Quarterly ResultAug 12, 2026, 06:08 AM
Collective Mining Q2 Net Loss $(32.45)M; Nasdaq Listing
AI Summary
Collective Mining Ltd. reported a net loss of $(32.45) million for the six months ended June 30, 2026, compared to $(25.45) million in the prior year, with a basic and diluted loss per share of $(0.35). The company's common shares began trading on the Nasdaq Global Select Market on August 11, 2026, following a voluntary transfer from the NYSE American. The company significantly increased its property, plant, and equipment to $53.01 million and mining concession assets to $14.81 million, driven by strategic land acquisitions and exploration activities at its Guayabales and San Antonio Projects in Colombia.
Key Highlights
- Common shares transferred to Nasdaq Global Select Market on August 11, 2026.
- Net loss for six months ended June 30, 2026, was $(32.45) million.
- Basic and diluted loss per share for six months was $(0.35).
- Cash and cash equivalents decreased to $93.73 million as of June 30, 2026.
- Total assets increased to $168.81 million, while total liabilities rose to $52.74 million.
- Property, plant and equipment increased to $53.01 million, driven by land acquisitions.
- Exploration and evaluation expenses for six months increased to $(23.91) million.
- Filed a base shelf prospectus for up to C$500 million for future offerings.
Price Impact
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