Collective Mining Ltd. reported Q1 2026 net loss of $12.4 million with cash at $113.3 million, increased exploration spending, and multiple land acquisitions at Guayabales Project.
Key takeaways
Net loss of $12.4 million ($0.13 per share) for three months ended March 31, 2026 vs $16.9 million ($0.22 per share) in Q1 2025.
Cash and equivalents decreased to $113.3 million from $129.6 million at year-end.
Exploration expenses rose to $9.1 million, with $8.1 million on Guayabales and $1.0 million on San Antonio.
Entered land purchase agreements totaling $46.1 million with staged payments through 2030.
Settled $1.5 million First Guayabales Option balance and acquired Trap mining concession rights for $3.48 million.
Appointed Carlos Andres Santos and Russell Evans as Executive Vice Presidents.