092 $-6.198M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $52.933M ▼ $78.384M ▼ $17.418M ▲ $60.965M ▼
Q2-2025 $70.581M ▼ $86.113M ▲ $15.165M ▲ $70.948M ▼
Q1-2025 $78.026M ▲ $83.277M ▲ $4.553M ▼ $78.724M ▲
Q4-2024 $38.931M ▲ $42.556M ▲ $5.548M ▲ $37.008M ▲
Q3-2024 $15.52M $19.128M $3.845M $15.284M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-10.844M ▼ $-9.637M ▼ $-7.811M ▼ $-184.019K ▼ $-17.649M ▼ $-10.773M ▼
Q2-2025 $-8.519M ▲ $-7.587M ▼ $-105.499K ▼ $-141.798K ▼ $-7.445M ▼ $-7.692M ▼
Q1-2025 $-16.928M ▼ $-5.428M ▲ $-26.58K ▲ $44.408M ▲ $39.095M ▲ $-5.455M ▲
Q4-2024 $-9.591M ▼ $-6.056M ▼ $-146.774K ▼ $31.096M ▲ $23.411M ▲ $-6.203M ▼
Q3-2024 $-6.3M $-5.917M $-25.502K $158.701K $-5.616M $-5.943M

Revenue by Products

Product Q2-2019Q1-2020
Affiliate Revenue
Affiliate Revenue
 $20.00M ▲$30.00M ▲
Electric Customer Credits
Electric Customer Credits
 $-10.00M ▲$-10.00M ▲
Other Retail
Other Retail
 $0 ▲$0 ▲
Retail
Retail
 $200.00M ▲$170.00M ▼
Retail Commercial
Retail Commercial
 $70.00M ▲$60.00M ▼
Retail Industrial
Retail Industrial
 $30.00M ▲$30.00M ▲
Retail Residential
Retail Residential
 $100.00M ▲$80.00M ▼
Retail Surcharge
Retail Surcharge
 $0 ▲$0 ▲
Transmission
Transmission
 $20.00M ▲$20.00M ▲
Product and Service Other
Product and Service Other
 $0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement CNL is a pure exploration company, so it has no operating revenue yet. All activity flows through expenses related to exploration, corporate overhead, and administration, which results in steady annual losses. Those losses are relatively modest in absolute terms but have persisted over several years, reflecting an early‑stage business still far from production. Per‑share losses move around from year to year but remain clearly negative, which is typical for a company that has not started mining or generating sales.

Balance Sheet

Balance Sheet The balance sheet is small but clean. Assets are largely made up of cash and exploration-related items, with no financial debt in the structure. Equity essentially mirrors total assets, which means the business has been funded by shareholders rather than borrowing. Cash levels have stepped up in the most recent period, suggesting recent funding or careful cash management, and the stock split mainly affects share count optics rather than underlying financial strength.

Cash Flow

Cash Flow Cash flows are consistently negative from operations, reflecting ongoing exploration and corporate costs without any offsetting revenue. Free cash flow is also negative but relatively contained, and there is little to no spending on heavy long‑term equipment yet. This means the company is still in a light-asset, drilling-focused phase. The business depends on external funding to support its programs, so future exploration pace will largely track its ability to keep raising cash on reasonable terms.

Competitive Edge

Competitive Edge CNL’s competitive position is built around three main pillars: its land package in a prolific Colombian mining belt, a management team with a strong track record in the country, and a deliberate focus on community and environmental practices. The company controls attractive ground in a well-known gold and copper trend, giving it geological potential that many peers would like to replicate. Its leadership previously created and sold a major Colombian gold developer, which gives CNL credibility with regulators, partners, and local stakeholders. The company also emphasizes social license and infrastructure access, which can reduce project risk, though it still faces typical exploration uncertainties and some controversy around land title that investors will watch closely.

Innovation and R&D

Innovation and R&D Innovation here is about smarter exploration rather than new hardware or patented technology. CNL uses a structured, science-based approach that blends mapping, sampling, geophysics, and 3D modeling to narrow down drill targets and better understand complex porphyry systems. The technical team’s deep experience in this specific geology is a key intangible asset, helping them interpret data more effectively than a generic explorer might. The company is also pushing forward with extensive drilling, metallurgical testing, and resource work, which together act like its “R&D pipeline” for turning early discoveries into defined deposits.

Summary

Overall, CNL is a classic early-stage exploration story: no revenue, recurring losses, and a reliance on shareholder funding, but with a clean, debt‑free balance sheet and a focused use of cash. The main value drivers sit outside the historical financials—namely, the quality of its Colombian projects, the expertise of its team, and its community engagement model. Key uncertainties include geological risk, permitting and social risk, and the ongoing need for capital to sustain drilling and studies. If the company can keep converting exploration work into well-defined, economically attractive resources while maintaining local support, its financial profile could change significantly over time, but for now it remains firmly in the speculative, pre-production phase.

NEWS

November 10, 2025 · 6:30 AM UTC

Collective Mining Announces that Drilling is Underway to Target the Near Surface and Tungsten Rich Portion of Apollo

Read more

October 20, 2025 · 7:00 AM UTC

Collective Mining Provides an Exploration Update: Significant Visual Mineralization Intersected in Expansion Drilling at Both the Guayabales and San Antonio Projects

Read more

October 2, 2025 · 9:11 AM UTC

Collective Mining Increases Previously Announced Bought Deal Financing to C$125 Million

Read more

October 1, 2025 · 5:01 PM UTC

Collective Mining Announces C$100 Million Bought Deal Financing

Read more

October 1, 2025 · 6:30 AM UTC

Collective Mining Announces a 200 Metre Strike Extension at the Ramp Zone with Results Including 50.50 Metres at 5.66 g/t Gold and 13 g/t Silver

Read more