First Mining Gold Corp

First Mining Gold Corp. develops and explores for gold projects. It also explores for silver, copper, and iron ore deposits. The company primarily holds interests in the Springpole Gold Project located in northwestern Ontario. It holds a portfolio of 8 mineral assets located in Canada and the United States, as well as has an option to acquire an 80% interest in Pelangio's Birch Lake and Birch Lake West properties located in northwestern Ontario. In addition, the company holds 80% interest in Hope Brook Gold Project covering approximately 26,650 hectares located in Newfoundland and includes six mineral licenses, as well as holds interest in Cameron Project comprising of 1,789 mining claims, 24 patented claims, and 4 mining leases located in Ontario. First Mining Gold Corp. was incorporated in 2005 and is headquartered in Vancouver, Canada.

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Information

Key Information

Legal Entity

First Mining Gold Corp

Sector

Precious Metal

Founded

April 21, 2015

Employees

Reporting Currency

CAD

Contact Phone

604 639 8848

Website

www.firstmininggold.com

Headquarters Address

1188 West Georgia Street , Vancouver , BC V6E 4A2 , CA

Identifiers

ISIN

CA3208901064

CUSIP

320890106

Commodity Portfolio

AU Gold Primary

AG Silver Byproduct

Stock Exchanges

FF TSX • CAD

FF:TSE

0P07 LSE • GBP

0P07:LON

FFMGF OTC • USD

FFMGF:OTCMKTS

Organization

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Management team and industry partnerships.

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Videos

Advancing Two of Canada’s Largest Undeveloped Gold Projects | Daniel Wilton - First Mining Gold Corp

The Deep Dive

18 days ago 7:33

Key Highlights

detailed

Springpole received its federal environmental assessment approval on June 30, with provincial EA approval expected in October, making it one of Canada's most advanced undeveloped gold projects on permitting.
Remaining Springpole steps are the actual permits — via a staged closure plan (early works first, then detailed operating permits) — with detailed engineering that must conform to the EA approval conditions.
The company is targeting a definitive feasibility study around this time next year, project financing shortly after, and a final investment decision in Q1 2028.
First Mining is advancing two of Canada's largest undeveloped gold projects: Springpole at 5 million ounces in Northwestern Ontario, 100 km from Red Lake, and Duparquet at 6 million ounces in the heart of Quebec's Abitibi Gold Belt.
At Duparquet, roughly 50,000 metres have been drilled since the 2022 acquisition with about 15,000 more metres planned by year-end, connecting previously unconnected areas and finding new mineralized horizons; the CEO argues the market gives the asset very little value in the current market cap and believes it could be a project with a multiple-billion-dollar NAV.

Wilton argues Canada's mine approvals stay slow because building trust with Indigenous communities takes time no government mandate can compress. Springpole, five million ounces in northwestern Ontario, won federal environmental assessment approval in June after eight and a half years. Permits and detailed engineering come next, with a definitive feasibility study and a final investment decision (FID — the build commitment) targeted for early 2028. At Duparquet in Quebec, six million ounces and 50,000 metres drilled since 2022 support a resource update targeted for Q1. Wilton claims the market assigns Duparquet almost no value today and argues the project could carry a multibillion-dollar net asset value.

Live Q&A with Rick Rule and Albert Lu

Rule Investment Media

about 2 months ago

Key Highlights

brief

Rule rates Springpole a 6 and says it now stands a chance of being built because the gold price near $4,800 'skates everything on side,' making him more inclined than he was at $2,000 gold.
He describes Springpole as a large deposit with decent grade but warns that its location under a lake will increase construction expense and create permitting challenges.

Reading offering documents and 10-Ks is essential; Rick Rule uses a condo contract story to illustrate capital stack diligence. Rick rates First Mining Gold's Spring Pole a 6, and Agnico Eagle's Radisson stake validates Abitibi infrastructure economics. Lotus Resources' Chialecra uranium deposit isn't buildable at $80/lb given East African political and economic challenges, Rick says. Inversion technique: avoiding Doug Casey's 'gotta hunch, bet a bunch' is the surest way to fail in natural resources. In deleveraging equity plays, Rick waits for net present value of assets to exceed enterprise value before buying.

This Gold Stock Is Up 300% — And He Says It’s Still Cheap | Dan Wilton - First Mining Gold Corp

The Deep Dive

3 months ago

Key Highlights

detailed

Received federal environmental approval for the Springpole project as of July 2026, closing out an 8.5-year federal EA that the CEO says definitively answers whether the mine can be permitted.
The provincial EA draft decision document is in public comment through the end of July 2026 with a ministerial signature hoped for before the end of the summer, while term-sheet agreements with Cat Lake and Slate Falls First Nations are being converted into full project agreements.
The CEO cites Springpole's PFS-update upside case at $4,200/oz gold — roughly a 60% after-tax IRR, a 1.2-year payback and a $3.8 billion NPV on $1.1 billion of upfront capital — and targets a feasibility study around mid-2027 with a construction decision in early 2028.
Financing plans as of July 2026: conventional project debt of about 50-60% of the $1.1 billion capital, room for streaming and royalties, and openness to a partner funding construction equity on an earn-in basis, with the market cap now around C$1 billion.
Duparquet is being advanced back toward a PFS, with a resource update expected by the end of 2026, a full year of environmental baseline data, and a plan to process historic tailings deposited between 1933 and 1955 as an environmental cleanup.

Springpole's federal environmental approval after an 8.5-year review clears the key permitting hurdle ahead of a targeted early-2028 construction decision. Wilton cites Springpole's $4,200-gold upside case: roughly 60% after-tax IRR (project return rate) and $3.8 billion NPV on $1.1 billion upfront. Duparquet advances from PEA (early study) toward PFS (pre-feasibility study), using historic tailings deposited from 1933 to 1955 as feed while cleaning up the site. Financing options include 50-60% project debt, streaming and royalties (upfront payment for future metal), and an earn-in partner covering construction equity. Ontario projects are discounted despite a strong permitting record, he argues, with First Mining near $50 per ounce in the ground versus peers near $200.

This Could Be Silver’s Next Monster Mine | AbraSilver Diablillos DFS

The Deep Dive

3 months ago

Key Highlights

brief

In the five precious-metals developers the speaker benchmarks against, First Mining is cited at 0.26 times EV-to-NAV, the lowest multiple in the group and well below the 0.44 times average he uses as the developer benchmark for AbraSilver.

Junior miners cannot choose when good news lands, and this feasibility study hit on a day silver fell more than 5%. Phase one is a 25-year open pit processing 9,000 tonnes of ore a day, averaging 10.3 million silver-equivalent ounces annually. The first five years average 20.3 million silver-equivalent ounces, so the profile is heavily front-loaded rather than level. AISC (All-In Sustaining Cost — what it really costs to produce an ounce) of $19.98 and $722 million of capital look readily financeable. Senior producers trade above one times NAV while developers sit at a discount; the host puts this project near the peer average.

The Next Gold Surge? What Most Investors Don't Understand | Ranj Pillai

Liberty and Finance

4 months ago

Key Highlights

brief

The guest describes First Mining as Seva's partner that previously held the Ontario asset and had dialogue with the Rainy River mine before Seva bought the property.

Central banks in Poland, China, and Turkey are buying gold as insurance against geopolitical and financial instability, the guest argues. Institutional and family office capital for precious and critical minerals is still being structured rather than deployed, suggesting tailwinds. A lag between rising spot prices and mining equity re-ratings leaves value in junior miners, per the guest's experience. Seva Mining advances its Northwestern Ontario gold project through a DSO (direct shipping ore — selling unprocessed ore) model to cut upfront capital. The guest cites a 13,500 cubic meter gold stockpile and $9.5 billion of regional M&A since 2020 as near-term catalysts.

Fiore Group’s Next Great Company: Seva Mining

VRIC Media

4 months ago

Seva Mining's Cameron Lake project in northwestern Ontario uses a direct-shipping ore model, allowing it to bypass a processing plant and significantly lower initial CapEx (Capital Expenditure). Former Yukon Premier Ranj Pillai argues Canada must urgently build major resource infrastructure to capitalize on global demand for gold and critical minerals. First Mining Gold holds a 44% stake in Seva, providing the junior miner with strong institutional backing and access to the Fiore Group's capital network.

Keith Neumeyer, CEO of First Majestic Silver Corp. | Rule Symposium 2026: Rick Rule interviews

Rule Investment Media

4 months ago

Key Highlights

detailed

Neumeyer, who chairs First Mining Gold, says the portfolio he assembled in 2014-2015 is finally coming to fruition.
He describes buying eight nearly bankrupt companies over 15 months by approaching boards that had run out of money and lost investor patience during the gold-sector trough.
He calls it a blood-on-the-streets contrarian play and says he is good at picking bottoms but maybe not great at picking tops.

Keith Neumeier built First Majestic Silver by buying Mexican mines abandoned during downturns and reviving them with capital and trusted local management. His recurring pattern - First Quantum in copper, First Majestic in silver, First Mining Gold in gold - is entering out-of-favor sectors early. First Majestic keeps $938 million cash and 60 million ounces of gold and silver in its vaults rather than sell at prices it views as low. He screens management track records first, warning that the same mining deals resurface for decades, sometimes under new names. First Mining Gold shows the contrarian playbook: eight nearly bankrupt companies bought in 15 months during the 2014-2015 gold-sector downturn.

John Florek, President and CEO of Emperor Metals | Rule Symposium 2026: Rick Rule interviews

Rule Investment Media

5 months ago

Key Highlights

brief

The guest counts First Mining Gold among the neighbouring holders of roughly 20 million undeveloped ounces in the district, which underpins his argument that a consolidation story could play out around Emperor's projects.

Toll milling — processing ore at nearby third-party mills — lets Southern Abitibi gold projects skip the half-billion-dollar-plus cost of building mills, argues CEO John Florek. Florek says decades of new infrastructure and higher gold prices are unstranding Abitibi deposits that failed economically in three prior cycles. Emperor Metals trades near $43 million against almost 2 million ounces across two deposits 30 kilometers apart, which Florek calls undervalued. Permitted Lac Pelletier targets roughly 40,000 ounces annually from early 2028, with profits earmarked to grow flagship Duquesne West toward 3-5 million ounces. An updated 43-101 (Canadian technical report), a revived pre-feasibility study, and a 2027 PEA — third-party value estimate — top the stated catalysts.

Why This Gold Story Still Has Room to Run | Dan Wilton - First Mining Gold

The Deep Dive

6 months ago

CEO Dan Wilton argues the current gold price environment remains highly constructive for advanced-stage developers like First Mining Gold. The company is leveraging strategic partnerships at Cameron and Pickle Crow to advance projects while minimizing shareholder dilution. Key near-term catalysts include the Springpole environmental assessment process and unlocking value at the under-recognized Duparquet project.

Optionality Update - April 2026

Don Durrett

6 months ago

Key Highlights

brief

Durrett notes First Mining Gold holds 11 million ounces across two projects with a market cap up to $600 million, but he does not rate either project highly.

G Mining Ventures' $2 billion acquisition of G2 Goldfields implies roughly $500 per ounce, resetting valuation benchmarks for Canadian gold developers. A 72% premium for an exploration-stage project lifts per-ounce benchmarks, creating optionality across junior gold and silver names. Durrett screens about 60 juniors by future ounces against market cap, applying $250-$450 gold and $5 silver in-ground price assumptions. Names like Freegold, Triumph, Falco and Cabral show multi-bagger optionality if further deals clear at $300-$450 an ounce. He expects development-stage stocks to re-rate together if upcoming acquisitions keep pricing gold in the ground near $400 per ounce.

Articles

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First Mining's Springpole clears its federal EA, and the CEO maps the road to a Q1 2028 build decision

First Mining Gold received federal environmental assessment approval for Springpole on June 30 after an eight-and-a-half-year process, with provincial approval expected in October 2026. CEO Dan Wilton targets a feasibility study around fall 2027, a final investment decision in Q1 2028, and a Q1 2027 resource update at the Duparquet project in Quebec — an asset he says the market barely values.

18 days ago

Advancing Two of Canada’s Largest Undeveloped Gold Projects | Daniel Wilton - First Mining Gold Corp

Read article

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