First Mining Gold Corp (FF) Share Price

So, it was just more of the SOS, rehash. They didn't even bother putting it on the company website.

Thanks for giving us the your recap of the chat with Paul. I was only able to watch the last 5 minutes.

Did he touch on any specifics involving Springpole that you can remember?

I listened to the chat with Paul. For a long-term investor like me, who knows the company well, there really was nothing new there. For a completely new investor it was a very good "starter package" of sorts of why the company is very nicely positioned to benefit from the current bull market.

So, like I said Dan wouldn't have had to dive deep into what's going on with FN or the provincial permitting status, but it would've been nice for him to let us know "generally" where we stand with those things. His failure to even mention them IMO is somewhat negligent on his part, now I almost feel compelled to call Paul and grill him about how those are proceeding.

Speaking of Paul, I don't know if anyone here had the opportunity to listen to his "fireside chat" webinar on Wednesday. I had a prior appointment that kept me from joining in on it and I don't see any replay links to it on the Company website or on YouTube yet. Maybe he didn't even do it?

I would agree with You that if everything falls into place with the Feds permitting, we should get a lot of attention BEFORE final approval is given. That could happen sometime in the Summer, as I recall Dan saying all the final questions from the Feds should be answered by then. Let's see what happens.

Agreed, a lot of it was a rehash of prior information. I am pretty sure if there is positive FN information they will let us know. The overall tone was positive. I bet they have potential suitors asking questions right now....but those permits sure would help.

The stuff about moving the production estimate goalposts up to 8 or 10 millions ounces seemed a bit of stretch.....a permitted project at 5 million ounces will get offers. The end of 2025 or beginning of 2026 could be an exciting time for us. I anticipate the shares should move ahead of that time. How far and in what timeframe are key questions.

I follow Tavi Costa posts on LinkedIn. 
He has an interesting post and interesting chart almost every day.

This link is to a chart of S&P500 YTD results.  The technology sector is down YTD.  All other sectors are up.  His post comments are that the market rotation has already started.


https://www.linkedin.com/posts/otavio-tavi-costa-76368628_there-has-been-significant-rotation-happening-activity-7292925310407213056-ifxR?utm_source=share&utm_medium=member_android&rcm=ACoAAAAotmQByRfWE_lu-9eI0RQGbD4pgWWC8cg

Thanks for posting the interview. Matt seems to be covering a lot of the same ground with these interviews with Dan. They talk over and over again about the Federal permitting process and where we are with that, also about other projects that are potential buy-out targets. Most of these interviews are just rehashed.

I don't recall them talking much about the provincial permits that will be required OR what's going on with Cat Lake or First Nations? How is that all proceeding and exactly how much would those factors be involved in getting a final deal done with a JV partner? It would seem to me if those weren't potential hang-ups down the road for a potential partner our odds of getting a deal done sooner, rather than later, would be much higher, but it's never talked about.

I know Dan can't get into any specifics about what's going on with FN, but he could at least give us some context on how that fits into where we are currently. Are they holding the process up?

Overall, I thought what he said in this interview was very positive, but it would appear that any JV partners out there are still waiting and watching. At the end of the interview, Dan even sounded a little disgusted with how long this is taking to get done.

Latest Dan with Crux Investor.
https://www.cruxinvestor.com/posts/first-mining-gold-continue-to-advance-projects-as-industry-seeks-new-assets

After a brief drop to $2835, gold established a pretty firm bottom at $2850 for most of the day.

Let's see if $2850 becomes the new support.

I see we had big volume traded today. Over 2M shares traded on the U.S.exchange. Wonder who was buying?

I see a Company insider bought a few shares too. Will be interesting to see if any insiders were buying today.

https://www.insidertracking.com/node/7?menu_tickersearch=FF*CA+%7C%7C+First+Mining+Gold

A higher gold price works for the Indian Nation too. They aren't stupid and know that as the price moves higher, their negotiating prices go higher too. My guess is they want to get the highest price they can for the gold. That gives them greater power to ask for more perks.

Just something to take note of here. I have been following the comments received for Springpole on the Federal project website/portal:

https://iaac-aeic.gc.ca/050/evaluations/proj/80149/contributions

There are have been many letters of support coming in for Springpole from various organizations and businesses. There is definitely lots of local economic interests pushing for this project to be approved. The government of course knows this. Nothing will matter more right now for the regional governments than to create lots of jobs and more tax revenues along with new infrastructure, roads etc. With each and every day the gold price rises, the potential economic impact of Springpole (and Duparquet) grow bigger. Even the most stubborn people will soon realize this asset if developed will literally shower gold on these very poor and remote regions.

This is good and bad news. The good news is that Trump is getting rid of SOME of the deadwood in this bloated government. The bad news is that the 20K that are leaving will get paid through September. They should give them all a 60 day severance. They've already grifted years of pay from the taxpayers.

Gold and silver are looking good. Wonder when the rug will be pulled out?

https://www.zerohedge.com/political/20000-government-workers-take-trump-buyout-offer-mass-layoffs-loom

COminer, I echo your sentiments. The share price of this Company has been in the dumps for SO long, I'm still going to be skeptical of where our share price goes even after we do some sort of partnership deal. The price should go higher, but how high?

I really have a problem with any of these mining companies doing well UNTIL we see the overall market tank and a rotation out of high-beta stocks into the miners lifts the sector. That event is still not on the radar screen at this point, but things can change very quickly with Trump at the wheel. He brings a lot of uncertainty into the mix and that's good for PM's.

I think you're .05 share price prediction could come true depending on when a partnership deal
is announced. I've added some shares down here, but it wouldn't surprise me at all if they go lower if we
get a big market correction.

I wish I shared your level of optimism, but perhaps I am too jaded from the past decade of misery. Believe me when I say that I'm praying you are right!

I can sense something is now changing big time. With all this trade war talk and threats of annexation of Greenland etc. you are going to see very soon a "Metals War" i.e. countries are going to do everything they can to secure their supply of rare minerals and precious metals. This is what the Greenland talk is all about anyways, it's about resources. China has them already, the US does not. I think this could be it guys, it could lit up this sector big time. The market has just been waiting for the right catalyst but this is starting to get serious now. Gold just about to make new highs again. We are sitting upon one of the biggest undeveloped gold assets in Canada. A deal cannot be far away now and believe me when I say that these assets will get permitted and developed. The new incoming government will want these assets developed asap because gold is very soon going to be an extremely important asset for all countries.

Interesting article on physical gold on the move. It's not just from the tariff scare.

https://www.zerohedge.com/news/2025-02-01/zh-reshoring-us-gold-has-nothing-do-trump-tariffs

So, here's a short article on what's happened since Trump levied his tariffs on Canada and Mexico. In a nutshell, they're not caving in right away and are putting their own tariffs on the U.S. Uh oh.

The U.S. tariffs actually start on Tuesday, so if this begins and they can't come to some sort of resolution right away, these actions will have price repercussions. The article also states that everybody else Trump wants to tariff target will follow what Canada and Mexico are doing. This should get interesting.

https://www.msn.com/en-us/money/other/trump-tariffs-markets-brace-for-falls-as-mexico-and-canada-hit-back/ar-AA1ygYGl?ocid=msedgntp&pc=U531&cvid=8f3a8926536d4048b0ef7345126f4d50&ei=24

If you have questions for Paul, call him. His job is to answer shareholder questions. He's very accessible and he'll promptly return your call. He called me from Germany @ 11:00 PM his time recently.

Most of my calls to him are about something specific, but I've called him about things I want him to know or be aware of too. I've made him aware of company issues he didn't even know about prior to our conversation.

Paul wants to be helpful, but like Dan he can only reveal so much. Most of what we want to know is still a big mystery.

Paul replied to one of my emails and gave me his phone number.  He said I could call him.  I don't want to waste his time on the phone.  My investment is hopefully important for me long term, but it is still just a drop in the bucket.  I  have a positive impression of Paul.  

Trumps tariffs are what pushed Trudope out the door. Trudope's liberal policies are what the tariffs are targeting. Same thing for Mexico.

I.E.: Open borders, Fentanyl crisis, Trudope just being a dickhead in general, etc.

I want to add a couple of things I have heard from other folks.
Yes, the US stock market is definitely in bubble territory.  If the current value is 60% of the global market value, and the biggest slice of that 60% is folded up into 7 or 10 companies that is extreme bubble territory.  The bubble has to pop.

Many of these other G7 or G20 countries have their own debt problems.  China and Russia and the BRICS are not without problems.  From what I've read, China's private sector has most of their wealth tied up in a housing debt bubble.  China is dropping rates, but the private sector is already in debt.  China's advantage in the past as a low cost manufacturing base has some problems as well.  Their population is shrinking.  

I have also heard Canada private sector has an extreme debt crisis. 

There is obviously a discouraging outlook for the US.  The rest of the world has problems as well.  

I haven't seen anyone post this.  Andy Schectman is talking about gold getting repriced to $142,000 as a way out of the debt crisis for all of these countries.  All of these central banks are buying gold as fast as they can.  I don't know how all the debt paper gets flushed without overflowing the toilet.  Everything else breaks if gold goes to $142,000 and the world has a new gold standard.  Could this work?

I think the people he's offering to buy out is only because he CAN'T fire them. That's the stupid way this government is rigged.

What private sector job would allow an employee NOT to come into work, if that was required to keep your job? The only One stupid enough to do it is the U.S. government. Covid has been over for a long time now, but these people decided they don't want to go to the office anymore. WTF

These are not workers, they're grifters looking for a free paycheck. Turns my stomach to think they're not getting fired on the spot. The waste in this government is why this country is in big trouble.

This is FYI to everyone here.

Paul Morris will be conducting a fireside chat on the PM markets this coming Wednesday Feb. 5th at 1:00 ET.

He will be taking questions after his presentation. Let's hope he'll be more specific on things than Dan has been.

Hoping that the tariffs don't inadvertently cause enough support for Trudope to remain in place.

History tells us that trade wars will eventually lead to REAL war and especially heightened hostilities from those involved. Trump is obviously pushing the envelope when it comes to creating trade wars. IMO Trump rightly sees BRICS as a threat to dollar hegemony and that's why he's threatened 100% tariffs on BRICS countries. I really don't see how that's going to work out well for him, but as I said in my prior post, why is he resorting to such drastic measures?

I think it's either a big bluff on his part or he sees the dollar is in a very bad place right now and feels he has to do something about it. IMO something is brewing for a changing of the reserve currency guard and the path Trump is taking would only seem to accelerate its demise. IMO a move to tariff the BRICS countries could be a huge mistake. I guess we'll how this plays out, but if he continues to threaten our current allies that won't end well either.

Trump seems to be under the impression the rest of the world needs the U.S. and the dollar to survive. His actions seem to be pushing back on that theory instead of helping it.

Do you think Trumper's offer to buy out federal employees is a good idea? I can see from a numbers perspective it makes sense down the line. It also makes sense because when you have people voluntarily leave with an extremely generous offer there is less of an argument for those who chose to remain that they had no opportunity and/or incentive to leave when subsequent reductions in force (RIFs) occur (f they occur).

There's a couple of things happening here. I've been around long enough to see this come around.

First of all, when you have an embedded "deep state" or bureaucracy in government, like we have in this country, they think they're ABOVE the law. That laws don't apply to them, and they just do whatever the Hell they want to do. These are not elected officials and aren't accountable to anyone, especially to the voters. These are the crooks behind the curtain, like are in the article I posted.

Look at all of the Assholes that weren't/aren't even bothering to show up to work their government job. Covid's been over for years and they just said fuck it why go back to work. I'll just pretend I'm working from home and draw a big paycheck. This is absurd, but nothing was done under Braindead Joe and you can't fire them. Trump had to threaten to lay them off if they didn't start coming back into work. Where in Hell can I get a job like that? No wonder people elected Trump back into office on the hopes he would clean some of this mess up.

The other big thing that's come about over the years is that NO ONE GOES TO JAIL ANYMORE for crimes they commit. This is for all types of crime. People all over this country literally get away with murder and sadly it's the victims that get screwed, because more often than not the criminal gets off.

Yes, it been going on a long time, but it's gotten much worse in my lifetime.

P.S.: I almost forgot to mention all the rot and corruption that's gone on for years in agencies like the CIA, FBI, Justice Dept., to name just a few. They need a huge house cleaning to happen, and I pray Trump can fix at least some of it.

Yup. The problem with Trump's approach is that it only works as long as you are a major exporter of commodities and goods and run a big trade surplus. As long as the world needs what you produce you can get away with protecting certain key domestic industries and products like agricultural produce for example. This is what many major exporting European countries have done for ages.

The US runs the biggest trade deficits in history which means applying lots of tariffs right now is only going to accelerate the decline. It will temporarily reduce the trade deficit but only at the expense of much higher costs for the American consumer. Like you said this will likely now lead to just more countries joining BRICS and you could get Canada and Mexico as well as others uniting with each other against the US. Trump likely thought he could extort countries to do his bidding but now you see countries are starting to push back. I'm afraid the next four years will be the final embarrassment for the US which will make it clear their era of dominance is now over.

You can't expect to reverse decade long global supply routes in four years. I sort of understand what Trump is trying to do but it will have horrible consequences for the US economy. The US has the most to lose here market wise because the US stock market accounts for some 60% of the total global market cap. This is completely ridiculous when you consider that a real trade war has now started. We could very well see a massive crash here soon because I think the markets thought this was all going to be a quick showdown where most countries would fold to the US. Now that other countries are pushing back against Trump, we could see a violent reaction.

When it becomes clear that his policies are not working out, I'm afraid the current US establishment will ultimately resort to a war with Iran. You could also see things starting to get hot in the South / East-China Seas and around Taiwan.

All of this should be extremely bullish for gold and silver.

So if you know the payments are going to fraudulent groups or terrorists, you yourself are committing a federal crime if you fail to report it.

https://www.thefederalcriminalattorneys.com/misprision-of-a-felony

Are we really surprised this type of nonsense was going on? Heck, it has probably been going on my entire life. Just charge a few people with it. Don't know if it would solve anything, but it might make people more apt to report it for a wihile.

How come this isn't surprising and obviously one of the reasons for the run-away debt problems in this country. This could very well be a "black swan" event in the making. What happens if the auto-pays stop? You can't make this shit up.

https://www.zerohedge.com/political/treasury-depts-highest-ranking-career-official-rage-quits-after-musks-doge-team-probes

This is a fantastic interview with the TA guys. If You can't get excited about where gold is headed after watching this, you need to sell your gold and gold stocks.

I especially like listening to what Kevin Wadsworth has to say. He speaks to history and what gold has done in times past. They think we're in the beginning stages of capital rotation into gold and out of stocks. This happens in cycles, and we see it happen often.

I agree about what seems like a Trump weakness.   He seems to tie his ego and success to what is immediately happening in the stock market.  

Meanwhile merely the threat and perception of these tariffs has touched off a buying frenzy on gold for delivery in the US.  Obviously a short-term inflationary push in the price of gold and silver and many other products that originate from Canada and Mexico.  Even if the tariffs achieve the desired result and are only short-lived the shock to the markets may trigger the rotation into commodities.  Gold is already at ATH and now this tariff threat could trigger the rotation into commodities. 

Next week will be very interesting to watch.
Not sure gold and silver stocks will benefit next week if there is a huge sell-off in the markets but it could be a trigger to get things started.

So, that's my point. Trump's tariff threats are UNITING the BRICS countries and most likely even non-BRICS countries against the dollar. IMO Trump's actions are accelerating the rest of the world getting out of the dollar and NOT making the dollar stronger. Trump and I assume his advisors think the opposite is true.

Trump talks about weaponization of the U.S. government, what he's proposing is weaponization of the dollar against everybody else. I'm skeptical of the U.S. having the necessary military power or for that matter economic chops currently to hold its position as the dominant world power. I hope I'm wrong about that, but I'm looking at this as objectively as I can. Also, Trump may be seeing the handwriting on the wall when it comes to the dollar remaining the world reserve currency. Is this a Hail-Mary on his part in an attempt to head that event off? Maybe.

Not only may we get a trade war out of this, but we could also get a REAL war going if he does what he says he will. He wants to get inflation heading lower, but if these tariffs come online and other countries take issue with them, we could see a lot of big problems ensue. Something like this could usher in a Great Reset out of the dollar and into something else. Gold and silver should come back as an alternative.

We'll have to see how his threats play out.

You have touched upon one of his great weaknesses IMO - the ego. Tied into that is his desire to look good via stock market appreciation/performance. However, compared to China Joe the guy is much better in almost every respect.

I really don't think his aim is to keep this sanctions going. It's sort of a "mafia tactic" in the sense that he throws out these threats and expects countries to come back begging for his mercy and do his bidding. The only problem this time around is that countries are far more resistant to his politics compared to Trump's first term. You can already see this in other countries starting to unite against Trump's ideas. It will be interesting to see what Trump will do if all of these countries decide to push back and slap sanctions/tariffs of their own. Then we will get a real actual "trade war", something I think could very well crash the markets. Will Trump stand strong when the Dow, S&P500 etc. crash by more than 30% and inflation starts rising due to tariffs? I highly doubt he will since we know his ego is very much tied to the performance of the stock market and the economy. This will be very very interesting to see how it plays out.

It will be interesting for sure. So would China shoot itself in the face by dumping their HUGE holdings of US Treasuries and/or causing massive USD devaluation? Is their bond market or anyone else's bond market deep and liquid enough to pick up the slack? Rickards and some others don't think so.

Mining sure would help fill a small part of the gap of any missed tax revenues in Canada from the tariffs. Sure would be smart to get as much mining into production as possible. You would hope this thought crosses someone's mind in Ottawa.

Well, we knew this was coming sooner than later. Trump is threatening to put 100% tariffs on BRICS countries too. How the fuck is that gonna work out for everybody? Maybe, not well.

You have to give Trump some credit, he doesn't take long to stir the pot, but IMO this may backfire on him. This kind of action may accelerate other countries dumping the dollar and not caving to what Trump is attempting to do. This is certainly a bold move on Trump's part, but will it work? This may be the shit hitting the fan moment if the BRICS countries call his bluff.

https://www.reuters.com/markets/currencies/trump-repeats-tariffs-threat-dissuade-brics-nations-replacing-us-dollar-2025-01-31/

Thanks! I think this is the key point here, sort of what I was saying earlier:

“Those who are caught short physical metal are looking around and seeing a window closing here,” he said. They’re “desperately seeking physical metal before the price could jump overnight.”

Good article on the gold move. Trump's tariff threats seem to be what has people jumping into physical gold. Tariff increases of 25% to Canada and Mexico are supposed to happen tomorrow. With all the silver coming from those countries we should see silver move higher on possible higher prices and supply restraints.

https://www.marketwatch.com/story/why-theres-now-incredible-demand-for-physical-gold-in-new-york-markets-7c914e00?mod=home-page

Gold keeps rising and rising every day and also price of oil/gas going down. You literally could not ask for a better macro environment for gold miners right now. Combine this with the geopolitical tension in the world and we will soon have the perfect storm for gold. Notice also how every single dip in the gold price lately gets bought heavily? Something is breaking now in the gold market and people are demanding more and more physical delivery:

https://www.reuters.com/world/uk/london-gold-market-queues-up-borrow-central-bank-gold-after-big-shipments-us-2025-01-29/

Is the decades long gold paper fraud finally cracking? This could be it. People suddenly demanding physical delivery when it is not available could break this scheme.

The very last picture of the second video, the guy posts a Gold-Silver ratio chart and makes the comment he thinks the ratio drops to 79.  That was a big announcement right before he hides behind the paywall.

In a very bullish gold buying spree by US banks, the last comment is that he thinks the gold-silver ratio will drop to 79 from the current range of 88 to 91 over the last month.  If I understand what the guy's prediction was, then this is what the gold-silver ratio looks like.  If gold delivery is getting squeezed and the price keeps going up, and yet the gold-silver ratio is going down, then silver has to rise a lot faster than the gold.

$2800 ÷ 90 = $31.11
$2800 ÷ 88 = $31.81
$2800 ÷ 79 = $35.44
$2900 ÷ 79 = $36.70
$3000 ÷ 79 = $37.97

Buckle up for the #SilverSqueeze

The second link also has a video.  27 minutes.  That guy mentioned silver as well.

O.K., here's a couple of things I've found. The first link is talking about physical gold moving in a big way from the gold vaults in London to N.Y. Listen to the short video with the woman talking about what's happening. I just heard on biz TV that Trump made the statement he going to hit Mexico and Canada with 25% tariffs. The market briefly sold off and is now trying to come back. Gold held steady and is moving higher now.

https://www.zerohedge.com/news/2025-01-30/huge-gold-moves-london-new-york

This next article is about the LMBA being under a selling strain and apparently they don't have the stock to handle the demand. Is this one of the reasons we're seeing this big move higher in gold? Maybe. There's certainly something afoot that's got everyone VERY concerned. It's about time.

https://www.zerohedge.com/news/2025-01-30/lbma-cant-deliver-gold-supply-chain-breaks

IMO what we're seeing today in PM price moves is going to get a LOT of attention. It would appear investors are buying with conviction today. Gold is up $55 and silver is up $1.35. BIG moves.

If the momentum continues through today AND tomorrow to close out the week, IMO this PM momentum higher should continue. $3K here we come and maybe interest will finally come into the miners.

I guess it was the more than expected dovish tone from the Fed meeting. They basically said hikes are off the table. Miners are on fire today, psychology chaging now slowly. Breaking $3k gold will be a banger for the sentiment and it will gain lots of media attention.

Gold looks to be moving through the old price highs of $2800 this morning. Why, I don't know, let's see where the price closes for the week.
We may be heading to that big $3K number soon. Silver is moving big too.

Who knows, it's anybody's guess what's going on behind closed doors. IMO they would be foolish not to keep Duparquet for us, unless we get a deal we can't refuse. Parner with someone on Springpole, if you have to. This isn't rocket science, we have the assets and it's a seller's market.

Get the best deal possible.

Yup, Newmont has been divesting certain non-strategic assets for some time now, but it still works as a benchmark as the sort of deal we could be looking at with our assets.

Saw this article giving a little more in-depth description of what Newmont is doing. They have a divestiture plan they're executing and selling this property to Discovery Silver was part of the plan.

https://www.msn.com/en-us/money/companies/newmont-completes-divestitures-with-us-425-million-sale-to-discovery-silver/ar-AA1xXOK5?ocid=msedgntp&pc=U531&cvid=db14a635c9774befabef44d79b8b4726&ei=43