First Mining Gold (FF) Q1 2026 earnings summary

Executive summary

• Reported Q1 2026 financial results and operating highlights, including major project updates and asset transactions.

• Advanced permitting and technical studies at Springpole Gold Project, with key Indigenous assessments nearing completion.

• Closed sale of Cameron Gold Project, receiving $5 million in cash, 80 million Seva Mining shares, and a future payment.

• Reduced ownership in Pickle Crow Gold Project to 20% after Bellavista paid $3 million; interest remains free carried to decision to mine.

Financial highlights

• Cash and marketable securities balance at $44.8 million as of March 31, 2026.

• Equity investment in Seva Mining valued at $30 million based on 80 million shares at C$0.375 per share.

• Equity interest in PC Gold Inc. valued at $21.5 million.

Outlook and guidance

• Ongoing technical studies and data collection at Springpole to continue through 2026, supporting project derisking.

• Environmental Assessment decision for Springpole extended to June 30, 2026; Indigenous vote scheduled for June 4, 2026.

• Continued focus on resource growth at Duparquet’s Miroir target, with further drilling planned.