First Mining Gold Corp T.FF

First Mining Positive Preliminary Economic Assessment

[Betteryear2]

Pre-Tax NPV5% of C$1.07 billion, After-Tax NPV5% of C$588 million
Pre-Tax IRR of 24.9%, After-Tax IRR of 18.0%
Average LOM Annual Gold Production of 233 koz with AISC of US$976/oz over 11-year LOM

VANCOUVER, BC, Sept. 7, 2023 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce the positive results of a Preliminary Economic Assessment ("PEA") completed for its 100%-owned Duparquet Gold Project (the "Project" or "Duparquet") located in the Abitibi region of Quebec, Canada. The PEA results support a 15,000 tonnes per day open pit and underground mining operation over an 11-year mine life. The PEA only considers the Duparquet gold deposit located on the Beattie, Donchester, Central Duparquet and Dumico claim blocks and does not include the Pitt Gold and Duquesne deposits (see Mineral Resource Estimate section).

First Mining Announces Positive Preliminary Economic Assessment for the Duparquet Gold Project, Quebec, Canada (newswire.ca)

[robtcrt]

How is it possible that we slide to .13 cents if this project as a stand alone is worth 1 billion??? 

[Co2Harvest]

And they paid something like 25 million for it, no? Clearly there's disbelief that the mine will be back in operation. But it's mining friendly Quebec. I don't get it.