Northwire Canada EditionFriday, July 10, 2026
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S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.05 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.32 +12.1% TUNG 1.73 +2.4% LGO 1.00 −3.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.50 +1.1% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0% S 0.165 +37.5% NNX 0.035 +0.0% ABX 52.05 −0.3% TTS 2.40 −4.0% FCI 0.400 −9.1% GR 0.075 +0.0% AII 23.32 +12.1% TUNG 1.73 +2.4% LGO 1.00 −3.4% EMM 0.080 +0.0% OGN 3.45 +2.1% MSA 6.50 +1.1% SGZ 0.040 −11.1% GRSL 0.307 −3.9% DEX 0.380 −1.3% WMS 0.040 +0.0%
Production / Operations Routine +

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 →

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Jul 02, 2026 · 21:01

1911 Gold Issues Clarification of February 2026 PEA Disclosure

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

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1911 Gold secured a $20m bought deal to fund the True North restart despite dilution and execution risks.

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

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