Collective Mining net loss more than doubles to USD 23.48 million for three months ended Sept. 30, 2026
CNL•Collective Mining reported a net loss of USD 23.48 million for the three months ended September 30, 2026, more than double a year earlier, and said maintaining exploration programs at their current pace will require additional financing.
1. Loss and cash position
Collective Mining’s net loss more than doubled year-over-year to USD 23.48 million for the three months ended September 30, 2026. Exploration and evaluation expenses rose 95% to USD 17.19 million, while cash and cash equivalents fell 46% from December 31, 2025, to USD 70.6 million at September 30. Management said maintaining exploration programs at their current pace will require additional financing.
