First Mining Gold (TSX:FF) - Advanced Major Gold Projects Seeing Increased Interest

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Interview with Dan WIlton, CEO, First Mining Corp (TSX: FF)

Recording date: 18th September 2023

First Mining Gold CEO Dan Wilton provided an update on the company's activities in an interview at the recent Denver Gold Forum conference. First Mining is advancing its Springpole and Duparquet gold projects in Canada.

Wilton noted First Mining is seeing increased interest from major mining companies in acquiring advanced development projects. The majors recognize they need to replenish their project pipelines given depleting reserves and lack of exploration spending. First Mining's projects in mining-friendly jurisdictions check many of the boxes majors are looking for.

At Springpole in Ontario, First Mining continues permitting and environmental assessment work. The project has approximately 7 million ounces of resources and is one of the largest undeveloped gold projects in Canada. At Duparquet in Quebec, First Mining recently released a positive Preliminary Economic Assessment (PEA) outlining an average annual production potential of 236,000 ounces over a 14-year mine life.

First Mining is drilling at Duparquet to upgrade resources and explore for additional mineralization at depth and along strike. The historic Beattie mine produced over 1.5 million ounces, indicating significant exploration upside remains.

On project advancement strategies, Wilton highlighted the potential to accelerate initial cash flows by leveraging nearby infrastructure at Duparquet, including underutilized mills. First Mining will investigate interim solutions to generate earlier revenues before completing full-scale permitting.

Regarding the gold market, Wilton sees macroeconomic conditions pointing positively for gold prices. He believes gold could potentially reach $2,500-3,000/oz over the next 12-18 months. At these higher gold prices, the NPVs of First Mining's projects increase dramatically due to the resource leverage.

First Mining's focus remains advancing Springpole and Duparquet to construction decisions within the next couple years, ideally coinciding with a rising gold price environment. Wilton believes First Mining offers maximum leverage for investors looking to capitalize on the coming upswing in the development project cycle.


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This is so undervalued its ridiculous.

Mathias-rlqd
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Any private investor picking their spot in this stock will be rewarded before the institutions and majors arrive. 
Hindsight is a gift and all else is white noise.

warrenw.
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After this interview that fly on the wall knows no more than me. These two gold assets in ground are large and real.

warrenw.
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So Springpole will be sold. After that First Mining is going to have a great cash stack and the Duparquet project. A price tag of $200M+ usd would be great and a price tag near $300M would be excellent. Taking into account all the exploration, engineering and permitting to reach construction readiness ... There aren't many construction ready projects in 2026-2027 that's true.

Minneolaos
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( Perhaps an executive might
“ find a buyer “ for my new Harley, have this all documented by
Like Mark Burnett and have a Reality Show series where a guy who’s been beaten down actually DOES this and it’s NOT FAKE NEWS and this can be like that gold show up in Alaska, but it’s a speculative move on Wall Street and it actually HAPPENS !
( how about them Apples Mr . Kieth Neumeyer ? )
Bla ha ha !

rudeawakening
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Wow …makes me want to sell my brand new Harley and put ALL my cash into First Mining Gold and ( take that fat chance ) of becoming a multimillionaire !!!!

rudeawakening
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No private Person should invest in those manipulated stocks.It's a waste oft time and money burning.

stephanvogt