First Mining Gold Corp (FF) Share Price

Anybody else see this? We've discussed it here before.

Judy Shelton is my pick for Fed Head. I don't think Trump would pick her. The member banks may not have a say in the matter. Trump can pick who he wants.
We know whoever he chooses they will be someone that does his bidding.

These two guys I think are the front runners currently. Hassett may be his pick. He would do what Trump tells him to do and work closely with Bessent. Hassett is in Trump's admin right now.

https://www.msn.com/en-us/news/politics/two-kevins-battle-to-be-next-fed-chair-in-trump-s-apprentice-style-contest/ar-AA1Ie23k?ocid=BingNewsSerp

Ha! If they are going to install Shelton, they should acquire all the gold they can get their hands on first.

I doubt the member banks would go along willingly if Trumper were to select Shelton.

Good volume today.

Speaking of J. Powell.

I'm watching Larry Kudlow's show as I post and they're talking about Powell might be OUT as early as this weekend. Trump is coming after his ass in a very big way. Trump's minions have been blasting Powell all week and this morning one of Trump's guys was saying Powell should resign sooner than later. I saw that myself, so this looks to be for real.

They're saying Powell lied under oath about the new $2.5 BILLION Federal Reserve building was a huge cluster-fuck engineered by Powell. It's only $700M over budget. This shit is only possible in Washington D.C.

We'll see how this plays out, but if Powell is forced out that would seem to me to be a problem for the markets. May be good for gold.

P.S.: Kudlow had Judy Shelton and a guy from the Mises Institute on and they were both talking about how screwed up the Fed is being run. I say put Judy S. in charge at the Fed. Gold would go through the fucking roof.

Another thing he made mention of was the problems they're having selling our long-term treasury debt. No one wants to buy it for fear of losing it all down the road.

Whalen was saying the short-term bonds and T-bills are what people want, not anything over 10 years. That reminded me of what Judy Shelton was saying in one of her interviews about Trump/Bessent coming out with gold backed 50 and maybe 100 year bonds. That might be a necessary move to get investors back into that market. They may have to do it for the 20 year paper too.

I listened to that part again.

IMO it's hard to speculate on what he was speaking to, but anything's possible. He could have been talking to pure silver play acquisitions too, since the conversation was about First Majestic. FMG is a gold play, but that could have been what he was talking about.

Chris Whalen is good. I'm not sure I agree with every point he made, but with most of them I do. Chris understands history and money.

He's totally right about the debt situation and the point he made about no one wanting to be the reserve currency is probably right. There's a lot of baggage that comes with being the reserve currency and IMO having the res.currency entails having the trust and backs of the rest of the world. In time that dynamic always slips away. The currency gets abused and debased over time. The industrial base leaves and goes somewhere else. That's already happened. The only saving grace is that right now there's no one else to take the baton from us, but gold will be the equalizer IMO. I agree with You 100% on China's world-dominance aspirations. They're moving in wherever they can.

I think what he said about Trump going after Powell in the manner he has is right too. Trump is like a fucking bull in a China shop. He doesn't give a damn about how he handles things. In the end that might be good for PM prices with the uncertainty it brings. He said Powell can actually stay on as a fed governor until 2028 IF he chose to do so, even if he's not the Chairman. Rest assured Powell will be out as Chair on at least May of next year.

I think I heard him say that stablecoins and crypto won't fix the problem because in the end they're still backed by dollars. The dollar debt is the problem, so I'm not sure how the Powers That Be would put lipstick on a pig, but I'm sure they'll try.

This is how I see the inflation thing and the tariffs. We aren't seeing any tariff inflation currently, BECAUSE THE TARIFFS HAVEN'T REALLY HIT THE ECONOMY YET. Trump's minions are saying we're not seeing any inflation now from the tariffs, but remember most of the trade deals have been pushed back and have not taken hold yet. Let's see if the inflation spikes again AFTER he ever puts them on. Trump's pushed them back twice now, will he do it again? I think most of his threats are mostly bullshit and he's trying to do deals and NOT have to use tariffs. The inflation will return in time, after the tariffs are in place, most of them aren't now.

Didn't take long to get to $38 per oz.Big day for Silver today.

Great discussion with Whalen. The US Debt to GDP chart at about 5:50 says it all - before the max was around WW II - totally understandable. But what did not appear in the chart is that this is even higher today with no major (declared) war taking place. Crazy.

Interesting how he mentions something we have discussed before.....no one wants the world reserve currency because of what it entails and while the USD will decline relative to other currencies it will remain the reserve. His view that China and Russia just want asymmetries in their respective parts of the world is open to debate as the Chinese are broadly expanding around the world including South America and Africa. I also think China would like to stick it to the US and possibly make a play for some of our pacific islands or perhaps more. They were moving on the Panama Canal until Trump put a stop to it. They are taking over ports all over the world as well.

I agree with him when he says Trump is having a necessary conversation with our trading partners but in a very aggressive and crude way. I think this part of Trump's personality is a huge negative for him and the US in general. You can be tough but not be an ass, but he seemingly likes to be a real ass at times.

I hope they are wrong in their discussion of a reacceleration of inflation with a compounding effect.

Loved his line that you can't pay bondholders with crypto.

I would laugh if Powell stayed on as Fed chief until Trump leaves. That would spark some fireworks for sure!

I don't understand how anyone - regardless of political affiliation - could say there is no inflation. Just defies everyday experience when purchasing goods and/or services. State Farm is going to raise property insurance rates like 20 or 30%, ComEd (an electricity provider in some states) is raising rates, the gas company in my state is raising rates.

If his prediction of NYC having to get out of public housing occurs I'll be surprised. The pols there would get crushed at the polls if that happens, so I don't see them doing it.

One interesting thing said around the 7:10 mark when discussing the next acquisition. He said 'maybe the next acquisition is being developed right now' followed by 'we just uh in the early stages'. Was he catching himself here - as it is a very interesting use of the word 'we' in this context. For me - this gives some credibility to the possibility that Keith has his eyes on acquiring FMG and establishing a strong foothold in Canada. Interesting....

Here's another Keith interview from Rick Rule's conference. There's not much new from his other Kitco interview and he doesn't mention FMG at all, but what he does mention is where he sees the silver price breaking out at. He's calling for $38/oz. as that number.

Guess where the price is this morning? https://www.marketwatch.com/investing/future/si00

Real nice interview with Agnico CEO at Rick Rule's show recently. Would be good to partner with them at Duparquet.

If you have time to watch this Chris Walen interview I highly recommend you do so. What he says makes so much sense. About halfway through the interview, he talks about the government using stablecoins and crypto. He thinks that's just a distraction from the bigger problem. The dollar.

Chris also is super knowledgeable about historical events that might happen again in the future. He also speaks very positively about gold and where it's headed. Whalen is a banker by trade.

Here's some background on the 50% Brazilian tariff Trump put on them. Seems mostly political in nature to me.

https://www.reuters.com/world/americas/trump-says-us-will-charge-brazil-with-50-tariff-2025-07-09/

Holy smoke! I had not heard about the 50% tariff on Brazil......and the tariff was placed for a non-economic reason. The tariff implementation (or lack thereof) has been a clown show.

I reviewed NexGold's website and according to their 2025 corporation presentation FF still owns 1.8% of them. That is another possible potential sale if we need to raise more funds. That being said, a lot of time, effort and money went into these deals and it makes we wonder if we would not have been better off just operating a small pit or small mill on one of the properties. Granted, most of the properties would have been a no-go because of the length of time it would have taken, but I would think maybe 1 would have been possible.

Frank G. is always a great interview, and the Man has an opinion on a lot of things. I agree with all of what he's saying.

He spoke some to dollar weaponization. I heard just yesterday on the news that Trump was putting a 50% tariff on Brazil. It wasn't because of trade issues, it was all politically motivated. They have a left-wing government there now and the Fellow before was right leaning. I guess Trump doesn't like the change, so he hits them with a big tariff. I would say that's a sanction, not a tariff. Of course, events such as this are not good for the dollar. I don't see how any of this tariff action is actually dollar positive and IMO just accelerates other countries AWAY from the dollar. I don't think Trump cares about that aspect.

The price moves we're seeing in gold is happening as more people realize what's going on with the change in rules for physical gold and away from paper gold derivatives, as Frank said. This will be a process that takes time, but as we draw ever closer to a debt crisis getting here people are going to move into physical gold and silver for real safety. Our mining shares will eventually go parabolic too.

Frank G discussion. The whole video is good, but if you don't have that much time start watching at about 15 minutes in the video. He talks about gold's status as a tier I asset.

Probably.

No telling what Dan's gonna have to do to get the approvals of the Big Chiefs. I'm reluctant to even speculate on that here, but it could get ugly. LOL

Pretty sure Keith is referring to EA + Mine Construction Permit + First Nations Dan Train Gangbang permit

IMO it's really hard to know what he's talking about without him being more specific. Yes, he does say FINAL APPROVAL, so I suppose its possible he's talking about having to acquire all the other various permits needed above and beyond just the federal government's approval. That may include provincial permitting and approval from First Nations in some capacity. I really don't know.

What I do know is he's confusing the situation. He said the same thing in an interview not long ago and when I asked Paul about it he told me that the Springpole EA was still on schedule for end of this year. That's the most important permit to have.

Keith may be speaking to getting ALL the permits they require to actually build the mine, which is why that might take longer?

hi , yes he mentions final permit at about 11:54 , Could it be that the biggest hurdle ( federal approval) is approved earlier than final permit?

It sounds to me like he's talking about the permitting getting approved. His reference is to how long it's been taking to get these mines permitted, so that's what it would appear to be what he's saying. Why is he saying 1-2 years away when the government approval is on track to be approved by year end according to Dan?

I would come closer to believing what Keith is saying than Dan, so what would the hold up be that Keith is referring to? First Nations? Provincial permits getting approved? I don't know, but I will be asking Paul in short order.

Keith said the same thing in an earlier interview.

We don't know specifically what Keith was referencing (EA approval or something beyond that) so I am going to give him the benefit of the doubt. That being said, Dan has made more specific statements and those timelines are continually wrong. I hope you are not right about something not being revealed.

If we're looking at 2 years then we will probably get diluted again and in a big way. Hopefully it does not play out like that.

Turbo, thanks for posting that! EOM

He's still saying the permitting is 1-2 years away from getting done. Why is he saying that?
Dan's been saying the government approval should be given in the next 6-9 months. Something is not being revealed to us here.

He side-stepped the question about mine nationalization in Canada.

11m 30s Keith talks about FMG.

IMO this is just the beginning of these scams becoming more prevalent and the move out of fiat and into PHYSICAL gold and silver continue. People are going to wise up to these types of scams and the biggest scam of all, which are the ETF's in these metals.

Just imagine the flood of physical buyers into PM's when the ETF's implode. That's when you won't be able to find physical gold or silver anymore. Physical silver will go parabolic because gold will be too expensive to own for the average person. Couple that with physical silver shortages and you've got the perfect storm.

These scams always materialize when the demand gets high. I ONLY buy physical metal that I can hold myself.

Very interesting. Supports the phrase "if you don't hold it, you don't own it." It would be nice if we could avoid any further scams involving gold as it would just dampen enthusiasm for it in China. Or perhaps it would increase enthusiasm for it - in physical form in the hands of those buying it.

Wonder if this had anything to do with the gold price drop today?

https://www.zerohedge.com/news/2025-07-08/news-china-gold-platform-implodes-600-million-ponzi

I see Mike Gentile and his group backing Big Ridge did a $5M private placement to essentially pay for our 20% stake in BRG. He owns a lot of them and is a big believer in the Company.

https://finance.yahoo.com/news/big-ridge-gold-corp-announces-110000934.html

IMO they should be up big. They got a great deal. Dan's big on giving our partners good deals.

Maybe we'll eventually make out on the Big Ridge shares we acquired for our 20% stake. LOL

Big Ridge Gold up 10% on the news. EOM

You may be right. Nothing short of some real game-changing event, like you mentioned with the EA approval or deal signing is going to help the share price, but we KNOW that further share dilution would only be a negative for higher share prices.

That in itself is a big reason to not do more offerings. Maybe they figured that out. I told Paul that myself on a number of occasions.

Keith has bought 1 250 000 shares filed on 7.5.2025. If that does not tell you we are making good progress then nothing will.

I dont think anything is going to significantly move the share price until EA approval and/or JV deal signed. The ship containing higher priced shares due to good management and strategy left port long ago.

I would add this thought to why they might not have chosen to do another share offering. The last time I spoke with Paul, he told me they wanted to try and keep our share price up because the higher our share price was the more leverage we would have in getting more from a potential JV partner. That makes some sense IMO.

That fact could have also weighed in large part to selling Hope Brook and not doing another offering. We know they're making a push to move our shares higher and doing another offering would have certainly been contrary to that effort.

The head Bullshitter in charge staying at the White House always talks about the great relationships he has with other world leaders. It would appear that other major world economies like Japan and South Korea are telling him to go fuck himself. They're not signing any tariff deals with Mr. Deal Maker. Since, Trump put the tariff narrative out there to everyone, there really hasn't been that much agreed to up until now. This is just a lot of smoke blowing.

https://www.zerohedge.com/economics/trade-tariff-recap-all-eyes-todays-12pm-signed-letters-announcement

I would agree. I believe Management is finally listening to shareholders about the excessive dilution issue. Hence the Hope Brook sale.

I personally would like to see them keep Pickle Crow, IF THEY CAN. My hope is that this money will get us past the finish line at Springpole and we can do a deal with someone before anymore share dilution OR asset sales have to happen. There's a lot of gold at PC, I don't want them to just give it away.

I still believe Dan fucked up royally in ever selling that property.

It is good to see that as shareholders - perhaps we got the message across that we are sick of the dilution and to dispose of non core assets even on the cheap as the first option. Now they can get rid of Pickle Crow next.

last week both Polman and Keith bought up loads of stock, good times ahead. Bigger purchases than previously.

Gold is going to make another move up soon IMO. Trump is stirring the pot again talking about levying a 10% tariff on all BRICS countries. Talk is cheap, but if he moves to do that the situation could get heated.

https://www.msn.com/en-us/money/markets/china-reacts-to-trump-s-new-brics-tariff-threat/ar-AA1I6xSQ?ocid=msedgntp&pc=U531&cvid=7d8d86f5ac4a4574962fffed44a4208f&ei=24

https://www.zerohedge.com/markets/tentative-mood-tariff-letters-expected-after-midday-trump-threatens-10-tariff-those-aligned

Maybe, it will be enough. We can't say for sure because we don't know what sort of negotitions about a possible Springpole deal might be in the works?

$3 million in cash isn't going to keep the ball rolling for very long, but it might be indicating to us that Management sees that as enough. I like that they sold something in lieu of doing another share offering.

Ooops....some kind of error. EOM

Enough to get to the initial permitting finish line?
https://firstmininggold.com/news/releases/first-mining-announces-sale-of-20-interest-in-hope-brook-gold-project

Enough to get to the initial permitting finish line?
https://firstmininggold.com/news/releases/first-mining-announces-sale-of-20-interest-in-hope-brook-gold-project

Just saw this. Looks like TACO Trump/Bessent are caving again on their tariff deadline. Now from what Bessent is saying they have until August 1st to make a deal. LOL. They already pushed the tariffs back 90 days with very little happening. This is all just a bunch of talk from these people. Trump's all bark and no bite.

https://www.msn.com/en-us/money/markets/bessent-tariffs-will-boomerang-back-to-april-levels-by-aug-1-for-countries-without-deals/ar-AA1I4zdu?ocid=msedgntp&pc=U531&cvid=4351dfaa3ce24d65ae6d1fc19a74af6f&ei=21

Yes, that entire interview with Grant was excellent. I think many of the European countries have a LOT of PM believers and buyers there. The Euro has been terrible since its inception and not until recently with the falling dollar has the Euro done much of anything. I think the people in Germany are very big PM believers and FMG has many fans there.

IMO Trump wants to come across as a fiscal conservative, but that's certainly not what the Big Beautiful Bill is telling us. They claim the economic growth we'll see from the BBB will offset the spending. I guess that's yet to be determined.

One thing's for sure, the government spending isn't going to slow down IMO until the politicians are forced to reduce it. All the arm-twisting and threats made to the few people in government attempting to cut back was made very clear this past week to get Trump's bill across the finish line.

Good Jim Grant video. Thanks for posting. Interesting info he mentioned about gold surpassing the euro in terms of the overall foreign currency holdings/reserves. I also liked his discussion of inflation in the second half of the video. It is not just the elevated prices he discussed which cause people to believe inflation exists, it is the failure of wages to keep up. Like all or most of us on this board, he sees inflation continuing based on the lack of any true fiscal discipline by those in power. I think the big beautiful bill will wind up adding much more to the national debt over 10 years than is currently projected.

I'm not sure if I posted this Guy here before, but IMO he makes some really interesting observations about where we are now. He talks a lot about silver and the big gains it should make as the fiat system begins to fall apart.

We've heard Keith talk about the silver shortages going forward and Rafi Faber speaks to that some in this interview. If silver goes to the gold-silver ratio that he talks about the gains in silver percentage-wise will be much larger than the gold price move.

Jim Grant's not a fringe gold bug, but the Man understands the difference between real money(gold) and paper fiat crap money. He understands the concept of when people and central banks begin losing faith in toilet paper money they accumulate gold.

I wanted to post this interview I just watched with Grant talking about what he sees happening. He notes that this is not just about loss of faith in fiat money, but a changing of the guard globally and the Big Dog in control has always had the strongest NAVY. Very interesting. I believe that's been the case now for hundreds of years. The most powerful military controls the seas.

I saw the other day that Trump's big, beautiful bill had a big chunk of money for new ship building going forward. I believe he understands what Grant is referring to.