Collective Mining (CNL) Research & Development (2023 - 2026)
Collective Mining (CNL) posted quarterly Research & Development of -$9.1 million for Q1 2026, down 86.83% year-over-year from -$68.9 million in Q1 2025, and down 116.94% on a QoQ basis from $53.6 million in Q4 2025.
Collective Mining (CNL) Research & Development (2023 - 2026) Analysis & Trends
Collective Mining (CNL) has reported Research & Development for 4 consecutive years, with -$9.1 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 86.83% year-over-year to -$9.1 million; the TTM figure through Mar 2026 stood at $28.3 million (up 65.87% YoY), while the FY2025 annual figure was $32.5 million, up 79.85% from the prior year.
- Research & Development came in at -$9.1 million for Q1 2026 at Collective Mining, down from $53.6 million in the prior quarter.
- The five-year high for Research & Development was $53.6 million in Q4 2025, with the low at -$9.1 million in Q1 2026.
- Average Research & Development over 4 years is $4.8 million, with a median of -$4.3 million recorded in 2023.
- The largest YoY upside for Research & Development was 69.63% in 2025 against a maximum downside of 95.42% in 2025.
- Year by year, Research & Development stood at $23.7 million in 2023, then soared by 33.25% to $31.6 million in 2024, then jumped by 69.63% to $53.6 million in 2025, then plunged by 116.94% to -$9.1 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered -$9.1 million, $53.6 million, and -$8.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Barrick Mining | 978.09 Bn | 980.39 Bn | 3.12 Bn | 116.00 Mn |
| 2 | Trx Gold | 189.48 Bn | 189.48 Bn | 21.05 Mn | - |
| 3 | Newmont | 101.22 Bn | 92.61 Bn | 7.29 Bn | 45.00 Mn |
| 4 | OR Royalties | 53.18 Bn | 53.08 Bn | 88.84 Mn | -2.55 Mn |
| 5 | Wheaton Precious Metals | 50.59 Bn | 48.43 Bn | 699.37 Mn | - |
| 6 | Aura Minerals | 50.25 Bn | 50.25 Bn | 19.58 Mn | -177,000.00 |
| 7 | Franco Nevada | 40.21 Bn | 39.50 Bn | 526.30 Mn | - |
| 8 | Gold Fields | 30.19 Bn | 28.41 Bn | - | - |
| 9 | Kinross Gold | 28.01 Bn | 25.95 Bn | 1.44 Bn | 38.20 Mn |
| 10 | Collective Mining | 1.15 Bn | 1.04 Bn | - | -9.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -9.08 Mn |
| Dec 31, 2025 | 53.58 Mn |
| Sep 30, 2025 | -8.79 Mn |
| Jun 30, 2025 | -7.43 Mn |
| Mar 31, 2025 | -4.86 Mn |
| Dec 31, 2024 | 31.58 Mn |
| Sep 30, 2024 | -4.50 Mn |
| Jun 30, 2024 | -5.18 Mn |
| Mar 31, 2024 | -3.84 Mn |
| Dec 31, 2023 | 23.70 Mn |
| Sep 30, 2023 | -4.10 Mn |
| Jun 30, 2023 | -3.44 Mn |