Research analysts covering First Mining Gold.
Recent press releases and 8-K filings for FFMGF.
First Mining Gold Corp. Announces Pickle Crow Gold Project Joint Venture Transaction
FFMGF
M&A
New Projects/Investments
- First Mining Gold Corp.'s joint-venture partner, FireFly Metals Ltd, is selling its 70% interest in PC Gold Inc., which holds the Pickle Crow Gold Project, to Bellavista Resources Limited.
- The transaction involves 60 million Bellavista shares valued at A$45 million and A$37.5 million in Bellavista performance rights to be distributed to FireFly shareholders.
- Bellavista is seeking to raise A$25 million at a price of A$0.75 per Bellavista share through a concurrent financing.
- The transaction is expected to close in Q2 2026, and Bellavista intends to exercise a buydown right to increase its ownership to 80% of the Project by paying First Mining C$3 million in cash.
- Upon the exercise of the buydown right, First Mining's ownership interest in PC Gold will be reduced from 30% to 20%, and its interest will be free carried to a decision to mine.
4 days ago
First Mining Gold Corp. Reports Recent Capital Raises and Silver Stream Payment
FFMGF
New Projects/Investments
- First Mining Gold Corp. received a final payment of US$5 million from First Majestic Silver Corp. on March 28, 2025, related to the silver stream over its Springpole Gold Project, and amended the terms of 32,050,228 warrants.
- The company completed an offering on July 22, 2025, issuing 66,670,000 Units at C$0.18 per Unit for aggregate gross proceeds of C$12,000,600.
- On August 5, 2025, First Mining closed a non-brokered private placement, raising aggregate gross proceeds of $24,437,000 through the issuance of HD Units and FT Units.
- The proceeds from these capital raises are intended to advance the Springpole and Duparquet gold projects and for general working capital.
Jan 23, 2026, 7:07 PM
First Mining Gold Corp. Releases Positive Pre-Feasibility Study for Springpole Gold Project
FFMGF
New Projects/Investments
Guidance Update
- The Springpole Gold Project's Pre-Feasibility Study, dated December 1, 2025, indicates a post-tax Net Present Value (NPV) at a 5% discount rate of US$2,150 million, an Internal Rate of Return (IRR) of 40.9%, and a payback period of 1.8 years.
- The project's Probable Mineral Reserves are estimated at 102.0 million tonnes grading 0.94 g/t gold and 4.90 g/t silver, containing 3.1 million ounces of gold and 16.1 million ounces of silver as of November 13, 2025.
- The 9.4-year mine life project has an estimated initial capital cost of US$1,104 million and an all-in sustaining cost (AISC) of US$937.9 per ounce of gold over the life of mine.
- The Springpole Gold Project is wholly-owned by First Mining Gold Corp. through its subsidiary Gold Canyon Resources and is located 110 km northeast of Red Lake, Ontario, Canada.
Dec 29, 2025, 11:41 AM
First Mining Gold Files Pre-Feasibility Study for Springpole Project
FFMGF
New Projects/Investments
- First Mining Gold Corp. has filed a Pre-Feasibility Study (PFS) technical report for its 100%-owned Springpole Gold Project in Ontario, Canada, with an effective date of December 1, 2025.
- The 2025 PFS indicates an after-tax net present value (NPV 5%) of US$2.1 billion and an after-tax internal rate of return (IRR) of 41% at a gold price of US$3,100/oz.
- The project's initial capital costs are estimated at US$1,104 million, with a 9.4-year life of mine and average annual payable gold production of 281 koz per year.
- The PFS supports a 30,000 tonnes-per-day open pit mining operation.
Dec 23, 2025, 1:42 PM
First Mining Gold Corp. Releases Preliminary Economic Assessment for Duparquet Gold Project
FFMGF
New Projects/Investments
M&A
Guidance Update
- First Mining Gold Corp. completed the acquisition of 100% ownership of the Duparquet Project on September 15, 2022.
- The Preliminary Economic Assessment (PEA) for the Duparquet Gold Project reports a total potential Indicated Mineral Resource of 69,022,700 tonnes at 1.55 g/t Au for 3,432,100 ounces, and a total potential Inferred Mineral Resource of 50,822,000 tonnes at 1.62 g/t Au for 2,640,500 ounces.
- The project is projected to yield 2.5 million ounces of gold production over an 11-year Life of Mine, with an annual average payable production of 224 thousand ounces, based on a gold price of $1,650 USD per ounce and an 89.5% process recovery.
- The estimated initial capital expenditure (CAPEX) for the project is CAD 706 million.
Dec 22, 2025, 7:33 PM
First Mining Gold Corp. Receives C$6.4 Million from Warrants Exercise
FFMGF
New Projects/Investments
- First Mining Gold Corp. announced on December 16, 2025, that it received C$6,410,045 in proceeds from the exercise of warrants by First Majestic Silver Corp..
- First Majestic Silver Corp. exercised 32,050,228 common share purchase warrants at a price of $0.20 per warrant.
- The company intends to use these proceeds to advance its Springpole and Duparquet gold projects, as well as for general working capital and corporate purposes.
- Following the exercise, First Majestic's ownership in First Mining increased to 3.5% of the total common shares outstanding, representing 47,379,944 common shares.
Dec 16, 2025, 3:18 PM
First Mining Gold Corp. Announces Sale of Cameron Gold Project Subsidiary
FFMGF
M&A
New Projects/Investments
- First Mining Gold Corp. has entered into an agreement to sell its wholly-owned subsidiary, Cameron Gold Operations Ltd., which owns the Cameron Gold Project, to Oronova Energy Inc..
- The total consideration for the transaction is C$27,000,000, comprising C$5,000,000 in cash, 80,000,000 common shares of Oronova (at a deemed value of C$0.25 per share), and a future cash payment of at least C$2,000,000.
- Following the closing, Oronova will be renamed Seva Mining Corp., and First Mining is expected to become its largest shareholder, owning approximately 48% of Seva.
- The transaction is anticipated to close in Q1 2026.
Nov 20, 2025, 1:25 PM
First Mining Gold Corp. Announces Updated Pre-Feasibility Study for Springpole Gold Project
FFMGF
New Projects/Investments
Guidance Update
- First Mining Gold Corp. announced positive results from an updated Pre-Feasibility Study (PFS) for its Springpole Gold Project, dated November 18, 2025, reporting a pre-tax Net Present Value (NPV) 5% of US$3.2 billion and an after-tax NPV 5% of US$2.1 billion at a gold price of US$3,100/oz. The corresponding pre-tax and after-tax Internal Rates of Return (IRR) are 54% and 41%, respectively.
- The project is projected to have an average annual payable gold production of 330 koz in Years 1 to 5, with All-In Sustaining Costs (AISC) of US$877/oz for the same period.
- Initial capital costs are estimated at US$1,104 million, with a life of mine of 9.4 years and an after-tax payback period of 1.8 years.
- The updated mineral resource model, effective September 30, 2025, shows a 154% increase in contained gold ounces in the Inferred Resource category compared to the previous 2021 PFS.
Nov 18, 2025, 12:45 PM
First Mining Gold Corp. Announces Q3 2025 Financial Results and Operating Highlights
FFMGF
Earnings
New Projects/Investments
Management Change
- First Mining Gold Corp. reported a cash and marketable securities balance of $37.6 million as of September 30, 2025.
- The company completed public and non-brokered offerings, raising $36,437,600 in total gross proceeds.
- First Mining sold its remaining 20% interest in the Hope Brook Gold Project for $3 million in cash and 7 million common shares of Big Ridge.
- Operational highlights include signing a Long-Term Relationship Agreement for the Springpole Gold Project and announcing positive drilling results from the 2025 exploration program at the Duparquet Gold Project.
- Lisa Peterson will resume her role as Chief Financial Officer on November 14, 2025, and Vincy Benjamin will join as Director of Projects on November 24, 2025.
Nov 13, 2025, 2:04 PM
First Mining Gold Corp. Reports Q3 2025 Financials and Project Advancements
FFMGF
Earnings
New Projects/Investments
Management Change
- First Mining Gold Corp. reported a net loss of $46,356 thousand for the nine months ended September 30, 2025, but significantly improved its liquidity with cash and cash equivalents rising to $35,720 thousand and working capital to $27,446 thousand as of September 30, 2025.
- The company successfully raised substantial capital through an upsized non-brokered offering of $24,437,000 on August 5, 2025, and an upsized public offering of $12,000,600 on July 22, 2025.
- Significant project advancements include the submission of the final Environmental Impact Statement/Environmental Assessment for the Springpole Gold Project on November 5, 2024, and ongoing exploration success at the Duparquet Gold Project, including new discoveries and expanded mineralization throughout 2025.
- The company divested its remaining 20% interest in the Hope Brook Gold Project on July 31, 2025, receiving $3 million in cash and 7 million common shares of Big Ridge.
- Lisa Peterson, CPA, CA, is set to resume her role as the Company’s Chief Financial Officer on November 14, 2025.
Nov 13, 2025, 11:06 AM
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