Northwire Canada EditionSunday, November 8, 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

1911 Gold Re-establishes Access to Level 26 at the True North Mine

1911 Gold Infrastructure Access Confirms PEA Timeline but Execution Risks Remain

By The Northwire Desk — AI Analysis Apr 16, 2026 · 07:02 AUMB · 0.97 1911 Gold Corporation
Executive Summary
  • 1911 Gold has successfully re-established access to Level 26 at the True North Mine via a dewatering program reaching ~4 metres below the level.
  • Dewatering to the shaft bottom is expected to complete before end of May 2026, enabling diamond drilling in high-grade zones (710-711) and development for 2027 production.
  • Mill refurbishment is ongoing with operations scheduled for mid-2026; a new crushing circuit is slated for later in 2026.
  • Crews are repairing compressed air, ventilation, and electrical systems on Level 26 to support ore movement infrastructure.
  • A new camp facility has been installed increasing capacity by 36 people, with an additional facility expected in Q3 2026.
Material Impact
  • The news confirms operational progress consistent with the February 2026 PEA and March 2026 financing announcements; it is not a surprise discovery or unexpected funding event.
  • Re-establishing Level 26 access is a prerequisite for the test mining program scheduled later in 2026, de-risking the logistical path to production but not altering the economic model.
  • The mill refurbishment timeline aligns with previous guidance (mid-2026 operational), suggesting management is adhering to the restart schedule without significant delays or cost overruns reported here.
  • While positive for execution confidence, the information does not materially change the valuation drivers established by the PEA (NPV $391M at US$3,000/oz) or the financing structure secured in March 2026.
AUMB · Price
Company Overview
  • Company: 1911 Gold Corporation (TSX-V: AUMB).
  • Flagship Project: True North Gold Project, Manitoba, Canada (Rice Lake Greenstone Belt).
  • Project Status: Development stage targeting underground mine restart in 2027.
  • Infrastructure: Existing permitted shafts, underground workings, and processing plant with replacement value >US$400 million.
  • Production Profile: PEA targets steady-state production of 58,114 oz Au/year over an 11-year mine life.
  • Resource Base: Indicated resources 3.52 Mt @ 4.41 g/t Au; Inferred resources 5.49 Mt @ 3.65 g/t Au (as of Jan 2025).
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