1911 Gold (AUMB) AI Stock Analysis

• Market Cap: $330.84M
• Dividend Yield: N/A
• Average Volume (3M): 3.02M
• Price to Earnings (P/E): ―
• Beta (1Y): 3.32
• Revenue Growth: N/A
• EPS Growth: -222.22%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.02
• Shares Outstanding: 306,335,540
• 10 Day Avg. Volume: 3,456,471
• 30 Day Avg. Volume: 3,021,652
• PEG Ratio: -0.23
• Price to Book (P/B): 0.64
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -3.70
• Enterprise Value/Market Cap: 0.89
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: -584.15
• Enterprise Value/Ebitda: -14.48
• 1Y Price Target: $2.90
• Price Target Upside: 176.35% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 48 Neutral
• Price Target: C$1.00 ▼(-4.76% Downside)

The score is held back primarily by weak financial performance (zero revenue, large losses, and persistent negative free cash flow). Technicals are a partial offset with a strong uptrend and positive MACD, but overbought signals raise near-term risk, and valuation remains unattractive due to ongoing losses and no dividend support.

Positive Factors

Low leverage

Very low leverage reduces bankruptcy and interest-cost risk, giving the firm durable financial flexibility to fund cyclical exploration spending. Over a 2–6 month horizon this strength lowers immediate refinancing pressure and preserves capacity to pursue development or JV options without forced asset sales.

Focused project portfolio

A concentrated focus on the Rice Lake gold district concentrates technical expertise, local permitting knowledge, and operational synergies across nearby targets. Structurally this can improve exploration efficiency, reduce capex per discovery, and increase the odds of scalable resource delineation over several months.

Stable asset base

Broadly stable assets and equity imply limited recent erosion of book value and reduced need for emergency balance-sheet fixes. That stability preserves optionality for management to advance projects or negotiate financings, sustaining the company’s operational runway in the medium term.

Negative Factors

No revenue / large losses

Zero trailing revenue and persistent net losses fundamentally impair the company’s ability to self-fund exploration or development. Over a multi-month horizon this structural lack of commercial cash generation increases reliance on external capital, heightening dilution and execution risk absent clear monetization plans.

Persistent cash burn

Consistent negative operating and free cash flow shows structural cash outflows that must be covered by financing or asset sales. That persistent burn constrains the company’s ability to meaningfully advance projects, raises short-to-medium-term financing needs, and increases the probability of dilutive funding rounds.

Falling revenue trend

A collapse from ~C$10.8M revenue in 2020 to zero in 2024 signals material operational contraction, asset disposals, or failed commercialization efforts. This structural decline undermines revenue visibility and raises execution and resource-conversion risks that will be hard to reverse without major project milestones or strategic change.

1911 Gold Business Overview & Revenue Model

Company Description

1911 Gold Corporation, together with its subsidiaries, engages in the acquisition, exploration, development, and extraction of precious metals. It primarily explores for gold. The company holds a land package totaling 58,672 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba. It also owns interests in the True North mine and mill complex located in Bissett, Manitoba; and Apex property consisting of 5 mining claims covering an area of approximately 752 hectares located near Snow Lake, Manitoba, as well as in Tully and Denton-Keefer projects located near Timmins, Ontario. The company was formerly known as Havilah Mining Corporation and changed its name to 1911 Gold Corporation in June 2019. 1911 Gold Corporation was incorporated in 2018 and is based in Vancouver, Canada.

How the Company Makes Money

1911 Gold makes money through the exploration and development of gold mining projects, which involves the extraction and sale of gold. The company's revenue model is primarily based on the production and sale of gold extracted from its mining operations. Key revenue streams include the sale of gold bullion and gold concentrates. The company's earnings are influenced by factors such as gold market prices, production efficiency, and operational costs. Additionally, 1911 Gold may engage in strategic partnerships and joint ventures to enhance its operational capabilities and expand its resource base, which can contribute to its revenue generation.

1911 Gold Financial Statement Overview

Summary

Financials are weak overall: TTM shows zero revenue, negative gross profit, and a large net loss, with consistently negative operating and free cash flow indicating ongoing cash burn. The main offset is a relatively strong balance sheet with very low debt, which reduces near-term financial risk but does not solve the underlying operating losses.

Income Statement

Results remain deeply loss-making with no meaningful profitability: TTM (Trailing-Twelve-Months) shows zero revenue, negative gross profit, and a large net loss. Annual revenue has also contracted sharply over time (from ~10.8M in 2020 to 0 in 2024), pointing to weak operating momentum. A positive is that losses have not been consistently worsening every year (e.g., 2023 net loss was smaller than 2022), but the latest TTM loss is materially larger again, highlighting volatility and execution risk.

Balance Sheet

The balance sheet is a relative strength: leverage is very low (TTM debt is minimal versus equity, and multiple years show no debt), which reduces financial risk and interest burden. However, shareholder returns are weak, with consistently negative returns on equity, reflecting ongoing losses and limited efficiency in converting equity capital into profits. Assets and equity have been broadly stable, but persistent losses remain the key risk to long-term book value.

Cash Flow

Cash generation is weak: operating cash flow and free cash flow are negative across all periods, including TTM (Trailing-Twelve-Months), indicating continued cash burn. While the free-cash-flow deficit has fluctuated and the TTM free cash flow trend shows an improvement versus the prior period, the company still requires funding support to sustain operations. A modest positive is that cash burn broadly tracks reported losses (free cash flow is roughly in line with net loss), suggesting limited earnings-quality distortions—but the level of burn remains high.

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

• Technical Analysis Sentiment: Neutral
• Last Price: 1.05
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AUMB, the sentiment is Neutral. The current price of 1.05 is below the 20-day moving average (MA) of 1.11, above the 50-day MA of 1.01, and above the 200-day MA of 0.59, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 46.70 is Neutral, neither overbought nor oversold. The STOCH value of 22.15 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:AUMB.

1911 Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ELO	59 Neutral	C$304.11M	-35.13	-10.89%	―	―	44.76%
WGO	56 Neutral	C$329.94M	-117.46	-2.02%	―	―	-40.00%
VGZ	55 Neutral	C$384.48M	-35.59	―	―	―	-166.59%
NEXG	53 Neutral	C$306.82M	-5.06	-27.21%	―	―	―
AUMB	48 Neutral	$330.84M	-15.09	-44.86%	―	―	-222.22%
AUXX	45 Neutral	C$582.86M	-46.32	-7.89%	―	―	-111.93%

1911 Gold Corporate Events

1911 Gold Advances True North Project as It Transitions to Advanced-Stage Developer

1911 Gold Corporation reported that 2025 marked its transformation into an advanced-stage gold developer with near-term production potential at its True North Gold Project in Manitoba, underpinned by successful underground re-entry, initial underground drilling, and a strengthened technical and management team. The company raised C$36.2 million across two financings, secured provincial grants to support drilling, achieved a 468% share price increase to a C$270 million market capitalization, and graduated to the OTCQX market in the U.S., while advancing an updated mineral resource estimate that will underpin an upcoming Preliminary Economic Assessment and a planned Pre-Feasibility Study and global resource update, positioning 1911 Gold for a potential mine restart and production restart target in 2027.

The most recent analyst rating on (TSE:AUMB) stock is a Hold with a C$1.00 price target. To see the full list of analyst forecasts on 1911 Gold stock, see the TSE:AUMB Stock Forecast page.

1911 Gold Commences Drill Program at Ogama-Rockland Gold Deposit

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

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 Graduates to OTCQX Best Market, Enhancing U.S. Investor Access

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 Graduates to OTCQX Best Market, Enhancing Investor Confidence

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 Secures C$23 Million in LIFE Offering and Private Placement

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 Launches C$20 Million Offering to Boost Exploration

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 Reports High-Grade Assay Results at True North Project

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 Secures Grant for True North Drilling Program

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 Faces Setback as TSX Venture Exchange Denies Offering

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.