First Mining Gold Stock Price: Chart and Drivers

First Mining Gold Corp. (TSX: FF; OTCQX: FFMGF) traded at about C$0.66 to C$0.67 on 15 October 2026 (Toronto close, 4:00 p.m. Eastern, on Yahoo Finance), according to delayed quotes from Yahoo Finance, Morningstar and StockAnalysis. The 52-week range on all three is C$0.27 to C$0.98. The shares are a bet on one large project, Springpole in northwestern Ontario, so three things move them most: the gold price, permits and financing. This page shows each with dated numbers from the company’s own filings, a chart of Springpole’s value at five gold prices, and two calculators. It gives facts, not advice.

Terms used below. A junior miner is a small company that explores or develops projects and does not yet run a mine. Grade is gold per tonne of rock, in grams per tonne (g/t). A mineral resource is rock that may be worth mining; a mineral reserve is the part shown to be economic by a study, so a reserve is always smaller than the resource it comes from. A preliminary economic assessment (PEA) is an early study that is not a pre-feasibility or feasibility study, as Canada’s disclosure rule NI 43-101 defines it. A pre-feasibility study (PFS) is the next step up and a feasibility study (FS) is the most detailed of the three. NPV is net present value, the value today of future cash flows at a stated discount rate. AISC is all-in sustaining cost per ounce. Not investment advice.

First Mining Gold share price: quote, range and share count

First Mining describes itself as a gold developer with two projects: Springpole in Ontario and Duparquet in Quebec. It lists on the Toronto Stock Exchange as FF, on the U.S. OTCQX market as FFMGF and in Frankfurt as FMG, and is headquartered in Vancouver, according to its website. The table collects the main market figures with their dates.

Chart

Four reference prices for First Mining shares

C$ per share on the Toronto Stock Exchange

Three readings from the table. First, the 52-week high is about 3.6 times the low, which is normal for a developer with no mine in production: its value rests on what a project could earn, not on sales. Second, the shares on 15 October were about 20% below the C$0.84 price at which the company sold new shares, which closed on 24 September 2026 including the full over-allotment option. Third, Yahoo Finance’s trailing returns on 15 October show about +106% over one year and about -27% over one month, so a single day’s price says little about the trend.

What moves the share price

Four forces can move a developer’s stock, and the first three matter most. None of them is a forecast; each is something you can check in a filing.

• The gold price. Springpole’s published economics depend heavily on it (see the chart below). Spot gold was about US$4,147 an ounce in early U.S. trading in Kitco’s report of 15 October 2026, roughly 34% above the US$3,100 the 2025 study assumed. The USGS puts the average 2025 gold price at an estimated US$3,300 an ounce.
• Permits and agreements. A mine cannot be built without government approvals, and Springpole also depends on agreements with nearby Indigenous communities. The timeline in the next section lists each step with its date.
• New shares. Developers pay for studies and drilling by selling stock. The September 2026 sale added 68.5 million shares, about 4.6% of the roughly 1.49 billion shares outstanding on 15 October. Building Springpole would need far more: the 2025 study puts initial capital at US$1,104 million, against C$40.5 million of cash and securities on 30 June 2026 (second-quarter release) plus the C$57.5 million raised in September.
• Index and fund demand. On 14 September 2026 the company said it was added to the MVIS Global Junior Gold Miners Index, which the VanEck Junior Gold Miners ETF (GDXJ) tracks, effective at the close of trading on 18 September 2026. Funds that track an index buy its members, which can add trading volume. Our guide to the VanEck junior gold miners ETF explains how that fund is built.

Drill news also matters. On 10 September 2026 the company reported 5.26 g/t gold over 19.55 metres from its Miroir discovery at Duparquet (company news list). A g/t figure over a width is a single drill hole, so it shows where gold is, not how much can be mined.

Permits and community agreements: where Springpole stands

Springpole needs a federal and an Ontario environmental assessment (EA). The company submitted the final environmental impact statement in November 2024 and has run the federal process since 2018, according to its 23 April 2026 update and its EA page. The table lists the dated steps since the updated study.

The federal decision found the project not likely to cause significant adverse environmental effects under the 2012 federal assessment act, and it carries conditions on engineering, aquatic and land protection, monitoring and consultation, according to the company’s release. The Impact Assessment Agency of Canada’s project page confirms that the Decision Statement was issued on 30 June 2026.

The Ontario approval is separate. Ontario’s page says a ministry review is not the decision: the Minister decides after the comment period, and the decision is subject to the approval of the Lieutenant Governor in Council. The company’s website still calls Springpole “in the final stages” of the federal and provincial process (page read 16 October 2026), and it has started a feasibility study.

▶ Explains the seven environmental impacts of mining in plain words, the kind of effects an environmental assessment must weigh. · 2:31

How the gold price changes Springpole’s value

The 2025 study shows how sensitive the project is. It values Springpole at a 5% discount rate for five gold prices, assuming US$35.50 silver and a 0.74 US$ per C$ exchange rate in the base case (the US$4,200 case assumes US$51 silver and 0.71). All figures below are US$ billions from the 18 November 2025 release.

Chart

Springpole NPV at five gold prices

US$ billions at a 5% discount rate; x axis is gold in US$ per ounce

IRR is the internal rate of return, the yearly return that makes the project’s cash flows net to zero. With gold at about US$4,147 on 15 October, the spot price sits between the US$3,500 and US$4,200 columns, so a rough range for the study’s value at that price is US$2.7 billion to US$3.8 billion after tax. The US$4,200 case also assumes US$51 silver and a 0.71 exchange rate, so this is an interpolation, not a study result. These are study outputs at the start of construction. They exclude pre-construction costs and the cost of raising the capital, and they are not a price for the shares. The calculator below turns the study’s NPV into a per-share figure so you can see how far the market price sits from it.

Springpole in numbers

Springpole is 100% owned by First Mining and sits about 110 km northeast of Red Lake, Ontario. The 2025 study, prepared by Ausenco, plans an open pit with a 30,000-tonne-a-day plant that grinds the ore, floats the gold and silver into a concentrate and leaches both streams in tanks. The table gives its main inputs and results from the same release.

Two cautions on reading it. The indicated resource already contains the reserve, so do not add the two. The company notes that mineral resources are not reserves and have no demonstrated economic viability, and the reserve counts only indicated rock inside the planned pit. First Majestic Silver also holds a stream on 50% of the payable silver from Springpole, agreed in June 2020, as First Majestic’s project page describes; that page still shows an older reserve estimate, so use the 2025 figures above for the project itself. First Mining was founded in 2015 by Keith Neumeyer, who also founded First Majestic.

▶ Follows a small clay nugget from rock to ring: drilling, crushing, dissolving, catching gold on carbon, melting and refining. · 5:27

What First Mining owns besides Springpole

Both projects lie in the two provinces that mined 68% of Canada’s gold in 2024, when national output was nearly 200 tonnes (Natural Resources Canada).

Chart

Gold ounces by project and category

Million troy ounces of gold; the Springpole indicated resource includes the reserve

The Duparquet project in Quebec sits on the Destor-Porcupine Fault Zone in the Abitibi region. It hosts a gold resource of 3.44 million oz measured and indicated at 1.55 g/t, plus 2.64 million oz inferred at 1.62 g/t, according to the company’s 21 May 2026 drilling release. Duparquet is at PEA stage, so its economics are earlier and less certain than Springpole’s. The 2026 drilling program uses Forage Anicinape, a drilling company set up by Forages Rouillier with the Coopérative de solidarité de Pikogan, which represents the Pikogan First Nation.

The company also holds a 20% interest in PC Gold Inc., which owns the Pickle Crow project in Ontario. After Bellavista Resources (ASX: BVR) acquired the other partner’s interest, it exercised its right to cut First Mining’s stake from 30% to 20% by paying cash; the stake is carried (First Mining does not fund its share) until a decision to mine. First Mining also owns shares of Seva Mining (TSXV: SEVA), valued at C$29 million on 30 June 2026 (80 million shares at C$0.365), per the second-quarter release.

How to check a junior gold stock before relying on its price

The same checks work for any developer, and they matter more than the day’s quote.

1. Read the technical report. Canadian companies must support project claims with a report under NI 43-101, filed on SEDAR+. Check the date, the gold price assumed and who wrote it.
2. Separate reserves from resources. Only reserves have passed an economic test. Inferred resources have the lowest confidence and should not carry the valuation.
3. Note the study stage. A PEA is early, a PFS is further along and a feasibility study is the most detailed. First Mining’s Springpole is at PFS stage with a feasibility study begun, according to its website.
4. Compare cash with the build cost. Developers raise money in steps. Look at cash, the capital cost in the study and the share count after each sale.
5. List the permits and agreements still needed and read their dates in government sources, not only in company releases.
6. Test the gold price. Ask what the study shows at a price 20% lower than the base case.
7. Check the ground independently. Satellite images can map alteration clues on a property before a drill program, which gives an investor or consultant an independent first look at a property. The results are exploration targets, not resources or reserves.

Our guides to the best long-term junior mining stocks and to junior gold and copper miners apply the same checklist to other companies. If you hold a licence or advise investors on a project, you can describe the area through the mining query form, learn how the satellite-based mineral detection service works, or reach the team on the contact page.

▶ Explains that satellites cannot see gold itself but map the rust stains, clay minerals and cracks that surround it. · 4:25

Related reading on this site: First Majestic Stock Price: Chart and Drivers.

We cover a connected topic in Fortuna Silver Stock Price: FSM Drivers and Data.

Frequently asked questions

What is First Mining Gold’s share price?

About C$0.66 to C$0.67 on the Toronto Stock Exchange on 15 October 2026, in a 52-week range of C$0.27 to C$0.98 (delayed quotes from Yahoo Finance, Morningstar and StockAnalysis).

What are First Mining Gold’s ticker symbols?

The symbol is FF on the Toronto Stock Exchange, FFMGF on the OTCQX in the United States and FMG in Frankfurt, according to the company website.

Does First Mining Gold produce gold?

No. The company describes itself as a gold developer. Springpole is at pre-feasibility stage with a feasibility study begun, and Duparquet is at PEA stage. The 2025 study plans average output of 330,000 oz a year in years 1 to 5 if the mine is built.

Has Springpole received its environmental approval?

The federal Decision Statement was issued on 30 June 2026. Ontario published its ministry review on 22 June 2026 and closed comments on 31 July 2026; the provincial decision is made by the Minister and is subject to approval by the Lieutenant Governor in Council (Ontario.ca page read 16 October 2026).

How much gold is at Springpole?

The 2025 study reports a probable reserve of 3.1 million oz of gold in 102.0 million tonnes at 0.94 g/t, within an indicated resource of 4.8 million oz and an inferred resource of 0.8 million oz.

How much would it cost to build Springpole?

The 2025 study estimates initial capital at US$1,104 million, with US$323 million of sustaining capital and US$40 million in closure costs (excluding plant closure).

Why is the stock so sensitive to the gold price?

The study’s after-tax NPV rises from US$1.3 billion at US$2,450 gold to US$3.8 billion at US$4,200. Because the company has no mine revenue, investors price the shares largely on project value of this kind.

Is First Mining Gold in the GDXJ fund?

The company announced on 14 September 2026 that it was added to the index the VanEck Junior Gold Miners ETF tracks, effective at the close of trading on 18 September 2026. Check VanEck’s holdings page for the fund’s current list.

How many shares does First Mining have?

About 1.49 billion on 15 October 2026 (Morningstar), which gives a market value of roughly C$0.98 to C$1.0 billion at the quoted price. The count rose after the September 2026 sale of 68,459,500 shares.

Does First Mining pay a dividend?

Yahoo Finance shows no dividend on 15 October 2026. The company has no revenue from mining, so it funds work by selling shares.

When does First Mining report its next results?

The second-quarter 2026 results came out on 12 August 2026. Yahoo Finance lists an estimated date of 12 November 2026 for the next report; confirm it on the company’s news page.

Who started First Mining?

The company was established in 2015 by Keith Neumeyer, founder of First Majestic Silver Corp., according to the company.