1911 Gold Corporation

TSXV:AUMB Stock Report

Market Cap: CA$279.1m

1911 Gold Management

Management criteria checks 2/4

1911 Gold's CEO is R. Heinrichs, appointed in Mar 2022, has a tenure of 4.5 years. total yearly compensation is CA$592.50K, comprised of 38% salary and 62% bonuses, including company stock and options. directly owns 1.4% of the company’s shares, worth CA$3.92M. The average tenure of the management team and the board of directors is 2 years and 2.4 years respectively.

Key information

R. Heinrichs

Chief executive officer

CA$592.5k

Total compensation

CEO salary percentage37.97%
CEO tenure4.5yrs
CEO ownership1.4%
Management average tenure2yrs
Board average tenure2.4yrs

Recent management updates

Recent updates

Narrative Update • Jun 10

(Deep Dive) 1911 Gold, Low-Capex Gold Producer in Making: 527K oz from Existing Infrastructure + Eric Sprott Backing

In this video, discover 1911 Gold Corporation, a high-grade underground gold restart story in Manitoba. With an existing mine, mill, and infrastructure, the 2026 PEA shows 527K oz gold production over 11 years, 105% IRR, C$391M NPV at US$3,000/oz gold and just C$59M initial capex.
Narrative Update • May 20

Valuation update (May 2026)

Valuation Important Valuation Note This is a simplified high-gold-price torque model, not an official company forecast. It is designed to estimate upside sensitivity at US$6,000/oz and US$7,000/oz gold.
Narrative Update • Feb 18

PEA Released on 1911 Confirms Analysis

A PEA was released on February 10, 2026, concerning 1911 Gold. Most of the figures are close to my initial analysis.
Narrative Update • Nov 22

🧭 Big-Picture View: AUMB vs the 5 Classic Failure Modes

1. CAPEX Overruns + Dilution Risk (Highest Risk Area) Industry Reality: Developers fail because restart capex or operating capital balloons, forcing massive dilution.
Analysis Article • Sep 24

Weekly Picks: ⛏️ The Gold Play With Permits, A Plan And Real Momentum And 2 More Picks

This week’s picks cover: Why most people don’t understand The Cheesecake Factory’s potential, how fully permitted gold miner, 1911 Gold, could offer 50x return, why rate cuts benefit dividend plays like Coca Cola immensely.
New Narrative • Sep 23

Fully Permitted Gold Mine with 50 Baggers Potential

1911 Gold – Updated Snapshot (September 2025) Latest verified facts The company commenced a PEA on the True North restart in late August 2025 with AMC Consultants; a short trial mining campaign (3–5 months) is planned to validate methods and economics ahead of a bulk sample. Newswire+1 Corporate presentation (Sept 9, 2025) shows 262.32M shares outstanding (296.19M fully diluted) and ~C$15.2M cash including a recent financing.
User avatar
New Narrative • Jun 27

A case for TSXV:AUMB to reach USD$2.69 (CAD$3.70) by 2030 (15X).

Indicated Resources: 3.52 million tonnes at 4.4 g/t gold (499,000 oz)

CEO Compensation Analysis

How has R. Heinrichs's remuneration changed compared to 1911 Gold's earnings?
DateTotal CompensationSalaryCompany Earnings
Jun 30 2026n/an/a

-CA$36m

Mar 31 2026n/an/a

-CA$32m

Dec 31 2025CA$593kCA$225k

-CA$25m

Sep 30 2025n/an/a

-CA$15m

Jun 30 2025n/an/a

-CA$10m

Mar 31 2025n/an/a

-CA$8m

Dec 31 2024CA$325kCA$225k

-CA$5m

Sep 30 2024n/an/a

-CA$3m

Jun 30 2024n/an/a

-CA$2m

Mar 31 2024n/an/a

-CA$2m

Dec 31 2023CA$324kCA$229k

-CA$2m

Sep 30 2023n/an/a

-CA$3m

Jun 30 2023n/an/a

-CA$4m

Mar 31 2023n/an/a

-CA$7m

Dec 31 2022CA$315kCA$220k

-CA$11m

Sep 30 2022n/an/a

-CA$12m

Jun 30 2022n/an/a

-CA$12m

Mar 31 2022n/an/a

-CA$9m

Dec 31 2021CA$246kCA$205k

-CA$9m

Sep 30 2021n/an/a

-CA$7m

Jun 30 2021n/an/a

-CA$5m

Mar 31 2021n/an/a

-CA$7m

Dec 31 2020CA$221kCA$193k

-CA$6m

Sep 30 2020n/an/a

-CA$7m

Jun 30 2020n/an/a

-CA$6m

Mar 31 2020n/an/a

-CA$8m

Dec 31 2019CA$170kCA$170k

-CA$8m

Compensation vs Market: R.'s total compensation ($USD427.04K) is about average for companies of similar size in the Canadian market ($USD532.28K).

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

CEO

R. Heinrichs (52 yo)

4.5yrs
Tenure
CA$592,500
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

NamePositionTenureCompensationOwnership
Gary O'Connor
Executive Chair2.4yrsCA$125.00k0.65%
CA$ 1.8m
R. Heinrichs
President4.5yrsCA$592.50k1.4%
CA$ 3.9m
Michele Libera
Vice President of Exploration2.4yrsCA$256.60k0.013%
CA$ 37.4k
Max Satel
Chief Financial Officerless than a yearno datano data
Eric Vinet
Chief Operating Officerless than a yearno datano data
Suzette Ramcharan
Vice President of Investor Relations1.7yrsno data0.017%
CA$ 47.3k
Shaun Drake
Corporate Secretaryno datano data0.015%
CA$ 42.9k
2.0yrs
Average Tenure
59yo
Average Age

Experienced Management: AUMB's management team is considered experienced (2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Gary O'Connor
Executive Chair2.4yrsCA$125.00k0.65%
CA$ 1.8m
R. Heinrichs
President4.5yrsCA$592.50k1.4%
CA$ 3.9m
Michael Hoffman
Independent Director8.3yrsCA$41.00k0.50%
CA$ 1.4m
Anna Ladd-Kruger
Independent Director2.1yrsCA$29.00k0.028%
CA$ 78.0k
Blair Schultz
Independent Director2.3yrsCA$33.50k1.23%
CA$ 3.4m
2.4yrs
Average Tenure
56yo
Average Age

Experienced Board: AUMB's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/14 14:03
End of Day Share Price 2026/09/11 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

1911 Gold Corporation is covered by 3 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Jamie SprattHaywood Securities Inc.
Richard NiehuserRoth Capital Partners
Paul O'BrienVelocity Trade Capital Ltd