Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest update is out from Collective Mining ( (TSE:CNL) ).
Collective Mining has announced the discovery of a new high-grade copper-silver sub-zone, HZ2, within the Apollo system of its Guayabales Project. This discovery, along with the extension of the previously identified HZ1, enhances the potential of the Apollo system, which remains open for further exploration. The company is conducting a fully funded 70,000-meter drilling program with nine rigs in operation, aiming to improve the grade profile and expand the dimensions of the Apollo system. This development is expected to increase the overall grade and mining flexibility, potentially impacting future mining scenarios and positioning Collective Mining favorably within the industry.
The most recent analyst rating on (TSE:CNL) stock is a Buy with a C$15.75 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 company operating in the mining industry, focusing on the exploration and development of mineral resources. The company primarily targets gold, silver, and copper deposits, with its most advanced project being the Guayabales Project in Caldas, Colombia. Collective Mining is actively engaged in extensive drilling programs to discover and expand high-grade mineral zones within its projects.
Average Trading Volume: 161,037
Technical Sentiment Signal: Buy
Current Market Cap: C$1.13B
For a thorough assessment of CNL stock, go to TipRanks’ Stock Analysis page.