First Mining Gold
First Mining Gold is a Canadian pre-revenue gold developer advancing two flagship Canadian gold projects — Springpole (Ontario, PFS-stage) and Duparquet (Quebec, PEA-stage) — toward production, funded through equity financings and non-core asset divestitures, with Indigenous First Nations project authorization as a key gating milestone.
- Company typePublic
- Founded2015
- HeadquartersVancouver, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
What First Mining Gold does
First Mining Gold Corp. is a Canadian gold exploration and development company founded in 2015 by Keith Neumeyer and headquartered in Vancouver, British Columbia. The company is publicly traded on the Toronto Stock Exchange (TSX:FF), OTCQX (FFMGF), and Frankfurt Exchange (FMG), and operates two flagship gold projects in tier-one Canadian mining jurisdictions: the Springpole Gold Project in northwestern Ontario (PFS-stage as of November 2025, with US$2.1B after-tax NPV at base case, 41% IRR, 330 koz average annual production, and US$938/oz AISC) and the Duparquet Gold Project in Quebec (PEA-stage, hosting 3.44 Moz Measured & Indicated and 2.64 Moz Inferred resources along the Destor-Porcupine Fault Zone).
As a pre-revenue developer, the company does not generate operating revenue; its value creation pathway is project advancement through exploration, permitting, feasibility studies, and eventual gold production. Capital is sourced through equity financings (private placements, public offerings, flow-through shares, warrant exercises including C$6.4M from First Majestic Silver in December 2025), a C$500M base shelf prospectus, and a completed US$22.5M silver stream with First Majestic. The company also monetizes non-core assets, divesting the Cameron Gold Project to Seva Mining Corp. in March 2026 for C$5M cash plus an ~48% equity stake, while maintaining a free-carried 20% interest in the Pickle Crow Gold Project with Bellavista Resources.
First Mining's customer-facing stakeholders are predominantly Indigenous communities (Cat Lake, Lac Seul, and Mishkeegogamang First Nations) whose project authorization is required for regulatory advancement, alongside federal and Ontario provincial regulators. The company completed the Anishinaabe Led Impact Assessment and secured First Nations authorization for Springpole in June 2026. Technology use is conventional for the mining sector (diamond drilling, environmental baseline, NI 43-101 technical reporting) with no proprietary AI/ML components disclosed.
First Mining Gold firmographics
Firmographics- Name
- First Mining Gold
- Legal name
- First Mining Gold Corp.
- Website
- https://firstmininggold.com
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- First Mining Gold is a Canadian pre-revenue gold developer advancing two flagship Canadian gold projects — Springpole (Ontario, PFS-stage) and Duparquet (Quebec, PEA-stage) — toward production, funded through equity financings and non-core asset divestitures, with Indigenous First Nations project authorization as a key gating milestone.
- Ownership category
- akta.pro rank
First Mining Gold industry classification
Industry- Product category
- Gold Mining and Mineral Development
- NAICS
- Gold Ore and Silver Ore Mining (212220)
- SIC
- Gold And Silver Ores (1040)
- akta.pro primary industry
- Precious Metals Exploration & Project Development (IMAKAEAI)
- akta.pro secondary industry
- Gold Mining (IMAKAEAA)
Keywords
Where First Mining Gold is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices3 records
Markets served
First Mining Gold business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Others
Revenue model
- Project Development to Production: As a pre-revenue gold developer, First Mining's primary value creation pathway is advancing projects through exploration, permitting, and feasibility to production. The company completed a Pre-Feasibility Study for Springpole (November 2025) and is progressing toward Feasibility Study and eventual gold production.
- Asset Divestitures: Sale of non-core assets including Cameron Gold Project to Seva Mining for C$5M cash plus 80M shares, and Pickle Crow interest reduction from 30% to 20% through JV partner buy-down.
- Equity Holdings: Retained equity interest in strategic partners including approximately 48% ownership in Seva Mining Corp. and 20% in PC Gold Inc. (Pickle Crow), providing ongoing equity value exposure.
- Silver Stream (Completed): First Majestic Silver had provided US$22.5M funding for Springpole with a silver stream arrangement. Final US$5M payment received in March 2025, completing the stream arrangement.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels6 records
First Mining Gold product offering
Product offeringCore offering
First Mining Gold is a Canadian gold exploration and development company advancing two flagship gold projects—Springpole in northwestern Ontario and Duparquet in Quebec—through drilling, environmental assessment, permitting, and feasibility studies toward future commercial gold production. The company also holds minority project interests and equity stakes in related mining entities as part of its asset portfolio strategy.
Product overview
First Mining Gold Corp. is a Canadian gold developer operating two flagship gold projects: the Springpole Gold Project in northwestern Ontario (PFS-stage, undergoing permitting and feasibility with an updated PFS released November 2025) and the Duparquet Gold Project in Quebec (PEA-stage, located on the Destor-Porcupine Fault Zone in the prolific Abitibi region). The company also holds a 20% project interest in the Pickle Crow Gold Project in Ontario and maintains a significant equity stake in Seva Mining Corp. following the divestment of the Cameron Gold Project.
Differentiator
Problem solved
Functional benefit
Products and services
- Springpole Gold Project A PFS-stage gold development project located in northwestern Ontario on approximately 800 hectares with a broader 41,943-hectare land package. In the final stages of Canadian federal and Ontario provincial environmental assessment, with projected average annual gold production of 330 koz for the first 5 years, base-case after-tax NPV of US$2.1 billion at US$3,100/oz gold, 41% after-tax IRR, and AISC of US$938/oz (lowest quartile).
- Duparquet Gold Project A PEA-stage gold development project located on the Destor-Porcupine Fault Zone in the Abitibi region of Quebec, Canada. The project hosts an NI 43-101 compliant gold resource of 3.44 million ounces (Measured & Indicated) grading 1.55 g/t Au plus 2.64 million ounces Inferred grading 1.62 g/t Au, covering 5,800 hectares and 19 km of strike length.
- Pickle Crow Gold Project (20% interest) A gold project in Ontario in which First Mining holds a 20% interest, being advanced by joint venture partner Bellavista Resources following the buy-down from a prior 30% interest.
- Seva Mining Corp. Equity Stake A publicly listed mining company (SEVA:TSX.V) in which First Mining holds approximately 47.85%–48% equity interest following the sale of the Cameron Gold Project. Led by former Yukon Premier Ranj Pillai and supported by Fiore Group of Companies.
Quantifiable outcome
- 330 koz average annual gold production for first 5 years at Springpole
- +5 more outcomes
Companies that use First Mining Gold
Customer profileNamed customers4 records
Segments3 records
Ideal customer profiles3 records
First Mining Gold technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
First Mining Gold partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and supporting.
- Cat Lake First NationcoreAuthorized Springpole Gold Project following completion of Anishinaabe Led Impact Assessment, subject to 35 negotiated terms including environmental protections, revenue sharing, procurement guarantees, and community healing funding. Also signed landmark agreement for all-season access road with up to $4M funding commitment from First Mining.
- Lac Seul First NationcoreJointly authorized Springpole Gold Project with Cat Lake First Nation following Anishinaabe Led Impact Assessment. Five communities involved: Canoe River, Whitefish Bay, Kejick Bay, Frenchman's Head, and Namekosipiink (Trout Lake).
- Forage AnicinapecoreIndigenous-led drilling company established through partnership between Forages Rouillier and Coopérative de solidarité de Pikogan representing Pikogan First Nation. First Mining's first client for their 2026 drilling campaign at Duparquet, supporting approximately 12,000 meters of drilling focused on resource growth and exploration. Partnership reflects commitment to Indigenous participation in mining sector.
- Bellavista Resources LimitedcoreJV partner for Pickle Crow Gold Project acquired FireFly Metals' 70% stake in PC Gold Inc. and exercised buy-down right paying C$3M to reduce First Mining's interest from 30% to 20%. First Mining retains free-carried interest to decision to mine. Bellavista leadership previously led De Grey Mining through US$3.3B sale to Northern Star.
- Seva Mining Corp.coreFormerly Oronova Energy Inc., acquired Cameron Gold Project from First Mining for C$5M cash plus 80M shares (~48% of Seva). First Mining maintains two board representatives. Led by former Yukon Premier Ranj Pillai, supported by Fiore Group of Companies. Transaction structured as reverse takeover creating TSX-V Tier 1 mining issuer.
- StantecsupportingEngineering and consulting firm supporting environmental baseline data collection program at Duparquet Gold Project to advance regulatory approvals process.
- WSP Canada Inc.supportingEngineering and consulting firm conducted socio-economic analysis for Springpole Gold Project projecting over $7B in tax revenue and $15B GDP contribution, along with 67,000+ person-years of employment.
- Mishkeegogamang First NationcoreSigned long-term relationship agreement for development of Springpole Gold Project, joining Cat Lake and Lac Seul First Nations as key Indigenous partners. Agreement establishes framework for ongoing collaboration, economic participation, and community engagement throughout project development.
Scale indicators18 records
Recent moves9 records
Expansion highlights3 records
First Mining Gold competitors and assessment
Company assessmentOthers
Direct peers
- Seabridge Gold: Pre-revenue Canadian gold developer with PFS-stage multi-million-ounce projects (KSM, Courageous Lake). Closely comparable business model to First Mining: PFS-stage development, Canadian assets, leverage to gold price, dependent on equity financings to advance projects toward construction.
- Marathon Gold: Canadian gold developer advancing the Valentine Lake project in Newfoundland toward production. Same pre-revenue development-stage profile, Canadian jurisdiction, multi-million-ounce resource base, and reliance on capital markets to fund construction.
- Treasury Metals: Canadian gold developer with the Goliath-Goldlund project in northwestern Ontario. Comparable PFS/FS-stage developer focused on Ontario gold assets, similar permitting and Indigenous engagement profile, similar pre-revenue capital structure.
- IAMGOLD Corporation: Canadian mid-tier gold miner with development projects (Côté Lake) and producing assets. Directly comparable Canadian gold operator with both producing and development-stage assets; Côté Lake in Ontario is similar jurisdictionally to Springpole.
- Osisko Mining: Canadian gold developer focused on the Windfall project in Quebec (Abitibi region). Same geography (Abitibi/Destor-Porcupine fault system as Duparquet), PFS-stage development, and pre-revenue profile targeting multi-million-ounce assets.
- Argonaut Gold: Canadian gold producer with producing assets and development projects including Magino in Ontario. Comparable Canadian gold company with operations in northwestern Ontario near Springpole's jurisdiction and similar gold-price-leveraged equity profile.
Emerging players
- Orla Mining: Canadian gold developer that recently brought the Camino Rojo oxide project into production in Mexico. Comparable junior developer profile that has successfully transitioned from PFS/construction to producer, illustrating a potential roadmap for First Mining.
Broad incumbents
- Equinox Gold: Canadian gold producer with multiple operating mines across the Americas. Broader incumbent operating a portfolio of gold assets; comparable as a Canadian-domiciled gold equity with both producing and development exposure, though more diversified and at larger scale.
Regional players
- Wesdome Gold Mines: Canadian gold producer operating the Eagle River and Kiena mines in Ontario and Quebec. Comparable Canadian-focused gold operator with assets in the same jurisdictions (Ontario, Quebec, Abitibi region) as First Mining's projects.
Market position
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
First Mining Gold social profiles
Digital presenceFirst Mining Gold financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Mining Gold leadership team
Management profileNumber of profiles
Profiles10 records
First Mining Gold subsidiaries and ownership
Company hierarchySubsidiaries4 records
First Mining Gold funding detail
Funding detailFunding overview
Funding rounds7 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Mining Gold M&A and investment
M&A and investmentM&A1 record
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Mining Gold
What does First Mining Gold do?
First Mining Gold is a Canadian gold exploration and development company advancing two flagship gold projects—Springpole in northwestern Ontario and Duparquet in Quebec—through drilling, environmental assessment, permitting, and feasibility studies toward future commercial gold production. The company also holds minority project interests and equity stakes in related mining entities as part of its asset portfolio strategy.
Is First Mining Gold a public or private company?
First Mining Gold is a public company. It is classified as public and is currently operating.
When was First Mining Gold founded?
First Mining Gold was founded in 2015. It employs 11 to 50 people.
Where is First Mining Gold based?
First Mining Gold is headquartered in Vancouver, Canada, in the North America region.
How does First Mining Gold make money?
Four revenue lines are on record. Project Development to Production is the primary driver. The others are asset Divestitures, equity Holdings and silver Stream (Completed).
Who are First Mining Gold's main competitors?
Endeavour Mining is listed as an others. Direct peers are Seabridge Gold, Marathon Gold, Treasury Metals, IAMGOLD Corporation, Osisko Mining and Argonaut Gold. Orla Mining is listed as an emerging player. Equinox Gold is listed as a broad incumbent. Wesdome Gold Mines is listed as a regional player.
Does First Mining Gold have an API?
No public API is recorded for First Mining Gold.
What industry is First Mining Gold in?
First Mining Gold's product category is Gold Mining and Mineral Development. Its primary akta.pro industry code is IMAKAEAI, Precious Metals Exploration & Project Development, with a secondary code of IMAKAEAA, Gold Mining. Its NAICS code is 212220 and its SIC code is 1040.