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First Mining Gold Corp (FF) Financials

TSX: FF · Gold · Development stage

First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where the federal Environmental Assessment for the Springpole Project was approved in June 2026, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns a 20% project interest in the Pickle Crow Gold Project in Ontario and large equity interest in Seva Mining Corp.

First Mining Gold Corp financial statements

Key figures read from 40 of 41 financial statement filings, Nov 15, 2016 to Aug 11, 2026. Each column is the period as the company first filed it.

Balance sheet: annual key figures

Canadian dollars (C$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.

Dec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Cash and equivalentsC$43,346C$11,351C$12,211C$13,558—
Short-term investmentsC$2,006C$2,388———
Total current assetsC$73,873C$15,059C$13,349C$14,860C$43,911
Total current liabilitiesC$23,231C$14,315C$11,187C$9,248C$9,955
Working capitalC$50,642C$744C$2,162C$5,612C$33,956
Exploration and evaluation assetsC$251,497C$256,059C$244,234C$221,147C$170,017
Property, plant and equipmentC$1,694C$1,923C$2,101C$1,373C$1,086
Total assetsC$348,792C$294,852C$286,067C$266,933C$260,309
Total liabilitiesC$130,739C$50,410C$47,673C$39,263C$36,384
Shareholders' equityC$218,053C$244,442C$238,394C$227,670C$223,925

Income statement: annual key figures

Canadian dollars (C$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Exploration and evaluation expenseC$1,142C$794C$787C$639—
General and administrativeC$5,103C$4,673C$5,280C$4,962—
Impairments and write-downsC$6,426C$11,955C$1,545C$10,361—
Net income (loss)(C$77,919)(C$15,314)(C$7,036)(C$16,279)(C$38,350)

Cash flow statement: annual key figures

Canadian dollars (C$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.

FY Dec 2025FY Dec 2024FY Dec 2023FY Dec 2022FY Dec 2021
Operating cash flow(C$7,393)(C$3,952)(C$5,072)(C$5,082)(C$6,443)
Investing cash flow(C$14,264)(C$17,867)(C$11,315)(C$15,809)C$1,847
Financing cash flowC$53,986C$20,737C$15,115C$4,889C$5,263
Exploration spending (capitalized)(C$22,856)(C$20,877)(C$18,458)(C$25,113)(C$15,771)
Proceeds from share issuesC$34,834C$12,856C$15,283C$5,054C$0
Change in cashC$31,995(C$860)(C$1,347)(C$15,958)C$615
Cash at end of periodC$43,346C$11,351C$12,211C$13,558C$29,516

First Mining Gold Corp financings

1 financing announced or closed by First Mining Gold Corp, read by Mining News Terminal, newest first.

DateCompanyTypeStageAmountUnit priceRelease
2026-09-17First Mining Gold Corp (FF)Private placement, bought dealClosed, 1 tranche$57.5M$0.840First Mining Announces $50 Million Bought-Deal Offering of Common Shares

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