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Explores multiple gold-copper deposits in the Marmato district of Colombia.
Explores multiple gold-copper deposits in the Marmato district of Colombia.
Has no mine in production and earns no sales; drilling is paid for by raising money from investors. Its value turns on whether continued drilling at its Colombian project proves a deposit large and rich enough to build, and on Colombian permitting.
Moat: none (installed base). Consolidated a promising Colombian district but remains pre-resource/pre-construction.
Headquarters: Toronto, Canada · Founded: 2020 · Employees: 154
Size Collective Mining (CNL.TO) is a Canada Materials company (Other Metals/Minerals) with a market value of $1.17B, the 231st largest of 420 Canada companies the cockpit tracks. Shares closed at C$18.89 on 6 Nov 2026.
Performance Over six months the shares fell 22.0%, against -27.6% for the median peer and +5.2% for the Canada market (cap-weighted) — 9th highest of 20 in its peer set.
Valuation It trades at 10.64× book value against a peer median of 2.81× (most expensive of 18).
Price implies The share price implies a return on equity of about 54.5%; Collective Mining delivers -60.1%, so the price asks more than the business earns today.
Next results Next results expected around 18 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$0 | C$0 | C$0 | C$0 | C$0 |
| Revenue growth | — | — | — | — | — |
| Gross profit | -C$1.80M | -C$1.13M | -C$465,591 | -C$332,190 | -C$287,828 |
| EBITDA | -C$77.6M | -C$57.6M | -C$32.2M | -C$25.9M | -C$21.1M |
| Net income | -C$78.6M | -C$69.7M | -C$36.9M | -C$25.8M | -C$22.5M |
| Free cash flow | -C$101M | -C$70.5M | -C$31.3M | -C$23.3M | -C$19.0M |
| Capital expenditure | C$35.4M | C$20.5M | C$327,318 | C$477,122 | C$415,308 |
| Total debt | C$58.0M | C$8.92M | C$223,677 | C$157,832 | C$103,804 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Collective Mining CNL.TO | $1.17B | -22% | n/a | -60% | 10.64× | 54.5% |
| Aris Mining ARIS.TO | $3.24B | -15% | +94% | 21% | 1.81× | 23.3% |
| Solaris Resources SLS.TO | $1.19B | -28% | n/a | n/a | n/a | n/a |
| Anglogold Ashanti AU | $47.0B | -13% | +139% | 46% | 5.24× | 32.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CNL.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.1% | -17.6% | 2nd highest of 21 |
| 6-month return | -22.0% | -27.6% | 9th highest of 20 |
| Return on equity | -60.1% | 2.3% | 3rd lowest of 19 |
| Price / book | 10.64× | 2.81× | most expensive of 18 |
| ROE the price implies | 54.5% | 26.3% | 5th most demanding of 18 |
| ROE delivered | -60.1% | 0.8% | 3rd lowest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Collective Mining CNL.TO | Canada | $1.17B | -22% | n/a | -60% | 10.64× | 54.5% | -60.1% |
| Gravita India GRAVITA.NS | India | $1.17B | -17% | +24% | 16% | 4.11× | 67.0% | 16.2% |
| Jiangxi Jiangnan New Material Technology 603124.SS | China | $1.16B | -37% | +19% | 16% | 5.68× | 101.0% | 16.4% |
| Uranium Royalty UROY | United States | $1.16B | -24% | +1,570% | 15% | 1.20× | 14.2% | n/a |
| Eramet ERA.PA | France | $1.19B | -38% | 0% | -70% | 2.40× | 16.0% | -70.0% |
| Solaris Resources SLS.TO | Canada | $1.19B | -28% | n/a | n/a | n/a | n/a | n/a |
| Faraday Copper FDY.TO | Canada | $1.21B | -18% | n/a | -46% | 8.07× | 95.4% | -46.4% |
| Ivanhoe Electric IE | United States | $1.21B | -45% | -21% | -8% | 2.30× | 22.7% | -8.4% |
| Alphamin Resources AFM.V | Canada | $1.12B | -15% | +45% | 56% | 2.81× | 17.8% | 55.8% |
| Londian Wason New Energy Tech, Inc. Unsponsored ADR FOIL | United States | $1.11B | n/a | +25% | 0% | 1.38× | 26.3% | n/a |
| North Long Dragon New Materials Tech 301357.SZ | China | $1.23B | -20% | -9% | -2% | 7.42× | 91.3% | -2.3% |
| Evolution Metals & Technologies EMAT | United States | $1.23B | -79% | n/a | n/a | n/a | n/a | n/a |
| Xizang Zhihui Mining 2546.HK | Hong Kong | $1.08B | +8% | +104% | 11% | 4.37× | 37.8% | n/a |
| Nanjing Hanrui Cobalt 300618.SZ | China | $1.27B | -49% | +11% | -1% | 1.42× | 19.6% | -0.6% |
| Zimplats ZIM.AX | Australia | $1.06B | -15% | +50% | 14% | 0.50× | 6.3% | 14.0% |
| Jain Resource Recycling JAINREC.NS | India | $1.05B | -43% | +48% | 23% | 5.74× | 39.5% | 23.0% |
| Americas Gold and Silver USA.TO | Canada | $1.05B | -50% | +86% | -27% | 3.49× | 44.3% | -27.1% |
| TMC TMC | United States | $1.00B | -60% | n/a | -1,123% | n/a | n/a | -1,123.2% |
| Jinchuan Group International Resources 2362.HK | Hong Kong | $997M | +4% | +65% | 8% | 0.98× | 8.9% | 7.6% |
| AMG Critical Materials AMG.AS | Netherlands | $988M | -41% | +12% | 1% | 1.23× | 9.4% | 0.8% |
| Zhejiang Tony Electronic 603595.SS | China | $960M | +52% | +5% | 4% | 3.87× | 27.9% | 3.8% |