First Mining Stock Price, News & Analysis

First Mining (OTCQX:FFMGF) announced receipt of total proceeds of C$6,410,045 following the exercise of 32,050,228 common share purchase warrants by First Majestic Silver on Dec 16, 2025 at $0.20 per warrant.

The Warrants were issued in connection with amended terms of a prior silver purchase agreement. First Mining said it intends to use the proceeds to advance its Springpole and Duparquet gold projects and for general working capital and corporate purposes.

After the exercise, First Majestic's stake increased to 47,379,944 common shares, representing 3.5% of First Mining's outstanding common shares.

First Mining (OTCQX:FFMGF) released an updated 2025 Pre-Feasibility Study for the 100%‑owned Springpole gold project in Ontario dated Nov 18, 2025. Key economics at a base gold price of US$3,100/oz: Pre-tax NPV5% US$3.2B and after-tax NPV5% US$2.1B; pre-tax IRR 54% and after-tax IRR 41%. The study models a 30,000 tpd open pit, LOM 9.4 years, initial capex US$1,104M, sustaining capex US$323M, and average annual production of 330 koz Au (Years 1–5) with AISC US$877/oz (Years 1–5) and US$938/oz LOM.

Updated MRE: Indicated 191 Mt @ 0.78 g/t Au = 4.8 Moz; Inferred 64 Mt @ 0.38 g/t Au = 0.8 Moz. The study highlights flotation + regrind + leach flowsheet, tailings co-disposal design, and sensitivity to gold price (NPV rising to US$5.6B at US$4,200/oz).

First Mining (OTCQX: FFMGF, TSX: FF) reported Q3 2025 results and operating highlights for the quarter ended September 30, 2025. Key items include a signed Long-Term Relationship Agreement with Mishkeegogamang First Nation for Springpole, an upsized public and non-brokered financing totaling $36,437,600, and the sale of the remaining 20% interest in Hope Brook for $3 million cash plus 7 million Big Ridge shares.

Exploration advances at Duparquet included multiple drill intercepts (e.g., 3.23 g/t Au over 25.9m and 1.43 g/t Au over 24.1m). Cash and marketable securities totaled $37.6 million and equity in PC Gold was $21.5 million. CFO Lisa Peterson resumes Nov 14, 2025; Director of Projects Vincy Benjamin joins Nov 24, 2025.

First Mining (OTCQX: FFMGF) reported additional 2025 drill results from the Miroir discovery at the Duparquet Project (Nov 10, 2025). The Company completed 16,577 m across the 2025 program and has drilled 22 holes at Miroir to date, with assays disclosed from 14 holes.

Key intersections include DUP25-078: 2.01 g/t Au over 29.8 m (incl. 15.70 g/t Au over 0.75 m and 18.20 g/t Au over 1.0 m), DUP25-077: 3.20 g/t Au over 15.75 m (incl. 22.50 g/t Au over 0.7 m), and DUP25-079: 1.76 g/t Au over 16.25 m. The Miroir zone is traced ~100 m along strike and ~100 m depth and remains open for expansion.

First Mining Gold Corp. (OTCQX: FFMGF) has announced significant drilling results from its Duparquet Gold Project in Quebec's Abitibi region. The highlight comes from the newly discovered Miroir target, where drill hole DUP25-064 returned 3.23 g/t Au over 25.9 m, including high-grade sections of 11.20 g/t Au over 2.0 m and 10.16 g/t Au over 1.4 m.

The Company has completed 20 holes totaling ~4,450 m at the Miroir target, which is located 225 m north of the Central Duparquet-Valentre-Dumico (CVD) target. The mineralization has been extended to a vertical depth of 100 m and a strike length of 140 m. The target remains open both up-dip toward surface and at depth. The broader 2025 drilling program has completed over 16,000 m to date, focusing on resource expansion across multiple zones.

First Mining Gold (OTCQX:FFMGF) has signed a significant Memorandum of Understanding (MOU) with the City of Duparquet for the development of the Duparquet Gold Project in Quebec. The agreement, ratified on September 15, 2025, establishes a framework for collaborative development between the city and the mining project.

Key elements of the MOU include the development of a co-habitation plan, mechanisms for residential property relocation, reconfiguration of the Duparquet golf course, and notably, First Mining's commitment to transfer over 100 acres of land to the City for municipal development. The company will also transfer residential lots held under historical emphyteutic leases located within the City but outside the project area.

First Mining Gold (OTCQX:FFMGF) has announced significant drilling results from its Duparquet Gold Project in Quebec's Abitibi region. The company has completed ~16,000 meters of drilling in 2025, focusing on resource expansion targets.

Key highlights include the expansion of the Aiguille Zone, now delineated over a 100-meter strike length, with drill hole DUP25-058 returning 1.43 g/t Au over 24.1 meters, including 4.56 g/t Au over 4.0 meters. The Valentre target drilling yielded 2.80 g/t Au over 3.25 meters, including 4.93 g/t Au over 1.75 meters in hole DUP25-057.

The company has identified a favorable area with gold mineralization spanning 1.5 km by 0.5 km, encompassing the Central Duparquet-Valentre-Dumico (CVD), Aiguille, and Miroir targets.

First Mining Gold Corp. (OTCQX: FFMGF) reported significant Q2 2025 developments and financial results. The company successfully raised over $36 million through public offerings and private placements, with the marketed public offering closing at $12 million and the non-brokered offering at $24.4 million.

Key operational highlights include positive exploration results at the Duparquet Gold Project, featuring the discovery of the new "Minuit" zone with notable intersections of 2.25 g/t Au over 12.8m. The company also signed a crucial Long-Term Relationship Agreement with Mishkeegogamang First Nation for the Springpole Gold Project and sold its remaining 20% stake in the Hope Brook Gold Project for $3 million in cash and 7 million shares of Big Ridge.

As of June 30, 2025, First Mining maintained a cash and marketable securities balance of $5.8 million, with an equity interest in PC Gold Inc. valued at $21.5 million.

First Mining Gold (OTCQX: FFMGF) has successfully closed an upsized non-brokered private placement, raising $24.4 million. Combined with their July 22 public offering of $12.0 million, the company has secured total funding of $36.4 million.

The private placement consisted of 95 million units at $0.18 per unit ($17.1M) and 33.35 million flow-through units at $0.22 per unit ($7.337M). Each unit includes one common share and half a warrant, with warrants exercisable at $0.27 per share for 36 months.

Proceeds will fund the advancement of First Mining's Springpole and Duparquet gold projects, with flow-through funds specifically allocated for Canadian exploration expenses to be renounced by December 31, 2025.