First Mining Stock Price, News & Analysis

First Mining Gold Corp. has appointed Lisa M. Peterson as its new Chief Financial Officer, effective September 16, 2022. Lisa brings over 14 years of experience in mining and project development, having previously served as CFO for Libero Copper & Gold Corp. and Zacapa Resources Corp. She replaces Andy Marshall, who is leaving to pursue another opportunity. CEO Dan Wilton expressed confidence in Lisa's capabilities to advance the company's gold projects, notably Springpole and Duparquet, enhancing shareholder value.

First Mining Gold Corp. announced an offer to acquire Beattie Gold Mines Ltd., a significant step towards consolidating the Duparquet Gold Project in Quebec. The Beattie Offer includes $4.44 cash per share and 35 shares of First Mining for each Beattie share, totaling about $6.23 million and 49 million shares. First Mining already owns 25.3% of Beattie Gold, and after the offer, it expects to control 97.6%. This acquisition is projected to increase First Mining's gold resources by 40% and inferred resources by 50%. Consolidation will enhance project economics and create opportunities for exploration.

First Mining Gold Corp. announced the results from its annual general meeting (2022 AGM) held on June 9, 2022. A total of 243,005,171 shares, representing 34.16% of outstanding common shares, were voted. Shareholders approved all resolutions, including the election of five directors with significant support: Keith Neumeyer (98.41%), Raymond Polman (98.56%), Daniel W. Wilton (98.63%), Richard Lock (97.84%), and Leanne Hall (98.02%). The appointment of auditors was also carried with 99.14% approval, and the amendment to the share-based compensation plan received 79.86% support.

First Mining Gold Corp. announced the appointment of Jeff Reinson as Chief Operating Officer effective March 28, 2022. With over 25 years of experience, Reinson has led significant projects in mining and engineering, including roles at Eldorado Gold and Bluestone Resources. His expertise will be vital as First Mining progresses into the feasibility stage at their Springpole Gold Project this year. CEO Dan Wilton expressed excitement about Reinson’s contributions to the advancement of their gold project portfolio in Canada.

First Mining Gold Corp. announced the acquisition of 286,904 common shares of Beattie Gold Mines Ltd. for a total consideration of C$1,272,824 in cash and 7,636,944 First Mining shares. This brings First Mining's ownership in Beattie to 25.3%, up from 10%. The shares were purchased at a rate of C$4.44 each, along with additional common shares. The acquisition strengthens First Mining's position in the Duparquet Gold Project on the Destor-Porcupine Fault in Québec, enhancing its portfolio in the gold sector.

First Mining Gold Corp. provided an update on its Springpole Gold Project, focusing on ongoing technical work after the January 2021 Pre-Feasibility Study. Key initiatives include a Feasibility-level metallurgical program aimed at enhancing metal recoveries and reducing costs, alongside efforts to minimize greenhouse gas emissions and explore renewable energy options. Environmental data collection is also underway to support future permitting. Additionally, the company announced the departure of COO Ken Engquist, effective January 14, 2022, with a search for a replacement initiated.

First Mining Gold Corp. (TSX: FF, OTCQX: FFMGF) has received a Notice of Approval from the Ontario Ministry of the Environment for the Environmental Assessment Terms of Reference (ToR) for its Springpole Gold Project. This approval initiates the provincial Environmental Assessment (EA) process, allowing First Mining to evaluate the benefits and environmental impacts of the Project. The ToR was developed in consultation with local and Indigenous communities, emphasizing collaboration and sustainable economic development. The company aims to coordinate this EA with a federal process for comprehensive assessment.

First Mining Gold Corp. has appointed James Maxwell as Vice President of Exploration effective October 25, 2021. With over 20 years of experience, Maxwell has contributed to five major gold discoveries in Nunavut and Red Lake, Ontario. Previously, he was with Sabina Gold & Silver Corp., establishing a 6.0 million-ounce gold resource. CEO Dan Wilton expressed confidence that Maxwell will enhance the company’s exploration efforts, particularly in the Birch-Uchi greenstone belt, supporting the strategy to expand the gold resource base at the Springpole Project.