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Collective Mining ( (TSE:CNL) ) has issued an announcement.
Collective Mining Ltd. has accelerated its agreement to acquire 100% ownership of the Guayabales mining license, which hosts the company’s flagship Apollo system in Caldas, Colombia. This strategic move, supported by the company’s strong financial position, is expected to enhance its future permitting efforts and advance the project. The accelerated payment schedule maintains the original financial terms, and the title transfer is anticipated within 60 days, positioning Collective Mining advantageously in its industry.
The most recent analyst rating on (TSE:CNL) stock is a Buy with a C$8.50 price target. To see the full list of analyst forecasts on Collective Mining stock, see the TSE:CNL Stock Forecast page.
More about Collective Mining
Collective Mining Ltd. is a gold, silver, copper, and tungsten exploration company with projects in Caldas, Colombia. Founded by the team that developed and sold Continental Gold Inc., the company focuses on high-grade exploration projects and holds options to acquire 100% interests in two projects within an established mining camp. Its flagship project, Guayabales, features the Apollo system, known for its large-scale, bulk-tonnage, and high-grade deposits.
YTD Price Performance: 119.54%
Average Trading Volume: 164,228
Technical Sentiment Signal: Buy
Current Market Cap: C$1.13B
Find detailed analytics on CNL stock on TipRanks’ Stock Analysis page.