1911 Gold Corporation
1911 Gold owns a fully built and permitted mine and mill complex at True North, Manitoba, within a roughly 61,600-hectare land package in the Rice Lake greenstone belt, and released PEA-level restart economics (C$391M after-tax NPV5%, 105% IRR) in early 2026 while advancing toward a pre-feasibility study and a targeted 2027 production restart.
Notable vs. Peers
- Financials score of 1/10 is weaker than the peer average of 5.3/10.
Lifecycle Milestones
Jurisdiction (40%)8/10
Manitoba: Fraser PPI 2025 is 69.29 of 100 (rank 39 of 68), which maps to 8 on this site's scale. The True North gold project is in Manitoba. Manitoba has Canadian rule of law, but mining executives rate its policy climate below Canada's leading mining provinces.
Infrastructure (40%)10/10
A confirmed mill, confirmed road access, confirmed grid power, and a confirmed tailings facility at True North Gold Project, Manitoba.
Nearby producing mine (20%)Not yet researched
No producing mine within 50 km in our reference list (nearest listed: Tanco (Sinomine Resource Group Co., Ltd.), 68 km). That list doesn't cover every mining district yet, so a longer distance isn't scored as remote.
Acquisition Susceptibility
A relative ranking of how closely this company matches the profile of juniors that have actually been acquired — not a probability, and not a reason to buy. Acquisitions are rare: only a few dozen significant deals happen a year across a universe of thousands of juniors, so even a high score here describes a long shot. The strongest signal in the research, a producer that already owns part of the company, is scored from its disclosed strategic shareholders. A producer that is a joint-venture or earn-in partner on the project, rather than a shareholder, isn't captured yet.
How this score is built
- Disclosed pending dealSub-score: Not scored
No pending acquisition or merger disclosed (checked)
Not scored: having no deal in flight isn't held against a company.
Weight 26.25% - Producer's strategic stakeSub-score: Not scored
No producer holds a disclosed stake on file (holder register researched) See holders
Not scored: most juniors that do get bought had no prior toehold, so a missing stake says little either way.
Weight 25% - Distance to a producing mineSub-score:4.4/10
Nearest producing mine: Tanco (Sinomine Resource Group Co., Ltd.), 68 km
10 next to a producing mine, 8 at 20 km, 5 at 50 km, 0 beyond 200 km.
Weight 22.5% · 46% here - Lifecycle stageSub-score:6/10
Stage: Preliminary Economic Assessment
Feasibility and permitting score 10, where deals cluster, and production 5.5; earlier stages score less, down to 1 at grassroots.
Weight 15% · 31% here - JurisdictionSub-score:8/10
Canada: jurisdiction score 8/10
Our jurisdiction score, used as is: higher means lower political and permitting risk.
Weight 6.75% · 14% here - CommoditySub-score:10/10
Primary commodity: Gold
Gold 10, copper 8, silver 5, nickel and uranium 4, others 2: most majors' deals are for gold.
Weight 4.5% · 9% here
Weight is each input's share of the full score. “Here” is its share of this company's score: inputs that aren't scored are left out and the rest re-weighted, never counted as zero.
Your Rankings
Management Team
Executive Chair of 1911 Gold Corporation. 40+ years of mineral exploration and development experience; prior roles at Moneta Gold, Dundee Resources and Freeport-McMoRan.
Chief Financial Officer of NiCAN Limited (TSXV: NICN) and President & Chief Executive Officer of 1911 Gold Corporation. Over 20-25 years of experience in senior financial management and reporting, primarily in the mining industry. Began his career at Ernst & Young, then held senior management roles in several public companies including Chief Financial Officer of Veris Gold Corp., a precious metals producer listed in Canada and the US, from 2008 to 2015, and CFO of VMS Ventures Inc. from 2015 to 2016; also served as a director of Veris Gold Corp from 2012 to 2013. Also CFO of Group Eleven Resources Corp., a zinc exploration company based in Ireland. A Chartered Professional Accountant (CPA, CA) with the Institute of Chartered Accountants of British Columbia, holding a business degree from Simon Fraser University. Sources: nicanltd.com/corporate/management/ and 1911 Gold's own disclosure.
Chief Operating Officer of 1911 Gold Corporation. 30+ years of technical/operational mining experience; previously Senior VP Operations at New Gold and General Manager at the Rainy River mine.
Chief Financial Officer of 1911 Gold Corporation. 23 years of natural resources and capital markets experience; recently CFO of Battery Mineral Resources Corp, with 15 years in investment banking.
VP Exploration at 1911 Gold Corporation. Economic geologist with 30+ years of precious/base metals experience; former Director of Exploration at New Gold. Master's in Geological Science.
VP Investor Relations at 1911 Gold Corporation. 24+ years of metals/mining experience, including at Nighthawk Gold and Kirkland Lake Gold.
Corporate Secretary of 1911 Gold Corporation; also Corporate Secretary of Copper Road Resources Inc. and Wolfden Resources Corporation. Providing corporate secretarial services to reporting issuers since 2000; member of the Chartered Governance Institute.
Mine Superintendent at 1911 Gold Corporation. 20 years in the Red Lake gold camp; recently Mine Operations Superintendent at the Madsen Mine.
Mill Superintendent at 1911 Gold Corporation. 40 years of milling/processing experience; recently Mill Manager at the Madsen Mine and a 24-year Ontario Mine Rescue member.
Environmental Superintendent at 1911 Gold Corporation. 17 years across mining, oil & gas, agriculture and heavy construction; BSc Geology, Brandon University.
Insiders, Investors & Smart Money
Notable shareholders and insiders whose involvement is worth knowing about, plus what we're seeing from institutional/large-investor activity.
Eric Sprott, the best-known financier in junior gold, held about 17.2% of 1911 Gold (42,622,068 shares) after subscribing C$1.86M for 9,288,734 shares at C$0.20 in the C$13.2M bought-deal offering that closed 17 Jul 2025 -- a release the company titled an "increased" investment, taking him from roughly 16.7%. He has been diluted since by two later raises he is not named in, including a C$35.65M bought deal in July 2026, but even assuming he sat both out his position would still be around 13-14%. No producer or strategic investor holds a stake, and that July 2025 subscription is the most recent insider buying on record.
No notable insiders tracked for this miner yet.
Reports, Presentations & Documents
1911 Gold owns 100% of the fully built and permitted True North mine and mill complex in Manitoba's Rice Lake greenstone belt, within a land package of about 61,600 hectares. True North holds 499,000 oz of gold in indicated resources (3,516,000 t at 4.41 g/t), with no measured category, in an estimate effective 29 August 2024, and company-wide inferred resources are 1,356,000 oz, including the inferred-only Ogama-Rockland deposit. After a British Columbia Securities Commission review, the company said on 2 July 2026 that its February 2026 preliminary economic assessment should not be relied on until an amended technical report is filed, and no production decision has been made. Test mining is under way in two underground zones ahead of a planned 2027 production decision, and a global resource update is targeted for the fourth quarter of 2026.
1911 Gold's independent PEA (by AMC Mining Consultants) for the True North Gold Project restart, southeastern Manitoba, announced 10 Feb 2026: after-tax NPV5% of C$391M and after-tax IRR of 105% at a long-term gold price of US$3,000/oz (rises to C$998M NPV at a constant US$4,800/oz; pre-tax figures are C$527M NPV / 118% IRR). Project capital C$478M, 2.2-year payback. 11-year mine life, steady-state production of 1,215 t/d averaging 58,100 oz/yr payable gold (Years 3-8), 527,100 oz total LOM production, using the fully built and permitted True North infrastructure (shafts, underground workings, mill, tailings facility). Underlying resource (updated MRE, effective 29 Aug 2024, announced 20 Nov 2024, NI 43-101 report by Lions Gate Geological Consulting filed 23 Dec 2024): Indicated 3,516,000 t at 4.41 g/t for 499,000 oz, Inferred 5,490,000 t at 3.65 g/t for 644,000 oz.