Mining Stock Daily Collective Mining Seeing Encouraging Core from Apollo's Ramp Zone
Oct 21, 2025
Ari Sussman, the Executive of Collective Mining, shares insights on the promising Guayabalas project in Colombia. They recently closed a C$140 million financing round, setting them up for aggressive exploration. Sussman discusses drilling results at the Apollo and Ramp zones, noting visible gold and a high gold-to-copper ratio discovered at San Antonio. The conversation also touches on Colombia's political climate and its potential impact on resource investment, suggesting a brighter outlook for the industry in the region.
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Founding Goals Achieved
- Ari recounts the company's founding goals: make a discovery and stay under 100M shares to reach construction funding.
- He says those goals were achieved with the recent financing that funds work to permitting.
Fund Through Permitting
- Fully fund exploration to critical permitting milestones to avoid dilution and maintain control.
- Collective Mining raised C$140M to fund work until permit application in 2027, minimizing share count growth.
Prioritize Shallow Indicated Resources
- Target the top 1,000 meters for conversion to indicated to speed reserve conversion.
- Apollo aims for an 8–12k tpd mill sized on drilling results to define mine scale.