Collective Mining

What Collective Mining does

Collective Mining Ltd. is a Canadian-incorporated mineral exploration company that acquires, explores and develops gold, silver, copper and tungsten deposits in Colombia's Middle Cauca belt. Founded in 2020 by the team that previously developed Continental Gold Inc. — sold to Zijin Mining for approximately C$2 billion in March 2020 — the company is dual-listed on the Toronto Stock Exchange and the Nasdaq Global Select Market under the symbol CNL, with its principal executive office in Miami, Florida. Its flagship asset is the Guayabales Project, anchored by the outcropping Apollo system, a large-scale, bulk-tonnage and high-grade Au-Ag-Cu-W discovery featuring multiple mineralization styles (upper brecciated porphyry, lower partially reduced intrusion-related system and overprinting carbonate base metal veins); a second project, San Antonio, hosts the Pound, Real and Euro grassroots targets.

The company's technical platform rests on grassroots exploration targeting of intrusion-related mineral systems, multi-phase drill programs and a proprietary AuEq calculation methodology that bakes in specific metal prices and recovery assumptions. As of early 2026 Collective had completed more than 184,000 meters of diamond drilling (120,000m at Apollo alone), was operating 13 diamond drill rigs across Guayabales, planned up to 100,000 meters of drilling in 2026, and was advancing a 3-kilometer underground exploration adit at Guayabales toward Q4-2026 construction with Q1-2027 underground drilling at the Trap target. Management and insiders own 45.2% of shares, and the board includes former senior figures from Kinross, Continental Gold, Resource Capital Funds, the Colombian National Mining Agency, and the Ministry of Transport.

Collective Mining is pre-revenue and finances exploration entirely through equity capital. It raised C$46.35M in October 2024 and C$140M in October 2025 via concurrent bought-deal financings (the latter with participation by Agnico Eagle Mines), held US$113.3M in cash as of March 31, 2026, and is covered by analysts at BMO, Canaccord Genuity, Clarus, Roth Capital, National Bank of Canada and Scotiabank. Future revenue is expected to be generated through mineral production, joint ventures, royalty/streaming arrangements, or asset sales to major mining companies that already operate in the surrounding district (Zijin-Continental Gold, Aris Mining, Atico Mining, South 32, Drummond). Community and government partnerships in Caldas — including a 600 kWp community solar project and post-earthquake relief coordination — support the social license to operate.

Name

Collective Mining

Legal name

Collective Mining Ltd.

Website

https://collectivemining.com

Company type

Public

Founded year

2020

Operating status

Operating

Short description

Collective Mining Ltd. is a Canadian-domiciled mineral exploration company discovering and developing gold, silver, copper and tungsten deposits in Colombia, anchored by the flagship Apollo system at the Guayabales Project and listed on the TSX and Nasdaq (CNL).

Ownership category

akta.pro rank

Product category

Mineral Exploration

NAICS

Other Metal Ore Mining (21229), Copper, Nickel, Lead, and Zinc Mining (212230), Support Activities for Metal Mining (213114)

SIC

Metal Mining (1000), Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB)

akta.pro secondary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

Keywords

• Mineral exploration
• Gold exploration
• Copper exploration
• Diamond drilling
• Mining exploration

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Mineral Exploration: Pre-revenue exploration stage company. Revenue generation anticipated through future mineral production from discovered deposits, joint ventures, or asset sales to major mining companies.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels9 records

Core offering

Collective Mining is a mineral exploration and development company that explores for and develops gold, silver, copper, and tungsten deposits at its two flagship projects in Colombia — the Guayabales Project (anchored by the Apollo system) and the San Antonio Project — using grassroots exploration methods and large-scale diamond drilling programs. The company is pre-revenue and currently monetizes its exploration activities through equity capital markets, with future revenue expected from mineral production, joint ventures, or asset sales to major mining companies.

Product overview

Collective Mining is a mineral exploration company operating two flagship projects in Colombia: the Guayabales Project (anchored by the Apollo system) and the San Antonio Project. The Guayabales Project features multiple discovery targets including the Apollo system, Apollo Ramp Zone, Trap, and Plutus. The San Antonio Project includes Pound, Real, and Euro targets. The company conducts grassroots exploration drilling programs to identify and develop gold, silver, copper, and tungsten mineral deposits.

Differentiator

Problem solved

Functional benefit

Products and services

• Guayabales Project Flagship mineral exploration project anchored by the Apollo system, a large-scale, outcropping, bulk-tonnage and high-grade gold-silver-copper-tungsten discovery with multiple targets including Apollo, Apollo Ramp Zone, Trap, and Plutus, located within a 4 km x 5 km target area cluster in the established Middle Cauca mining camp of Colombia.
• San Antonio Project Secondary mineral exploration project located approximately 4 km east of Guayabales, featuring targets including Pound, Real, and Euro, with significant grassroots discoveries including outcropping hydrothermal breccia bodies at the Pound target.

Quantifiable outcome

• Continental Gold sale to Zijin Mining for approximately C$2 billion in enterprise value (March 2020)
• +2 more outcomes

Named customers5 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor, major and core.

• Colombian Red Cross (Caldas Chapter)minorStrategic or Co-development Partner · 12 August 2026Humanitarian response partnership following August 2026 earthquake. Colombian Red Cross coordinates relief efforts and provides disaster response expertise to affected communities near company operations.
• ProCaldasminorStrategic or Co-development Partner · 12 August 2026Private-sector alliance for regional development in Caldas. Partner for earthquake relief efforts supporting health infrastructure recovery in affected areas.
• National Federation of Coffee Growers of ColombiamajorStrategic or Co-development Partner · 12 August 2026Strategic alliance for agricultural development and community support. Previously partnered on coffee farmer assistance programs. Involved in earthquake relief efforts for school infrastructure support.
• ANDI (National Business Association of Colombia)minorStrategic or Co-development Partner · 12 August 2026Business association partnership for earthquake relief. ANDI coordinates private sector recovery efforts and reconstruction planning in most affected areas.
• Guamal Afro-Colombian Community CouncilcoreStrategic or Co-development Partner · 4 August 2026Partnership for community-scale solar power project under Colombia's Comunidades Energéticas initiative. Project to benefit approximately 2,000 residents across 420 households through 600 kWp solar generation capacity. Guamal community provides organized structure and local governance for the initiative.
• Governor's Office of CaldascoreStrategic or Co-development Partner · 4 August 2026Government partner for solar energy initiative benefiting Guamal Afro-Colombian community. Provides regional political support and institutional framework for community energy project.
• Municipality of SupíacoreStrategic or Co-development Partner · 4 August 2026Local government partner for solar energy initiative. Project located in municipality of Supía, Caldas department where Guayabales project operates.
• CorpoCaldasmajorStrategic or Co-development Partner · 4 August 2026Regional environmental authority partnering on solar energy initiative. Provides regulatory guidance and environmental oversight for the community energy project.
• National Mining Agency (ANM) - ColombiacoreOthersColombian regulatory agency that grants mining titles. Granted 9 mining related licenses since September 2022. Ongoing permitting processes support exploration and development activities.

Scale indicators13 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Agnico Eagle Mines Limited: Senior Canadian gold producer with global operations. Highly relevant as Collective's strategic investor with participation rights, and as the most likely strategic acquirer / joint-venture counterparty; provides benchmark for valuation and exit multiple.
• Newmont Corporation: World's largest gold miner, which acquired GT Gold (founded by Collective director Ashwath Mehra). Relevant as broad incumbent comparator and potential acquirer of district-scale gold exploration assets.
• Kinross Gold Corporation: Senior gold producer where CEO Ned Jalil previously served as Chief Technical Officer. Relevant broad-incumbent comparator with operational footprint and active M&A history in the gold sector.

Direct peers

• G Mining Ventures Corp: Canadian-listed gold developer advancing the Tocantinzinho Gold Project in Brazil from construction to production. Directly comparable as a junior-to-mid-tier gold company transitioning from exploration/development toward production, with comparable team pedigree and capital markets profile.
• Aris Mining Corporation: Gold producer operating the Marmato Mine in Colombia adjacent to Collective's Guayabales project, plus Segovia operations. Closest geographic and operational peer, with multi-million-ounce resource base and active construction-stage expansion directly relevant to Collective's district context.
• Atico Mining Corporation: Operates the El Roble copper-gold mine in Colombia and has regional exploration interests in the Middle Cauca belt. Comparable as a Colombian-focused gold/copper operator with mining-stage activities in the same established mining camp as Collective.
• Solaris Resources Inc: Copper/gold exploration company advancing the Warintza project in Ecuador with a discovery-to-evaluation-stage profile. Comparable as an emerging Latin American copper-gold explorer with a flagship district-scale target and similar capital markets positioning.
• Troilus Gold Corporation: Gold-copper-silver explorer-developer advancing the Troilus project in Quebec, Canada. Comparable as a single-asset, district-scale precious/base-metals explorer transitioning through resource definition with comparable team profile and investor base.
• Tudor Gold Corp: Gold-silver explorer advancing the Treaty Creek project in British Columbia's Golden Triangle. Comparable as a discovery-stage precious-metals company with multi-million-ounce potential and a focus on large intrusion-related and porphyry-style systems.
• Condor Gold plc: Gold exploration and development company focused on the La India project in Nicaragua. Comparable as a Central American gold developer with a near-term production profile, similar stage, and emerging-market jurisdiction exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/CollectiveCNL
• LinkedInlinkedin.com/company/collectivemining
• Instagraminstagram.com/collectivemining
• TikToktiktok.com/@collectivemining

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Collective Mining