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First Mining Gold

FF.TO
Gold · Basic Materials
Also trades as: 0P07.L · FFMGF
Price
C$0.94
+0.04 (+4.44%)
Market Cap
C$1.30B
Exchange
Toronto Stock Exchange
Winston Score
Winston looking sleepy
No score yet — Winston is napping.
We couldn’t gather enough financial data to score this stock reliably.

Share count rising — dilution

+73.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 698.7M (2021) → 1.21B (2025)

Winston Score History

The full picture

First Mining Gold Corp. is a Canadian company that owns gold deposits in the ground but does not yet mine or sell gold. Its main assets are large undeveloped gold projects, with the Springpole Gold Project in Ontario being its most important property. The company's job right now is to explore and develop these deposits until they are ready to be turned into operating mines.

First Mining makes almost no revenue today because it is still in the development stage. It is headquartered in Vancouver, Canada, and its projects are located primarily in Ontario and other parts of Canada. The company's value depends almost entirely on the gold sitting in the ground at its properties, which means its biggest risk is whether it can raise enough money to build a mine and whether gold prices stay high enough to make that worthwhile.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

Revenue data limited

EPS Growth

-23.9% YoY

YoY Growth Rate

Earnings declining

R&D Spend

C$0/ year

Research and development spending

Insider Activity

5.3%ownership

Flat

Insider ownership roughly steady over the past year

Cash Runway

~21 months

C$80M cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Adequate runway but may need to raise capital within 2 years

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
N/A
Data not available
Profit after running costs
Operating Margin
N/A
Data not available
Return on the money invested
ROCE
-7.6%
Weak — -7.6% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales growth
Sales YoY
N/A
Data not available
Profit growth
EPS YoY
N/A
Data not available
How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
N/A
Data not available
Spare cash per sale
FCF Margin
N/A
Data not available

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Stability

What it owes vs what it owns
Debt / Equity
N/A
Data not available
Covers its interest
Interest Cover
N/A
Data not available

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Valuation

Price vs profit
P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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