Top Page
1911 Gold
(AUMB)
1911 Gold (AUMB) vs. iShares MSCI Canada ETF (EWC)
1911 Gold Business Overview & Revenue Model
1911 Gold Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 731.00K | 5.88M | 9.67M | 10.77M |
| Gross Profit | -502.00K | -3.96M | 325.00K | -3.40M | -4.69M | -509.00K |
| EBITDA | -20.25M | -9.05M | -1.42M | -10.37M | -9.60M | -4.34M |
| Net Income | -14.82M | -4.80M | -2.01M | -11.39M | -8.76M | -6.10M |
Balance Sheet | ||||||
| Total Assets | 44.69M | 39.60M | 35.56M | 34.16M | 45.60M | 47.62M |
| Cash, Cash Equivalents and Short-Term Investments | 11.24M | 7.43M | 3.17M | 665.00K | 10.17M | 10.03M |
| Total Debt | 170.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 9.87M | 5.53M | 5.04M | 5.98M | 6.32M | 5.97M |
| Stockholders Equity | 34.82M | 34.07M | 30.52M | 28.19M | 39.28M | 41.65M |
Cash Flow | ||||||
| Free Cash Flow | -13.96M | -5.88M | -2.56M | -9.32M | -7.65M | -4.47M |
| Operating Cash Flow | -13.11M | -5.76M | -2.56M | -9.29M | -7.29M | -4.35M |
| Investing Cash Flow | -845.00K | 336.00K | 1.16M | -37.00K | -473.00K | -121.00K |
| Financing Cash Flow | 23.21M | 9.74M | 3.87M | 0.00 | 7.69M | 4.87M |
1911 Gold Technical Analysis
1911 Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | C$338.62M | -40.38 | -10.89% | ― | ― | 44.76% | |
57 Neutral | C$279.01M | -109.52 | -2.02% | ― | ― | -40.00% | |
51 Neutral | C$355.63M | -34.88 | ― | ― | ― | -166.59% | |
51 Neutral | C$301.71M | -5.23 | -27.21% | ― | ― | ― | |
47 Neutral | $306.34M | -14.94 | -44.86% | ― | ― | -222.22% | |
45 Neutral | C$409.98M | -38.96 | -7.89% | ― | ― | -111.93% |
1911 Gold Corporate Events
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.
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.
1911 Gold Corporation has announced that its common shares have graduated to trading on the OTCQX Best Market in the United States, enhancing visibility and confidence among U.S. institutional and retail investors. This move is expected to provide investors with the opportunity to engage in the company’s growth as it advances its True North Gold Project towards a mine restart in 2027. Trading on the OTCQX, alongside the TSX Venture Exchange and the Frankfurt Exchange, positions 1911 Gold for increased global exposure and aligns with its strategy to build a district-scale gold mining operation with a focus on responsible and sustainable practices.
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.
1911 Gold Corporation has announced that its common shares have graduated to trading on the OTCQX Best Market in the United States, providing increased visibility and confidence to U.S. investors. This move is part of the company’s strategy to advance its True North Gold Project towards a mine restart in 2027, positioning it for growth and offering a unique opportunity for investors. Trading on the OTCQX, along with the TSX Venture Exchange and the Frankfurt Exchange, enhances the company’s global exposure, potentially impacting its operations and stakeholder interests positively.
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.
1911 Gold Corporation has successfully closed its ‘best efforts’ LIFE offering and private placement, raising gross proceeds of C$23 million. This financing, led by Haywood Securities Inc. and Velocity Trade Capital Ltd., will support the company’s exploration and development activities in Canada, particularly in Manitoba, where expenditures will qualify for tax credits. The funds will be used to incur qualifying expenditures, enhancing the company’s operational capabilities and potentially strengthening its market position in the gold mining sector.
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.
1911 Gold Corporation has announced a C$20 million ‘best efforts’ life offering and private placement agreement with Haywood Securities Inc. The offering includes the sale of various units, such as Canadian development expenses flow-through units and Canadian exploration expenses flow-through units, to raise funds for the company. This strategic move is expected to enhance 1911 Gold’s financial position, supporting its exploration and development activities, and potentially strengthening its market presence in the mining sector.
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.
1911 Gold Corporation announced significant assay results from its surface drill program at the True North Gold Project, highlighting high-grade gold mineralization at the San Antonio West target. These results underscore the potential for resource expansion and the company’s strategic shift to underground exploration, aiming for a sustainable restart of operations.
1911 Gold Corporation has received a $300,000 grant from the Manitoba Mineral Development Fund to support its underground drilling program at the True North Gold Project. This funding will aid in the delineation drill program, crucial for the company’s plans to restart mining operations by 2027. The grant reflects a shared commitment to responsible resource development and economic growth in Manitoba, benefiting local communities and stakeholders.
1911 Gold Corporation announced that the TSX Venture Exchange has upheld its decision to deny approval of the company’s proposed LIFE offering and private placement, meaning the offering will not proceed. Despite this setback, the company remains financially stable due to a successful $13.2 million financing completed earlier in the year and ongoing warrant exercises. The denial does not affect the company’s current development plans, including advancing exploration at the True North mine, where additional drill rigs are being mobilized to support ongoing efforts.
1911 Gold Corporation has appointed Éric Vinet as Chief Operating Officer and made several key site-level appointments to strengthen its operations team. These strategic moves aim to advance the True North Gold Project towards a planned restart in 2027, enhancing the company’s operational leadership and positioning it for a successful return to production. Vinet’s extensive experience in mine development and operational optimization is expected to be instrumental in the company’s efforts to complete the Preliminary Economic Assessment and prepare for a trial mining program.
1911 Gold Corporation has announced the appointment of Éric Vinet as Chief Operating Officer, along with other key site-level personnel, to strengthen its operational leadership. These appointments are part of the company’s strategy to advance the True North Gold Project towards a planned restart of operations in 2027, with Vinet’s extensive experience expected to play a crucial role in optimizing operations and risk management.
1911 Gold Corporation announced that the TSX Venture Exchange has denied regulatory approval for its C$17.0 million offering, which may not close as planned. The company is appealing the decision, arguing that recent assay results did not materially affect share prices. Despite this setback, 1911 Gold remains well-capitalized from a previous financing round and is committed to pursuing its business objectives, including exploration and development at the True North project.
1911 Gold Corporation has announced promising assay results from its surface drill program at the True North Gold Project, revealing significant gold mineralization at the San Antonio Southeast target and a new discovery at the Shore target. These findings suggest potential for operational efficiencies and expansion of future mining operations, with ongoing exploration efforts aimed at further delineating these promising zones.