Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Collective Mining ( (TSE:CNL) ) has provided an update.
Collective Mining has announced a significant expansion of its Ramp Zone within the Apollo system, marking its highest-grade gold intercept to date. The drilling results indicate a substantial increase in the mineralized envelope, which now measures 315 meters along strike by 300 meters vertically and remains open in all directions, suggesting potential for further growth. This expansion is expected to be a major value driver for the company as it plans aggressive drilling into 2026, supported by a robust financial position with US$135 million in cash.
The most recent analyst rating on (TSE:CNL) stock is a Buy with a C$16.50 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. operates in the mining industry, focusing on exploration and development of mineral resources. The company is primarily involved in extracting gold, silver, copper, and tungsten, with a significant project called the Guayabales Project located in Caldas, Colombia.
Average Trading Volume: 228,605
Technical Sentiment Signal: Buy
Current Market Cap: C$1.52B
Find detailed analytics on CNL stock on TipRanks’ Stock Analysis page.