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First Mining Gold

www: firstmininggold.com   email: info@firstmininggold.com
Category: Junior: Late Stage Developer
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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$117.34M which is a fall of roughly 7% over the last two months. As of 11/11/2024 they have no debt and ~C$12.49M cash. They have 1,081M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 11/11/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
MCap (FD): $126.14M $117.34M 11/11/2024
Total Assets: $173.09M $167.20M 11/11/2024
Total Liabilities: $19.39M $18.73M 11/11/2024
Current Assets: $12.93M $12.49M 11/11/2024
Current Liabilities: $6.46M $6.24M 11/11/2024
Total Debt: $0.00M $0.00M 11/11/2024
Cash: $12.93M $12.49M 11/11/2024
Enterprise Value: $113.22M $104.85M 04/28/1973
Cash Flow: $0.00M $0.00M never
Cash Flow Multiple: 0.00 0.00 never
Net Debt to
Cash Flow Ratio:		 n/a n/a never
Finance within 1 year: Yes Yes 11/11/2024
Misc 11/11/2024
Last
Analysis
Data
Current Data
Item Value Value Updated
Shares Outstanding: 1,081,000,000 1,081,000,000 11/11/2024
Shares (FD): 1,301,000,000 1,301,000,000 11/11/2024
Insider Ownership: n/a n/a never
Dividend (Annual): n/a n/a never
Company Type: Mostly Gold Mostly Gold never
Production ETA: n/a 01/01/2028 11/11/2024
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 11/11/2024
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 11/11/2024
Initial CapEx (Outstanding): $720.00M
570.77% of MCap		 $720.00M
613.6% of MCap 		11/11/2024
Funding Option: n/a n/a 11/11/2024
Documentation: none PFS 11/11/2024
Future MCap Modifier: 0.08
Developer: Location Risk for Production
 0.08
Developer: Location Risk for Production
 04/24/2023
Cash Flow Multiplier: 3 3 04/18/2023

Resource Data

GOLD 11/11/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: 4.00M 4.00M 11/11/2024
Measured & Indicated: 8.00M 8.00M 11/11/2024
Inferred: 3.00M 3.00M 11/11/2024
Reserves & Resources: 11.00M 11.00M never
P
L
A
U
S
I
B
L
E		 Proven & Probable: 3.40M 3.40M 11/11/2024
Measured & Indicated: 6.12M 6.12M 11/11/2024
Inferred: 1.28M 1.28M 11/11/2024
Reserves & Resources: 7.40M 7.40M never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 11/11/2024
Extra Operating Cost: n/a n/a 11/11/2024
Total: $1,600 $1,600 11/11/2024
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 11/11/2024
Open Pit (Avg): n/a 1.30 g/t 11/06/2023
Recovery Rate: (CG)  85.00% (CG)  85.00% 11/11/2024
F
U
T
U
R
E		 Proven & Probable: 8.00M 8.00M 11/11/2024
Annual Production: 350,000oz. 350,000oz. 11/11/2024
Cash Cost: $1,100 $1,100 11/11/2024
Extra Operating Cost: $500 $500 11/11/2024
SILVER 11/11/2024
Last Analysis Data
Current Data
Item Value Value Updated
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 11/11/2024
Measured & Indicated: n/a n/a 11/11/2024
Inferred: n/a n/a 11/11/2024
Reserves & Resources: n/a n/a never
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 11/11/2024
Measured & Indicated: n/a n/a 11/11/2024
Inferred: n/a n/a 11/11/2024
Reserves & Resources: n/a n/a never
C
U
R
R
E
N
T		 Annual Production: n/a n/a
Cash Cost: n/a n/a 11/11/2024
Extra Operating Cost: n/a n/a 11/11/2024
Total: n/a n/a 11/11/2024
Margin (Free Cash Flow): n/a
G
R
A
D
E		 Underground (Avg): n/a n/a 11/11/2024
Open Pit (Avg): n/a n/a 11/06/2023
Recovery Rate: n/a n/a 11/11/2024
F
U
T
U
R
E		 Proven & Probable: n/a n/a 11/11/2024
Annual Production: n/a n/a 11/11/2024
Cash Cost: n/a n/a 11/11/2024
Extra Operating Cost: n/a n/a 11/11/2024

Property

Last Analysis Data  (11/11/2024)
Stage Name Owned Au Ag Cu Notes
Dev Hope Brook 20% 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
Dev Pickle Crow 20% show
High grade project in ideal location with low capex. They need a feasibility study and financing.

JV with Auteco
Dev Springpole 100% 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.
Exp Cameron 100% show
1.2 million oz.
Exp Duquesne, Duparquet, Pit 100% show
PEA in 2023

233K oz year at $975 AISC
$500M Capex
Total Land Package Size (ha): 59,000  
Current Data
Stage Name Owned Au Ag Cu Notes
Dev Hope Brook 20% 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
Dev Pickle Crow 20% show
High grade project in ideal location with low capex. They need a feasibility study and financing.

JV with Auteco
Dev Springpole 100% 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.
Exp Cameron 100% show
1.2 million oz.
Exp Duquesne, Duparquet, Pit 100% show
PEA in 2023

233K oz year at $975 AISC
$500M Capex
Total Land Package Size (ha): 59,000  

Profitability (by resource)

Proven &
Probable		 11/11/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 4.00M 4.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 3.40M 3.40M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $3,639.70M $3,921.90M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $3,639.70M $3,921.90M n/a
Max Profit / Current MCap: 28.853 33.423 n/a
Max Profit Per Share (Gold): $2.80 $3.01 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $2.80 $3.01 n/a
Total Free Profit Per Share: $2.66 $2.88 n/a
FD MCap / Gold Eq.: $37.10 $34.51 n/a
FD MCap / Silver Eq.: $0.43 $0.39 n/a
FD MCap / Per Metal
as % Spot Price:		 1.39% 1.25% n/a
Measured &
Indicated		 11/11/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 8.00M 8.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 6.12M 6.12M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $6,551.46M $7,059.42M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $6,551.46M $7,059.42M n/a
Max Profit / Current MCap: 51.936 60.162 n/a
Max Profit Per Share (Gold): $5.04 $5.43 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $5.04 $5.43 n/a
Total Free Profit Per Share: $4.90 $5.30 n/a
FD MCap / Gold Eq.: $20.61 $19.17 n/a
FD MCap / Silver Eq.: $0.24 $0.21 n/a
FD MCap / Per Metal
as % Spot Price:		 0.77% 0.70% n/a

Reserves &
Resources		 11/11/2024
Last Analysis Data
Current Data
Item Value Value Updated
Percentage Gold: 100.00% 100.00% n/a
Percentage Silver: n/a n/a n/a
Total (Gold Eq. Oz.): 11.00M 11.00M n/a
Total (Silver Eq. Oz.): n/a n/a n/a
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 7.40M 7.40M n/a
Silver Eq. Oz.: n/a n/a n/a
Maximum Profit (Gold): $7,916.35M $8,530.13M n/a
Maximum Profit (Silver): n/a n/a n/a
Total Maximum Profit: $7,916.35M $8,530.13M n/a
Max Profit / Current MCap: 62.756 72.695 n/a
Max Profit Per Share (Gold): $6.08 $6.56 n/a
Max Profit Per Share (Silver): n/a n/a n/a
Total Max Profit Per Share: $6.08 $6.56 n/a
Total Free Profit Per Share: $5.95 $6.43 n/a
FD MCap / Gold Eq.: $17.06 $15.87 n/a
FD MCap / Silver Eq.: $0.20 $0.18 n/a
FD MCap / Per Metal
as % Spot Price:		 0.64% 0.58% n/a

Future Valuation (Cash Flow & Totals)

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