Recent Insider Transactions • Jul 03
Independent Chairman of the Board recently bought CA$276k worth of stock On the 1st of July, Keith Neumeyer bought around 354k shares on-market at roughly CA$0.78 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth CA$1.0m. Keith has been a buyer over the last 12 months, purchasing a net total of CA$3.6m worth in shares. Price Target Changed • Jul 02
Price target increased by 9.8% to CA$1.40 Up from CA$1.28, the current price target is an average from 7 analysts. New target price is 103% above last closing price of CA$0.69. Stock is up 273% over the past year. The company is forecast to post a net loss per share of CA$0.01 next year compared to a net loss per share of CA$0.067 last year. Announcement • Jul 01
First Mining Receives Federal Approval for the Springpole Gold Project Environmental Assessment First Mining Gold Corp. announced that the Springpole Gold Project (the "Project" or the "Springpole Project") has received its Federal Environmental Assessment ("EA") approval. The Honourable Julie Aviva Dabrusin, Federal Minister of the Environment, Climate Change and Nature, announced, on behalf of Canada, that the Company's Springpole Project may proceed (the "Decision Statement"). The Springpole Project is one of Canada's largest undeveloped gold resources and located approximately 110 kilometres northeast of Red Lake, Ontario. The Decision Statement follows a thorough federal environmental assessment process carried out since 2018, with input from Indigenous communities, the public, federal government departments, and agencies including Environment and Climate Change Canada, Fisheries and Oceans Canada, Natural Resources Canada, and Transport Canada. First Mining continues to work on advancing post-EA phase engineering designs and optimizations for the Project towards construction readiness. The federal Decision Statement includes conditions of approval based on, and consistent with, the environmental mitigation commitments and management actions proposed by First Mining within the federal EA process covering areas including engineering designs, aquatic and terrestrial protections, monitoring, adaptive management and consultation. The Company will continue to ensure compliance with all of the conditions needed to advance the construction and operations in a timely manner.