• Collective Mining published its MD&A for Q1 2026, reporting net loss of $12.4 million, or $0.13 per share.
• Cash and cash equivalents ended quarter at $113.3 million, down from $129.6 million at end-2025; operating cash outflow was $10.6 million.
• Exploration expense totaled $9.1 million, including $8.1 million at Guayabales and $1 million at San Antonio; drilling focused on near-surface mineralization, Apollo shallow extensions, and Ramp Zone, with San Antonio results highlighting a silver-dominant vein system starting at surface.
• Land and access consolidation accelerated through structured purchase agreements totaling $46.1 million, with initial payments made during quarter; additional installments extend through 2030, with 6% effective annual interest accruing on one $33.6 million agreement balance following public deed execution.
• Non-current liabilities rose to $28.3 million from $4.3 million at end-2025, driven by recognition of long-term obligations tied to land acquisitions and a mining concession application related to Trap at Guayabales.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Collective Mining Ltd. published the original content used to generate this news brief on May 14, 2026, and is solely responsible for the information contained therein.