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1911 Gold ( (TSE:AUMB) ) just unveiled an announcement.
1911 Gold Corporation has commenced its first underground drill program at the True North Gold Project in Manitoba, marking a significant step in its strategy to restart underground mining operations. The program aims to expand the current resource, test new exploration targets, and prepare for trial test mining, with a focus on enhancing the scale of operations and advancing towards growth.
Spark’s Take on TSE:AUMB Stock
According to Spark, TipRanks’ AI Analyst, TSE:AUMB is a Neutral.
1911 Gold’s overall stock score reflects significant financial difficulties, with declining revenues and negative cash flows posing major challenges. The technical analysis suggests potential for positive momentum, while recent corporate events provide hopeful prospects for future growth. However, valuation remains unattractive due to persistent profitability issues.
To see Spark’s full report on TSE:AUMB stock, click here.
More about 1911 Gold
1911 Gold Corporation is a company in the mining industry, primarily focused on gold exploration and production. The company operates the True North Gold Project in Manitoba, which is fully permitted and operational, and aims to expand its resource base and restart underground mining operations.
Average Trading Volume: 1,558,336
Technical Sentiment Signal: Buy
Current Market Cap: C$195.8M
See more data about AUMB stock on TipRanks’ Stock Analysis page.