Welcome to our dedicated page for First Mining news (Ticker: FFMGF), a resource for investors and traders seeking the latest updates and insights on First Mining stock.
First Mining Gold Corp (FFMGF) operates as a mineral bank and project incubator focused on strategic gold asset development across Canada. This page serves as the definitive source for official updates across all corporate activities, from exploration breakthroughs to partnership announcements.
Investors and researchers will find curated news about resource expansion at key projects like Duparquet and Springpole, plus updates on value-sharing agreements with development partners. Content spans drilling results, technical reports compliant with NI 43-101 standards, and strategic moves in asset portfolio management.
Our news collection enables efficient tracking of First Mining's unique business model – acquiring undervalued mineral rights, advancing them through systematic exploration, and securing residual interests through partnerships. Regular updates cover geoscience innovations, project milestones, and corporate developments essential for assessing long-term value creation.
Bookmark this page for real-time access to verified information about First Mining's gold exploration strategies and mineral banking progress. Check back frequently for essential updates from one of Canada's most innovative resource incubators.
First Mining Gold Corp. (TSX: FF, OTCQX: FFMGF) announced its 2021 annual general meeting (AGM) will be held virtually on June 30, 2021, at 10 a.m. (PT). Shareholders as of May 3, 2021 can vote using the provided forms. A key agenda item includes a special resolution for the distribution of shares and warrants of Treasury Metals Inc. to shareholders, following the sale of Goldlund. The distribution is viewed as a means to enhance shareholder value. Deadlines for proxy submissions are June 28, 2021.
On June 9, 2021, First Mining Gold Corp. (TSX: FF) announced that Auteco Minerals Ltd (ASX: AUT) has completed Stage 1 of its earn-in for the Pickle Crow Gold Project in Ontario, Canada, acquiring a 51% stake in PC Gold Inc. by issuing 100 million shares to First Mining, valued at approximately $10.5 million. Auteco is required to invest an additional $5 million and pay $1 million to complete Stage 2, which could increase its stake to 80%. The project is seeing active drilling, demonstrating strong progress toward resource definition and development.
First Mining Gold Corp. has completed a significant earn-in transaction with Big Ridge Gold Corp. regarding the Hope Brook Gold Project in Newfoundland, Canada. Big Ridge has acquired an 80% interest in Hope Brook by paying $500,000 and issuing 11.5 million shares of their stock, representing 19.8% of their outstanding shares. The earn-in process involves a total potential expenditure of $20 million over five years. This strategic partnership is aimed at unlocking considerable value in the highly prospective Hope Brook area.
First Mining Gold Corp. (TSX: FF) has entered an earn-in agreement with Whitefish Exploration to acquire a 100% interest in the Swain Lake property, located in Ontario. The deal involves two stages over five years, starting with a cash payment of $200,000 and share payments totaling $425,000, alongside $500,000 in expenditures within the first three years. The Swain Lake Property covers 1,640 hectares and is near First Mining's Springpole Gold Project. CEO Dan Wilton emphasized the potential of the Swain Lake Property, which has encouraging gold occurrences.
First Mining Gold Corp. has signed a definitive agreement with Big Ridge Gold Corp. for a partnership to advance the Hope Brook Gold Project in Newfoundland. Big Ridge can earn an 80% interest through a five-year, two-stage earn-in by spending $20 million, issuing shares, and providing cash payments. First Mining will retain a 1.5% net smelter returns royalty and maintain significant exposure with a 19% equity stake in Big Ridge. This collaboration aims to unlock value at Hope Brook, enhancing First Mining's project portfolio.
First Mining Gold Corp. announced that Auteco Minerals Ltd has met its Stage 1 $5 million expenditure requirement for the Pickle Crow Gold Project. This completion allows Auteco to issue 100,000,000 shares to First Mining, granting it a 51% interest in PC Gold Inc. First Mining anticipates receiving these shares by the end of April 2021. A major drill program of 45,000 meters is ongoing at Pickle Crow, with promising early results. After completing further expenditures, Auteco has the option to acquire an additional stake in PC Gold.
First Mining Gold Corp. has filed an independent Pre-Feasibility Study for its Springpole Gold Project, revealing a robust economic outlook. The study indicates a pre-tax net present value (NPV5%) of $1.5 billion at a gold price of $1,600/oz, with a 36% internal rate of return (IRR). The project is expected to produce an average of 335,000 ounces of gold annually over its 11.3-year lifespan. Estimated initial capital costs are $718 million, with a sustainable capital cost of $55 million. The report highlights probable mineral reserves of 3.8 million ounces of gold and 20.5 million ounces of silver.
First Mining Gold Corp. has signed a 3-year option agreement with Exiro Minerals Corp. to earn a 100% interest in the Swain Post property in Ontario. This property consists of 237 mining claims across nearly 5,000 hectares, located near the Springpole Gold Project. The company aims to explore this under-explored area, which is thought to host significant gold deposits, contributing potential upside to the Springpole project. Plans for regional data compilation and geophysics are set for later in the year.
First Mining Gold Corp. (FFMGF) announced promising results from the ongoing diamond drill program at its Pickle Crow Gold Project. Partner Auteco Minerals Ltd has completed 4,464 meters of drilling, revealing high-grade gold intersections, including 99.35 g/t Au over 0.6 m in hole AUDD0017. With 45,000 meters planned, the program aims to enhance resource growth. A third drill rig will be introduced soon, while additional high-grade targets have been identified, indicating significant resource expansion potential as drilling continues.
First Mining Gold Corp. has released an update regarding its Springpole Gold Project in Ontario, focusing on the progress of its Pre-Feasibility Study (PFS) and environmental assessments. Conducted by various consulting firms, the PFS aims to optimize project scope and mitigate environmental risks while enhancing economic viability. The company is nearing completion of essential trade-off studies and CAPEX/OPEX estimates. Additionally, drilling programs have advanced significantly, and the company is engaged in extensive environmental baseline data collection. The PFS is expected to be delivered in Q1 2021.
