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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$90.76M which is a fall of roughly 6% over the last eight months. As of 11/06/2023 they have no debt and ~C$12.42M 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 $90.76M 11/06/2023 $-5.53M
Total Assets: $176.19M $176.05M 11/06/2023 $-0.15M
Total Liabilities: $19.74M $19.72M 11/06/2023 $-0.02M
Current Assets: $12.43M $12.42M 11/06/2023 $-0.01M
Current Liabilities: $6.58M $6.57M 11/06/2023 $-0.01M
Total Debt: $0.00M $0.00M 11/06/2023 $0.00M
Cash: $12.43M $12.42M 11/06/2023 $-0.01M
Enterprise Value: $83.86M $78.35M 06/25/1972 $-5.52M
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): $720.00M
747.75% of MCap
$720.00M
793.27% 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: 0.08
Developer: Location Risk for Production
0.08
Developer: 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
Total: $1,600 $1,600 11/06/2023 $0.00
Margin (Free Cash Flow): n/a $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
Total: n/a n/a 11/06/2023 $0.00
Margin (Free Cash Flow): n/a $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 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
11/06/2023
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 -29.93M
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 -25.44M
Maximum Profit (Gold): $1,283.50M $2,450.72M n/a $1,167.22M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,283.50M $2,450.72M n/a $1,167.22M
Max Profit / Current MCap: 13.330 27.001 n/a 13.671
Max Profit Per Share (Gold): $1.29 $2.47 n/a $1.17
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $1.29 $2.47 n/a $1.17
Total Free Profit Per Share: $1.16 $2.34 n/a $1.18
FD MCap / Gold Eq.: $28.32 $26.70 n/a $-1.63
FD MCap / Silver Eq.: $0.33 $0.34 n/a $0.01
FD MCap / Per Metal
as % Spot Price:
1.43% 1.15% n/a -0.28%
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 -59.86M
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 -45.79M
Maximum Profit (Gold): $2,310.30M $4,411.30M n/a $2,101.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,310.30M $4,411.30M n/a $2,101.00M
Max Profit / Current MCap: 23.993 48.602 n/a 24.609
Max Profit Per Share (Gold): $2.32 $4.44 n/a $2.11
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.32 $4.44 n/a $2.11
Total Free Profit Per Share: $2.19 $4.31 n/a $2.12
FD MCap / Gold Eq.: $15.73 $14.83 n/a $-0.90
FD MCap / Silver Eq.: $0.18 $0.19 n/a $0.01
FD MCap / Per Metal
as % Spot Price:
0.80% 0.64% n/a -0.16%

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 -82.31M
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 -55.33M
Maximum Profit (Gold): $2,791.61M $5,330.32M n/a $2,538.70M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,791.61M $5,330.32M n/a $2,538.70M
Max Profit / Current MCap: 28.992 58.727 n/a 29.735
Max Profit Per Share (Gold): $2.81 $5.36 n/a $2.55
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.81 $5.36 n/a $2.55
Total Free Profit Per Share: $2.68 $5.24 n/a $2.56
FD MCap / Gold Eq.: $13.02 $12.27 n/a $-0.75
FD MCap / Silver Eq.: $0.15 $0.16 n/a $0.00
FD MCap / Per Metal
as % Spot Price:
0.66% 0.53% n/a -0.13%

Future Valuation (Cash Flow & Totals)

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