Quarterly ResultMay 13, 2026, 11:36 AM

First Mining Gold Q1 2026 Results; $44.8M Cash & Securities

AI Summary

First Mining Gold Corp. reported its first quarter financial results for the period ended March 31, 2026, alongside operational highlights. The company's cash and marketable securities stood at $44.8 million, with equity investments in Seva Mining valued at $30 million and PC Gold Inc. at $21.5 million. Key operational updates included the closing of a joint venture deal for the Pickle Crow Gold Project, the sale of the Cameron Gold Project for $5 million cash and shares, and an extension of the Environmental Assessment decision date for the Springpole Gold Project to June 30, 2026. Additionally, the company announced positive drilling results from its Duparquet project.

Key Highlights

Cash and marketable securities balance was $44.8 million as of March 31, 2026.
Equity investment value in Seva Mining was $30 million, based on 80 million shares.
Equity interest in PC Gold Inc. was $21.5 million.
Bellavista Resources paid $3 million cash to reduce First Mining's ownership in PC Gold to 20%.
Sale of Cameron Gold Project generated $5 million cash and 80 million common shares of Seva Mining.
Duparquet drilling program at Miroir target returned 1.56 g/t Au over 33.15m and 3.74 g/t Au over 15.5m.
Environmental Assessment decision date for Springpole Gold Project extended to June 30, 2026.

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Gold and Silver Ores

First Mining Gold Corp.

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