ExpansionJul 13, 2026, 07:24 AM
Collective Mining Expands Guayabales Project with New Mining Titles
AI Summary
Collective Mining Ltd. announced that the Colombian National Mining Agency (ANM) granted additional mining titles for its Guayabales Project, following successful public hearings in Supia and Marmato. These new titles significantly expand the company's titled land position, enhancing exploration flexibility and providing new drill-ready targets. The company is well-funded with US$113.3 million in cash and plans up to 100,000 meters of drilling in 2026.
Key Highlights
- ANM granted new mining titles on July 10, 2026, following a public hearing in Supia.
- Additional mining titles were granted on April 10, 2026, after a public hearing in Marmato.
- The new titles materially increase the company's titled land position for the Guayabales Project.
- Expanded footprint provides new drill-ready targets, with drilling expected to commence this year.
- Collective Mining holds US$113.3 million in cash as of March 31, 2026.
- The 2026 program plans for up to 100,000 meters of drilling.
- Currently, 13 diamond drill rigs are operating across the Guayabales Project.
Price Impact
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