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1911 Gold ( (TSE:AUMB) ) has shared 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 and mining scenarios based on current resources and infrastructure, with results expected by Q1 2026 to guide redevelopment planning. The company is also progressing with underground rehabilitation and a 30,000-meter drilling program aimed at expanding resources and validating mining methods, which will support trial mining plans 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 is a junior gold developer with a highly prospective land package in Manitoba, Canada. The company owns the True North mine and mill complex, providing a fully permitted infrastructure hub for future development. It focuses on organic growth and acquisition opportunities across North America, aiming to build a new mining district centered on the True North complex.
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.