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First Mining Gold

TSX:FF
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FF
TSX
CA$204M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

First Mining Gold Corp. develops and explores for gold projects in North America. The last earnings update was 134 days ago. More info.


Add to Portfolio Compare Print
  • First Mining Gold has significant price volatility in the past 3 months.
FF Share Price and Events
7 Day Returns
2.8%
TSX:FF
-2.1%
CA Metals and Mining
0.3%
CA Market
1 Year Returns
-23.2%
TSX:FF
-5.9%
CA Metals and Mining
0.7%
CA Market
FF Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
First Mining Gold (FF) 2.8% -6.4% 73.8% -23.2% -9.9% -
CA Metals and Mining -2.1% 1.4% 13.1% -5.9% 8.9% -22%
CA Market 0.3% 2% 13.2% 0.7% 16.6% 5.6%
1 Year Return vs Industry and Market
  • FF underperformed the Metals and Mining industry which returned -5.9% over the past year.
  • FF underperformed the Market in Canada which returned 0.7% over the past year.
Price Volatility
FF
Industry
5yr Volatility vs Market

Value

 Is First Mining Gold undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for First Mining Gold. This is due to cash flow or dividend data being unavailable. The share price is CA$0.365.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for First Mining Gold's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are First Mining Gold's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:FF PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-09-30) in CAD CA$-0.01
TSX:FF Share Price ** TSX (2019-03-20) in CAD CA$0.37
Canada Metals and Mining Industry PE Ratio Median Figure of 115 Publicly-Listed Metals and Mining Companies 12.49x
Canada Market PE Ratio Median Figure of 542 Publicly-Listed Companies 14.78x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of First Mining Gold.

TSX:FF PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:FF Share Price ÷ EPS (both in CAD)

= 0.37 ÷ -0.01

-28.09x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Mining Gold is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • First Mining Gold is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does First Mining Gold's expected growth come at a high price?
Raw Data
TSX:FF PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -28.09x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
47.5%per year
Canada Metals and Mining Industry PEG Ratio Median Figure of 35 Publicly-Listed Metals and Mining Companies 0.7x
Canada Market PEG Ratio Median Figure of 253 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for First Mining Gold, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on First Mining Gold's assets?
Raw Data
TSX:FF PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-09-30) in CAD CA$0.47
TSX:FF Share Price * TSX (2019-03-20) in CAD CA$0.37
Canada Metals and Mining Industry PB Ratio Median Figure of 1,080 Publicly-Listed Metals and Mining Companies 1.44x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 1.58x
TSX:FF PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:FF Share Price ÷ Book Value per Share (both in CAD)

= 0.37 ÷ 0.47

0.78x

* Primary Listing of First Mining Gold.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Mining Gold is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess First Mining Gold's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. First Mining Gold has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is First Mining Gold expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
47.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is First Mining Gold expected to grow at an attractive rate?
  • Unable to compare First Mining Gold's earnings growth to the low risk savings rate as it is expected to be loss making during the next 1-3 years.
Growth vs Market Checks
  • Unable to compare First Mining Gold's earnings growth to the Canada market average as it is expected to be loss making during the next 1-3 years.
  • Unable to compare First Mining Gold's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSX:FF Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:FF Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts 47.5%
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 33.3%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 7%
Canada Market Earnings Growth Rate Market Cap Weighted Average 17.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 6.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:FF Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:FF Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 88 46 1
2022-12-31 0 1
2021-12-31 0 1
2020-12-31 0 1
2019-12-31 0 -4 2
2018-12-31 0 -7 2
TSX:FF Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2018-09-30 -4 -7
2018-06-30 -4 -8
2018-03-31 -5 -8
2017-12-31 -5 -11
2017-09-30 -5 -13
2017-06-30 -6 -12
2017-03-31 -5 -17
2016-12-31 -7 -11
2016-09-30 -7 -9
2016-06-30 -6 -11
2016-03-31 -4 -5
2015-12-31 -2 -5

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • First Mining Gold is not considered high growth as it is expected to be loss making for the next 1-3 years.
  • Unable to determine if First Mining Gold is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:FF Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (5 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from First Mining Gold Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:FF Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31 -0.01 -0.01 -0.01 2.00
2018-12-31 -0.01 -0.01 -0.01 2.00
TSX:FF Past Financials Data
Date (Data in CAD Millions) EPS *
2018-09-30 -0.01
2018-06-30 -0.01
2018-03-31 -0.02
2017-12-31 -0.02
2017-09-30 -0.02
2017-06-30 -0.02
2017-03-31 -0.03
2016-12-31 -0.03
2016-09-30 -0.03
2016-06-30 -0.04
2016-03-31 -0.03
2015-12-31 -0.05

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if First Mining Gold will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess First Mining Gold's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
First Mining Gold has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has First Mining Gold performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare First Mining Gold's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • First Mining Gold does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare First Mining Gold's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare First Mining Gold's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
First Mining Gold's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from First Mining Gold Company Filings, last reported 5 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:FF Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-09-30 -7.23 5.72
2018-06-30 -7.58 5.76
2018-03-31 -8.28 5.98
2017-12-31 -11.18 8.74
2017-09-30 -13.50 9.12
2017-06-30 -12.07 9.30
2017-03-31 -16.52 13.58
2016-12-31 -11.15 7.96
2016-09-30 -9.48 7.64
2016-06-30 -10.72 7.42
2016-03-31 -4.93 2.40
2015-12-31 -5.08 2.80
2015-09-30 -3.30 2.15
2015-06-30 -2.57 1.51
2015-03-31 -2.07 1.37
2014-12-31 -0.72 0.57
2014-09-30 -0.70 0.59
2013-12-31 -0.40 0.64
2013-09-30 -0.64 0.57
2012-12-31 -0.88 1.06
2012-09-30 -1.23 1.51
2012-06-30 -1.15 1.51
2012-03-31 -0.86 1.39

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if First Mining Gold has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if First Mining Gold has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if First Mining Gold improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess First Mining Gold's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
First Mining Gold has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is First Mining Gold's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up First Mining Gold's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • First Mining Gold is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • First Mining Gold has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of First Mining Gold's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • First Mining Gold has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from First Mining Gold Company Filings, last reported 5 months ago.

TSX:FF Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-09-30 261.67 0.00 9.60
2018-06-30 263.01 0.00 12.61
2018-03-31 265.28 0.00 16.54
2017-12-31 264.65 0.00 19.68
2017-09-30 266.20 0.00 23.04
2017-06-30 267.71 0.00 27.20
2017-03-31 266.38 2.33 33.15
2016-12-31 266.23 2.56 39.00
2016-09-30 268.96 2.77 42.87
2016-06-30 236.96 3.62 9.64
2016-03-31 108.98 1.80 1.54
2015-12-31 104.56 1.87 0.69
2015-09-30 26.38 1.47 2.30
2015-06-30 12.32 1.35 4.62
2015-03-31 12.92 1.34 6.82
2014-12-31 7.65 0.63 0.04
2014-09-30 4.84 0.59 0.08
2013-12-31 0.77 0.20 0.03
2013-09-30
2012-12-31 1.08 0.00 0.14
2012-09-30 1.29 0.00 0.20
2012-06-30 1.45 0.00 0.03
2012-03-31 1.71 0.00 0.23
  • First Mining Gold has no debt.
  • First Mining Gold has no debt compared to 5 years ago when it was 18%.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • First Mining Gold has less than a year of cash runway based on current free cash flow.
  • First Mining Gold has less than a year of cash runway if free cash flow continues to grow at historical rates of 37.8% each year.
X
Financial health checks
We assess First Mining Gold's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. First Mining Gold has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is First Mining Gold's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from First Mining Gold dividends.
If you bought CA$2,000 of First Mining Gold shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate First Mining Gold's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate First Mining Gold's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:FF Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 330 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2%
Canada Top 25% Dividend Yield 75th Percentile 5.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:FF Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31
2020-12-31
2019-12-31
2018-12-31

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as First Mining Gold has not reported any payouts.
  • Unable to verify if First Mining Gold's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of First Mining Gold's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as First Mining Gold has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess First Mining Gold's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can First Mining Gold afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. First Mining Gold has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of First Mining Gold's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dan Wilton
TENURE AS CEO 0.2 years
CEO Bio

Mr. Daniel William Wilton, also known as Dan, has been the Chief Executive Officer of First Mining Gold Corp. since January 07, 2019 and serves as its Director. Mr. Wilton serves as a Director of South Star Mining Corp. since December 06, 2018. Mr. Wilton served as Investment Partner and Partner at Pacific Road Capital Management Pty Limited, and reviewed a number of its projects in Brazil. He joined Pacific Road in 2013. He also financed the development of the Aurizona gold project through critical prefeasibility and permitting activities. Previously, Mr. Wilton served as Managing Director and Head of Global Mining and Metals at National Bank Financial (NBF) with dedicated coverage responsibility for the mining sector. Mr. Wilton has 25 years of experience in M&A, corporate finance and principal investing in the mining sector. His transaction experience includes advising on over $ 10 billion in mergers and acquisition transactions and over $ 1 billion in corporate financings. Over the four years, he has led several equity financings for Canadian-based junior mining companies developing projects in Asia. Mr. Wilton has also been the Head of the Global Mining and Metals Group at National Bank Financial Inc. Prior to joining NBF, he served as a Managing Director of Business Development for European financial services businesses at General Electric and was responsible for acquisitions of financial services platforms in Central and Eastern Europe. Mr. Wilton's investment banking career has included a variety of coverage and execution roles at Morgan Stanley and Credit Suisse First Boston, with a focus on equity raising, project financing and mergers and acquisitions assignments for clients in the natural resources and energy sectors. He serves as a Member of the Board of Directors of Providence Health Care. He has been a Director of Luna Gold Corp. since June 30, 2015. He has been Director of Trek Mining Inc. since March 31, 2017. He served as a Director of Equinox Gold Corp. from March 31, 2017 to December 22, 2017. He holds an M.B.A. (with Distinction) from INSEAD in Fontainebleau, France and a B.Com (Honors) from Queen's University.

CEO Compensation
  • Insufficient data for Dan to compare compensation growth.
  • Insufficient data for Dan to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the First Mining Gold management team in years:

2.5
Average Tenure
59
Average Age
  • The tenure for the First Mining Gold management team is about average.
Management Team

Andy Marshall

TITLE
Chief Financial Officer
COMPENSATION
CA$418K
TENURE
2.5 yrs

Chris Osterman

TITLE
COO & Director
COMPENSATION
CA$1M
AGE
61
TENURE
1.2 yrs

Bill Tanaka

TITLE
Vice President of Technical Services & Consultant
COMPENSATION
CA$488K
TENURE
2.8 yrs

Dan Wilton

TITLE
CEO & Director
TENURE
0.2 yrs

Samir Patel

TITLE
General Counsel & Corporate Secretary
TENURE
2.8 yrs

Raul Diaz-Unzueta

TITLE
Exploration Manager of Latin America
COMPENSATION
CA$168K
AGE
59
TENURE
4 yrs

Andrew Poon

TITLE
Consultant
COMPENSATION
CA$258K
AGE
49
TENURE
2.5 yrs
Board of Directors Tenure

Average tenure and age of the First Mining Gold board of directors in years:

4
Average Tenure
61
Average Age
  • The tenure for the First Mining Gold board of directors is about average.
Board of Directors

Keith Neumeyer

TITLE
Chairman of the Board
COMPENSATION
CA$990K
AGE
58
TENURE
4 yrs

Chris Osterman

TITLE
COO & Director
COMPENSATION
CA$1M
AGE
61
TENURE
4 yrs

Dan Wilton

TITLE
CEO & Director

Raymond Polman

TITLE
Director
COMPENSATION
CA$296K
AGE
58
TENURE
4 yrs

David Shaw

TITLE
Director
COMPENSATION
CA$268K
AGE
66
TENURE
4 yrs

Michel Bouchard

TITLE
Director
COMPENSATION
CA$269K
AGE
64
TENURE
2.9 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by First Mining Gold insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
28. Dec 18 Buy David Shaw Individual 27. Dec 18 27. Dec 18 72,000 CA$0.24 CA$17,060
21. Dec 18 Buy David Shaw Individual 21. Dec 18 21. Dec 18 50,000 CA$0.25 CA$12,250
18. Dec 18 Buy David Shaw Individual 18. Dec 18 18. Dec 18 50,000 CA$0.24 CA$12,000
12. Dec 18 Buy David Shaw Individual 12. Dec 18 12. Dec 18 50,000 CA$0.25 CA$12,500
03. Oct 18 Buy Jeffrey Swinoga Individual 02. Oct 18 02. Oct 18 25,000 CA$0.34 CA$8,500
14. Jul 18 Buy Jeffrey Swinoga Individual 12. Jul 18 13. Jul 18 25,000 CA$0.43 CA$10,587
04. Jun 18 Buy Jeffrey Swinoga Individual 04. Jun 18 04. Jun 18 25,000 CA$0.49 CA$12,125
X
Management checks
We assess First Mining Gold's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. First Mining Gold has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

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What Kind Of Shareholders Own First Mining Gold Corp. (TSE:FF)?

Insiders often own a large chunk of younger, smaller, companies while huge companies tend to have institutions as shareholders. … We also tend to see lower insider ownership in companies that were previously publicly owned. … With a market capitalization of CA$190m, First Mining Gold is a small cap stock, so it might not be well known by many institutional investors.

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Could The First Mining Gold Corp (TSE:FF) Ownership Structure Tell Us Something Useful?

We also tend to see lower insider ownership in companies that were previously publicly owned. … Taking a look at the our data on the ownership groups (below), it's seems that. … We can zoom in on the different ownership groups, to learn more about FF

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First Mining Gold Corp (TSE:FF): Is Breakeven Near?

First Mining Gold Corp's (TSE:FF):. … First Mining Gold Corp. … Check out our latest analysis for First Mining Gold

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A Look At First Mining Finance Corp (TSX:FF) And The Basic Materials Sector

First Mining Finance Corp (TSX:FF), a CADCA$292.64M small-cap, is a metals and mining operating in an industry which supplies materials for construction. … If your initial investment thesis is around the growth prospects of FF, there are other metals and mining companies that have delivered higher growth, and perhaps trading at a discount to the industry average. … Although its growth has delivered lower growth relative to its metals and mining peers in the near term, the market may be pessimistic on the stock, leading to a potential undervaluation.

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Breaking Down First Mining Finance Corp's (TSX:FF) Ownership Structure

The impact of a company's ownership structure affects both its short- and long-term performance. … View our latest analysis for First Mining Finance TSX:FF Ownership Summary Nov 17th 17 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … Institutional ownership level and composition in FF is not high nor active enough to significantly impact its investment thesis.

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How Much is First Mining Finance Corp's (TSX:FF) CEO Getting Paid?

While one size does not fit all, as compensation should account for specific factors of the company and market, we can gauge a high-level thresold to see if FF is an outlier. … Usually I would use earnings and market cap to account for variations in performance, however, FF's negative earnings reduces the usefulness of my formula. … Regardless of whether Osterman's pay is above or below peers, the more important factors to look at is FF's track record of performance and future outlook moving forward.

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Company Info

Description

First Mining Gold Corp. develops and explores for gold projects in North America. The company also explores for copper and iron ore deposits. Its portfolio consists of 25 projects covering an area of approximately 300,000 hectares located in Eastern Canada, Mexico, and the United States. The company was formerly known as First Mining Finance Corp. and changed its name to First Mining Gold Corp. in January 2018. First Mining Gold Corp. is headquartered in Vancouver, Canada.

Details
Name: First Mining Gold Corp.
FF
Exchange: TSX
Founded:
CA$203,785,674
558,316,916
Website: http://www.firstmininggold.com
Address: First Mining Gold Corp.
1800-925 West Georgia Street,
Vancouver,
British Columbia, V6C 3L2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX FF New Common Shares The Toronto Stock Exchange CA CAD 31. Mar 2015
OTCPK FFMG.F New Common Shares Pink Sheets LLC US USD 31. Mar 2015
DB FMG New Common Shares Deutsche Boerse AG DE EUR 31. Mar 2015
LSE 0P07 New Common Shares London Stock Exchange GB CAD 31. Mar 2015
Number of employees
Current staff
Staff numbers
22
First Mining Gold employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/21 00:04
End of day share price update: 2019/03/20 00:00
Last estimates confirmation: 2019/02/23
Last earnings filing: 2018/11/07
Last earnings reported: 2018/09/30
Last annual earnings reported: 2017/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.