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Symbol Data
Symbol
Currency
TSE:FF
CAD
OTCMKTS:FFMGF
USD
Description
First Mining Gold are a gold focused junior, late stage developer with three mines in development in Canada and two exploration properties. They have approximately 11Moz. of gold in the reserves and resources category of which 8Moz. are in the measured and indicated category. They have a market capitalisation of ~C$105.8M which is a rise of roughly 10% over the last six months. As of 11/06/2023 they have no debt and ~C$12.48M cash. They have 869M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.
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General Details
Financial
11/06/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
MCap (FD):
$96.29M
$105.80M
11/06/2023
$9.52M
Total Assets:
$176.19M
$176.92M
11/06/2023
$0.72M
Total Liabilities:
$19.74M
$19.82M
11/06/2023
$0.08M
Current Assets:
$12.43M
$12.48M
11/06/2023
$0.05M
Current Liabilities:
$6.58M
$6.61M
11/06/2023
$0.03M
Total Debt:
$0.00M
$0.00M
11/06/2023
$0.00M
Cash:
$12.43M
$12.48M
11/06/2023
$0.05M
Enterprise Value:
$83.86M
$93.33M
12/15/1972
$9.46M
Cash Flow:
$0.00M
$0.00M
never
$0.00M
Cash Flow Multiple:
0.00
0.00
never
0.00
Net Debt to Cash Flow Ratio:
n/a
n/a
never
0.00
Finance within 1 year:
Yes
Yes
11/06/2023
n/a
Misc
11/06/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Shares Outstanding:
869,000,000
869,000,000
11/06/2023
0
Shares (FD):
994,000,000
994,000,000
11/06/2023
0
Insider Ownership:
n/a
n/a
never
n/a
Dividend (Annual):
n/a
n/a
never
n/a
Company Type:
Mostly Gold
Mostly Gold
never
n/a
Production ETA:
n/a
01/01/2028
11/06/2023
n/a
Production (Gold Eq Oz.):
(guess) 0
(guess) 0
11/06/2023
0
Production (Silver Eq Oz.) :
(guess) 0
(guess) 0
11/06/2023
0
Initial CapEx (Outstanding):
$720.00M747.75% of MCap
$720.00M680.5% of MCap
11/06/2023
$0.00M
Funding Option:
n/a
n/a
11/06/2023
n/a
Documentation:
none
PFS
11/19/2023
n/a
Future MCap Modifier:
0.08Developer: Location Risk for Production
0.08Developer: Location Risk for Production
04/24/2023
0
Cash Flow Multiplier:
3
3
04/18/2023
0.00
Resource Data
GOLD
11/06/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
4.00M
4.00M
11/06/2023
0.00M
Measured & Indicated:
8.00M
8.00M
11/06/2023
0.00M
Inferred:
3.00M
3.00M
11/06/2023
0.00M
Reserves & Resources:
11.00M
11.00M
never
0.00M
P L A U S I B L E
Proven & Probable:
3.40M
3.40M
11/06/2023
0.00M
Measured & Indicated:
6.12M
6.12M
11/06/2023
0.00M
Inferred:
1.28M
1.28M
11/06/2023
0.00M
Reserves & Resources:
7.40M
7.40M
never
0.00M
C U R R E N T
Annual Production:
n/a
n/a
0oz.
Cash Cost:
n/a
n/a
11/06/2023
$0.00
Extra Operating Cost:
n/a
n/a
11/06/2023
$0.00
G R A D E
Underground (Avg):
1.30 g/t
n/a
11/06/2023
n/a
Open Pit (Avg):
n/a
1.30 g/t
11/06/2023
1.30 g/t
Recovery Rate:
(CG) 85.00%
(CG) 85.00%
11/19/2023
0.00%
F U T U R E
Proven & Probable:
8.00M
8.00M
11/06/2023
0.00M
Annual Production:
350,000oz.
350,000oz.
11/06/2023
0oz.
Cash Cost:
$1,100
$1,100
11/06/2023
$0
Extra Operating Cost:
$500
$500
11/06/2023
$0
SILVER
11/06/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
O U N C E S
T O T A L
Proven & Probable:
n/a
n/a
11/06/2023
0.00M
Measured & Indicated:
n/a
n/a
11/06/2023
0.00M
Inferred:
n/a
n/a
11/06/2023
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
P L A U S I B L E
Proven & Probable:
n/a
n/a
11/06/2023
0.00M
Measured & Indicated:
n/a
n/a
11/06/2023
0.00M
Inferred:
n/a
n/a
11/06/2023
0.00M
Reserves & Resources:
n/a
n/a
never
0.00M
C U R R E N T
Annual Production:
n/a
n/a
0oz.
Cash Cost:
n/a
n/a
11/06/2023
$0.00
Extra Operating Cost:
n/a
n/a
11/06/2023
$0.00
G R A D E
Underground (Avg):
n/a
n/a
11/06/2023
n/a
Open Pit (Avg):
n/a
n/a
11/06/2023
n/a
Recovery Rate:
n/a
n/a
11/06/2023
0.00%
F U T U R E
Proven & Probable:
n/a
n/a
11/06/2023
0.00M
Annual Production:
n/a
n/a
11/06/2023
n/a
Cash Cost:
n/a
n/a
11/06/2023
n/a
Extra Operating Cost:
n/a
n/a
11/06/2023
n/a
Property
Last Analysis Data (11/06/2023)
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Newfoundland , Canada
Hope Brook
20% (guess)
25,000
Both
show
PEA coming out in 2014.
1.3 million oz deposit at 2 gpt. Mostly open pit.
Incredibly cheap. About $2 per oz.
JV with Big Ridge
Development
Ontario , Canada
Pickle Crow
20%
4,000
Both
show
High grade project in ideal location with low capex. They need a feasibility study and financing.
JV with Auteco
Development
Ontario , Canada
Springpole
100%
30,000
Open Pit
show
5 million oz gold deposit (1 gpt)
25 million oz silver deposit (4 gpt)
PEA in 2013 for 215,000 oz gold, plus 1.2 million oz silver.
Capex $438 million.
Gold Equivalent cash-costs at $650.
IRR of 25% pretax at $1300 gold.
Exploration
Ontario , Canada
Cameron
100% (guess)
n/a
n/a
show
1.2 million oz.
Exploration
Quebec , Canada
Duquesne, Duparquet, Pit
100%
n/a
n/a
show
PEA in 2023
233K oz year at $975 AISC
$500M Capex
Total Land Package Size (ha):
59,000
Current Data
Stage
Location
Name
Owned
Size (Ha)
Type
Au
Ag
Cu
Notes
Development
Newfoundland , Canada
Hope Brook
20% (guess)
25,000
Both
show
PEA coming out in 2014.
1.3 million oz deposit at 2 gpt. Mostly open pit.
Incredibly cheap. About $2 per oz.
JV with Big Ridge
Development
Ontario , Canada
Pickle Crow
20%
4,000
Both
show
High grade project in ideal location with low capex. They need a feasibility study and financing.
JV with Auteco
Development
Ontario , Canada
Springpole
100%
30,000
Open Pit
show
5 million oz gold deposit (1 gpt)
25 million oz silver deposit (4 gpt)
PEA in 2013 for 215,000 oz gold, plus 1.2 million oz silver.
Capex $438 million.
Gold Equivalent cash-costs at $650.
IRR of 25% pretax at $1300 gold.
Exploration
Ontario , Canada
Cameron
100% (guess)
n/a
n/a
show
1.2 million oz.
Exploration
Quebec , Canada
Duquesne, Duparquet, Pit
100%
n/a
n/a
show
PEA in 2023
233K oz year at $975 AISC
$500M Capex
Total Land Package Size (ha):
59,000
Profitability (by resource)
Proven & Probable
11/06/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
4.00M
4.00M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-22.41M
P L A U S I B L E
Gold Eq. Oz.:
3.40M
3.40M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-19.05M
Maximum Profit (Gold):
$1,283.50M
$2,647.92M
n/a
$1,364.42M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$1,283.50M
$2,647.92M
n/a
$1,364.42M
Max Profit / Current MCap:
13.330
25.026
n/a
11.697
Max Profit Per Share (Gold):
$1.29
$2.66
n/a
$1.37
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$1.29
$2.66
n/a
$1.37
Total Free Profit Per Share:
$1.16
$2.52
n/a
$1.36
FD MCap / Gold Eq.:
$28.32
$31.12
n/a
$2.80
FD MCap / Silver Eq.:
$0.33
$0.39
n/a
$0.06
FD MCap / Per Metal as % Spot Price:
1.43%
1.31%
n/a
-0.12%
Measured & Indicated
11/06/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
8.00M
8.00M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-44.83M
P L A U S I B L E
Gold Eq. Oz.:
6.12M
6.12M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-34.29M
Maximum Profit (Gold):
$2,310.30M
$4,766.26M
n/a
$2,455.96M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$2,310.30M
$4,766.26M
n/a
$2,455.96M
Max Profit / Current MCap:
23.993
45.048
n/a
21.054
Max Profit Per Share (Gold):
$2.32
$4.80
n/a
$2.47
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$2.32
$4.80
n/a
$2.47
Total Free Profit Per Share:
$2.19
$4.65
n/a
$2.46
FD MCap / Gold Eq.:
$15.73
$17.29
n/a
$1.55
FD MCap / Silver Eq.:
$0.18
$0.22
n/a
$0.03
FD MCap / Per Metal as % Spot Price:
0.80%
0.73%
n/a
-0.07%
Reserves & Resources
11/06/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Percentage Gold:
100.00%
100.00%
n/a
0.00%
Percentage Silver:
n/a
n/a
n/a
0.00%
Total (Gold Eq. Oz.):
11.00M
11.00M
n/a
0.00M
Total (Silver Eq. Oz.):
n/a
n/a
n/a
-61.63M
P L A U S I B L E
Gold Eq. Oz.:
7.40M
7.40M
n/a
0.00M
Silver Eq. Oz.:
n/a
n/a
n/a
-41.44M
Maximum Profit (Gold):
$2,791.61M
$5,759.23M
n/a
$2,967.61M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$2,791.61M
$5,759.23M
n/a
$2,967.61M
Max Profit / Current MCap:
28.992
54.433
n/a
25.441
Max Profit Per Share (Gold):
$2.81
$5.79
n/a
$2.99
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$2.81
$5.79
n/a
$2.99
Total Free Profit Per Share:
$2.68
$5.65
n/a
$2.97
FD MCap / Gold Eq.:
$13.02
$14.31
n/a
$1.29
FD MCap / Silver Eq.:
$0.15
$0.18
n/a
$0.03
FD MCap / Per Metal as % Spot Price:
0.66%
0.60%
n/a
-0.06%
Future Valuation (Cash Flow & Totals)
Defaults
Defaults
11/06/2023 Last Analysis Data
Current Data
Change
Item
Value
Value
Updated
Value
Exchange Rates:
CAD 0.7311
CAD 0.7341
05/16/2024
Spot Gold:
$1,977.50
$2,378.80
05/16/2024
$401.30
Spot Silver:
$23.01
$29.61
05/16/2024
$6.60
Gold:Silver Ratio:
85.94
80.34
05/16/2024
-5.60
Spot Gold (Future):
$3,000.00
$3,000.00
$0.00
Spot Silver (Future):
$100.00
$100.00
$0.00
Gold:Silver Ratio (Future):
30.00
30.00
0.00
Gold Avg. Recovery Rate:
75.00%
75.00%
0.00%
Silver Avg. Recovery Rate:
75.00%
75.00%
0.00%
Plausibility of P & P:
100.00%
100.00%
0.00%
Plausibility of M & I:
80.00%
80.00%
0.00%
Plausibility of Inferred:
50.00%
50.00%
0.00%
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