In this episode from the Jay Martin channel, Jay interviews Dan Wilson, CEO of First Mining Gold, where Dan discusses the M&A activity in the Gold mining sector … Dan believes that the industry is in a unique position that presents the best setup for M&A activity in his 30-year career, as the mining sector has systematically under-invested in productive capacity and longevity of its reserves since 2011, leading to increased costs, and the discovery of very few world-class deposits … meanwhile, most producing mining companies are realizing more free cash flow per ounce than they budgeted due to the increased gold price … this combination of factors, along with low valuations in the developer space, should create good opportunities for M&A activity.

In regards First Mining Gold Corp. (TSXV:FF) it’s advancing one of the largest undeveloped open pit gold deposits in Canada, called Springpole, which currently has measured and indicated resources of 4.6 million ounces of gold and 24 million ounces of silver … the company has been working on environmental assessments since 2018 and expects to submit the final EA in about a year … the project has a clear line of sight for environmental assessment approval, and with 90% of the feasibility study process completed, the project is well-advanced.

The Springpole project has a great jurisdiction, is located in northwestern Ontario, and has access to infrastructure, including power lines and forestry roads … it presents a significant opportunity to drive infrastructure into the region and has support from the province of Ontario … the pre-feasibility study showed the mine life is expected to last 11 years, with an average production of over 300,000 ounces per year.

Dan goes on to provide updates on First Mining’s Abitibi Gold belt project, as well as, the recent sale of their Eagle asset, and more.

See the original video here …
https://www.youtube.com/watch?v=upYZME7nie8

This video was created by The Jay Martin Show … view, support, & engage with more Jay Martin Show content at the following links …

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