1911 Gold

1911 Gold plans to transition from development to production at the True North project in Manitoba and is targeting a first gold pour in late December 2026 or January 2027. The company recently raised CAD 33 million in equity and has a CAD 20 million Auramet credit facility; an additional CAD 10–12 million in capital is required to complete the project. The mill is scheduled to be commissioned in November 2026, initial throughput is expected to reach 600–800 tonnes/day, and production is forecast to start in 2027 at around 25,000 ounces, rising to a target of 45–50,000 ounces in 2028. A resource update planned for fall 2026 and the satellite Ogama‑Rockland project are expected to support growth and higher production rates. » Więcej na de.investing.com

1911 Gold Corporation has entered into an agreement for a C$11.5 million bought deal offering and private placement, issuing various types of shares to support exploration and development activities. The proceeds will be used for qualifying expenditures, accelerated Canadian development expenses, and general corporate purposes. The offering is expected to close around July 17, 2025, pending regulatory approvals. » Więcej na financialpost.com