First Mining Gold Corp (FF) News

Here's Jim Grant from an interview on CNBC talking about rising bond yields. He gives some nice insight as to why this is happening and why the Fed may not be able to continue cutting rates. Keeping rates at zero for all those years is a big reason.

Yeah, I would agree. The only thing that may surprise us is what caused the correction to happen. It's been my experience that if the folks predicting the reasons for a downturn say it may come from this happening, then most likely it will come from another source, NOT what might be expected to happen.

Some of the pundits this morning on CNBC are actually saying a 10-15% correction in Jan. will be good for the markets going forward. What if what's coming causes a much bigger move down? I don't see how these people can attempt to predict the move down without knowing what causes the move in the first place.

Nothing should surprise us at this point. The long-overdue market correction will happen.....the questions are how much and for how long?

I just saw this article. The author makes the same points I saw on TV this morning about the 10 year going back up to 5% or higher. Note what the article says about the incoming Trump administration "breaking" something going forward. That event might cause the market correction.

https://www.msn.com/en-us/money/markets/the-stock-market-rarely-scores-hat-tricks-this-strategist-fears-what-s-next/ar-AA1wQCHU?ocid=msedgntp&pc=U531&cvid=827cd2c6521149d3a6e52c81fc22ab80&ei=34

I agree. It looks to me like we're setting up for something to topple this apple cart going forward. The election is behind us and the feel-good rally for Trump winning the Presidency is wearing off.

I was just listening to a Talking Head on the biz news make a really good point about what might throw a monkey wrench into a continued rally. He was talking about the 10-year treasury going back up to 5% or higher. If that happens, he was saying the Fed would be forced to most likely stop lowering rates and reverse course and RAISE rates going forward. This is something Peter Schiff has been saying because he thinks the inflation we're still seeing isn't going away. Steve Hanke still thinks it will. I'm thinking maybe we need some sort of shock event that will lower inflation and the only thing that might do that is a market crash or recession that will bring the froth we're still seeing out of the economy. I don't see inflation moving a lot lower unless the stock market corrects significantly.

Of course, if that were to happen the markets would sell off in a very big way and the Fed AGAIN would look like a bunch of Idiots that don't have a clue about what they're doing. Trump would raise holy Hell because he wants to see lower rates to continue the easy money theme.

What happens is anyone's guess, but IMO we're getting closer to something happening.

Just watched the Mike Maloney video you shared. Wow, the chart is really looking like it did during the dot com bubble. Nuts. I can't believe the top 10 stocks have a market value of 20 trillion with total US GDP at 27-28 trillion. Apple trading at 10 times their sales and is valued at 8% of the S&P 500?

What is wrong with those top 10 companies being worth more than the German, Canadian, Indian, UK and Japanese stock markets combined? Lol

The chart divergence between the S&P 500 and the LEI index was not something I had been aware of. The seem historically pretty connected...until recently.

All of this is a correction waiting to happen. It amazes that Felon and Powell have keep this floating higher for so long.

Happy New Year
https://justthenews.com/politics-policy/energy/trump-will-open-doors-fossil-fuels-and-mining-2025-obstacles-and-challenges

I found this short video interesting in terms of how overvalued the stock market is currently to history. They give some nice comparisons.

https://goldsilver.com/blog/i-find-this-scary-because-its-what-happens-in-a-blow-off-top/

Yeah, I laughed when I saw it too. I knew you would appreciate it.

Interesting what he said about the HOT gold money now has left the market and the price is still up. His prediction that physical silver was a buy if it got back down to the $27 range is most likely a buy too. I see more selling in PM's if we get the market sell off that seems to be in the cards for the Jan./Feb. timeline. I hate to even contemplate on where the FMG share price will go. Lower would be my guess, without some really good news.

That was hilarious! Those photoshopped Yellen photos were awesome! I also watched the rest of the video and found his analysis interesting. Particularly the gold price and gold open interest chart at about 20 minutes into the video.

Hey, Seablue maybe this is where she was? Probably giving her buddy Xi a hand-job.
Xi wants to see that ugly-ass hair dyed black with some appropriate, China-themed clothes on. LOL

Wouldn't surprise me if she did more grifting than her Brain-dead boss. They all have their private slush-fund accounts, no one knows about. Very sad for America.

https://www.zerohedge.com/news/2024-12-31/yellen-real-treasury-hacker

Here's Prof. Steve Hanke's latest interview with David Lin. Hanke is IMO very close to having the economic situation correct. He's been talking about a recession coming for a while now and he's been late with that call, but with the supposed slowing of the money supply he still thinks it will come. I think Janet Felon back-dooring money into the System is probably what has kept the economy floating.

Hanke's take on Trump and what's going on with Bitcoin is IMO spot on. He makes the good point that over half of Trump's campaign donations were from Bitcoin backers, so that tells us a lot and in large part why he's pumping crypto. Hanke, like Buffett and Peter Schiff think Bitcoin is a fraud and he gives some reasons in this interview.

Like I have been saying for ages, the political wind in Canada is changing massively:

https://torontosun.com/news/national/support-for-trudeau-liberals-fall-to-historic-lows-rivalling-partys-worst-defeat

Trudeau and his liberals are on their way out and we will definitely get a better business environment going in Canada. This can only be good going forward for all mining companies seeing as we already have our assets in the best mining jurisdictions on the planet.

Where was she. It's clear she was the Idiot that was creating the big problems she's warning everyone about now, just weeks ahead of her leaving her post. This woman is a total fuck-up. I think she was instrumental in keeping the bubble from popping in the last couple of years by pumping more money into the economy. That was a major cause of the inflation we've been seeing. Felon is really good at doing crap like that from her past life as Fed Head.

We see the lie told by scam artists like her portending the disaster coming around the corner if they don't head off her policies. We see this happen regularly with the old regime leaving power. If she had been running the money printing properly, she wouldn't have to warn about the impending doom coming.

So where was Felon yelling the sky is falling six months ago?

We've talked ad nauseum here about when money will finally come into the miners. IMO it won't happen UNTIL money rotates out of other parts of the market. I.E.: tech, retail, Bitcoin, etc.

I don't see that happening until the stock market tanks and it becomes clear to the Street economies around the world are in trouble. The recession word starts being used more on MSM TV. Everybody thinks now that Trump is in charge that ALL IS WELL. I'm thinking the opposite might happen and we hit some potholes along the way. Money won't move into the miners until it moves out of other assets. The gold price has to go a lot higher too. Gold will move higher after panic and fear come. That's why gold is a safe haven asset.

It has to be crystal clear to the Street that the miners will be making a lot of money going forward and that's why the sector should be invested in. It's clear that rotation hasn't begun yet.

I didn't see any replies to this 20 minute video posted recently.  Thanks for sharing. 

Video was actually from 3 months ago, September 2024, but very relevant to the Junior mining sector. 

Jeff Clark of Paydirt Prospector said "The fuse has been lit" on money eventually flowing into the Junior mining sector. 

Very interesting 20 minute video.

I don't think it would mean going to war with the countries you mention as much as it would mean China being ostracized by them. China has taken the stance that Taiwan is still part of China. Taiwan and most of the world would disagree on that presumption, but that doesn't mean at some point in time China won't attempt to invade Taiwan. I personally think they will.

So, what might happen after that takes place (if it does) is anyone's guess. Will the U.S. and the rest of the world go to war for Taiwan's sake? That's the $64K question. We'll have to see how this plays out, but unfortunately at some point in time China is going to challenge the U.S. authority. That's definitely coming. We also know the Chinese are calculating and will play the odds to their favor when they think we're most vulnerable

If and when China does make a move into Taiwan that will be very favorable for a higher gold price. I hope the FFMGF share price will have already made a move higher before that happens.

If China goes to war with the U.S. - that means also going to war with Australia and Japan, Taiwan, South Korea, Indonesia, NATO allies, India and list goes on. Where would they sell their goods? Would average Chinese citizen be onboard with this? I would see a political upheaval as more likely in China if the economy truly worsens and it is known that the Elites (aka Deep State/Swamp) still are doing well if not better. In the end, I wouldn't count on war to (by extension) lift FFMGF stock. I think we have enough truly practical reasons surrounding sound money and global deficit spending to warrant a return to Gold. Now we just need FFMGF management to get us over the top.

O.K. what's being discussed in this interview IMO will be the MAJOR catalyst for a much higher gold price in the next few years. It's geopolitical in nature and it's most likely going to involve the U.S. and China in a military conflict of some sort.

The fellow in the interview is very knowledgeable on what he sees as possibly coming. He makes the valid points that what may be coming with the tariffs Trump says are coming and the set up for what happened with Japan going into WWII are very similar. China is hurting economically and is gearing up for war, RIGHT NOW. The Chinese consider economic warfare as basically undeclared war and they're moving in that direction.

What should be very concerting for the West is China now currently militarily the most dominate power in the world? My guess would be yes, because the U.S. is not really preparing or ready for a major war. Our debt is another major problem for our building back up the military going forward. Wars are very inflationary by definition, so economically wars are caused by deflationary events happening.

This is all going to come to a head moving forward and PM's will be a major beneficiary of these events. This is a MUST watch.

Anybody else see this? Will this start the economic shit storm?

https://www.msn.com/en-us/news/politics/start-taking-extraordinary-measures-treasury-secretary-issues-ultimatum-to-mike-johnson/ar-AA1wAM0I?ocid=msedgntp&pc=U531&cvid=b9c6d098d23847bfb7501671d4219238&ei=28

IMO the Fellow giving his opinions in this video makes a lot of sense. He talks about different investing subjects but seems convinced the overall markets are in a bubble and including Bitcoin. They talk to past manias and how they busted. He brought up about how Warren Buffett is getting out of stocks.

Right, if that was a paid promo, then they did a pretty poor job of explaining ALL the positives for the Company. It may not have been a paid promo, but we don't know who was even giving their opinion on the company, it was just two voices talking. I would've given a lot more credence to an opinion coming from say an Eric Sprott, Rick Rule, or Jeff Clark.

I'm hopeful the Company gets a lot more positive talk as we get closer to a JV deal and/or the Springpole EA permitting being finalized.

That is what I am thinking also....dilution not really an option at this point.

If that was a paid promotion why waste the funds....on folks who did not even cover all the positives still out there?

2025 will be an interesting year for us, there is not doubt about that.

Why do You think Dan said they would be looking to raise cash from sources OTHER than more share dilution? Why? Because our share price is nothing, it's so depressed we're almost past the point of doing more dilution going forward. Sad to say, but true.

That's why getting some sort of deal done should be on the top of their priority list. It's going to come down to selling something we most likely don't want to if they can't do a deal most likely before mid-year.

A 65% premium above today's share price puts us at about .14 a share. LOL
Yeah, that would make everyone that's been holding for 8-9 years here really happy.
That ain't gonna fucking happen.

Who were the mystery voices explaining all the reasons to buy FMG, (but really make sure you do your own DD)? They asked a lot of questions but didn't give many very solid answers. LOL We know the shares are undervalued, but why is that? Dilution was mentioned.

The huge thing they never addressed was Keith Neumeyer. I kept waiting for them to say something about him, but it never came. They talked about the projects, the Lassonde Curve, and harped on the asymmetric upside. All are relevant, but Keith is the biggest reason to own shares in FMG and he or his past history of building billion-dollar mining companies were left out. Hmmmm.

Whatever the reason for this video being done is good PR for the Company, but If the Company paid for this to be done, then they need to make some improvements to it. JMO

P.S.: I never heard anyone say what they thought the Company was actually worth currently. It's just undervalued.

I'm basing my predictions only on what Dan is saying in the year-end interview. This is ALL based on what he's saying. There's no doubt Dan's made a lot of missteps in the past on prior timelines. Let's hope he doesn't screw this up.

Dan has also said that most of the questions for the EA have ALREADY been submitted by the Feds and Steve Lines and his people has answered them already, so whatever questions the Feds have in January should be minimal. FMG should quickly get back their reply to the Feds and keep the timeline on schedule.

If what Dan said is right, IMO we should have a deal done prior to the final EA being formally approved in December 2025. That's only a prediction on my part. We'll see how this goes, but at some point FMG and whoever we partner with will know (prior to it being announced) that the EA is good to go.

Keeping the faith , it has been a very long wait ,

Interesting video. Thanks for sharing.

I certainly would not be happy with a 65% premium over today's share price. I think a lot of us have a cost average far above that.

A few items they did not discuss were the royalty portfolio, FF's interests in Pickle Crow, NexGold and Big Ridge Gold, the homogenous ore body at Springpole and the likelihood of further discoveries at both Springpole and Duparquet.

A weaker share price is not good for a couple of reasons, one of which they discussed - dilution. That issue has been discussed a lot here so I will not address it further. They related in a general way that the share price reflects on a couple of things - belief the project(s) will ultimately make it to the finish line, belief in management, etc.

Found this earlier

June of 2025 is not far away, BUT some of the timelines have been extended far beyond the original predictions.

I feel like politically things are moving in our favor, so hopefully the timelines they have been talking about lately hold. Also, if oil drilling and permitting resume in earnest we should see a drop in fuel prices, increasing producers' free cash flow and freeing up money for acquisitions and/or partnerships. I have repeated this a lot but it is worth mentioning. Looking forward to seeing how this all plays out.

I want to address another issue Dan talked about in this last webinar. I don't think it was discussed here.

That being the issue of the progress of the Springpole EA in 2025. Dan discussed it in some length in the webinar and IMO he may have said something that could tell us when we might have any potential deal closed with a JV partner. He talks about it in the part beginning around 13:30 of the webinar segment titled "Springpole EIA milestones and technical review".

https://firstmininggold.com/investors/media/

He said they expected to get questions back from the Feds in January and when those questions are given the clock stops on the process until FMG comes back with their answers, the clock would then start again. Here's where the rubber meets the road, so the speak. The questions submitted by the gov. will be made public and ANYONE, including our potential JV partners will be able to see what's happening behind the curtain. Dan, then went on to say that they expect that Q&A process to be over by the end of June. At that time, it has to get the final seal of approval by the Minister. IMO that will just be a formality, until the clock runs out in December.

So, what I take from Dan's EA timeline talk is this. MAYBE any potential JV partner will want to see all the questions the Feds have get answered BEFORE inking a deal with us. They want to be sure there are no landmines from the Feds holding up Springpole and at the point in time when all the questions are deemed answered the Feds give approval. Dan told me in the past that FMG expected to have a partnership with someone BEFORE the gov. gave the final EA approval, so this may be what he's talking about. Just my guess anyway.

Such a scenario would IMO open the door for a JV deal getting done sometime after June 2025, when any final questions from the Feds are completed. How Cat Lake and the FN folks play into the grand scheme I don't know, but we know the gov. approval is most important.

I'm sure we'll all be shocked at what's uncovered by the DOGE team in the days ahead. This is corruption and bureaucracy at the highest levels. IMO there's a large percentage of government employees THAT DON'T EVEN WORK. We know many don't even go into work and just stay at home.

We always hear the Banksters at the Fed talking about the wealth gap/inequality in this country, well they caused it. It's going to be interesting to see the Deep State push back from the reforms that Trump's administration tries to implement, my guess is they won't affect that much change in the end. The corruption is too embedded.

I hope I'm wrong with that prediction.

Yep. Well, instead of Elon they could pay us. I have no doubt we would find BILLIONS of bloat and improper payments. I'm just saying....Musker and Ramasalami are in a target-rich environment. Federal employee hiring freeze and pay freeze. Anyone who is in charge of DEI and/or Workforce Engagement should be cut. Those positions are typically upper management with salaries of 200k to 250k. I believe HHS alone has hundreds of those positions.

Elon Musk is going right into the belly of the SWAMP beast. Check this article out.
Elon is stirring up a hornet's nest now. LOL I pray he does some good.

What these Jackasses are being paid is absurd.


https://www.zerohedge.com/markets/elon-musk-fed-absurdly-overstaffed

Yes, I noticed the same thing about her speaking to assets down in South America. She talked a lot about Peru and copper deposits, but the theme is the same for ALL mining property assets. Buy them cheap and have good management that knows how to develop them. That would be Keith in a nutshell.

We see the geopolitical issues have cropped up and IMO will continue going forward. That will be a major driver for a higher gold price, along with inflation and rising deficits.

Yeah, if we gave them a 50% stake in Springpole.that might work best for both of us. Their balance sheet looks pretty good, and they should be able to make something like that work.

As You said they have an operation at Great Bear Ontario (Red Lake) and that's not too far away. Acquiring half of Springpole with the option to buy out the balance later on would seem to me to be attractive for them. We'll see.

https://www.kinross.com/operations/default.aspx#canada

Their numbers look good now, $3,000 gold wouldn't hurt. If Trump and everyone else print like we expect we'll see that.

Maybe Barrick can buy Springpole. Lol. After listening to her I can say she and the folks she partnered up with timed their acquisitions well. Just like Keith did. One big difference was a lot of their work took place in South America...much more risk than Canada. Glad FF is in Canada and part of it goes back to the beginning where she talked about not only getting the metals cycle right, but the geopolitical cycle as well. It is looking like the geopolitical cycle is turning in our favor as Justin falls out of favor.

From Kinross Q3 Report:
They still have some debt, but they do have some liquidity.  They sold the production mine in Russia.  Would Kinross be able to build Great Bear and Springpole at the same time?  If they bought into Springpole at 50% they might be able to stagger both projects.   Plus, it would make sense for a company to buy into Springpole to maybe be first in line to bid on Duparquet later. 

 In 2 or 3 quarters Kinross could caseflow a 50%  investment into Springpole. 


Balance sheet The Company continued to strengthen its balance sheet by repaying $350.0 million on its term loan in the quarter and an additional $100.0 million following the quarter. As of November 5, 2024, $650.0 million has been repaid on the $1.0 billion term loan in 2024. Kinross had cash and cash equivalents of $472.8 million as of September 30, 2024, compared with $352.4 millionat December 31, 2023. The Company has additional available credit6 of $1.65 billion and total liquidity7 of approximately $2.1 billion. On October 28, 2024, the Company amended its $1,500.0 million revolving credit facility to extend the maturity by two years to October 2029, restoring a five-year term.

I've never heard of her either, but in the interview, she made some good observations about what mining companies have to do to be profitable and move their mining assets forward. The first being to buy the properties at the right price (cheap) and secondly to have good management. We have both of those present with FMG.

I see she is affiliated with Kinross Gold. This last time I spoke with Paul H. he made mention of Kinross. I have no idea why he brought them up, but we were discussing potential partners for us and he brought up Barrick and somebody else, but lastly mentioned Kinross. I remember thinking to myself why did he mention Kinross? It seemed sort of strange that he brought them up, after mentioning the other companies. It made me think maybe we could be in some sort of talks with them. Speculation on my part.

I apologize if anyone has already posted something about Barrick and the Mali government conflict.   

Dan replied to a post on LinkedIn about this mess.  His post pointed out that Canada is one of the best gold mining jurisdictions in the world where First Mining has 2 great projects. 

https://www.barrick.com/English/news/news-details/2024/barrick-update-on-mali-operations/default.aspx


Just another reminder that gold in the ground is great.  Location is a big deal as well.

Interesting video.I've never heard of catherine mcleod-seltzer before and yet she is on the Kinross BOD.

Let me throw this out there one more time.
The price drop in gold in early November increased heavy buying.  


https://kingworldnews.com/massive-comex-deliveries-have-taken-place-since-thanksgiving/

Yes, I find it more than coincidental that Dan keeps talking about the Osisko/Goldfields deal AND that even in this last interview he just happens to mention how much money the deal was for.

Is Osisko's Windfall property comparable to Springpole? I think Windfall may have been a better asset, but Dan does keep comparing the two. The important fact is that if they can do a deal that's structured like that deal, we should be in good shape going forward. We'll see what happens.

I do remember him talking about the Osisko deal several times now, so you're probably right that that deal is one of their preferred means of structuring their own deal in the future.

I also noted Dan spent quite a bit of time discussing it in this most recent video and has also spent quite a bit of time discussing it in past videos, so you're on to something there.

I just watched this interview with this Lady whose family has been in the mining business for many years. A lot of her interview talks about the mining industry in general, but she makes several comments on WHY companies like FMG are home-run plays.

She talks about buying assets at the low-end of the cycle (which Keith has done) price-wise, and riding them up as the prices move higher. Of course, we've seen gold do that in 2024. The gold move up is still not reflected in the price of the gold in the ground, but that's coming.



Looks like the link is not opening for some reason. If You want to watch it go to miningstockeducation.com channel on YouTube
The lady doing the interview is Catherine Macleod-Seltzer.

I just watched this interview with this Lady whose family has been in the mining business for many years. A lot of her interview talks about the mining industry in general, but she makes several comments on WHY companies like FMG are home-run plays.

She talks about buying assets at the low-end of the cycle (which Keith has done) price-wise, and riding them up as the prices move higher. Of course, we've seen gold do that in 2024. The gold move up is still not reflected in the price of the gold in the ground, but that's coming.

I just watched this interview with this Lady whose family has been in the mining business for many years. A lot of her interview talks about the mining industry in general, but she makes several comments on WHY companies like FMG are home-run plays.

She talks about buying assets at the low-end of the cycle (which Keith has done) price-wise, and riding them up as the prices move higher. Of course, we've seen gold do that in 2024. The gold move up is still not reflected in the price of the gold in the ground, but that's coming.

I just watched this interview with this Lady whose family has been in the mining business for many years. A lot of her interview talks about the mining industry in general, but she makes several comments on WHY companies like FMG are home-run plays.

She talks about buying assets at the low-end of the cycle (which Keith has done) price-wise, and riding them up as the prices move higher. Of course, we've seen gold do that in 2024. The gold move up is still not reflected in the price of the gold in the ground, but that's coming.

Read this article today.  

https://kingworldnews.com/massive-comex-deliveries-have-taken-place-since-thanksgiving/