Collective Mining Secures C$63.4 Million Investment from Agnico Eagle

An announcement from Collective Mining ( (TSE:CNL) ) is now available.

Collective Mining Ltd. has announced a significant investment agreement with Agnico Eagle Mines Limited, resulting in gross proceeds of approximately C$63.4 million. This investment will increase Agnico Eagle’s ownership in Collective Mining to around 14.99%. The funds will be used to advance the company’s exploration projects in Colombia, particularly the Guayabales Project, and for general working capital. This strategic move is expected to bolster Collective Mining’s operational capabilities and enhance its industry positioning.

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 100% interests in two projects within an established mining camp, featuring ten fully permitted and operating mines. Its flagship project, Guayabales, is anchored by the Apollo system, known for its large-scale, bulk-tonnage, and high-grade gold-silver-copper-tungsten deposits.

YTD Price Performance: 82.05%

Average Trading Volume: 18,380

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $533.3M

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