Project 46 statements
The deposit 25
Key takeaway. Management describes Springpole as a 5-million-ounce-plus open-pit gold project with a sub-3:1 strip ratio and roughly 1.35 grams per tonne gold and 5 grams per tonne silver (July 2026, April 2026, December 2025, September 2025).
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The resource is reported as about 3.5 million ounces measured and indicated plus 2.5 million ounces inferred, or about 5 million ounces total depending on the date cited (December 2025, September 2025). The company notes the Duparquet deposit has been drilled to about 600 metres depth, with historical mining from the 1930s–1950s to 500 metres, and says the geology team is confident it is on its way to 10 million ounces, with "enormous opportunity to extend at depth and parallel structures" (April 2026, December 2025). The company also reports approximately 50% ownership of the Cameron project through a partnership with the Fiori group (March 2026).
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Jurisdiction 16
Key takeaway. First Mining Gold's projects are located in Canada (Ontario and Quebec).
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Regarding permitting, management reported in July 2026 that federal environmental permit approval had been received and that Ontario's provincial environmental assessment draft decision had been published for public comment until the end of July. Earlier in the year (April 2026), the company noted it had been in an environmental assessment process for eight years. On community relations, management noted approvals of Cat Lake and Lac Seul First Nations and a term-sheet agreement with Slate Falls Nation (July 2026), and described having a great relationship with the local community for its Dupquet project (April 2026).
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Technical risk 5
Key takeaway. Management has consistently identified the project's biggest technical risk as its location: the deposit sits in a bay of Springpole Lake, requiring the construction of dikes and dewatering of that bay for open-pit mining—a risk the…
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company called the "single biggest" in a July 2026 interview. On recovery, management noted in July 2026 that gold recovers from historic tailings but that additional work is still needed.
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Economics 32 statements
Economics 23
Key takeaway. Management has presented project economics that have shifted significantly with rising gold price assumptions over time.
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In September 2025, the company cited a base case of $1,600 gold and a $588 million NPV5 at $1,800 gold, with a rule of thumb that every $100 above those study levels adds $250 million of after-tax NPV. By December 2025, the base case had moved to $3,100 gold and spot at $4,200, yielding a $2.1 billion NPV at base and $3.8 billion at spot, with 41% IRR and $1.1 billion US upfront capital. In April 2026, management described a base case of $3,100 gold and an after-tax NPV of $1 billion at $2,000 gold, rising to over $2 billion at $3,000 and closer to $3 billion at $4,000 (with 28% IRR), while separately citing an after-tax IRR 'in the 60s'. By July 2026, the company reported a $3.8 billion NPV, 60% after-tax IRR at an upside scenario, a 1.2-year payback, and $1.1 billion upfront capital, all based on a $4,000-an-ounce gold price assumption.
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Financing 9
Key takeaway. Management reports the Springpole project requires about US$1.1 billion in upfront capital.
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The company says conventional project finance markets would support 50 to 60% of that in debt, with streaming, royalties and partner involvement also under consideration; the project financing engagement is likely to begin at year-end and be finalized after the feasibility study is complete. The company states it is well funded to get through environmental assessment approvals to a construction decision, noting it turned a portfolio of assets into almost $100 million of cash over the last five years to reinvest.
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Timeline 25 statements
Timeline 24
Key takeaway. Management has outlined a multi-year timeline for the Duparquet project.
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As of July 2026, the company said the federal environmental assessment process is complete and the provincial EA draft decision is in public comment through the end of July, with a provincial signature hoped for before the end of summer. They expect a feasibility study to come out around this time next year (mid-2027), and are targeting a construction decision for the beginning of 2028, with first production then following. However, management's statements from earlier dates present a different sequence: in December 2025 they targeted a construction decision for late 2027 to early 2028, and in March 2026 they mentioned a feasibility study in 2027 and an environmental assessment decision in Q2 2026.
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Catalysts 1
Corporate 11 statements
Market 6
Key takeaway. First Mining Gold's management has pointed to a significant discount in how the market values the company versus peers.
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In March 2026, management said the company was valued at $45 an ounce, while other advanced developers were valued at $250 an ounce; by July 2026 they said it was trading at $50 an ounce while peers traded at $200. Management also noted in July 2026 that Agnico, Newmont and other industry players have expressed interest in the project, and separately mentioned a potential industry partner as early as December 2025.
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Outside views 8 mentions
8 mentions by people who do not speak for the company — 4 constructive, 1 cautious, 3 neutral. These are their views, not the company's.
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Sources 14 interviews
Every interview 14
| Date | Channel | Interview | Statements |
|---|---|---|---|
| 10 Jul 2026 | The Deep Dive | This Gold Stock Is Up 300% — And He Says It’s Still Cheap | Dan Wilton - First Mining Gold Corp | 20 |
| 09 Jul 2026 | Kitco NEWS | Wall Street Was Short Silver. Now It's Going Long | Keith Neumeyer | No claims identified |
| 07 Jul 2026 | Crux Investor | First Mining Gold (TSX:FF) - Springpole Wins Federal Approval, Nears Final Permitting Milestone | 17 |
| 07 Jul 2026 | David Lin | 50% Crash Or Violent Rally? CEO Reveals Gold's Breakout | Dan Wilton | No claims identified |
| 06 Jul 2026 | Resource Talks | Historic Silver Project in Nevada, But is it Economic at These Grades? | Prince Silver CEO Interview | No claims identified |
| 04 Jun 2026 | Rule Investment Media | Keith Neumeyer, CEO of First Majestic Silver Corp. | Rule Symposium 2026: Rick Rule interviews | No claims identified |
| 02 Apr 2026 | Crux Investor | First Mining Gold (TSX:FF) - 'Undervalued?' Investment Series, with Dan Wilton | 23 |
| 04 Mar 2026 | Crux Investor | First Mining Gold (TSX:FF) - Major EA Catalyst Due Q2 2026 as Springpole Advances Toward Development | 13 |
| 03 Mar 2026 | David Lin | Epic Adventure To Find Gold: Inside Billion Dollar Mine | No claims identified |
| 05 Dec 2025 | Crux Investor | First Mining Gold (TSX:FF) – 5Moz Springpole Targets Q1–Q2 2026 Federal EA Decision in Canada | 22 |
| 01 Dec 2025 | The Deep Dive | Why Canada Has So Few Projects That Can Be Built Before 2030 | Dan Wilton - First Mining | No claims identified |
| 10 Sep 2025 | The Deep Dive | Why $10K Gold No Longer Sounds Crazy. | Dan Wilton - First Mining Gold | 19 |
| 22 Jul 2025 | The Deep Dive | Get to know First Majestic Silver's Keith Neumeyer! | No claims identified |
| 19 Jul 2025 | David Lin | Triple Digit Silver More Certain Than Ever; CEO Keith Neumeyer Doubles Down | No claims identified |
What else those interviews covered
Every other asset named in the same recordings, by how many of them named it — the company's coverage context, not its holdings. Where the name is another company we hold a record for, it links to it.
Questions people ask
What is First Mining Gold's project and where is it?
First Mining Gold is a developer gold company, with a project stated to be in Ontario, Canada. Everything here is drawn from its executives' own interviews.
Which interviews mention First Mining Gold?
We track 14 interviews mentioning First Mining Gold, across 6 channels (Crux Investor, David Lin, Kitco NEWS, Resource Talks, Rule Investment Media, The Deep Dive).
What are investors saying about First Mining Gold?
8 independent voices — people who do not speak for the company — are on record discussing it (4 bullish, 3 neutral, 1 cautious). Their reasoning is quoted in the outside-view section above.
What do recent interviews with First Mining Gold cover?
The most-discussed topics on record are the deposit, timeline, economics, jurisdiction — each claim quoted and dated in the sections above.