First Mining Gold forms financing deal with First Majestic Silver to advance Springpole gold project

By paul matysek / June 11, 2020 / www.youtube.com / Article Link


First Mining Gold Corp (TSE: FF) (OTCQX: FFMGF) CEO Dan Wilton tells Proactive the miner has formed a $22.5 million funding deal with shareholder First Majestic Silver Corp (TSE:FR), which will give it enough capital to advance its flagship Springpole gold project in Ontario through the pre-feasibility and environmental assessment stage.Wilton says First Majestic will pay the exploration group US$22.5 million in total for a 50% stream of the silver produced from Springpole over its life.

Recent News

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com

Gold stocks continue to hit new highs

September 08, 2025 / www.canadianminingreport.com

Some mining stocks exposed to Burkina Faso take major hit

September 02, 2025 / www.canadianminingreport.com

Gold stocks again hit new highs

September 02, 2025 / www.canadianminingreport.com

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok