In this interview at the Commodities Global Expo 2024, Ari Sussman, Executive Chairman of Collective Mining Ltd. (NYSE: CNL, TSX: CNL), provides insights into both market dynamics and his company’s operations.
Sussman begins by addressing the disconnect between gold prices and Canadian junior mining stocks. He attributes this lag to structural issues in Canadian banking, offering a unique perspective on market dynamics affecting the sector.
He then details Collective Mining’s impressive exploration progress in Colombia, highlighting their completion of nearly 100,000 meters of drilling across their Apollo and Trap discoveries. The company aims to prove up a resource of over 10 million gold equivalent ounces, with potential production of 350,000-400,000 ounces per year.
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Looking ahead, he discusses plans to accelerate exploration in 2025 with increased drilling to 60,000 meters with seven rigs in 2025. With this aggressive exploration strategy, Collective Mining positions itself as an attractive acquisition target in the growing gold sector.
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