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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
OTCMKTS:FFMGF USD
TSE:FF CAD

Description

First Mining Gold are a gold focused junior, late stage development company with three mines in development in Canada and exploration properties. They have approximately 7Moz. of gold in the reserves and resources category of which 5Moz. are in the measured and indicated category. They have a market capitalisation of ~C$152.44M which is a fall of roughly 30% over the last nine months. As of 11/16/2021 they have no debt and ~C$24M cash. They have 700M shares outstanding and trade on the Toronto Stock Exchange and the over-the-counter markets.

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General Details

Financial 11/16/2021
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Mkt. Cap (FD): $217.52M $152.44M 11/16/2021 $-65.09M
Total Assets: $227.63M $220.61M 11/16/2021 $-7.02M
Total Liabilities: $4.79M $4.64M 11/16/2021 $-0.15M
Current Assets: $31.95M $30.96M 11/16/2021 $-0.99M
Current Liabilities: $3.19M $3.10M 11/16/2021 $-0.10M
Total Debt: $0.00M $0.00M 11/16/2021 $0.00M
Cash: $24.76M $24.00M 11/16/2021 $-0.76M
Enterprise Value: $192.77M $128.44M 01/26/1974 $-64.33M
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 11/16/2021 n/a
Tax Rate: (guess)  30.00% (default)  30.00% 11/16/2021 0.00%
Misc 11/16/2021
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 700,000,000 700,000,000 11/16/2021 0
Shares (FD): 838,000,000 838,000,000 11/16/2021 0
Insider Ownership: n/a n/a never n/a
Company Type: Mostly Gold Mostly Gold never n/a
Production ETA: n/a 01/01/2024 11/16/2021 n/a
Production (Gold Eq Oz.): (guess) 
0		 (guess) 
0		 11/16/2021 0
Production (Silver Eq Oz.): (guess) 
0		 (guess) 
0		 11/16/2021 0
Initial CapEx (Outstanding): $720.00M
331% of Mkt.Cap		 $720.00M
472.33% of Mkt.Cap 		11/16/2021 $0.00M
Funding Option: n/a n/a 11/16/2021 n/a
Documentation: none PEA 11/16/2021 n/a
Value Adjustment: 10% 10% never 0%

Resource Data

GOLD 11/16/2021
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 11/16/2021 0.00M
Measured & Indicated: 5.00M 5.00M 11/16/2021 0.00M
Inferred: 2.00M 2.00M 11/16/2021 0.00M
Reserves & Resources: 7.00M 7.00M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: 3.40M 3.40M 11/16/2021 0.00M
Measured & Indicated: 4.08M 4.08M 11/16/2021 0.00M
Inferred: 0.85M 0.85M 11/16/2021 0.00M
Reserves & Resources: 4.93M 4.93M never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 11/16/2021 $0.00
Extra Operating Cost: n/a n/a 11/16/2021 $0.00
Average Grade: 1.30 g/t 1.30 g/t 11/16/2021 n/a
Recovery Rate: (CG)  85.00% (CG)  85.00% 11/16/2021 0.00%
F
U
T
U
R
E		 Proven & Probable: 5.00M 5.00M 11/16/2021 0.00M
Annual Production: 350,000oz. 350,000oz. 11/16/2021 0oz.
Cash Cost: $700 $700 11/16/2021 $0
Extra Operating Cost: $450 $450 11/16/2021 $0
SILVER 11/16/2021
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 11/16/2021 0.00M
Measured & Indicated: n/a n/a 11/16/2021 0.00M
Inferred: n/a n/a 11/16/2021 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 11/16/2021 0.00M
Measured & Indicated: n/a n/a 11/16/2021 0.00M
Inferred: n/a n/a 11/16/2021 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 11/16/2021 $0.00
Extra Operating Cost: n/a n/a 11/16/2021 $0.00
Average Grade: n/a n/a 11/16/2021 n/a
Recovery Rate: n/a n/a 11/16/2021 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 11/16/2021 0.00M
Annual Production: n/a n/a 11/16/2021 n/a
Cash Cost: n/a n/a 11/16/2021 n/a
Extra Operating Cost: n/a n/a 11/16/2021 n/a

Property

Last Analysis Data  (11/16/2021)
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Exploration Burkina Faso Bougou I 100% n/a n/a n/a
Exploration Africa, Burkina Faso Liki 100% (guess) 18,000 Open Pit n/a
Exploration Ouagadougou, Burkina Faso Midebdo 100% 5,100 Open Pit n/a
Exploration Fada N'gourma, Burkina Faso Nakoambouri and Gonaba-Est 0% n/a n/a n/a
Exploration Ouagadougou, Burkina Faso Ouaraba 100% n/a n/a n/a
Exploration Africa, Burkina Faso Ouavousse 100% 16,600 Open Pit n/a
Exploration Ouagadougou, Burkina Faso Rima 100% 25,000 Open Pit n/a
Exploration Ronguen, Burkina Faso Salbo 100% 14,600 Open Pit n/a
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 Winnipeg, Canada Cat Lake 100% n/a n/a n/a
Exploration Quebec, Canada Duquesne, Duparquet, Pit 100% n/a n/a show
Early exploration.

400,000 oz at 4 gpt.
Exploration Favourable Lake, On, Canada Favourable Lake 40% n/a n/a n/a
Exploration Ontario, Canada Goldlund 100% (guess) n/a n/a show
2.2 million oz.
Exploration Birch Lake, On, Canada Horseshoe Island 100% n/a n/a n/a
Exploration Mexico, Mexico Mexico 100% (guess) n/a n/a show
17 projects in Mexico.
Exploration Cordero, Nv, USA Cordero 100% n/a n/a n/a
Exploration Missouri, USA Kratz Spring 100% n/a n/a n/a
Total Land Package Size (ha): 138,300  
Current Data
Stage Location Name Owned Size (Ha) Type Au Ag Cu Notes
Exploration Burkina Faso Bougou I 100% n/a n/a n/a
Exploration Africa, Burkina Faso Liki 100% (guess) 18,000 Open Pit n/a
Exploration Ouagadougou, Burkina Faso Midebdo 100% 5,100 Open Pit n/a
Exploration Fada N'gourma, Burkina Faso Nakoambouri and Gonaba-Est 0% n/a n/a n/a
Exploration Ouagadougou, Burkina Faso Ouaraba 100% n/a n/a n/a
Exploration Africa, Burkina Faso Ouavousse 100% 16,600 Open Pit n/a
Exploration Ouagadougou, Burkina Faso Rima 100% 25,000 Open Pit n/a
Exploration Ronguen, Burkina Faso Salbo 100% 14,600 Open Pit n/a
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 Winnipeg, Canada Cat Lake 100% n/a n/a n/a
Exploration Quebec, Canada Duquesne, Duparquet, Pit 100% n/a n/a show
Early exploration.

400,000 oz at 4 gpt.
Exploration Favourable Lake, On, Canada Favourable Lake 40% n/a n/a n/a
Exploration Ontario, Canada Goldlund 100% (guess) n/a n/a show
2.2 million oz.
Exploration Birch Lake, On, Canada Horseshoe Island 100% n/a n/a n/a
Exploration Mexico, Mexico Mexico 100% (guess) n/a n/a show
17 projects in Mexico.
Exploration Cordero, Nv, USA Cordero 100% n/a n/a n/a
Exploration Missouri, USA Kratz Spring 100% n/a n/a n/a
Total Land Package Size (ha): 138,300  

Profitability (by resource)

Proven &
Probable		 11/16/2021
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 42.53M
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 36.15M
Maximum Profit (Gold): $1,833.91M $1,801.18M n/a $-32.73M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $1,833.91M $1,801.18M n/a $-32.73M
Max Profit / Current MCap: 8.431 11.816 n/a 3.385
Max Profit Per Share (Gold): $2.19 $2.15 n/a $-0.04
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.19 $2.15 n/a $-0.04
Total Free Profit Per Share: $1.86 $1.91 n/a $0.05
FD Mkt. Cap / Gold Eq.: $63.98 $44.83 n/a $-19.14
FD Mkt. Cap / Silver Eq.: $0.86 $0.53 n/a $-0.33
FD Mkt. Cap / Per Metal
as % Spot Price:		 3.46% 2.44% n/a -1.02%
Measured &
Indicated		 11/16/2021
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.): 5.00M 5.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 53.17M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 4.08M 4.08M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 43.38M
Maximum Profit (Gold): $2,200.69M $2,161.42M n/a $-39.27M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,200.69M $2,161.42M n/a $-39.27M
Max Profit / Current MCap: 10.117 14.179 n/a 4.062
Max Profit Per Share (Gold): $2.63 $2.58 n/a $-0.05
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $2.63 $2.58 n/a $-0.05
Total Free Profit Per Share: $2.30 $2.34 n/a $0.04
FD Mkt. Cap / Gold Eq.: $53.31 $37.36 n/a $-15.95
FD Mkt. Cap / Silver Eq.: $0.71 $0.44 n/a $-0.28
FD Mkt. Cap / Per Metal
as % Spot Price:		 2.88% 2.03% n/a -0.85%

Reserves &
Resources		 11/16/2021
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.): 7.00M 7.00M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 74.43M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 4.93M 4.93M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 52.42M
Maximum Profit (Gold): $2,659.17M $2,611.72M n/a $-47.45M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $2,659.17M $2,611.72M n/a $-47.45M
Max Profit / Current MCap: 12.225 17.133 n/a 4.909
Max Profit Per Share (Gold): $3.17 $3.12 n/a $-0.06
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $3.17 $3.12 n/a $-0.06
Total Free Profit Per Share: $2.85 $2.88 n/a $0.03
FD Mkt. Cap / Gold Eq.: $44.12 $30.92 n/a $-13.20
FD Mkt. Cap / Silver Eq.: $0.59 $0.36 n/a $-0.23
FD Mkt. Cap / Per Metal
as % Spot Price:		 2.38% 1.68% n/a -0.70%

Future Valuation (Cash Flow & Totals)

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