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1911 Gold
(AUMB)
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Rating:40Underperform
Price Target:
C$0.54
▼(-38.41% Downside)
Action:Downgraded
Date:10/23/26
The score is driven primarily by very weak financial performance (zero revenue, large losses, and heavy cash burn) alongside rising leverage, which increases financing risk. Technical indicators also remain bearish with price below key moving averages and negative MACD; oversold readings provide only limited support. Valuation is not supportive given negative earnings (negative P/E) and no dividend yield.
Positive Factors
Positive equity base
A positive equity base and growing asset position provide a foundation for advancing the company’s mineral properties and pursuing strategic options. Although losses and leverage weaken this support, the existing asset base may still help preserve flexibility in project-level financing or transactions.
Negative Factors
No current revenue scale
Zero trailing revenue indicates the company currently lacks operating scale or recurring sales from its mineral assets. This leaves value dependent on exploration progress, asset transactions, or future production, making near-term earnings generation uncertain and increasing reliance on external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Positive equity base
A positive equity base and growing asset position provide a foundation for advancing the company’s mineral properties and pursuing strategic options. Although losses and leverage weaken this support, the existing asset base may still help preserve flexibility in project-level financing or transactions.
Read all positive factors
1911 Gold (AUMB) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$204.01M
Dividend YieldN/A
Average Volume (3M)507.70K
Price to Earnings (P/E)―
Beta (1Y)3.08
Revenue GrowthN/A
EPS Growth-117.38%
CountryCA
Employees16
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.12
Shares Outstanding357,918,430
10 Day Avg. Volume530,507
30 Day Avg. Volume507,698
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)4.43
Price to Sales (P/S)0.00
P/FCF Ratio-9.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.26
Revenue Forecast (FY)N/A
1911 Gold Business Overview & Revenue Model
Company Description
Focused primarily on gold, 1911 Gold Corporation and its associated companies are involved in the identification, evaluation, advancement, and eventual recovery of precious metal deposits. The firm controls an extensive land position comprising 58...
How the Company Makes Money
1911 Gold’s revenue model is tied to the economics of mineral exploration and project advancement rather than ongoing product sales. Specifically: (1) It may generate cash flow through the sale of mineral properties, project interests, or company ...
1911 Gold Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
38
Negative
Cash Flow
15
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 731.00K | 5.88M | 9.67M |
| Gross Profit | -840.00K | -579.00K | -3.96M | 325.00K | -3.40M | -4.69M |
| EBITDA | -41.87M | -31.15M | -9.05M | -1.42M | -10.37M | -9.60M |
| Net Income | -35.92M | -25.32M | -4.80M | -2.01M | -11.39M | -8.76M |
Balance Sheet | ||||||
| Total Assets | 71.39M | 60.38M | 39.60M | 35.56M | 34.16M | 45.60M |
| Cash, Cash Equivalents and Short-Term Investments | 4.17M | 23.63M | 7.43M | 3.17M | 665.00K | 10.17M |
| Total Debt | 17.80M | 937.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 35.65M | 14.70M | 5.53M | 5.04M | 5.98M | 6.32M |
| Stockholders Equity | 35.74M | 45.68M | 34.07M | 30.52M | 28.19M | 39.28M |
Cash Flow | ||||||
| Free Cash Flow | -55.85M | -21.98M | -5.88M | -2.56M | -9.32M | -7.65M |
| Operating Cash Flow | -29.88M | -19.64M | -5.76M | -2.56M | -9.29M | -7.29M |
| Investing Cash Flow | -25.15M | -2.33M | 336.00K | 1.16M | -37.00K | -473.00K |
| Financing Cash Flow | 57.88M | 38.14M | 9.74M | 3.87M | 0.00 | 7.69M |
1911 Gold Technical Analysis
Negative
0.88
Price Trends
0.76
Negative
0.70
Negative
0.85
Negative
Market Momentum
-0.05
Positive
37.51
Neutral
21.43
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:AUMB, the sentiment is Negative. The current price of 0.88 is above the 20-day moving average (MA) of 0.65, above the 50-day MA of 0.76, and above the 200-day MA of 0.85, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 37.51 is Neutral, neither overbought nor oversold. The STOCH value of 21.43 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:AUMB.
1911 Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | C$525.91M | -40.63 | -25.50% | ― | ― | 7.50% | |
49 Neutral | C$316.99M | -5.29 | -23.30% | ― | ― | 27.54% | |
46 Neutral | C$157.96M | -16.82 | -10.33% | ― | ― | -14.08% | |
45 Neutral | C$349.55M | -58.71 | -4.25% | ― | ― | -101.53% | |
44 Neutral | C$565.62M | -9.57 | -38.19% | ― | ― | -302.12% | |
40 Underperform | C$204.01M | -4.70 | -91.31% | ― | ― | -117.38% |
* Basic Materials Sector Average
TSE:AUMB
1911 Gold
0.57
-0.45
-44.12%
TSE:VGZ
Vista Gold
3.60
1.28
55.17%
TSE:ELO
Eloro Resources
1.32
-0.01
-0.75%
TSE:NEXG
Treasury Metals
1.23
-0.18
-12.77%
TSE:AUXX
Gold X2 Mining
5.59
2.41
75.84%
TSE:WGO
White Gold
1.55
0.61
64.89%
1911 Gold Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
1911 Gold Files NI 43-101 Report, Highlights Growth Potential at Ogama-Rockland
Positive
Sep 24, 2026
1911 Gold Corporation has filed a National Instrument 43-101 technical report for its 100%-owned Ogama-Rockland Gold Project in southeastern Manitoba, following an updated underground mineral resource estimate released in August 2026. The high-pri...
Business Operations and Strategy
1911 Gold Advances True North Restart With Key Underground and Mill Upgrades
Positive
Sep 16, 2026
1911 Gold reported substantial progress advancing its True North operation toward a potential restart, including completion of key dewatering, rehabilitation and infrastructure upgrades underground and on surface. A new mining contractor has been ...
Business Operations and Strategy
1911 Gold Extends High-Grade Mineralization at True North’s SAM W Target
Positive
Aug 25, 2026
1911 Gold reported new high-grade assay results from surface drilling at the San Antonio West target within its True North Gold Project in Manitoba, confirming the continuity of gold mineralization in previously under-tested areas. Key intercepts ...
Business Operations and Strategy
1911 Gold Posts Strong Recovery Results and Advances True North Mill Commissioning
Positive
Aug 20, 2026
1911 Gold reported strong metallurgical results from test work on samples from the True North and Ogama-Rockland gold projects, with overall gold recoveries of 93.7% and 96.3% respectively using a gravity-flotation-regrind-leach flowsheet. The com...
Business Operations and Strategy
1911 Gold Lifts Ogama-Rockland Resource, Plans Drilling to Expand High-Grade Deposit
Positive
Aug 11, 2026
1911 Gold has released an updated underground mineral resource estimate for its Ogama-Rockland Gold Project, located about 45 km southeast of the True North mine and mill in Manitoba. The new estimate, based on extensive drilling and 3D geological...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.