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1911 Gold ( (TSE:AUMB) ) has shared an announcement.
1911 Gold Corporation has initiated a 2,200-meter diamond drill program at the Ogama-Rockland gold deposit to expand and confirm the resource base, leveraging its updated geological model. This project, a step in the company’s district-scale growth strategy, aims to boost high-grade gold resources and utilizes its proximity to the True North Gold Project, emphasizing potential mining operations and preparations for a mine restart in 2027.
The most recent analyst rating on (TSE:AUMB) stock is a Buy with a C$2.80 price target. To see the full list of analyst forecasts on 1911 Gold stock, see the TSE:AUMB Stock Forecast page.
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 mining company primarily focused on gold exploration and development. It operates in the prolific Rice Lake Greenstone Belt in Manitoba, Canada, with key assets including the True North Gold Project and Rice Lake Exploration Properties, aimed at revitalizing historical gold-producing regions.
Average Trading Volume: 2,346,524
Technical Sentiment Signal: Buy
Current Market Cap: C$294.1M
For detailed information about AUMB stock, go to TipRanks’ Stock Analysis page.