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1911 Gold Q2 2026 loss widens as company cites higher exploration spending and staffing costs

PUBT·08/19/2026 11:20:15
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1911 Gold Q2 2026 loss widens as company cites higher exploration spending and staffing costs
  • For the six months ended June 30, 2026, net loss widened to CAD 16.9 million from CAD 6.3 million, reflecting higher spending.
  • Exploration and evaluation expense rose to CAD 10.95 million from CAD 4.5 million, driven mainly by mine delineation, drilling, consulting.
  • Salaries and benefits increased to CAD 2.48 million from CAD 795,000 as technical and corporate teams expanded ahead of a restart.
  • Cash fell to CAD 4.14 million from CAD 23.58 million due to CAD 23.3 million investing outflows, mainly project spending.
  • Liquidity improved after period-end with a CAD 35.7 million bought-deal financing; Tranche 1 US$ 15 million credit facility remained outstanding.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 1911 Gold Corporation published the original content used to generate this news brief on August 19, 2026, and is solely responsible for the information contained therein.