First Mining Gains 5.13%: New 9-Year Closing High of $0.82

First Mining Gold (TSX: FF) gained by 5.13% today to a new nine-year closing high of $0.82 per share and has the most bullish chart out of all gold stocks. First Mining is so far up by 429.03% since NIA's suggestion at $0.155 per share, but remains extremely undervalued.

First Mining's Springpole is Canada's latest gold project to receive Federal EA Approval. The only other Canadian gold project of similar size to recently receive Federal EA Approval is Skeena's Eskay Creek.

First Mining's Springpole has an indicated 4.8 million oz of gold plus an inferred 0.8 million oz, for 5.6 million oz of total gold resources. Skeena's Eskay Creek has a measured & indicated 4.1 million oz of gold and 101.4 million oz of silver, which is equal to 5.6 million oz of gold equivalent.

Skeena's market cap is approximately US$4.07 billion, or 5x higher than First Mining's market cap of US$814.57 million, when the total gold equivalent resources of Springpole and Eskay Creek are almost exactly the same.

First Mining also owns the rapidly growing Duparquet in Quebec, which has a measured & indicated 3.44 million oz of gold plus an inferred 2.64 million oz, for 6.08 million oz of total gold resources.

The closest comparison to First Mining's Duparquet would probably be Gold X2 Mining (TSXV: AUXX)'s Moss in Ontario, which has an indicated 2.125 million oz of gold plus an inferred 3.91 million oz, for 6.035 million oz of total gold resources.

AUXX closed today at $8.88 per share for a gain of 335.29% since NIA's October 2024 suggestion at $2.04 per share, back when the company was known as Goldshore. AUXX is trading at a market cap of US$644.05 million for Moss alone, when it is an earlier-stage project like Duparquet.

So not only is First Mining extremely undervalued based on Springpole alone, but you are essentially getting Duparquet for free.

First Mining Chairman Keith Neumeyer is a major Westward Gold (CSE: WG) shareholder, and WG Chairman Quinton Hennigh discovered First Mining's Springpole!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from FF of US$100,000 cash for a twelve-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. NIA previously received compensation from AUXX of US$30,000 cash for a three-month marketing contract which has since expired. NIA has received compensation from WG of US$60,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.