Collective Mining Q2 net loss widens to $20.1 million

Collective Mining posted a Q2 net loss of $20.1 million, widening from $8.52 million a year earlier.

• Loss per share widened to $0.22 from $0.11.
• Six-month net loss increased to $32.45 million from $25.45 million.
• Cash and cash equivalents fell to $93.73 million at June 30 from $129.65 million at Dec. 31.
• Total assets rose to $168.81 million from $158.05 million, driven by property, plant and equipment climbing to $53.01 million from $11.21 million.
• Total liabilities jumped to $52.74 million from $12.92 million, led by other long-term liabilities rising to $37.83 million from $4.65 million.