Collective Mining (CNL) Operating Expenses (2023 - 2026)

Collective Mining (CNL) recorded quarterly Operating Expenses of -$13.1 million in Q1 2026, down 118.75% quarter-over-quarter from $69.7 million in Q4 2025, and down 93.37% on a YoY basis from -$197.1 million in Q1 2025.

Collective Mining (CNL) Operating Expenses (2023 - 2026) Analysis & Trends

Collective Mining's Operating Expenses history runs 4 years deep, the most recent figure standing at -$13.1 million for 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 $35.8 million (up 60.31% YoY), while the FY2025 annual figure was $42.0 million, up 76.25% from the prior year.
  • Operating Expenses was -$13.1 million for Q1 2026 at Collective Mining, down from $69.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $69.7 million in Q4 2025 to a low of -$13.1 million in Q1 2026.
  • Historically, Operating Expenses has averaged $6.3 million across 4 years, with a median of -$5.5 million in 2023.
  • Biggest YoY gain for Operating Expenses was 69.02% in 2025; the steepest drop was 94.07% in 2025.
  • A 4-year view of Operating Expenses shows it stood at $32.3 million in 2023, then rose by 27.53% to $41.2 million in 2024, then soared by 69.02% to $69.7 million in 2025, then tumbled by 118.75% to -$13.1 million in 2026.
  • The last three Operating Expenses figures came in at -$13.1 million (Q1 2026), $69.7 million (Q4 2025), and -$11.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Seabridge Gold 2,186.27 Bn 2,186.17 Bn - -4.48 Mn
2 Barrick Mining 996.87 Bn 999.60 Bn 3.12 Bn 155.00 Mn
3 Wheaton Precious Metals 410.57 Bn 409.42 Bn 699.37 Mn 76.85 Mn
4 Alamos Gold 136.28 Bn 135.62 Bn 442.20 Mn 19.40 Mn
5 Gold Fields 128.61 Bn 126.83 Bn - -
6 Kinross Gold 103.07 Bn 100.89 Bn 1.44 Bn 83.10 Mn
7 Newmont 100.59 Bn 91.98 Bn 7.29 Bn 2.84 Bn
8 Equinox Gold 47.64 Bn 47.14 Bn - 300,000.00
9 AngloGold Ashanti 44.52 Bn 41.55 Bn 1.94 Bn 999.00 Mn
10 Collective Mining 1.22 Bn 1.09 Bn - -13.07 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -13.07 Mn
Dec 31, 2025 69.68 Mn
Sep 30, 2025 -11.24 Mn
Jun 30, 2025 -9.53 Mn
Mar 31, 2025 -6.76 Mn
Dec 31, 2024 41.23 Mn
Sep 30, 2024 -5.79 Mn
Jun 30, 2024 -6.32 Mn
Mar 31, 2024 -5.04 Mn
Dec 31, 2023 32.33 Mn
Sep 30, 2023 -5.29 Mn
Jun 30, 2023 -4.33 Mn