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1911 Gold's preliminary economic assessment and the road to production at True North
Description
In this episode of Mining Stock Daily, host Michael McCrae speaks with CEO Shaun Heinrichs of 1911 Gold (TSX-V: AUMB) about the company’s newly-released preliminary economic assessment (PEA) for the True North Gold Project in Manitoba.
The study outlines a redevelopment plan built around existing permitted infrastructure with the goal of restarting operations through a relatively low initial capital investment. The PEA contemplates average annual gold production of approximately 58,000 ounces over an estimated 11-year mine life and presents projected economics that management believes support advancement to the next stage of study.
During the discussion, the CEO outlines the assumptions behind the PEA, including gold price sensitivity, operating costs, and capital intensity, and explains how the company views the path toward financing and potential construction. The conversation also addresses exploration upside within the broader land package and the risks and uncertainties inherent in moving from a PEA to more advanced engineering studies.