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| Date | Value |
|---|---|
| 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 |