1911 Gold Management

Management criteria checks 2/4

1911 Gold's CEO is R. Heinrichs, appointed in Mar 2022, has a tenure of 2.17 years. total yearly compensation is CA$264.98K, comprised of 83% salary and 17% bonuses, including company stock and options. directly owns 2.2% of the company’s shares, worth CA$236.66K. The average tenure of the management team and the board of directors is 1.2 years and 5.3 years respectively.

Key information

R. Heinrichs

Chief executive officer

CA$265.0k

Total compensation

CEO salary percentage	83.0%
CEO tenure	2.2yrs
CEO ownership	2.2%
Management average tenure	1.2yrs
Board average tenure	5.3yrs

Recent management updates

Recent updates

We're Keeping An Eye On 1911 Gold's (CVE:AUMB) Cash Burn Rate

Apr 07

CEO Compensation Analysis

How has R. Heinrichs's remuneration changed compared to 1911 Gold's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	n/a	n/a	-CA$2m
Sep 30 2023	n/a	n/a	-CA$3m
Jun 30 2023	n/a	n/a	-CA$4m
Mar 31 2023	n/a	n/a	-CA$7m
Dec 31 2022	CA$265k	CA$220k	-CA$11m
Sep 30 2022	n/a	n/a	-CA$12m
Jun 30 2022	n/a	n/a	-CA$12m
Mar 31 2022	n/a	n/a	-CA$9m
Dec 31 2021	CA$246k	CA$205k	-CA$9m
Sep 30 2021	n/a	n/a	-CA$7m
Jun 30 2021	n/a	n/a	-CA$5m
Mar 31 2021	n/a	n/a	-CA$7m
Dec 31 2020	CA$221k	CA$193k	-CA$6m
Sep 30 2020	n/a	n/a	-CA$7m
Jun 30 2020	n/a	n/a	-CA$6m
Mar 31 2020	n/a	n/a	-CA$8m
Dec 31 2019	CA$170k	CA$170k	-CA$8m
Sep 30 2019	n/a	n/a	-CA$12m
Jun 30 2019	n/a	n/a	-CA$27m
Mar 31 2019	n/a	n/a	-CA$27m
Dec 31 2018	CA$100k	CA$100k	-CA$33m

Compensation vs Market: R.'s total compensation ($USD192.59K) is about average for companies of similar size in the Canadian market ($USD174.31K).

Compensation vs Earnings: R.'s compensation has increased whilst the company is unprofitable.

CEO

R. Heinrichs (49 yo)

2.2yrs

Tenure

CA$264,978

Compensation

Mr. R. Shaun Heinrichs, BBA, CA, CPA (Illinois), served as Chief Financial Officer, Corporate Secretary and Director at Ring the Bell Capital Corp. He serves as President, CEO and Director at 1911 Gold Cor...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
R. Heinrichs	President	2.2yrs	CA$264.98k	2.2% CA$ 236.7k
Carmen Amezquita Hernandez	Chief Financial Officer	2.1yrs	CA$45.00k	no data
Gary O'Connor	Executive Chair	less than a year	no data	0.80% CA$ 85.6k
Michele Libera	Vice President of Exploration	less than a year	no data	no data
Shaun Drake	Corporate Secretary	no data	no data	0.021% CA$ 2.2k

1.2yrs

Average Tenure

52.5yo

Average Age

Experienced Management: AUMB's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
R. Heinrichs	President	2.2yrs	CA$264.98k	2.2% CA$ 236.7k
Gary O'Connor	Executive Chair	less than a year	no data	0.80% CA$ 85.6k
Michael Hoffman	Independent Director	6yrs	CA$76.00k	0.86% CA$ 93.1k
Shastri Ramnath	Independent Director	5.3yrs	CA$29.00k	0.24% CA$ 26.1k
James Haggarty	Independent Director	6yrs	CA$32.00k	0.44% CA$ 47.1k

5.3yrs

Average Tenure

53yo

Average Age

Experienced Board: AUMB's board of directors are considered experienced (5.3 years average tenure).

1911 Gold Management

Management criteria checks 2/4

Key information

Recent management updates

1911 Gold Corporation, Annual General Meeting, Jun 26, 2024

1911 Gold Corporation Announces Board Changes

1911 Gold Corporation, Annual General Meeting, Sep 28, 2023

1911 Gold Corporation, Annual General Meeting, Jun 28, 2022

1911 Gold Corporation Announces Appointment of Carmen Amezquita as Chief Financial Officer

President exercised options to buy CA$82k worth of stock.

Recent updates

1911 Gold Corporation, Annual General Meeting, Jun 26, 2024

1911 Gold Corporation Announces Board Changes

Full year 2023 earnings released: CA$0.029 loss per share (vs CA$0.17 loss in FY 2022)

1911 Gold Corporation Drilling Confirms Extensions of Gold Zones At Historical Central Manitoba Gold Mine

New major risk - Shareholder dilution

1911 Gold Corporation announced that it has received CAD 3.898667 million in funding from 2176423 Ontario Ltd., Gunsynd Plc

New minor risk - Shareholder dilution

New minor risk - Share price stability

1911 Gold Corporation announced that it expects to receive CAD 3.9 million in funding

1911 Gold Corporation announced that it expects to receive CAD 3.5 million in funding

Third quarter 2023 earnings released: CA$0.002 loss per share (vs CA$0.026 loss in 3Q 2022)

New minor risk - Share price stability

Second quarter 2023 earnings released: CA$0.007 loss per share (vs CA$0.052 loss in 2Q 2022)

Fulcrum Metals (Canada) Ltd. entered into a mineral claim purchase agreement to acquire Tully Gold project from 1911 Gold Corporation (TSXV:AUMB) for CAD 0.8 million.

1911 Gold Corporation, Annual General Meeting, Sep 28, 2023

Full year 2022 earnings released: CA$0.17 loss per share (vs CA$0.19 loss in FY 2021)

Third quarter 2022 earnings released: CA$0.026 loss per share (vs CA$0.03 loss in 3Q 2021)

Second quarter 2022 earnings released: CA$0.052 loss per share (vs CA$0.003 loss in 2Q 2021)

1911 Gold Corporation Commences Exploration Drilling At the Rice Lake Property, Manitoba

1911 Gold Intersects Multiple Gold-Bearing Structures in First-Pass Drilling At the Wallace Project, Rice Lake Property, Manitoba

1911 Gold Corporation Reports Assay Results from Exploration Drilling At Apex Property Located Near Snow Lake, Manitoba

1911 Gold Corporation Commences 2022 Tailings Reprocessing and Receives $300,000 Grant from Manitoba Mineral Development Fund

1911 Gold Corporation Announces Initial Results from 2022 Exploration Drilling At the Rice Lake Gold Property, Manitoba

1911 Gold Provides Update on Q1-Q2 Exploration Drilling and 2022 Field Exploration Programs

1911 Gold Provides Update on Q1-Q2 Exploration Drilling and 2022 Field Exploration Programs

1911 Gold Corporation, Annual General Meeting, Jun 28, 2022

Alliance Mining Corp. (TSXV:ALM) completed the acquisition of 50% stake in Twenty-Seven Mining Claims in Rice Lake Belt from 1911 Gold Corporation (TSXV:AUMB).

1911 Gold Corporation Announces Appointment of Carmen Amezquita as Chief Financial Officer

1911 Gold Corporation Mobilizes Second Drill to Rice Lake and Completes First Drillhole of Maiden Program at Apex

1911 Gold Commences 2022 Exploration Program At Manitoba Gold Properties and Attracts New Strategic Investment

1911 Gold Corporation announced that it has received CAD 8 million in funding

1911 Gold Corporation announced that it expects to receive CAD 5 million in funding

Third quarter 2021 earnings: Revenues and EPS in line with analyst expectations

1911 Gold Provides Update on Rice Lake Exploration Program

1911 Gold Corporation (TSXV:AUMB) signed definitive agreement to acquire Pleiades Property from Pleiades Mineral Exploration Ltd. for CAD 0.09 million.

1911 Gold Corporation (TSXV:AUMB) signed a definitive agreement to acquire Palomar Lake Property from CGW Consortium for CAD 0.15 million.

President exercised options to buy CA$82k worth of stock.

1911 Gold Corporation (TSXV:AUMB) signed a definitive agreement to acquire StrikePoint's Angelina Property from StrikePoint Gold Inc. (TSXV:SKP) for CAD 0.10 million.

Alliance Mining Corp. (TSXV:ALM) entered into a purchase agreement to acquire Twenty-Seven Mining Claims in Rice Lake Belt from 1911 Gold Corporation (TSXV:AUMB).

1911 Gold Corporation Reports the Remaining Results from the Phase II Drilling Program at Its 100% Owned Rice Lake Gold Projects in Manitoba

1911 Gold Reports Additional Gold Intercepts At Tinney

Full year 2020 earnings released: CA$0.14 loss per share (vs CA$0.22 loss in FY 2019)

We're Keeping An Eye On 1911 Gold's (CVE:AUMB) Cash Burn Rate

1911 Gold Corporation Reports Results from the Ongoing 18,000-Metre Phase II Drilling Program on the 100% Owned Rice Lake Properties in Manitoba

New 90-day high: CA$0.64

1911 Gold Intersects 5.99 g/t Gold Over 3.3 Metres at the Bidou South Target and Provides Update on the Phase II Drilling Program

New 90-day low: CA$0.50

1911 Gold Corporation Announces the Resumption of Drilling and Tailings Activities on their 100% owned Rice Lake Properties

1911 Gold Provides Notification of Two Positive COVID-19 Cases At Rice Lake Operations

New 90-day low: CA$0.57

First half earnings released

New 90-day high - CA$0.61

1911 Gold Corporation announced that it has received CAD 5.208 million in funding

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age