Collective Mining (CNL) Operating Expenses (2023 - 2026)
Collective Mining (CNL) posted quarterly Operating Expenses of -$13.1 million for Q1 2026, down 93.37% year-over-year from -$197.1 million in Q1 2025, and down 118.75% on a QoQ basis from $69.7 million in Q4 2025.
Collective Mining (CNL) Operating Expenses (2023 - 2026) Analysis & Trends
Collective Mining (CNL) has reported Operating Expenses for 4 consecutive years, with -$13.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses fell 93.37% year-over-year to -$13.1 million; the TTM figure through Mar 2026 stood at $35.7 million (up 61.4% YoY), while the FY2025 annual figure was $42.0 million, up 76.25% from the prior year.
- Operating Expenses came in at -$13.1 million for Q1 2026 at Collective Mining, down from $69.7 million in the prior quarter.
- The five-year high for Operating Expenses was $69.7 million in Q4 2025, with the low at -$13.1 million in Q1 2026.
- Average Operating Expenses over 4 years is $6.3 million, with a median of -$5.7 million recorded in 2023.
- Across the five-year window, Operating Expenses surged 69.02% in 2025 and tumbled 93.37% in 2026, its largest moves.
- Year by year, Operating Expenses stood at $32.3 million in 2023, then climbed by 27.53% to $41.2 million in 2024, then soared by 69.02% to $69.7 million in 2025, then plunged by 118.75% to -$13.1 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$13.1 million, $69.7 million, and -$11.2 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 155.00 Mn |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | -7.01 Mn |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 2.84 Bn |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | -19.25 Mn |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | 89.82 Mn |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | -1.16 Mn |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | 9.20 Mn |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 83.10 Mn |
| 10 | Collective Mining | 1.15 Bn | 1.04 Bn | - | -13.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -13.07 Mn |
| Dec 31, 2025 | 69.68 Mn |
| Sep 30, 2025 | -11.24 Mn |
| Jun 30, 2025 | -9.67 Mn |
| Mar 31, 2025 | -6.76 Mn |
| Dec 31, 2024 | 41.23 Mn |
| Sep 30, 2024 | -5.95 Mn |
| Jun 30, 2024 | -6.40 Mn |
| Mar 31, 2024 | -5.04 Mn |
| Dec 31, 2023 | 32.33 Mn |
| Sep 30, 2023 | -5.37 Mn |
| Jun 30, 2023 | -4.45 Mn |