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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$88.03M which is a fall of roughly 9% over the last five months. As of 11/06/2023 they have no debt and ~C$12.55M 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
$88.03M
11/06/2023
$-8.26M
Total Assets:
$176.19M
$177.86M
11/06/2023
$1.67M
Total Liabilities:
$19.74M
$19.93M
11/06/2023
$0.19M
Current Assets:
$12.43M
$12.55M
11/06/2023
$0.12M
Current Liabilities:
$6.58M
$6.64M
11/06/2023
$0.06M
Total Debt:
$0.00M
$0.00M
11/06/2023
$0.00M
Cash:
$12.43M
$12.55M
11/06/2023
$0.12M
Enterprise Value:
$83.86M
$75.48M
05/23/1972
$-8.38M
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
$720.00M817.9% 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
14.52M
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
12.34M
Maximum Profit (Gold):
$1,283.50M
$2,149.14M
n/a
$865.64M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$1,283.50M
$2,149.14M
n/a
$865.64M
Max Profit / Current MCap:
13.330
24.414
n/a
11.084
Max Profit Per Share (Gold):
$1.29
$2.16
n/a
$0.87
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$1.29
$2.16
n/a
$0.87
Total Free Profit Per Share:
$1.16
$2.04
n/a
$0.88
FD MCap / Gold Eq.:
$28.32
$25.89
n/a
$-2.43
FD MCap / Silver Eq.:
$0.33
$0.29
n/a
$-0.04
FD MCap / Per Metal as % Spot Price:
1.43%
1.16%
n/a
-0.27%
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
29.04M
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
22.21M
Maximum Profit (Gold):
$2,310.30M
$3,868.45M
n/a
$1,558.15M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$2,310.30M
$3,868.45M
n/a
$1,558.15M
Max Profit / Current MCap:
23.993
43.945
n/a
19.951
Max Profit Per Share (Gold):
$2.32
$3.89
n/a
$1.57
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$2.32
$3.89
n/a
$1.57
Total Free Profit Per Share:
$2.19
$3.77
n/a
$1.58
FD MCap / Gold Eq.:
$15.73
$14.38
n/a
$-1.35
FD MCap / Silver Eq.:
$0.18
$0.16
n/a
$-0.02
FD MCap / Per Metal as % Spot Price:
0.80%
0.64%
n/a
-0.15%
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
39.93M
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
26.84M
Maximum Profit (Gold):
$2,791.61M
$4,674.38M
n/a
$1,882.77M
Maximum Profit (Silver):
n/a
n/a
n/a
$0.00M
Total Maximum Profit:
$2,791.61M
$4,674.38M
n/a
$1,882.77M
Max Profit / Current MCap:
28.992
53.100
n/a
24.108
Max Profit Per Share (Gold):
$2.81
$4.70
n/a
$1.89
Max Profit Per Share (Silver):
n/a
n/a
n/a
$0.00
Total Max Profit Per Share:
$2.81
$4.70
n/a
$1.89
Total Free Profit Per Share:
$2.68
$4.58
n/a
$1.91
FD MCap / Gold Eq.:
$13.02
$11.90
n/a
$-1.12
FD MCap / Silver Eq.:
$0.15
$0.13
n/a
$-0.02
FD MCap / Per Metal as % Spot Price:
0.66%
0.53%
n/a
-0.13%
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 0.7380
03/29/2024
Spot Gold:
$1,977.50
$2,232.10
03/29/2024
$254.60
Spot Silver:
$23.01
$24.92
03/29/2024
$1.91
Gold:Silver Ratio:
85.94
89.57
03/29/2024
3.63
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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