First Mining Gold Corp.
FFMGF · Gold and Silver Ores · EDGAR filings ↗
Grade
C58Pre-revenue gold-exploration company with no operations but an unusually long cash runway.
Strengths
- Long ~24-quarter cash runway (86th pct) and clean balance sheet with low debt
- Solid liquidity (current ratio 3.3, 64th pct)
Risks
- No revenue and negative returns (ROE -36% / 21st, ROA -22%)
- Value entirely dependent on permitting/financing of development-stage assets; FCF negative
Notable findings
- Cash burnNegative free cash flow (-5.3M)
Key metrics
Return on equity
-35.7%
Return on assets
-22.3%
Current ratio
3.3×
Free cash flow
-$5M
Tangible book value
$159M
Cash & investments
$32M
Cash runway
24q
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 40-F | 2026-04-01 | 2025-12-31 | 0001654954-26-003111 ↗ |
| 40-F | 2025-03-31 | 2024-12-31 | 0001654954-25-003562 ↗ |
| 40-F | 2024-04-01 | 2023-12-31 | 0001654954-24-003968 ↗ |
| 40-F | 2023-03-29 | 2022-12-31 | 0001654954-23-003827 ↗ |
| 40-F | 2022-03-28 | 2021-12-31 | 0001654954-22-003856 ↗ |
| 40-F | 2021-03-25 | 2020-12-31 | 0001654954-21-003261 ↗ |
| 40-F | 2020-03-31 | 2019-12-31 | 0001654954-20-003543 ↗ |
| 40-F | 2019-04-02 | 2018-12-31 | 0001654954-19-003898 ↗ |
| 40-F | 2018-03-22 | 2017-12-31 | 0001062993-18-001316 ↗ |
| 40-F | 2017-04-20 | 2016-12-31 | 0001062993-17-001970 ↗ |