Collective Mining initiated with an Outperform at BMO Capital

BMO Capital analyst Andrew Mikitchook initiated coverage of Collective Mining with an Outperform rating and C$8.25 price target. The company’s Apollo gold/silver/copper discovery in Colombia represents “a rare, sizeable, new discovery in the mining sector” and the market is most likely to reward extensions to the high-grade core of Apollo or indications that a similar high-grade core exists at other targets, the analyst tells investors.