1911 Gold Corporation (V:AUMB)
Business Focus: Gold (NEC)
| Sector: Basic Materials | Industry: Gold |
| Company Contact | |
| Address: | 400 Burrard Street,, Suite 1050 VANCOUVER BC V6C 3A6 |
| Tel: | N/A |
| Website: | https://www.1911gold.com |
| IR: | See website |
| Key People | ||
| Shaun Heinrichs President, Chief Executive Officer, Director | Carmen Amezquita Chief Financial Officer | Scott Anderson Vice President - Exploration |
| Business Overview |
| 1911 Gold Corporation is a Canada-based junior exploration company. The Company holds a prospective, consolidated land package totaling approximately 63,000 hectares (ha) within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba. Its Rice Lake exploration properties, totaling over 58,000 ha, are located approximately 100 kilometers (km) to the east in Ontario. Its flagship asset, the True North Complex, is located adjacent to the town of Bissett on the north shore of Rice Lake, approximately 150 km northeast of the city of Winnipeg, Manitoba. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario. The Apex exploration property is located 15 km southeast of the town of Snow Lake in north-central Manitoba and consists of five mining claims, totaling 752 ha, which are 100% owned by the Company. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, 1911 Gold Corp revenues decreased 88% to C$731K. Net loss decreased 82% to C$2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Exploration and evaluation decrease of 87% to C$1.1M (expense), Rental revenues and other increase from C$538K to C$3.8M (income). |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $12.96M as of Dec 31, 2023 |
| Annual revenue (TTM): | $0.73M as of Dec 31, 2023 |
| EBITDA (TTM): | -$5.68M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.01M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$2.56M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 134,481,495 as of Feb 9, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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