Going For Gold
Stock Code:
TSX:FF | OTCQX: FFMGF | Frankfurt: FMG
Company Exposure:
Gold
Project Locations:
Ontario, Canada
First Mining is a Canadian gold developer focused on the development and permitting of the Springpole Gold Project in northwestern Ontario. Springpole is one of the largest undeveloped gold projects in Canada. A Pre-Feasibility Study was recently completed on the Project and permitting is on-going with submission of the Environmental Impact Statement targeted for 2021. The Company also holds a large equity position in Treasury Metals Inc. who are advancing the Goliath Gold Complex towards construction. First Mining’s portfolio of gold projects in eastern Canada also includes the Pickle Crow (being advanced in partnership with Auteco Minerals Ltd.), Hope Brook (being advanced in partnership with Big Ridge Gold Corp).Cameron, Duparquet, Duqusne, and Pitt gold projects.
Investment Highlights
- Advancing the Springpole Gold Project – one of few gold development projects that can produce 300,000+ ounces per year in a Tier One jurisdiction
- Pre-Feasibility Study completed with a NPV5% of US$995 million at US$1,600/oz gold(1)
- Fully funded through Feasibility and Permitting
- Exploration upside in under-explored Birch-Uchi Greenstone Belt
- Active partner-driven project portfolio providing further upside and catalysts
- Significant and growing royalty portfolio presents longer-term upside value
- Experienced and growing team in place to unlock value
- Trades at a significant discount to its peers
