Northwire Canada EditionSaturday, November 7, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Production / Operations Routine +

1911 Gold Advances True North Toward 2027 Production with Start of Underground Development and Test Mining Preparation

1911 Gold Commences Underground Development at True North, De-risking 2027 Restart Plan

By The Northwire Desk — AI Analysis May 19, 2026 · 07:02 AUMB · 0.86 1911 Gold Corporation
Executive Summary
  • 1911 Gold has commenced underground drift development on Level 16 of the True North Mine in Manitoba.
  • Development targets include L10 and Hinge zones to prepare stopes for extraction and bulk sample programs.
  • An underground development contract was awarded with mobilization expected in June 2026.
  • Equipment arrivals are scheduled: three 2-yard scoops in June 2026, a single-boom jumbo in July 2026.
  • Preliminary mine plan estimates 3,551 total meters of new development (2,056 m for Hinge, 1,495 m for L10).
  • Infrastructure scope includes ramp development, sill drives, and essential infrastructure upgrades.
  • Level 26 access was re-established in April 2026 to support ore movement and loading pocket operations.
  • Test mining activities are planned for later this year (H2 2026) with commercial production targeted for 2027.
Material Impact
  • The news confirms execution of the timeline established in the February 2026 PEA, which projected test mining in H2 2026 and production in 2027.
  • Progress is on schedule; therefore, the information is not unexpected by the market following the PEA release.
  • The commencement of underground development de-risks the project technically but does not alter the fundamental economic thesis established previously.
  • No new strategic investors or major resource upgrades are announced in this specific release compared to historical drill results.
  • Given the prior "Material - Positive" ratings for the PEA and Credit Facility, this operational update is incremental progress rather than a paradigm shift.
  • The market has likely priced in the 2027 restart potential since February; thus, the immediate price impact is expected to be muted relative to previous catalysts.
AUMB · Price
Company Overview
  • Company: 1911 Gold Corporation (TSX-V: AUMB).
  • Flagship Project: True North Gold Project in the Rice Lake Greenstone Belt, Manitoba, Canada.
  • Project Status: Advanced Development stage; Preliminary Economic Assessment (PEA) completed March 2026.
  • Mine Type: Underground long-hole open stope mining utilizing existing infrastructure.
  • Production Guidance: Targeting steady-state production of ~58,114 oz Au/year over an 11-year mine life starting in 2027.
  • Infrastructure: Existing shafts (A Shaft, Hinge), processing plant (1,300 t/d), and tailings management facility are fully permitted with a replacement value >$400 million.
Read the original news release →

More from 1911 Gold Corporation

Nov 02, 2026 · 07:02

1911 Gold Reports 14.86 g/t Gold over 7.20 Metres from Infill Drilling at True North

Drill Results Oct 06, 2026 · 07:02

1911’s 710-711/007 step-outs confirm mineralised extensions but report lower grades than the September anchor intercepts.

Drill Results Sep 24, 2026 · 16:32

1911’s Ogama-Rockland MRE adds 712,000 oz inferred, supporting the district restart timeline.

Resource Estimate Sep 16, 2026 · 07:02

1911 advances key restart milestones at True North, though a final production decision remains pending for the project.

Production / Operations Sep 10, 2026 · 07:02

1911 confirmed high-grade L10-710 link, with pre-production financing dependent on further development.

Drill Results Aug 25, 2026 · 07:02

1911’s SAM W gap-fill confirms continuity with modest gram-metres, falling short of prior anchor results.

Drill Results