Northwire Canada EditionSunday, November 1, 2026
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Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8% Gold 3,898.90 −3.3% Silver 49.28 −5.9% Copper 6.48 −1.8% Oil 104.12 +2.1% Palladium 987.70 −1.7% HCH 1.25 −3.9% CRD 0.040 −20.0% ENEV 0.005 +0.0% MOON 5.23 −7.9% ORE 2.56 −4.8% ASE 0.620 −14.5% LKY 0.005 + SOI 0.165 −5.7% ECR 0.190 −5.0% OZ 0.240 −9.4% ELEC 0.110 +4.8% WHY 0.260 −3.7% PHD 0.030 −33.3% OMI 0.220 −10.2% EML 0.105 +0.0% TECT 1.37 −2.8%
Financings Routine +

1911 Gold increases bought deal to $31-million

1911 Gold upsizes its bought deal to $31 million to fund the True North restart, though dilution and offtake constraints remain a concern.

By The Northwire Desk — AI Analysis Jun 17, 2026 · 18:38 AUMB · 0.66 1911 Gold Corporation
Executive Summary
  • 1911 Gold Corp. has amended its previously announced $20 million bought deal to increase gross proceeds to $31 million.
  • The offering consists of multiple tranches: regular units at $0.64, CDE flow-through units at $0.793, and three tranches of CEE flow-through units priced between $0.752 and $1.011.
  • Each unit includes one common share and one-half of a warrant exercisable at $1.00 per share for 24 months.
  • Net proceeds are earmarked for continuing exploration and development at the True North gold project, technical studies, and general working capital.
  • The transaction is led by Haywood Securities Inc. with a 15% over-allotment option and is scheduled to close on or about July 14, 2026, pending regulatory approvals.
Material Impact
  • The upsizing is a direct follow-up to the June 16, 2026 announcement and aligns with management's stated need for additional capital to fund the 2027 production restart.
  • The pricing structure shows a bifurcated market: the $0.64 regular tranche trades at a slight discount to the recent $0.66 close, while the $1.011 CEE tranche indicates strong institutional demand for tax-advantaged flow-through exposure.
  • The additional $11 million extends the company's cash runway, reducing near-term dilution risk but confirming the capital-intensive nature of the mine restart.
  • The transaction is expected, incremental, and does not alter the fundamental 2027 restart timeline or the PEA economics. It is classified as routine positive news.
AUMB · Price
Company Overview
  • 1911 Gold Corp. is an advanced-stage gold developer focused on restarting the 100%-owned True North Gold Project in Manitoba's Archean Rice Lake greenstone belt.
  • The project features fully permitted, existing infrastructure including shafts, underground workings, and a 1,300 t/d processing plant, with a replacement value exceeding US$400 million.
  • A March 2026 PEA outlines an 11-year mine life, steady-state production of ~58,114 oz Au/year, an after-tax NPV of C$391 million, and an IRR of 105% at US$3,000/oz gold.
  • The company is actively expanding resources through underground infill/delineation drilling at the L10 and Hinge zones, and surface drilling at the Ogama-Rockland satellite deposit.
  • Management targets test mining in H2 2026 and full commercial production in H1 2027.
Read the original news release →

More from 1911 Gold Corporation

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 Aug 20, 2026 · 06:02

1911 reports 93.7% gold recovery at True North and 96.3% at Ogama-Rockland as mill commissioning advances.

Technical Study