Frequently Asked Questions
What agreement did First Mining Gold sign for the Springpole Gold Project?
First Mining Gold entered into a Springpole project consultation and benefits agreement with Cat Lake First Nation and Lac Seul First Nation. The definitive agreement covers the project’s construction, operations and closure and includes provisions addressing environmental stewardship, employment, training, business opportunities and financial benefits.
Why is the Springpole agreement with Cat Lake First Nation and Lac Seul First Nation important?
The agreement establishes participation by Cat Lake First Nation and Lac Seul First Nation throughout the construction, operation and closure of Springpole. It followed a community-based Anishinaabe-led impact assessment and includes participation in environmental management and monitoring, adaptive management, training and employability measures, economic participation, business opportunities and financial benefits.
Has the Springpole Gold Project received federal Environmental Assessment approval?
Yes. Springpole received federal Environmental Assessment approval in June 2026. Cantor Fitzgerald analyst Matthew O’Keefe subsequently called the approval “a key catalyst and major milestone for First Mining Gold.”
What are the next milestones for the Springpole Gold Project?
First Mining’s September 2026 corporate presentation listed a provincial Environmental Assessment decision, a feasibility study, and detailed engineering and early works construction among Springpole’s upcoming milestones.
How much gold does the Springpole Gold Project contain?
Springpole has probable reserves of 102 million tonnes containing 3.1 million ounces of gold at 0.94 g/t and 16.1 million ounces of silver at 4.9 g/t. Its measured and indicated resources contain 4.8 million ounces of gold, while inferred resources contain 800,000 ounces of gold.
What did the Springpole 2025 pre-feasibility study show?
The Springpole 2025 PFS outlined average annual gold production of 330,000 ounces during the first five years. At a US$3,100-per-ounce gold price, the study reported a post-tax NPV at a 5% discount rate of US$2.1 billion, a post-tax IRR of approximately 41% and a 1.8-year post-tax payback period.
What exploration work is First Mining conducting around Springpole?
First Mining identified exploration opportunities at the East Extension, Southwest Extension and brownfields targets around Springpole. Its broader Birch-Uchi exploration strategy covers more than 75,000 hectares of mineral tenure and includes 80+ identified target areas, a top-10 focus strategy, five advanced targets, and two-plus mineral resource targets.
What is the Duparquet Gold Project resource?
The Duparquet consolidated mineral resource includes approximately 3.44 million ounces of gold in measured and indicated resources and approximately 2.64 million ounces in inferred resources. The project is located in Quebec.
What is the recent gold price?
Trading Economics reported gold at US$4,428.54 per ounce on September 3, up 24.83% over the previous year. The service reported that gold had climbed above US$4,400 as the U.S. dollar and Treasury yields eased.
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1. Ownership and Share Structure Information
The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.