Defending men's champion Mathieu Faivre was eliminated before the quarter-finals which helped Schmid on his way to the historic win.

The Olympic silver medallist set a net time of 44.43 seconds to seal the historic victory, beating Austria's Dominik Raschner by 0.91 in the big final.

Norway's Timon Haugan crossed the line after 44.79 in the small final to beat Austrian Adrian Pertl to bronze.

"It means a lot - I didn't expect it, and I am so happy to be here with a gold medal, it is just amazing," said Schmid.

"After yesterday’s race, the team event, I knew I had to focus from run to run, and never give up.

"Every run is a new run.

"You have to keep going.

"It's no risk, no fun, and that was pretty fun."

Tviberg clinched a 0.67-second victory against Switzerland's three-time champion Wendy Holdener in the women's decider to seal her first podium finish at the Championships in 46.02.

Her compatriot Thea Louise Stjernesund joined her on the podium after beating Marie Lamure in the small final as the Frenchwoman crashed out.

"I've never had a (individual) medal before and just to do that is amazing and then a gold on top of that, you can hear my voice is shaking," said Tviberg.

"I always have stuff to say and I am speechless."

Tviberg was a key figure in Norway's run to the team parallel semi-finals earlier in the Championships.

However, she then crashed and was ruled out of the final and was forced to watch her country lose out on gold.

Action is set to continue tomorrow with the women's giant slalom medal event and the men's giant slalom qualifying stage.