TSXV:AUMB

Stock Analysis Report

Executive Summary

1911 Gold Corporation engages in the acquisition, exploration, development, and extraction of precious metals.

Risk Analysis

Revenue has declined by -52.6% over the past year

Shareholders have been substantially diluted in the past year

Does not have a meaningful market cap (CA$9M)

Currently unprofitable and not forecast to become profitable over the next 3 years

+ 1 more risk


Snowflake Analysis

Flawless balance sheet and overvalued.

Share Price & News

How has 1911 Gold's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AUMB has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

-7.7%

AUMB

-0.2%

CA Metals and Mining

0.4%

CA Market


1 Year Return

-12.7%

AUMB

22.8%

CA Metals and Mining

11.0%

CA Market

Return vs Industry: AUMB underperformed the Canadian Metals and Mining industry which returned 22.8% over the past year.

Return vs Market: AUMB underperformed the Canadian Market which returned 11% over the past year.


Shareholder returns

AUMBIndustryMarket
7 Day-7.7%-0.2%0.4%
30 Day9.1%3.5%0.01%
90 Day-21.3%-0.6%0.9%
1 Year-12.7%-12.7%23.8%22.8%14.7%11.0%
3 Yearn/a7.6%5.6%15.1%4.6%
5 Yearn/a41.3%36.8%37.8%17.4%

Price Volatility Vs. Market

How volatile is 1911 Gold's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is 1911 Gold undervalued compared to its fair value and its price relative to the market?

0.2x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate AUMB's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate AUMB's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: AUMB is unprofitable, so we can't compare its PE Ratio to the Metals and Mining industry average.

PE vs Market: AUMB is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AUMB's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AUMB is good value based on its PB Ratio (0.2x) compared to the CA Metals and Mining industry average (1.3x).


Next Steps

Future Growth

How is 1911 Gold forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

17.3%

Forecasted Materials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as 1911 Gold has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has 1911 Gold performed over the past 5 years?

80.0%

Last years earnings growth


Earnings and Revenue History

Quality Earnings: AUMB is currently unprofitable.

Growing Profit Margin: AUMB is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: Unable to establish if AUMB's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.

Accelerating Growth: Unable to compare AUMB's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AUMB is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (4.1%).


Return on Equity

High ROE: AUMB has a negative Return on Equity (-27.23%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is 1911 Gold's financial position?


Financial Position Analysis

Short Term Liabilities: AUMB's short term assets (CA$11.9M) exceed its short term liabilities (CA$2.5M).

Long Term Liabilities: AUMB's short term assets (CA$11.9M) exceed its long term liabilities (CA$2.6M).


Debt to Equity History and Analysis

Debt Level: AUMB is debt free.

Reducing Debt: AUMB has not had any debt for past 5 years.


Balance Sheet

Inventory Level: AUMB has a high level of physical assets or inventory.

Debt Coverage by Assets: Insufficient data to determine if AUMB's debt is covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: AUMB has sufficient cash runway for more than a year based on its current free cash flow.

Forecast Cash Runway: AUMB has sufficient cash runway for 2.831947 years if free cash flow continues to grow at historical rates of 107.5% each year.


Next Steps

Dividend

What is 1911 Gold's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%2.0%markettop25%5.6%industryaverage1.2%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: Unable to evaluate AUMB's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate AUMB's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AUMB's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AUMB's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AUMB's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.


Next Steps

Management

What is the CEO of 1911 Gold's salary, the management and board of directors tenure and is there insider trading?

1.6yrs

Average board tenure


CEO

Ron Clayton (60yo)

0.9yrs

Tenure

0

Mr. Ronald W. Clayton, also Known as Ron, has been an Independent Director at Prophecy Development Corp. since November 4, 2019. Mr. Clayton has been the President and Chief Executive Officer of Havilah Mi ...


Board Age and Tenure

1.6yrs

Average Tenure

52yo

Average Age

Experienced Board: AUMB's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.


Insider Trading

Insider Buying: AUMB insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyCA$7,78029 Nov 19
Shaun Heinrichs
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares30,000
Max PriceCA$0.26
SellCA$7,61422 Nov 19
Dundee Resources Limited
EntityCompany
Shares29,500
Max PriceCA$0.26
BuyCA$11,50008 Nov 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares50,000
Max PriceCA$0.23
BuyCA$2,50008 Nov 19
Shaun Heinrichs
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares10,000
Max PriceCA$0.25
BuyCA$2,85016 Sep 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares9,500
Max PriceCA$0.30
BuyCA$5,42313 Sep 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares18,375
Max PriceCA$0.30
BuyCA$2,85003 Sep 19
Shaun Heinrichs
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares10,000
Max PriceCA$0.29
BuyCA$1,24226 Jun 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares5,500
Max PriceCA$0.25
BuyCA$2,00007 Jun 19
Shaun Heinrichs
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares8,000
Max PriceCA$0.25
BuyCA$2,75030 Apr 19
Shaun Heinrichs
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares10,000
Max PriceCA$0.28
BuyCA$1,65009 Apr 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares6,000
Max PriceCA$0.28
BuyCA$27508 Apr 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares1,000
Max PriceCA$0.28
BuyCA$14304 Apr 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares500
Max PriceCA$0.28
BuyCA$14,10702 Apr 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares49,500
Max PriceCA$0.28
BuyCA$12,00001 Apr 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares40,000
Max PriceCA$0.30
BuyCA$3,10028 Mar 19
Shaun Heinrichs
EntityIndividual
Role
Chief Financial Officer
Chief Financial Officer
Shares10,000
Max PriceCA$0.31
BuyCA$3,00028 Mar 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares10,000
Max PriceCA$0.30
BuyCA$20,00022 Mar 19
Shastri Ramnath
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares66,667
Max PriceCA$0.30
BuyCA$1,400,00020 Mar 19
Dundee Resources Limited
EntityCompany
Shares4,666,667
Max PriceCA$0.30
BuyCA$5,99701 Feb 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares21,500
Max PriceCA$0.28
BuyCA$2,38030 Jan 19
Blair Schultz
EntityIndividual
Role
Chairman of the Board
Chairman of the Board
Shares8,500
Max PriceCA$0.28
BuyCA$9,97511 Jan 19
Scott Anderson
EntityIndividual
Role
Senior Key Executive
Vice President of Exploration
Shares35,000
Max PriceCA$0.28
BuyCA$99,75011 Jan 19
Ronald Clayton
EntityIndividual
Role
Chief Executive Officer
President
Shares350,000
Max PriceCA$0.28

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 56%.


Management Team

  • Ron Clayton (60yo)

    President

    • Tenure: 0.9yrs
  • Shaun Drake (52yo)

    Corporate Secretary

    • Tenure: 0yrs
  • Shaun Heinrichs

    Chief Financial Officer

    • Tenure: 0yrs
  • Scott Anderson

    Vice President of Exploration

    • Tenure: 1.3yrs

Board Members

  • Ron Clayton (60yo)

    President

    • Tenure: 0.9yrs
  • Mike Hoffman (60yo)

    Independent Director

    • Tenure: 1.6yrs
  • Shastri Ramnath (42yo)

    Independent Director

    • Tenure: 0.8yrs
  • Paul Huet (50yo)

    Independent Director

    • Tenure: 1.6yrs
  • Jamie Haggarty (54yo)

    Independent Director

    • Tenure: 1.6yrs
  • Blair Schultz (42yo)

    Chairman of the Board

    • Tenure: 0yrs

Company Information

1911 Gold Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: 1911 Gold Corporation
  • Ticker: AUMB
  • Exchange: TSXV
  • Founded: 2018
  • Industry: Gold
  • Sector: Materials
  • Market Cap: CA$9.114m
  • Shares outstanding: 37.98m
  • Website: https://www.1911gold.com

Location

  • 1911 Gold Corporation
  • 121 King Street West
  • Suite 830
  • Toronto
  • Ontario
  • M5H 3T9
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AUMBTSXV (TSX Venture Exchange)YesCommon SharesCACADJul 2018
HAVX.FOTCPK (Pink Sheets LLC)YesCommon SharesUSUSDJul 2018

Biography

1911 Gold Corporation engages in the acquisition, exploration, development, and extraction of precious metals. The company primarily explores for gold. It owns interests in the True North mine and mill com ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/12/11 01:29
End of Day Share Price2019/12/10 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


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 here.