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
DateValue
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