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1911 Gold ( (TSE:AUMB) ) just unveiled an update.
1911 Gold Corporation has initiated a Preliminary Economic Assessment (PEA) for its True North Gold Project in Manitoba, engaging AMC Consultants to evaluate the potential restart of underground mining operations. The PEA will assess development scenarios and is expected to be delivered by the first quarter of 2026, laying the groundwork for redevelopment planning. The company is also progressing with underground rehabilitation and drilling programs, aiming to expand resources and validate mining methods, which are crucial for future trial mining campaigns and stakeholder engagement.
Spark’s Take on TSE:AUMB Stock
According to Spark, TipRanks’ AI Analyst, TSE:AUMB is a Neutral.
1911 Gold’s overall stock score reflects significant financial difficulties, with declining revenues and negative cash flows posing major challenges. The technical analysis suggests potential for positive momentum, while recent corporate events provide hopeful prospects for future growth. However, valuation remains unattractive due to persistent profitability issues.
To see Spark’s full report on TSE:AUMB stock, click here.
More about 1911 Gold
1911 Gold Corporation is a junior gold developer with a significant land package in the Archean Rice Lake greenstone belt in Manitoba. The company owns the True North mine and mill complex, providing a fully permitted infrastructure hub for future development. 1911 Gold is focused on advancing organic growth and pursuing acquisition opportunities across North America.
Average Trading Volume: 1,617,802
Technical Sentiment Signal: Buy
Current Market Cap: C$73.28M
For detailed information about AUMB stock, go to TipRanks’ Stock Analysis page.