Collective Mining Assays Sharpen Apollo High Grade Story At Guayabales

Simply Wall St

Sun, February 15, 2026 at 2:10 PM GMT+9 3 min read

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Collective Mining reported new assay results from five diamond drill holes at the Apollo system at its Guayabales Project in Colombia.

The results highlight expansion and further definition of a high grade gold tungsten zone within the Apollo system.

The update forms part of ongoing drilling at the flagship project, including plans to test additional high priority zones.

For investors tracking TSX:CNL, the latest drilling update adds fresh information to an already closely watched story. The shares last closed at CA$22.79, with the stock up 2.5% over the past week, 8.7% over the past month, 18.8% year to date, and 171.3% over the past year. Over three years, the return is roughly 7x, which helps explain the attention on Guayabales as a key asset for the company.

These new Apollo assays, together with plans for more drilling and targeting of additional zones, provide more concrete data to assess how the project is shaping up. As the story develops, the focus will likely be on how consistently Collective Mining can outline high grade mineralization and what that could mean for future project studies and potential investor interest in TSX:CNL.

Stay updated on the most important news stories for Collective Mining by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Collective Mining.

TSX:CNL Earnings & Revenue Growth as at Feb 2026

📰 Beyond the headline: 3 risks and 1 thing going right for Collective Mining that every investor should see.

For Collective Mining, these Apollo assays are essentially product development data for its core asset. The company has already drilled 110,000 metres at Apollo within 167,500 metres across Guayabales and San Antonio. Each new batch of results helps refine the geological model and, in turn, the potential scale and quality of any future mine plan. The tightening of drill spacing to 30 meter centers from surface to 150 metres depth suggests management is working toward greater confidence in the near surface high grade zone, which can matter for potential early production scenarios.

The Risks and Rewards Investors Should Consider

⚠️ Collective Mining makes less than US$1m in revenue, so the business is still heavily dependent on exploration success rather than operating cash flow.

⚠️ The company is currently unprofitable and not forecast to become profitable over the next 3 years, which increases reliance on external funding if drilling continues at the current pace.

🎁 Ongoing drilling at Apollo and across the Guayabales Project increases the amount of data available to support future economic evaluations, which may help clarify the project’s potential revenue profile.

🎁 The identification and definition of a high grade gold tungsten zone at surface could be commercially important if it supports higher grade early production scenarios relative to lower grade deposits.

 






Story Continues  

What To Watch Going Forward

From here, you may want to track follow up drilling on hole APC-159 in the northeast direction, the results from the many pending assays, and how quickly Collective Mining moves toward formal studies that outline potential production, costs, and project economics at Guayabales.

To ensure you’re always in the loop on how the latest news impacts the investment narrative for Collective Mining, head to the community page for Collective Mining to never miss an update on the top community narratives.

_ This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned._

Companies discussed in this article include CNL.TO.

Have feedback on this article? Concerned about the content? Get in touch with us directly._ Alternatively, email editorial-team@simplywallst.com_

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