First Mining Gold Corp (FF) News

Luke Gromen always has some interesting views on the macro situation. He's answering some viewer questions in this video.

I would add that IMO Keith likes having the title of FM being a pure play silver company. I see that as giving him some celebrity and as being someone, the Street sees as being the AUTHORITY in the silver space. That's just my opinion, but I've followed him long enough to see that's certainly the case. There's a lot of gold experts and few silver experts.

I believe Keith fancies himself as the silver authority and he may be.

I don't own any FM shares, so I don't have a dog in that fight. I do own a bunch of FMG shares, so it's important to me that Keith protect the FMG shareholders and the best way I can see to do that is to have a contingency plan by which FM's cash position puts them as a potential FMG buyer/partner if a takeover attempt is made. IMO any potential hostile bidder already knows this is the case and hopefully why it might not happen. If it did happen, I would expect our share price to move much higher and a probable bidding war to ensue.

I don't know what Keith's ultimate plans are to acquire other producing silver mines going forward, but if triple digit silver is coming fairly soon, that should be a good move. I've seen in past interviews Keith has given where he said that because the silver price is TOO volatile and unpredictable that having larger percentages of gold gives better clarity on how to run a mining company. I think he's right and we can see that now with a much higher gold price and a lagging silver price. Silver should catch up as this PM bull cycle matures.

It's unclear what's going on behind closed doors, but it really makes no sense to me that FM wouldn't take a much larger stake in FMG than they already have. My guess would be that many FM shareholders are also FMG shareholders, so they would stand to benefit from some sort of partnership/buyout of FMG too.

FMG needs financial security moving forward. A deal with a deep-pockets player will do that. I think Keith will get a deal done that puts this Company on solid ground soon. I would like to see it happen before the EA for Springpole is officially announced. We'll see, I guess.

This is not the first time Keith has said First Majestic is only focused on acquiring a producing mine.  If he really believes in "Triple Digit Silver" and he does, then it makes a lot of sense to try to grow the Silver business like he did with the Gatos acquisition.  Is there another silver acquisition around the corner?

First Majestic is also  building a big pile of cash on their balance sheet.   The Gatos acquisition was a stock acquisition merger.  No cash involved.  Lots of cash used to drill out expansion targets at their Silver mines.  Probably a lot of cash needed to bring Jerritt Canyon online.  Website shows 5 "Exploration and Development" projects including Jerritt Canyon. 

If/When Springpole receives EA approval maybe it makes sense at that time to bring Springpole into production.  A big pile of cash would be needed.  

However a bigger case can be made that Springpole is sold in a  JV relationship with a gold production company.  First Majestic may not be the buyer.  First Majestic could step in to make the transaction honest.  Maybe the First Majestic cash position is a dotted-line proxy to prevent a hostile takeover of First Mining Gold?  Or maybe not.

Would a hostile takeover of First Mining  push the price 10× from current levels?  Might be interesting to see what happens. 

I couldn't agree more with You that EVERY war the U.S. sponsors is a monumental heist of the U.S. taxpayer. How long can they continue?
Vote out these Assholes that continue funding them.

A lot of the missing money went straight into Zelensky's Swiss bank account.

I am not surprised that so many people are dumb enough to believe the Western media at face value - pure ignorance and stupidity. Research the atrocities in the Donbass regions against native Russian speakers. We spent billions before the war to start the Ukraine revolution to install our puppet regime which would be unfriendly to Russia and give us trade deals instead of Russia. U.S. was willing to go to nuclear war over Russia installing missiles in Cuba but we are allowed to overthrow regimes and support atrocities along Russia's borders and why did the u.s. also invest billions in ukraine bio medical facilities - do we truly trust that like in Wuhan - there was no gain of function research sponsored by the u.s. under the covers? You do not see Russia trying to form a new Warsaw pact and include mexico and canada as members?

Even Zelensky has admitted that most of the money is unaccounted for. This has been a monumental heist of the u.s. taxpayer. Maybe once the U.S. stops overthrowing regimes and destabilizing the world - we can get some peace.

I won't get into the whole discussion here about the Ukraine war, that IMO was left to start by Brain-dead Joe and the people that were really pulling the strings behind the curtain when he was Prez. A bunch of losers.

Putin saw the weakness and moved on that weakness. Does that let Putin off the hook? NO, but war is war and I agree with Trump. Why are we footing most of the money for this war? That's bullshit, regardless of WHO invaded who. Trump is attempting now to clean the mess up, as best he can. That means stopping the money for more war and eventually the fighting will come to an end.

This country has gone broke on paying the costs of these on going wars. Its obvious to me you have to show strength in order to keep other countries from invading you. Everybody wants the U.S. to pull their ass out of the fire. It can't continue to go on. We can't afford it anymore.

Like Trump told Zelensky, YOU'RE NOT HOLDING THE CARDS! He's certainly not.

I feel for the Ukrainian people, but this kind of crap has happened over and over throughout history. Nobody said ANY war was fair.

Really nice interview from Jim Rickards. He covers a lot of topics, but what he said about the gold at Fort Knox and the "audit" on it was IMO 100% correct. He said there won't be a real audit, it will be a photo op. for Trump and Musk to show the gold is there. Even if the so called gold that's there isn't real gold.

I also thought it was interesting to hear what he said about "leased out" gold. How's its just paper leased out and sold over and over again. Reminisce of the fake paper market in physical gold. When they lease it out, the buyer has no real claim to the physical gold, only a paper lease agreement.

Listen what he says about the BRICS currency at the end of the interview.

Re: implanting 
What would you do if someone invades your home? Takes your property and occupies it.
 I would fight with everything I have.  I admit being more grateful  to help might be more beneficial for country but that meeting was an ambush. The pres and vp ganged up to show Russia which side we're siding with. Disgusting and low down for a pres of USA. I'm  ashamed for America. 


 

Here's Keith at the event FM throws every year at PDAC. He mainly tries to speak to silver and what's happening in that space. He gives his year-end gold and silver prices. Nothing said about FMG.

I caught him saying that FM wouldn't buy any explorer OR development companies and would only
buy companies (like Gatos) that were already producing mines. What he said about that made me think that could be part of the problem FMG is experiencing now.

The unemployment report comes out this morning. I heard on TV this morning that all the Federal job cuts WON'T be on this report, but expect it next month. The U.S. economy is slowing and IMO that's what Trump has to do to bring inflation down. IMO his people know that, but another thing I heard this morning is the RECESSION WORD being talked about with the slowing economy and job losses.

Ultimately, this is what we need to see here before a rotation into the mining sector can happen. I expect to see some sort of recession to come this year. The PM's should go parabolic AFTER they drop interest rates further from here and the money printing cranks up again.

https://mishtalk.com/economics/continued-unemployment-claims-jump-by-42000-expect-worsening-conditions/

Trudope is a big cry-baby/pussy now that he's leaving. IMO the Canadian people should be crying tears of JOY that he's gone. Good riddance.

https://www.msn.com/en-us/news/world/trudeau-brought-to-tears-during-press-conference-as-time-as-pm-nears-end-during-us-tariff-war-i-put-canadians-first/ar-AA1AryIK?ocid=BingNewsSerp

Looking really good here with these Duparquet drill results. The previously disclosed numbers are fantastic.

https://firstmininggold.com/news/first-mining-provides-update-on-2025-exploration-program-at-the-duparquet-gold-project-and-mobilizes-first-drilling-rig

Here's a LEGENDARY mining investor that agrees with Keith on where the silver price is headed. Eric Sprott thinks silver is headed to $250 per oz.
He talks about it in this interview.

Luke Gromen gives an amazing interview here. Most of the discussion revolves around gold and how he sees it currently in the financial system.
If you have the time to watch the whole interview, I highly recommend it. Luke explains in detail why gold is returning.

Yes, we know it's only beneficial for FN, but can it hold up the actual EA process? This is the question he won't answer. Paul in IR told me that we didn't HAVE TO HAVE the FN approval to move ahead with the mine. That's all well and good, but can they hold up the final EA approval from the Feds? He never says if it can or not. I HOPE it can't.

Another thing he mentioned in the interview was about getting the mine built. He's now giving a 2030 timeline for the mine to be producing. That's yet another timeline he seems to be pushing back because if I'm not mistaken, he had previously said Springpole would be built sooner.

Mining timelines are made to be delayed and pushed back.

I think the First Nations will be onside, it is only beneficial for them as he rightly says. Do we go ahead and build the mine? If so where is the money coming from? Or do we just get to de-risking stage with all permits in place then sell us? If we got to build the mine this is 3 years away.

Thanks for posting that interview.

I can't believe he finally got around to talking about what's happening with First Nations. He mentioned the talks with them were important, but he STILL doesn't get specific about how that affects the final EA or if it may lengthen the EA process. That is disappointing.

Another thing I would like to know is that since all of the OTHER projects are getting bought up, how many buyers are left to JV or buy us out? He talks in almost every interview about other projects being acquired, but somehow, we're the only one left to be bought. LOL

I suppose that could be a good sign that they're not selling us out on the cheap and mulling out the VERY best deals. Let's hope so anyway.

New interview with Dan. He mentions EQX would be interested in someone like FMG in a couple of years. I remember Ross Beaty saying he likes to grow companies as quickly as possible. That I think would get them over the USD 1mil OZ a year production.

While I agree 100% with the points, you're making about further share dilution, I think Management is stuck between doing more share dilution (even down at these depressed price levels) and possibly selling off assets they don't want to sell. Dan has talked about doing both since their last share offering. I think Dan's been talking too much out of both sides of his mouth is my take on his moves.

Of course, this is why I've been beating the drum on finally getting some sort of JV deal done OR just maybe doing even something like another silver deal like we did with FM at Springpole. As much as I don't want to see them sell important assets on the cheap, at this point I think more share dilution is more harmful. IMO finding a bottom for our share price should be their main objective.

I firmly believe that until the share dilution stops the share price will continue to suffer.and move lower. Surely our Management understands that too.

I'm going to call and speak with Paul again in the next week or so, maybe after the PDAC show is over, but I will happily share my conversation with him here. Hopefully he can shed some light on what's happening now, because if they don't do some sort of deal in the nex 2-3 months, I would expect another cash raise to happen by sometime in the summer.

I think we are far beyond the point where dilutive financing makes sense. I would hope they have other plans in mind, but Dan seems to rely on share dilution to keep the company going. I have mentioned all of this before to Paul. I am sure we would all be curious if you are able to learn anything useful out of Paul but not sure he would be able to disclose much anyway. I think we are all curious observers at this point and less informed investors regarding FMG.

I'm far from writing this Company off and I do think Keith has a plan, but the bigger question is how low can the share price continue falling before we begin getting hostile take out offers? That's what these people better have a strategy for. Keith does have a lot of balls in the air, but he also owns a lot of FF shares, so my guess is he wants to make money, like we all do, so I try staying positive.

Have you spoken to Paul lately? I've intended on calling him but may wait a week or two longer before doing so. There's going to be a point in time with a lower share price where further dilution won't be very viable. Dan had better be deciding on what assets to sell instead.

I see we had another big 2 million share trading day today.

Regardless - with near all time highs in gold, this stock continues to tank. Our esteemed CEO can only whisper about future continued share dilution. I have mentally written off this stock as a complete loss due to current management and their strategy. If they succeed at this point, it will likely be by luck and not from a grand strategy. Maybe Keith is not in a hurry or really focused on FM and Gatos acquisition and JC and upcoming tariffs and FMG is just not a priority. I am sure Dan has a nice paycheck and will continue to sip from the never ending cup as long as there is share dilution to tap. I would love to be proven wrong but something seems off.

We may be seeing the big rotation happening today with the stock market tanking and PM's being up nicely. There was a GDP number that came out today that shows the U.S. economy is slowing in a big way. Recession is being bandied around on the biz news today. No one thought that was even possible a week ago.

News like this is all it takes to turn the market SUPER bearish, and it would appear that's what's happening now. Trump's tariff thing may be aggravating the situation also.

This is what we've been waiting for. We may see the PM's correct some as the air comes out of the stock market bubble, but when the prices finally bottom that should be the next big move higher for the PM's.

https://www.zerohedge.com/markets/atlanta-fed-slashes-gdp-forecast-again-after-small-dip-ism-manufacturing-survey

I agree, Armstrong can predict based on an exceptional ability to understand and analyze history.
But he has no idea of how Providence can intervene in unprecedented ways. Much of what we have seen and
are about to witness will be unprecedented and is therefore very hard to predict. Only IMO of course.

Yes, VERY interesting. I thought his take on why the physical gold is exiting Europe was a different view on the gold repatriation situation and as I said there is some history with that IF the war escalates further and we know that's certainly possible. Protect the gold at all costs.

The Europeans HAVE to kiss Zelensky's ass to hold Putin at bay, Trump isn't playing that game, and I was certainly glad to see Trump send him packing on Friday. This whole war fiasco was brought on by Brain-dead Joe and the weakness he showed the world, to embolden Putin. Trump has to attempt to clean that mess up without throwing an endless amount of money at it. Of course, that's what Zelensky and the EU want to continue to see happen. IMO it won't.

Armstrong is savvy and has a good knowledge of history and what's going on behind the curtain. I'm not sure I agree with everything he says, but most of it makes good sense to me.

Interesting isn't it. That is the interview I mentioned in my last post. I just wish the media would give the truth on how big a scoundrel Zelenskyy is. Instead, they call him a hero/warrior. Media blames Trump for the argument he had with Zelenskyy. Saying, Trump ambushed him, yeah right. He is just a corrupt puppet. Getting rich on our tax money. It seems like just about every leader in the world could be labeled a puppet.
Martin has an amazing program to predict trends and his predictions are unbelievably accurate. Deserves to be listened to.

Interesting commentary from Martin Armstrong. He believes that one of the main reasons the physical gold is being repatriated back to the U.S. is because of an impending European war between the EU and Russia and their backers. Remember that's also what happened back in WWII, so there is some history with that theory.

IMO that may be just part of why it's happening, but after what I saw this weekend with the Europeans sucking up to Zelensky, it seems like that may be where they're going. A different twist.

https://www.zerohedge.com/geopolitical/europe-falling-martin-armstrong-warns-thats-why-they-need-war-russia

This is a really good Larry McDonald interview. He's calling for a recession and explains why they have to have one to bring down the inflation that Janet Felon created.

The recession will usher in the rotation out of the AI and tech stocks to commodities and gold. Larry does a great job of explaining the whole set up. I totally agree with what he's saying.

He even mentions how Agnico is outperforming Microsoft, RIGHT NOW.

Anybody see this? I find it very hard to swallow if physical gold isn't still very important to the monetary system that they would take the measures they STILL do to protect it. Here's a very interesting video touring the gold vault in New York and as Mike Maloney says everyone is just talking about the gold held in For Knox, but what about all this other gold in other locations? Who really owns this gold? If its owned by other countries, are they ever going to see it again?

We'll probably never find out the real story but being that this is really the citizens of this country's gold we should know. I hope Trump will get to the bottom of this scam.

https://goldsilver.com/industry-news/video/the-secret-gold-vault-80-feet-below-manhattan-whats-really-inside/

I'm not a big Bill Maher fan, but I happened to watch a few minutes of his show yesterday and who did he have on. It was the Canadian liberal party's probable replacement candidate for Trudope. I think her name was Freeland.

They were talking about exactly what the article I'm posting is speaking to. Trump, with all of his crazy talk about Canada becoming the 51st state is getting the left in Canada stirred up and this is going against the conservative party.

As shareholders in a mining company based in Canada, IMO we want to see the conservatives get back in power. That means less onerous regulations and less government.

I hope for Canada's sake the conservatives win.

https://mishtalk.com/economics/is-trump-inadvertently-helping-trudeau-and-the-liberals-in-canada/

Yes, you're bringing up some valid points. We have a LOT of options available to us and IMO Keith is probably exploring all of them.

Not to say what he may be thinking about how FM needs to come into this story. FM is building a big cash war chest for future purchases. Would that be as a partner at Springpole? Maybe.

I've said this before, when the silver price finally takes off FM will be printing money and they'll be able to buy whatever they want. Gold will go to the moon after this next big correction is over and the big producers won't be able to buy these gold properties on the cheap anymore.

My guess is the talks are heating up, especially as we get closer to getting permitted. I've been adding shares on weakness.

P.S.: Cameron is a property with a hellava lot of gold. Keith knows that and why we're holding on to it.

I keep thinking about Kinross or Evolution being a partner with Springpole.  Both are in the area.  

Kinross could probably start production at Springpole even before Great Bear.  

Or is there a wild chance if  West Red Lake production does well, maybe Frank G will help West Red Lake buy into half of Springpole?

Having 2 big gold projects is a good thing.   
Does the Cameron property have a potential project?

Thanks for those clarifications. Agnico's mill at Malartic is from what I see about 79 miles and only a 1 hour and 20-minute drive from Duparquet.

Whether they have any rail service from those two areas is something else to check, but the distance we're talking about is not bad. My guess would be that Agnico would be a very interested party at least in Duparquet.

Agnico is a major player in Quebec and Duparquet's big potential would seem to be something they would want to be involved in. We'll see how it plays out.

Great interview. 

I just did a quick search of Agnico production properties near Duparquet. 

1) Macassa is 1 hour 23 minutes away.
2) LaRonde is 1 hour 6 minutes away
3) Goldex is 1 hour 42 minutes away.
4) Canadian Malartic is 1 hour 30 minutes away.


By contrast the Agnico acquisition of O3 and especially the Marband pit location near Val-D'or  is only about 30 minutes away from the Canadian Malartic mill production on East/West highway 117.  Pretty straight shot.  

My impression:  
Agnico is very impressive.  Focused on low cost high return projects.  

What other gold production exists near Duparquet? Maybe a research task for another day. 

Bottom line, Duparquet and Springpole will have to stand up on their own merit and EA permit completion progress.  Springpole would seem to be at a beneficial place on the Lassonde Curve.  


I don't understand the Duparquet property well enough to know how far away from production they could be based on the "smaller footprint" plan alluded to in a few interviews.  Could First Majestic open the  "smaller footprint" production at Duparquet and use that to fund the Springpole and Duparquet build out?  Maybe that is the path forward?  

Here's Agnico's CEO at BMO. This company is top notch in the gold mining space, it would be nice to partner with them at Duparquet. I'm not sure how far away their mill is from Duparquet, but they have a lot of properties in Quebec. He talks about some of them.

O.K., here's a really good interview from Keith at the BMO show down in Miami. He mentions ALL the big players are there. Hmmm.

He speaks to the money they're raking in now and says they have $400M in the bank. He also says they're looking for OTHER acquisitions. Wonder if that has anything to do with FMG? I would think that could be on the table. He doesn't mention FMG at all.

He mentioned Jerritt Canyon in passing, but didn't get into the details about where they were with it. Must be hot down there looks like he had his summer haircut going.

I ran across this video and thought what this Guy says makes a lot of sense. He gives some nice facts about if they really do have the gold. He also makes my points about is the gold there REAL or counterfeit and when it may have actually left. Also, is the gold remaining actually U.S. gold or someone else's.

He says in the video that Elon Musk doesn't think the gold is still there. I would come closer to believing
Musk than I would this crooked government.

The EU needs to wake up and come to grips that WARS ARE VERY EXPENSIVE and just about every EU country is either nearly broke and/or has sub-par armies to fight wars. Unfortunately for the U.S., we've been the scapegoat for them too long and and Trump has rightfully said those days should be coming to an end. Most of the money keeping NATO afloat is from the U.S.

I don't think they want an all-out war, I just think Zelensky is a dumbass and is stupid enough to think he can berate Trump and America to their face. Trump sent his ass packing and that's exactly what should have been done. Zelensky needs to be replaced pronto. He just like the EU expects too much. They're entitled. Fuck them.

I heard Zelensky didn't think they should be expected to pay back any of the billions we've already given them to fight their war.

Well well. I had just seen an interview with Martin Armstrong where he said EU elites wants an all out war with Russia.
Looks like Zelnskyy got the memo. And the EU is telling him they have his back and offered soldiers. They may just get that escalated war.
Not confident how this will play out.

Nice article that gives some history and background on the U.S. gold reserves, including what's held at Fort Knox. That gold was stolen from the American people in large part.

https://www.zerohedge.com/precious-metals/gold-fort-knox-was-stolen-americans

Big market sell off today. Didn't the market know Trump and Zelensky are supposed to announce the end of the war tomorrow?

It would appear the market is selling the news. LOL
No more billions of dollars to be thrown at a stupid war, I guess. Makes some sense.

So, it looks like now Elon Musk is admitting that AI is going to prevent a lot of humans from keeping their job. I was wondering when that admission would be made by the tech Gods.

The article states Musk thinks this willl eventually usher in a UNIVERSAL HIGH INCOME, not just a universal basic income. IMO the basic income will come BEFORE the high income shows up.

https://finance.yahoo.com/news/elon-musk-predicts-universal-high-160015532.html

Interesting interview. This guy makes some good observations about what may be going on. Bretton Woods II

https://www.zerohedge.com/news/2025-02-26/gold-paper-scheme-unraveled-prices-are-about-explode

Like I said, I don't know if what he's saying is accurate or not, but he said we have $28T in TREASURIES COMING DUE due in 2028.
i don't know if he's right or wrong, just posting what I see.

I believe in that 28T included all debt not just Treasuries maturing. So he misspoke IMO.

I was just watching this Andy Schectman video and at the very beginning of it they preview the interview. Note what he says in the very beginning of the video.

He says that $28T of treasury debt will be due in 2028. I'm not sure how he gets to that number, but that's what he's saying. Check it out.

I noticed Steve Lines had exercised 335 042 rights (resulting in 335 042 common shares) as recently as 25 February. Always nice to see him commit to more shares since he is in charge of the entire EA process. This is the guy who knows exactly where we stand with regards to the EA approval. The key point here is that even though it might sound like a small amount of shares it might be a significant amount for him personally. We don't know what his personal financial situation looks like, but 40k (CAD) or so could most definitely be a major purchase for most people. Seeing as he did not have a significant position before I think this is a good sign. If Steve had zero belief in the EA progress I would almost be certain he would not commit to more shares in the company at this point. I think this is a very strong signal from him personally that he thinks we will make it to the finish line with the permits. We will of course see if he sells any shares, but I really doubt it seeing as the current share price is more or less his exercise price, so the gain would be marginal. Insiders were all granted rights and options recently (14 Feb) so there could be something brewing maybe. Maybe some good news regarding FNs incoming?

US Treasury Debt/Bonds VS. Holding Gold ..... summed up by Garrett Goggin .....

SKIP FORWARD TO 12:20 OF VIDEO .....



TRANSCRIPT .......

"the reason why Gold is such a superior asset to treasury bonds ... is

because if you're a country, any country, and you own treasury debt and

you run a foul of American foreign policy it's like; "Boop" (press of a button) gone ...

all your billions are gone ...

where'as Gold, you hold it in a vault underneath your Central Bank,

guarded by the military ... no one's taking your Gold ...

so a lot of countries - China has been moving away from treasuries ...

China's buying gold ... Russia's buying gold ... BRICS are buying Gold"

IMO the U.S. is in a debt death spiral and people like Elon Musk know it. He's already said on more than one occasion that I've heard that if they don't get the spending under control the U.S. will go bankrupt. What a bankruptcy would actually mean is unknown, but I assume it would mean the dollar is out as the reserve currency.

I agree with You Trump's gold card is IMO grabbing at straws. I don't see it being very successful. Lutnick is on TV as I post this and he's saying they hope that one million people will go for this idea. I'm skeptical that could ever happen. I will give them some credit for at least coming up with some new ideas,

I've said it before here, the spending has to be pared back in a big way, IMO they can't earn enough revenue to make up for the out-of-control spending.