1911 Gold Initiates Drilling at Ogama-Rockland Gold Deposit to Advance Resource Growth

1911 Gold ( (TSE:AUMB) ) just unveiled an announcement.

1911 Gold Corporation announced the start of a 2,200-meter diamond drill program at the Ogama-Rockland gold deposit, aiming to confirm and expand the resource base while testing mineralization extensions. As one of the most advanced deposits in the company’s portfolio, this drilling effort aligns with their broader growth strategy for supporting future mining operations and potential restart plans for 2027, further solidifying their position within the Rice Lake Greenstone Belt.

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 and exploration company focused on gold development and production. The company is primarily focused on its Rice Lake Exploration Properties in Manitoba, known for historical high-grade gold production, with a particular emphasis on the True North Gold Project and satellite deposits like Ogama-Rockland.

Average Trading Volume: 2,346,524

Technical Sentiment Signal: Buy

Current Market Cap: C$294.1M

For a thorough assessment of AUMB stock, go to TipRanks’ Stock Analysis page.