Northwire Canada EditionFriday, July 10, 2026
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TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0% TLO 5.37 +5.7% BNKR 4.88 +1.7% GG 2.25 +3.2% MJS 0.100 +5.3% PAAS 62.54 +3.6% PE 0.230 +0.0% SGML 17.19 +4.8% LAR 10.34 −1.1% NED 0.025 +0.0% GEN 0.080 +0.0% TVI 0.060 +0.0% SKYG 0.025 −37.5% WRLG 0.660 +6.5% FFU 0.120 −7.7% LOD 0.310 +3.3% CBI 0.110 +0.0%
Drill Results Routine +

First Mining Commences 2026 Drilling Campaign and Signs Milestone Drilling Partnership with Forage Anicinape at the Duparquet Gold Project

Drilling Execution Continues Amidst Permitting Delays and Portfolio Restructuring

By The Northwire Desk — AI Analysis May 21, 2026 · 07:00 FF · 0.49 First Mining Gold Corp.
Executive Summary
  • First Mining Gold Corp. has officially commenced its 2026 drilling campaign at the Duparquet Gold Project in Quebec, targeting approximately 12,000 metres of drilling using two diamond drill rigs.
  • The company signed a milestone partnership with Forage Anicinape, an Indigenous-led drilling company representing the Pikogan First Nation, to execute this program.
  • Primary focus is follow-up drilling at the Miroir target, building on high-grade results from the 2025 program (e.g., DUP25-085: 3.74 g/t Au over 15.5 m).
  • The campaign aims to support resource confidence, exploration growth, and technical studies including geotechnical, metallurgical, and hydrogeological work.
  • This announcement follows the May 19, 2026 release of final 2025 drill results which highlighted new zones (Minuit) and continuity in North/South Zones.
Material Impact
  • Expectation vs. Reality: The commencement of a 12,000m drilling campaign was anticipated given the company's Q1 2026 cash position ($44.8 million) and previous announcements regarding the 2026 program scope (May 13 news). Therefore, this is not unexpected market-moving information.
  • Strategic Value: The partnership with Forage Anicinape strengthens ESG credentials and Indigenous relations, which is critical for permitting in Quebec but does not directly impact short-term financials or resource estimates immediately.
  • Financial Context: With $44.8 million in cash (as of March 31, 2026), the company has sufficient liquidity to fund this campaign without immediate dilution risk, reducing downside pressure on capital structure.
  • Catalyst Status: While positive for project advancement, it lacks the "surprise" element required for a Material - Positive rating (e.g., no new resource estimate announced concurrently). It is an execution step rather than a value inflection point.
FF · Price
Company Overview
  • Duparquet Gold Project (Quebec): The primary exploration focus. Current resources stand at 3.44 million ounces Measured & Indicated @ 1.55 g/t Au and 2.64 million ounces Inferred @ 1.62 g/t Au. Recent drilling has expanded the Miroir target to ~250m depth.
  • Springpole Gold Project (Ontario): The flagship development project. Updated Pre-Feasibility Study (PFS) filed in Dec 2025 shows a robust economic profile ($3.2B NPV at $1,300/oz Au). However, permitting is currently the bottleneck with EA decision extended to June 30, 2026.
  • Cameron Gold Project: Sold to Seva Mining Corp. in March 2026 for $5M cash + equity stake. First Mining now holds ~48% of Seva and two board seats, shifting from asset owner to strategic investor.
  • Pickle Crow Gold Project (Ontario): Joint venture with Bellavista Resources. First Mining's interest reduced to 20%, free carried until a mining decision is made.
Read the original news release →

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