Northwire Canada EditionFriday, November 13, 2026
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Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2% Gold 3,885.30 −2.9% Silver 50.06 −3.7% Copper 6.19 −1.5% Oil 88.70 +2.5% Palladium 992.00 −5.2% SEA 35.00 −3.2% GLO 0.300 −6.2% WM 1.42 −2.1% MFG 3.25 −4.7% RAGE 0.295 +0.0% DPM 50.56 −4.2% ARIS 21.08 −4.7% AUEN 0.170 +6.2% FCI 0.540 −1.8% SLI 1.98 −5.3% COCO 0.350 −4.1% BCU 0.060 +0.0% BGF 0.025 +0.0% TDG 0.710 +44.9% PRU 6.04 −4.1% NGEX 21.01 −5.2%
Drill Results

Collective Mining Intersects 467.35 Metres at 1.63 g/t AuEq from 170.10 Metres at Apollo and Expands the System to the Southeast

Collective Mining Caps Year with Massive Apollo Extensions as Aggressive 14-Rig Program Looms for 2026

By The Northwire Desk — AI Analysis Dec 30, 2025 · 06:30 CNL · 20.14 Collective Mining Ltd.
Executive Summary

The most recent news release (December 30, 2025) reports significant drilling results from the Guayabales Project in Colombia. Key highlights include: - Hole APC142-D2 intersected 467.35 metres at 1.63 g/t AuEq (1.4 g/t Au) starting from 170.10 metres depth, confirming broad continuity at the Apollo system. - Hole APC142-D1 returned 591.85 metres at 1.07 g/t AuEq (0.9 g/t Au). - Expansion of the system to the Southeast and discovery of a new porphyry system at the Plutus target (127.2m @ 0.21 g/t Au from surface). - The company finished 2025 with 155,500 metres drilled (exceeding the 70,000m plan) and holds US$135 million in cash. - Operational guidance for 2026 includes 80,000 metres of drilling using up to 14 rigs.

Material Impact

This news is materially positive as it confirms the "district-scale" thesis management has promoted throughout 2025. - Continuity: The long intercepts (400m+) confirm that Apollo is not just high-grade "pockets" but a massive, continuous mineralized body. - Scalability: The discovery at Plutus, while low grade (0.21 g/t Au), indicates the presence of a new porphyry center, providing long-term "blue sky" potential beyond the main Apollo breccia. - Financial Strength: US$135M in cash is an exceptional treasury for an explorer, largely due to the $140M CAD raise in October 2025 at $19.00/share. This removes financing risk for the next 18-24 months. - Critical Analysis of Grade: While the meterage is impressive, the gold-equivalent (AuEq) calculation in this release uses a $3,000/oz gold price. This is significantly higher than the $2,000-$2,200 used in earlier 2025 releases. This inflation of metal price assumptions makes the "AuEq" figures appear more robust than historical comparisons.

CNL · Price
Company Overview

Collective Mining is a Canadian-listed explorer focused on the Middle Cauca Belt in Colombia. - Flagship Project: Guayabales. - Key Discovery: The Apollo System, a high-grade, bulk-tonnage gold-silver-copper-tungsten breccia system. - Secondary Project: San Antonio (porphyry targets). - Evolution: In 2025, the company transitioned from a single-target explorer to a multi-discovery developer, identifying the "Ramp Zone" at depth and new zones like "X" and "Plutus."

Read the original news release →

More from Collective Mining Ltd.

Nov 10, 2026 · 06:30

Collective’s deep ramp step-out doubles the vertical extent of the deposit, although high grades trail the prior anchor hole.

Drill Results Nov 03, 2026 · 06:30

Collective reports Broad Ramp intersection with elevated grade-thickness, though total tonnes for the deposit remain pending final calculation.

Drill Results Oct 27, 2026 · 06:30

Collective reports positive step-outs at SHZ, though grade and scale do not reset the thesis.

Drill Results Oct 22, 2026 · 17:00

Collective’s maiden Apollo resource is validated by a NI 43-101 report as drilling momentum continues at the project.

Resource Estimate Oct 20, 2026 · 06:30

Collective’s Ramp Zone extends 340m northwest with grades trailing the southeastern anchor.

Drill Results Oct 13, 2026 · 06:30

Collective reports a 5.5m wide Ag-W intersection and broad SHZ holes near cutoff grade at its project.

Drill Results