1911 Gold at sidoti micro-cap virtual conference: production push

On August 19, 2026, 1911 Gold Corporation participated in the Sidoti & Company Micro-Cap Virtual Conference to discuss its shift from late-stage development to production at its True North project in Manitoba. Though nearing a key operational turning point, the company faces execution risk, continued capital spending, and a stock that has underperformed despite stronger gold prices.

CEO Shaun Heinrichs stated that the company is now largely funded through its first production, having recently completed a CAD 33 million equity financing and received CAD 20 million from a CAD 40 million credit facility with Auramet. The company's economics remain attractive at a CAD 3,000 gold price, with projected net present value of CAD 391 million and cash flow of over CAD 545 million.

Most of the infrastructure for production is already in place at the True North mine, which 1911 Gold is refurbishing and upgrading. The crushing circuit building and key components are expected to be delivered within six to eight weeks, with tank relining work substantially complete. Underground work is progressing in several areas, with first production sequence likely involving low-grade stockpile processing, ore from underground, carbon circuit buildup, gold stripping, and first bar pour expected by the end of December.

The company is also expanding its resource base and mine plan, with a major resource update expected in fall 2026 that should improve both size and quality. A satellite mine, Ogama-Rockland, is in the works about 45 kilometers from the main mill, expected to produce higher-grade ore and potentially lift combined production toward or above 100,000 ounces a year.

1911 Gold's location near Winnipeg, Manitoba, offers unique advantages, including access to roads, rail, power, and service providers. The company boasts a strong senior management team and experienced geology group, which Heinrichs said will help with the transition to production. Management outlined a staged production plan, with 25,000 ounces expected in the first production year, followed by a rapid ramp-up as more mining areas come online.

Heinrichs emphasized the company's goal to become self-funding once production stabilizes, with cash flow generation and self-funding future exploration and growth opportunities by mid to late next year.