Stock

First Mining Gold

FF.TO

Gold · Basic Materials

Also trades as: 0P07.L GBP 0.01 (-4.17%) · FFMGF USD 0.48 (-5.99%)

Price

C$0.68

-0.03 (-4.23%)

Market Cap

C$941.3M

Exchange

Toronto Stock Exchange

Winston Score

–

No score yet — nothing to grade.

This is a pre-revenue company — it has no sales yet, just exploration or development costs. There’s no operating business to grade on profitability, margins or cash flow, so the Winston Score stays blank until it starts booking revenue.

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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

For growth stock investors

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

0.00

Conservative — low debt load (0.00)

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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