National Bank initiated coverage of Collective Mining (CNL) with an Outperform rating and C$22.75 price target The company is advancing the highly prospective Gold-Silver-Copper-Tungsten targets in Colombia’s prolific porphyry district, anchored by its flagship Apollo system at Guayabales, the analyst tells investors in a research note. Apollo is also underpinned by an expanding database of wide and high-grade intercepts, placing it among the major new discoveries this exploration cycle, and heightening anticipation for the maiden resource in the second half of 2026, the firm added.
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