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An update from Collective Mining ( (TSE:CNL) ) is now available.
Collective Mining reported new assay results from four diamond drill holes at the Apollo system within its Guayabales Project in Colombia, confirming high-grade, near-surface mineralization in gold, tungsten, silver and copper, including standout intercepts such as 111.15 metres at 5.48 g/t gold equivalent from just 2 metres depth. The company said these holes returned higher gold and tungsten grades than those in its internal block model, improving local grades by up to 25%, closing drilling gaps at shallow depths and reinforcing Apollo’s status as a large, vertically continuous, multi-metal discovery that could positively influence a planned maiden mineral resource estimate and support its strategy of aggressive expansion drilling funded by a strong cash position.
The most recent analyst rating on (TSE:CNL) stock is a Hold with a C$23.50 price target. To see the full list of analyst forecasts on Collective Mining stock, see the TSE:CNL Stock Forecast page.
Spark’s Take on TSE:CNL Stock
According to Spark, TipRanks’ AI Analyst, TSE:CNL is a Neutral.
The score is constrained primarily by weak financial performance typical of a pre-revenue explorer (no revenue, widening losses, and rising cash burn), partially offset by a low-debt balance sheet. Technicals are a key positive with the price above major moving averages and positive momentum indicators. Valuation is neutral-to-weak because a negative P/E reflects ongoing losses and there is no dividend yield data.
To see Spark’s full report on TSE:CNL stock, click here.
More about Collective Mining
Collective Mining Ltd. is a Toronto-listed exploration company focused on advancing its flagship Guayabales Project, a district-scale, multi-target mineral property in Caldas, Colombia. The company explores for a suite of metals including gold, tungsten, silver and copper, with the Apollo system serving as its primary discovery and anchor asset within the project, supported by extensive diamond drilling and strong cash reserves to fund aggressive exploration programs.
Average Trading Volume: 211,211
Technical Sentiment Signal: Buy
Current Market Cap: C$1.77B
Learn more about CNL stock on TipRanks’ Stock Analysis page.