First Mining Gold Corp (FF) ニュース

The one thing that isn't clear to me is exactly what Trump will do in the revaluation. Initially it is very possible he will only revalue the gold in our treasury as it is currently valued at $42.22/oz. How insane is that? When doing that let the market value be remain set by the market. Beyond that will he revalue it focusing more on some sort of gold standard currency reset? I think that too will happen and if so it should be at a much higher level than what he does with revalue of gold on our books.

Hi Seeker, thanks for posting those videos.

IMO something is going on below the surface. Physical gold is coming back to the U.S. in a very big way, and I think Trump is going to revalue gold higher and most likely OTHER commodities (silver) we have in this country. This is all being done to strengthen the U.S. balance sheet, so this gold repatriation is Trump's doing.

I believe as people begin to figure this out, that in itself will drive the gold price to much higher levels. That will mean the U.S. gold repatriation needs to continue and if it does gold will march higher. I assume they will bring in as much gold as they have access to before the buying stops. I thought Luke Groman made some good observations about how they want gold to move higher, while the dollar remains steady and doesn't go crazy high itself. Good luck with that, especially if a recession shows up.

This is fantastic news for the whole PM sector, but the bigger questions to be answered are: 1) What will gold be revalued to? 2) Will they return to some sort of gold-back dollar? IMO the revaluation is going to happen and I suspect the revaluation will be significantly higher than market price at the time of the revaluation. If they just do a partial gold backing for the dollar that would help immensely. They could also get rid of the Fed too. That would mean the end of gold suppression.

It's going to be interesting to see how this plays out, but FMG shareholders should be in a good spot here, if this plays out.

Very interesting commentary on gold future. Worth a listen.

and

O.K., here's Andy Schectman on Kitco. This Man has it nailed down. There's some info on this interview that he didn't give in the interview I posted yesterday. Check out the clip with Scott Bessent saying they were going to monetize U.S. assets. Andy explains that.

What he said about revaluating the U.S. gold is mind-boggling. If I heard him right, he said Trump can revalue our gold at whatever price he wants to. In other words if he wants to revalue an ounce of gold at $100,000 he could. Trump could totally wipe out our debt with a gold price that's high enough to do that. Unfucking believable.

The problem the U.S. has is how much gold do we currently hold and how much gold does China have? If Trump revalues our gold, he's also revaluing their gold.

This is getting interesting. Andy is making some amazing observations.



P.S.: Andy said that Bessent could tell Powell to do what Trump wants to do, so maybe waiting for Powell to finish his term is off the table. That may make this whole deal come sooner than later.

I don't see that finding more gold around Springpole as being an issue. What may be our bigger issue is how expensive will it be to get the gold ore to the Springpole minesite. They're probably going to have to build some roads for that to happen.

Here's Ray Dalio talking to Tucker Carlson about the coming debt bomb, that's inevitable. Dalio doesn't mention gold's part in this approaching disaster, but we know it will have one. Good listen.

Of course! You had me laughing there.....but in all seriousness, it was really good news to see the continued discovery of mineralization there.

I hope You mean the mineralization at Springpole is similar and not the way Dan gave PC away! LOL

In a way it kind of reminds me of....Pickle Crow.

You ask, "How can things wait until July 4th, 2026?"

I'll give a couple of reasons why it MAY have to wait until then. These are just off the top of my head, there's probably other reasons I'm not listing because I'm not aware of them.

1. If like Andy S. is saying, that this is gold being repatriated back to the U.S. by Trump before they revalue it higher, it would be my guess that this repatriation buying would be on going and not just a one-time thing. It makes sense they would want to accumulate more gold going forward and in the meantime the gold price goes higher and so does the revaluation number. A one trillion-dollar revaluation number for Trump would be a nice round number.

2. Trump may have to get J.Powell's ass out as Fed Head and put someone else in power that sees things like he does. Trump can't replace Powell until his current term is up and that happens in MAY 2026, so whoever replaces Powell (Judy Shelton) is a big-time gold advocate. Is the picture getting clearer now? There's probably some politics involved in this move too.

3. July 4th, 2026, is this country's 250-year anniversary. We know Trump likes to make big presentations and grand deals. What's bigger than announcing revaluing gold higher and most likely going back on some sort of gold-backing for the dollar. Trump has been saying this is America's new GOLDEN AGE; can he say it any bigger than to do something like this? I don't see how. Trump and his team see all this gold buying being done by the East and are trying to head this off is my guess to
save the dollar. Makes a lot of sense.

Anybody is welcome to add other reasons, but unless China beats us to the punch on backing the Yuan with gold, next year would seem to be a good time for this to happen for the reasons I gave.

IMO Andy Schectman made some fantastic points on what seems to be going on. Nobody's figured this scenario out yet, I still see the biz channels talking about gold moving higher on tariff fears. I don't
see that as the REAL reason.

Andy Schectman is the real deal.
How can things wait until July 4th 2026?
Things seem crazy right now.

Incredible information.  
As Andy said.  He doesn't know.  Nobody knows.  But he sure gives a plausible explanation. 

Bottom line all of these central banks are buying gold and taking delivery of gold.  The Gold ETF info was strange to hear.  I didn't really understand that part, but it sounds like all the big fish are taking delivery of their gold.

The whole Junior Gold sector is mispriced. 

Maybe one company here or there is priced reasonably but most are not.

Just look at Seabridge.  
Seabridge is my example going forward for this whole Junior sector.  
Seabridge has Silver. Gold. Copper, and Molybdenum (sp??).

I don't get why the SP goes down when gold is up. This is gonna get permitted, might need a JV to get Springpole over the like and use any proceeds to develop Duparquet. Dan said this NPV should currently be at 1.30 a share right now

O.K., Everybody this is a VERY,VERY important interview with Andy Schectman giving some really insightful observations about what's going on with all this gold and silver being repatriated back to the U.S.

Listen to what he says about what Judy Shelton has told him and what Scott Bessent is saying. This is pointing directly to this coming. This is also basically what Peter Boockvar said the other day.

I agree with him 100% that this is much bigger than just a tariff scare. This is Trump bringing it back for bigger reasons. For starts, gold revaluation higher and most likely a partial gold backing of the dollar, stable coins, etc. There's no doubt there's a plan for gold coming out of the Trump administration. This will be fantastic for PM prices and the miners.

Why wouldn't Trump want the gold price to trend higher before he revalues it? Andy said something about it could happen on July 4th of 2026.

Yeah, this is looking really good and the more they drill just around the main ore body, they find more gold.

That's not counting all the gold in the district areas there around the main ore body. Springpole is going to be a homerun for somebody, and it's not been explored yet to a large degree. Our Management was smart to come in and snap up some of the outlying properties around Springpole a few years ago now. Many of those properties have had some drilling done, but not a lot, so those areas will eventually add a lot more to the long term picture for a future mine.

The grades in these 3 holes appear to extend the Springpole ore body 120 meters to the east.  Hole number 11 was pretty strong top to bottom.

SP24-011, 
SP24-009, 

and previously reported 
SP24-007,

If the Stars to the Southeast are indications of future drill holes Springpole project might grow substantially.   Let's see what happens. 

Musk had better recruit a couple more teams of auditors to get busy and stop the bleeding. This is totally out of control and the fucking Deep State keeps screaming to not cut the fraud and stealing. LOL You can't make this shit up. PM's are going to da MOON.

https://www.zerohedge.com/markets/us-budget-deficit-hits-record-840-billion-first-4-months-2025-interest-debt-hits-record-12

News out from Springpole. The numbers look pretty good.

https://firstmininggold.com/news/first-mining-confirms-mineralization-expansion-opportunity-within-existing-springpole-gold-project-pit-design-at-its-east-extension-target

My guess is if they did any audit of the federal agencies in this country, they would FAIL. The fraud is widespread across the board. The bureaucracy/Deep State is mucking the whole thing up. Look at just what Elon Musk has found so far, and he's just scratched the surface. No wonder the DS has it's hair on fire and calling Musk SATAN. He's exposing the corruption and graft.

Trump needs to audit the FED and also do a physical gold inventory of what we currently hold. My guess is it's not all there anymore. If my memory serves me, they haven't had a physical gold audit since like 1955. Why? What are they hiding?

As much as Americans have been lied to by the government I hope Trump does an Audit on the  physical gold owned by the USA.  

I've always wondered how much gold actually exists in the vaults.

Another awesome interview by Alastair Macleod. He speaking to what he sees going on with gold now. The interviewer asks him some of the questions I thought were possible. Own physical PM's and store them yourself. Consider it gone if you don't.

This is a must watch interview. More discussion on the big flow of physical gold coming into the U.S out of the U.K.. These Guys are kicking around what may be going on with all these physical deliveries coming to the U.S. The amount of gold being delivered would equate to a big player being behind this. Is it the government?

There would appear to be a RUN on physical gold happening, so why is this ocurring now? Does this have some connection to Trump revaluing gold at current market prices? Maybe Trump wants to buy more gold before he revalues it? They mention the U.S. (Trump) may be wanting to do an audit on the U.S. gold supply, so are they attempting to cover their asses with possible gold shortages we have now? They even talk about possible tariffs being put on gold by Trump, so that may be something to consider. Who knows.

Something is going on and Peter Boockvar's interview from yesterday may be where this is going. This action is not happening for nothing.

If they pegged the dollar to gold, that would basically be going back on a gold standard in whatever percentage capacity they went to. I've read some articles saying that's what China may do and if they did it would that force the U.S. to do the same with the dollar? I think it would.

Let's face it, the whole world has pretty much run out of train track with fiat currencies, and everyone is sick and tired of seeing their buying power go to Hell with the inflation printing fiat has created. IMO this could happen when the debt bomb finally blows up and they can't fix it with more fiat printing. The higher the gold price marches the more relevance and attention it's getting.

Yes, it was not tied to what Boockvar was saying. I just threw it in as another example of possible positive headwinds for gold.

Gary Savage has some thoughts on the PM cycle and where he sees it going and for how long. Needless to say he's bullish.

I don't think pegging the dollar to gold is what Peter Boockvar was talking about in the interview I posted. He specifically talked about Trump doing a REVALUATION of U.S. gold.to current price valuations. IMO such a move is something right up Trump's alley. We know he likes to sensationalize things and surprise everyone.

What was being said about physical gold moving from the bullion banks and Comex back into the U.S. might be happening in anticipation of such a move. China continuing to buy gold hand over fist could be why that's happening. Everyone wants to hold as much physical metal as they can get before these major changes come.

Of course, if this all happens, as Boockvar said it could, such an event would put a major floor under the gold price and the bigger, unsaid, point being made would be gold is still relevant in the international monetary system. Such a move IMO would give a huge thumb's up to gold legitimacy going forward. I would also think that indirectly such a move would be very good for China too with all the gold they've been accumulating.

We'll have to see what happens, but I could see gold continue to run higher if this gold revaluation theme continues to be talked about. I was hoping to see gold higher this morning and it's down a little. Maybe just taking a breather.

I would think the miners would also get a major boost higher on any gold revaluation being done and the miners moved nicely yesterday with the big gold move we saw.

Andy Schectman and Kirk Elliott were also talking about pegging the dollar partially to gold recently. They said they're seeing unusual gold market activity. Great, we should do that in some manner to get the spending under control. Sooner or later we have to do that.

I just heard this news on CNBC fast money about gold. This could be game changing.

Peter Boockvar was on talking about the move higher in gold. He said his sources were telling him the Trump administration is possibly looking to move the country's gold reserves from the Fed's authority to the Treasury's authority AND reprice gold from the current on the book's valuations of $42 an ounce to valuations that gold is at now. At today's valuations that would be a dollar value of around $800 billion for just the revaluation higher of our gold

More importantly that would change the whole paradigm for gold perception. This move has been talked about before and from what Peter B. said it could be coming. WOW.

I found the interview and the link is below.

https://www.cnbc.com/video/2025/02/10/treasury-gold-holdings-worth-closer-to-800-billion-says-bleaklys-peter-boockvar.html?msockid=05bd2072b4756a2724a435fdb5226b62

Well, we hear daily of why this move in gold is happening. There are many different reasons why it could be going on. I've posted some on this board.

I suspect that a lot of PM buying may simply be on the back of FOMO in gold right now, just like we're seeing in the stock market. IMO this move is not related to a fear trade, war, or safe haven buying, which is normally some of the biggest reasons investors move into gold. That hasn't happened
yet and we're still breaking new price highs.

Where will the price be when we get to those points? Who knows, but my guess is we'll hit a high (probably over $3K) and pull back from those levels. I still see a recession coming and the Street is not. Gold and the economy will pull back if we get that recession, but a recession will mean more money printing and QE will follow. Gold should take back off higher for good, if that comes to fruition.

Every little bit extra helps, right? Certainly China freeing them up to invest in gold is one contributor to gold's performance the last several days. Thanks for letting us know about that.

Here's just another reason why we could be seeing this move in the gold price. China is allowing insurance companies there to invest in gold.

Just imagine where the gold price moves when the West finally starts to invest in PM's.

https://www.zerohedge.com/precious-metals/gold-tops-2900-china-pushes-insurance-companies-precious-metals

Oh.  Interesting.   Mr Neumeyer already owns 5% of Snowline Gold.  His name does not appear on the New Found Gold presentation.  However,  Eric Sprott has apparently invested $260 million into New Found Gold.  I guess that is his own money.  Not sure.

This is the video interview where Mr Neumeyer mentioned Snowline Gold and New Found Gold as attractive M&A targets that may be under the radar.  The question was, Does Keith think this bull market will float the Juniors as well as the Majors.  The answer was "If a major takes out Snowline Gold for $1 Billion then that Billion will get circulated down to more Juniors.  

I don't get the impression that Mr Neumeyer is looking at either of those companies as Merger opportunities with First Mining.

He mentioned that First Majestic has been successful by purchasing producing assets and increasing production with those assets.  

I'm not sure First Mining is the best fit for First Majestic.  There will be a good fit for Springpole.   Let's see who steps up.

My only point is that if you watch Dan's presentation and come away with the thought that those 10 projects are the only 10 gold projects in the Canada pipeline over the next 5 years, that is not a true statement. 

Springpole can receive EA approval and there is still a lot of work.  The government or province needs to build roads and power generation.  Duparquet with a smaller footprint might be able to reach production before Springpole.  

Maybe Kinross or Evolution Mining will be interested in Springpole.  Both are in the area.  Great Bear is in the same general area as Springpole.  Obviously Springpole is farther down the road than Great Bear.  Could Kinross build out Springpole before Great Bear?  Don't forget about Evolution Mining with all of that Red Lake Gold production.  Maybe Evolution Mining would be interested in Springpole.  

Agnico and Duparquet might be a perfect fit.

The Golden Triangle has KSM and Dolly Varden and Goliath.  Newmont already has projects in that area.  KSM is large enough for both  Newmont and Barrick to join forces.  

 If Canada can get their boot off the necks of the Mining companies there might be a new gold rush in Canada.  

Good Luck to all.  
Not investment advice.

I do have an issue with Dan's presentation. 
Dan's presentation has never mentioned the Seabridge Gold KSM project.

Seabridge Gold KSM project is in Canada and it does have EA approval from the Canada Government and in 2024 they received the status of "Significantly Started".  Okay. Maybe because Seabridge has invested $400 million over the last few years to receive the "Significantly Started" designation from the Canada government to lock in their EA approval for the life of the project.

The KSM project is incredible. 

Probably the next big announcement in 2025 by a major gold production company will be the Phase-1 contract for the KSM project.  Or as Rudi Fronk mentioned in a recent interview,  a major Copper production company could buy the KSM project for the copper and gold and silver and the moly-metal.  Just an incredible project.

The British Columbia Golden Triangle has a lot of big news announcements that will happen in this next gold bull market.

No offense to Springpole. At the very worst-case Springpole and Duparquet will be acquired by First Majestic Silver.   We just need to believe in Keith to get the best deal done.

In a recent interview Mr Neumeyer mentioned New Found Gold as a great company flying under the radar.  Something I found interesting that he would mention.

Just saw this article and it made me think, is this part of the reason we're seeing this leg higher in the gold price? Someone is buying a lot of physical gold and taking delivery of it, as is stated in the article. The article says the Comex is building their inventories as to not run out of metal, but how long can they keep that up?

They don't talk about this kind of action on MSM news, but it would appear something is happening below the surface. Interesting.

https://quoththeraven.substack.com/p/is-someone-attacking-the-comex-january

So, it was just more of the SOS, rehash. They didn't even bother putting it on the company website.

Thanks for giving us the your recap of the chat with Paul. I was only able to watch the last 5 minutes.

Did he touch on any specifics involving Springpole that you can remember?

I listened to the chat with Paul. For a long-term investor like me, who knows the company well, there really was nothing new there. For a completely new investor it was a very good "starter package" of sorts of why the company is very nicely positioned to benefit from the current bull market.

So, like I said Dan wouldn't have had to dive deep into what's going on with FN or the provincial permitting status, but it would've been nice for him to let us know "generally" where we stand with those things. His failure to even mention them IMO is somewhat negligent on his part, now I almost feel compelled to call Paul and grill him about how those are proceeding.

Speaking of Paul, I don't know if anyone here had the opportunity to listen to his "fireside chat" webinar on Wednesday. I had a prior appointment that kept me from joining in on it and I don't see any replay links to it on the Company website or on YouTube yet. Maybe he didn't even do it?

I would agree with You that if everything falls into place with the Feds permitting, we should get a lot of attention BEFORE final approval is given. That could happen sometime in the Summer, as I recall Dan saying all the final questions from the Feds should be answered by then. Let's see what happens.

Agreed, a lot of it was a rehash of prior information. I am pretty sure if there is positive FN information they will let us know. The overall tone was positive. I bet they have potential suitors asking questions right now....but those permits sure would help.

The stuff about moving the production estimate goalposts up to 8 or 10 millions ounces seemed a bit of stretch.....a permitted project at 5 million ounces will get offers. The end of 2025 or beginning of 2026 could be an exciting time for us. I anticipate the shares should move ahead of that time. How far and in what timeframe are key questions.

I follow Tavi Costa posts on LinkedIn. 
He has an interesting post and interesting chart almost every day.

This link is to a chart of S&P500 YTD results.  The technology sector is down YTD.  All other sectors are up.  His post comments are that the market rotation has already started.


https://www.linkedin.com/posts/otavio-tavi-costa-76368628_there-has-been-significant-rotation-happening-activity-7292925310407213056-ifxR?utm_source=share&utm_medium=member_android&rcm=ACoAAAAotmQByRfWE_lu-9eI0RQGbD4pgWWC8cg

Thanks for posting the interview. Matt seems to be covering a lot of the same ground with these interviews with Dan. They talk over and over again about the Federal permitting process and where we are with that, also about other projects that are potential buy-out targets. Most of these interviews are just rehashed.

I don't recall them talking much about the provincial permits that will be required OR what's going on with Cat Lake or First Nations? How is that all proceeding and exactly how much would those factors be involved in getting a final deal done with a JV partner? It would seem to me if those weren't potential hang-ups down the road for a potential partner our odds of getting a deal done sooner, rather than later, would be much higher, but it's never talked about.

I know Dan can't get into any specifics about what's going on with FN, but he could at least give us some context on how that fits into where we are currently. Are they holding the process up?

Overall, I thought what he said in this interview was very positive, but it would appear that any JV partners out there are still waiting and watching. At the end of the interview, Dan even sounded a little disgusted with how long this is taking to get done.

Latest Dan with Crux Investor.
https://www.cruxinvestor.com/posts/first-mining-gold-continue-to-advance-projects-as-industry-seeks-new-assets

After a brief drop to $2835, gold established a pretty firm bottom at $2850 for most of the day.

Let's see if $2850 becomes the new support.

I see we had big volume traded today. Over 2M shares traded on the U.S.exchange. Wonder who was buying?

I see a Company insider bought a few shares too. Will be interesting to see if any insiders were buying today.

https://www.insidertracking.com/node/7?menu_tickersearch=FF*CA+%7C%7C+First+Mining+Gold

A higher gold price works for the Indian Nation too. They aren't stupid and know that as the price moves higher, their negotiating prices go higher too. My guess is they want to get the highest price they can for the gold. That gives them greater power to ask for more perks.

Just something to take note of here. I have been following the comments received for Springpole on the Federal project website/portal:

https://iaac-aeic.gc.ca/050/evaluations/proj/80149/contributions

There are have been many letters of support coming in for Springpole from various organizations and businesses. There is definitely lots of local economic interests pushing for this project to be approved. The government of course knows this. Nothing will matter more right now for the regional governments than to create lots of jobs and more tax revenues along with new infrastructure, roads etc. With each and every day the gold price rises, the potential economic impact of Springpole (and Duparquet) grow bigger. Even the most stubborn people will soon realize this asset if developed will literally shower gold on these very poor and remote regions.

This is good and bad news. The good news is that Trump is getting rid of SOME of the deadwood in this bloated government. The bad news is that the 20K that are leaving will get paid through September. They should give them all a 60 day severance. They've already grifted years of pay from the taxpayers.

Gold and silver are looking good. Wonder when the rug will be pulled out?

https://www.zerohedge.com/political/20000-government-workers-take-trump-buyout-offer-mass-layoffs-loom

COminer, I echo your sentiments. The share price of this Company has been in the dumps for SO long, I'm still going to be skeptical of where our share price goes even after we do some sort of partnership deal. The price should go higher, but how high?

I really have a problem with any of these mining companies doing well UNTIL we see the overall market tank and a rotation out of high-beta stocks into the miners lifts the sector. That event is still not on the radar screen at this point, but things can change very quickly with Trump at the wheel. He brings a lot of uncertainty into the mix and that's good for PM's.

I think you're .05 share price prediction could come true depending on when a partnership deal
is announced. I've added some shares down here, but it wouldn't surprise me at all if they go lower if we
get a big market correction.