First Mining Gold Corp T.FF

Alternate Symbol(s): FFMGF

Metals & Mining Gold

First Mining Gold Corp. is a Canada-based gold developer advancing two of its largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario and the Duparquet Project in Quebec. The Company also owns the Cameron Gold Project in Ontario and a portfolio of gold project interests, including the Pickle Crow Gold Project (being advanced in partnership with FireFly Metals Ltd), the Hope Brook Gold Project (being advanced in partnership with Big Ridge Gold Corp.), and an equity interest in Treasury Metals Inc. The Springpole Gold Project covers an area of about 41,943 hectares (ha) in northwestern Ontario, and consists of 30 patented mining claims, 282 mining claims and thirteen mining leases. The Duparquet Gold Project is located immediately north of the town of Duparquet, which is approximately 50 kilometers (km) northwest of Rouyn-Noranda, Quebec. The Pickle Crow Gold Project is located in the mining jurisdiction of northwestern Ontario, Canada.

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First Mining Gold Corp

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Post by idlefreebirdon Aug 07, 2022 2:36pm

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Post# 34877297

once project gets approval..money to be made

Key PFS highlights include:

US$1.5 billion pre-tax NPV5% at US$1,600/oz gold, increasing to US$1.9 billion at US$1,800/oz
US$995 million after-tax NPV5% at US$1,600/oz gold, increasing to US$1.3 billion at US$1,800/oz
36.4% pre-tax IRR; 29.4% after-tax IRR at US$1600/oz gold
Life of mine (“LOM”) of 11.3 years, with primary mining and processing during the first 9 years and processing lower grade stockpiles for the balance of the mine life
After-tax payback of 2.4 years
Declaration of Reserves: Proven and Probable Reserves of 3.8 Moz Au, 20.5 Moz Ag (121.6 MT at 0.97 g/t Au, 5.23 g/t Ag)
LOM Metal Recovered 3.2 Moz Au, 18.1 Moz Ag; 3.0 Moz Au, 16.1 Moz Ag (Year 1 to 9)
Initial capital costs estimated at US$718 million; Sustaining capital at US$55 million; plus another $29 million in closure costs
Annual payable gold production of 335 koz (Year 1 to 9); 287 koz (LOM)
Low strip ratio of 2.22 to 1 (Year 1 to 9); 2.36 to 1 (LOM)
Head grade of 1.12 g/t Au and 5.7 g/t Ag (Year 1 to 9); 0.97 g/t Au and 5.2 g/t Ag (LOM)
Recoveries of 87% for gold and 90% for silver (Year 1 to 9); 86% for gold and 90% for silver (LOM)
Total cash operating cost of US$558/oz (Year 1 to 9); US$618/oz (LOM)
AISC of US$577/oz (Year 1 to 9); AISC US$645 (LOM)