Collective Mining Ltd. — Cyborg Score 7/10

Strong
Mineral Exploration & Development

Strategic Profile

The company's flagship project, Guayabales, is anchored by the Apollo system, which hosts a large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten Apollo system. Management and insiders own approximately 33.4% of the outstanding shares of the Company, fully aligning them with shareholders. The company is advancing aggressive exploration drilling programs at both Guayabales and San Antonio projects.

Cyborg Score Rationale

The company exceeded the Canadian Market which returned 33.7% over the past year. Strong management alignment and active exploration success position the company well, though it is currently unprofitable and not forecast to become profitable over the next 3 years.

Top Insights

  • The company plans to drill up to 100,000 metres in 2026.
  • Carlos Andrés Santos was appointed as Executive Vice President in January 2026.
  • The company was added to the MSCI Canada Small Cap Index effective May 30, 2025.
  • The mission is to repeat past success in Colombia by making a significant new mineral discovery and advancing the project to production.

Named Competitors

  • Mineral Exploration — Major gold mining company with strategic investment in Collective Mining
  • Gold Exploration — Large-cap gold producer (acquired GT Gold from Collective's executive)
  • Colombian Mining Projects — Global gold producer with operations in South America

Recent Developments

  • (January 2026) Executive Vice President appointment - Carlos Andrés Santos
  • (January 2026) High-grade silver-rich vein system discovered at San Antonio Project
  • (October 2025) C$125 million bought deal public offering completed at C$19.00 per share

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