Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Collective Mining ( (TSE:CNL) ) just unveiled an announcement.
Collective Mining has announced a significant extension of the Ramp Zone within its Apollo system at the Guayabales Project, with new drilling results showing promising high-grade gold and silver mineralization. The expansion of the Ramp Zone, which has been extended by 200 metres, is part of the company’s broader strategy to explore and develop its mineral resources, potentially mirroring the scale of nearby multi-million-ounce deposits. This development is crucial for the company’s growth and could enhance its market position in the mining sector.
The most recent analyst rating on (TSE:CNL) stock is a Buy with a C$18.00 price target. To see the full list of analyst forecasts on Collective Mining stock, see the TSE:CNL Stock Forecast page.
More about Collective Mining
Collective Mining Ltd. operates in the mining industry, focusing on the exploration and development of mineral properties. The company is engaged in projects such as the Guayabales Project in Caldas, Colombia, which includes the Apollo system known for its significant mineralization. Collective Mining is well-funded, with a substantial drill program underway to expand its discoveries.
Average Trading Volume: 164,519
Technical Sentiment Signal: Buy
Current Market Cap: C$1.71B
Learn more about CNL stock on TipRanks’ Stock Analysis page.