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Collective Mining Ltd. (T:CNL)

Business Focus: Diversified Mining

Sector:  Basic Materials Industry:  Diversified Mining
 
Company Contact
Address: 82 Richmond St E 4th Floor,
TORONTO ON M5C 1P1
Tel: N/A
Website: https://collectivemining.com
IR: See website
Key People
Ari Sussman
Executive Chairman of the Board
Omar Ossma
President, Chief Executive Officer
Paul Begin
Chief Financial Officer, Corporate Secretary
Business Overview
Collective Mining Ltd. is a Canada-based copper, silver, and gold exploration company with projects in Caldas, Colombia. The Company has options to acquire a 100% interest in two projects located directly within an established mining camp with ten fully permitted and operating mines. The Company's two projects are Guayabales and San Antonio. The Company's Guayabales project is anchored by the Apollo target, which hosts the bulk-tonnage and high-grade copper-silver-gold Apollo porphyry system. The Guayabales is a Copper, Gold, and Silver Project, which consists of approximately 4,300.16 hectares, situated in the prolific Middle Cauca mineral belt in Colombia, situated along the west side of the Panamerican highway. The San Antonio is also a copper-silver-gold project, which consists of approximately 4,729 hectares, situated four kilometers east of the Company's Guayabales project and is straddled by the Pan-American highway.
Financial Overview
For the fiscal year ended 31 December 2023, Collective Mining Ltd revenues was not reported. Net loss increased 11% to $19.1M. Higher net loss reflects Exploration and evaluation - Balancin increase of 25% to $13.9M (expense), Revaluation of warrants liability increase from $489K to $1.3M (expense), Salaries and benefits increase of 30% to $2M (expense).
Reporting Currency: U.S. Dollars
Enterprise value: $251.34M as of Dec 31, 2023
Annual revenue (TTM): $0.00M as of Dec 31, 2023
EBITDA (TTM): -$26.20M as of Dec 31, 2023
Net annual income (TTM): -$26.14M as of Dec 31, 2023
Free cash flow (TTM): -$23.62M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 65,136,906 as of Mar 6, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization