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Collective Mining ( (TSE:CNL) ) has shared an announcement.
On October 8, 2025, Collective Mining Ltd. announced the successful closing of its upsized public offering, raising C$125.4 million through the sale of 6.6 million common shares. Additionally, a non-brokered private placement with Agnico Eagle Mines Limited raised approximately C$15 million. The funds will be used to advance the Guayabales Project, including exploration and development activities, and to pursue other opportunities. This financing strengthens Collective Mining’s position in the industry and supports its ongoing projects, potentially benefiting stakeholders by expanding known gold deposits and exploring new targets.
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. is a gold, silver, copper, and tungsten exploration company with projects in Caldas, Colombia. The company has options to acquire a 100% interest in two projects located within an established mining camp with ten fully permitted and operating mines. Its flagship project, Guayabales, features the Apollo system, a large-scale, high-grade gold-silver-copper-tungsten system. The company is also conducting a significant drilling campaign at the San Antonio Project to explore new discoveries.
Average Trading Volume: 185,813
Technical Sentiment Signal: Buy
Current Market Cap: C$1.57B
For an in-depth examination of CNL stock, go to TipRanks’ Overview page.