<SEC-DOCUMENT>0001104659-25-026197.txt : 20250320
<SEC-HEADER>0001104659-25-026197.hdr.sgml : 20250320
<ACCEPTANCE-DATETIME>20250320163922
ACCESSION NUMBER:		0001104659-25-026197
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250320
DATE AS OF CHANGE:		20250320

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Collective Mining Ltd.
		CENTRAL INDEX KEY:			0001953575
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-94735
		FILM NUMBER:		25757053

	BUSINESS ADDRESS:	
		STREET 1:		82 RICHMOND ST. E
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5C 1P1
		BUSINESS PHONE:		(416) 451-2727

	MAIL ADDRESS:	
		STREET 1:		82 RICHMOND ST. E
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5C 1P1

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AGNICO EAGLE MINES LTD
		CENTRAL INDEX KEY:			0000002809
		STANDARD INDUSTRIAL CLASSIFICATION:	GOLD & SILVER ORES [1040]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		145 KING STREET EAST
		STREET 2:		SUITE 400
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5C 2Y7
		BUSINESS PHONE:		4169471212

	MAIL ADDRESS:	
		STREET 1:		145 KING STREET EAST
		STREET 2:		SUITE 400
		CITY:			TORONTO
		STATE:			A6
		ZIP:			M5C 2Y7
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: AGNICO EAGLE MINES LTD -->
          <cik>0000002809</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Common Shares without par value</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>03/14/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001953575</issuerCik>
        <issuerName>Collective Mining Ltd.</issuerName>
        <issuerCusip>19425C100</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>82 Richmond Street East, 4th Floor</com:street1>
          <com:city>Toronto</com:city>
          <com:stateOrCountry>A6</com:stateOrCountry>
          <com:zipCode>M5C 1P1</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>AGNICO EAGLE MINES LIMITED</reportingPersonName>
      <citizenshipOrOrganization>A6</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>12718219.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>12718219.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>12718219.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>14.99</classPercent>
      <typeOfReportingPerson>CO</typeOfReportingPerson>
      <comments>Includes common shares issuable upon the exercise of warrants to purchase 2,250,000 common shares that are held by the Reporting Person. See Item 4(a) below.
(2) See Item 4(b) below.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Collective Mining Ltd.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>82 Richmond Street East, 4th Floor Toronto, A6, M5C 1P1</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Agnico Eagle Mines Limited</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>145 King Street East, Suite 400, Toronto, Ontario, Canada, M5C 2Y7</principalBusinessOfficeOrResidenceAddress>
        <citizenship>Canada</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>12,718,219 as of March 14, 2025.

On March 14, 2025, Agnico Eagle Mines Limited (the "Reporting Person") and Collective Mining Ltd. (the "Issuer") entered into a subscription agreement (the "Subscription Agreement"), pursuant to which the Reporting Person agreed to subscribe for 4,741,984 common shares of the Issuer. Immediately prior to entering into the Subscription Agreement, the Reporting Person beneficially owned 7,976,23, common shares of the Issuer, including 2,250,000 common shares issuable upon the exercise of common share purchase warrants that are held by the Reporting Person. The Reporting Person intends to exercise such warrants concurrently with the closing of the subscription on March 20, 2025. As a result of entering into of the Subscription Agreement, the Reporting Person beneficially owns an aggregate of 12,718,219 common shares of the Issuer.</amountBeneficiallyOwned>
        <classPercent>14.99% as of March 14, 2025.

The percentage of class of common shares is calculated based on 84,844,692 common shares deemed issued and outstanding as of March 14, 2025, being the sum of (i) 77,852,708 common shares issued and outstanding as of March 14, 2025, based on information published by TMX Group Limited on March 14, 2025 available at www.money.tmx.com/en/quote/CNL, (ii) 4,741,984 common shares of the Issuer to be issued to the Reporting Person pursuant to the Subscription Agreement (referred to in Item 4(a) above), and (iii) 2,250,000 common shares issuable upon the exercise of the warrants that are held by the Reporting Person (referred to in Item 4(a) above).</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>12,718,219</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>12,718,219</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>AGNICO EAGLE MINES LIMITED</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Chris Vollmershausen</signature>
        <title>Chris Vollmershausen/Executive Vice-President, Legal, General Counsel &amp; Corporate Secretary</title>
        <date>03/20/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
