First Mining Gold Corp (FF) News

Just heard on Fox biz that Trump wants to fire J.Powell asap. Trump's talking to Kevin Warsh about taking his place, but Warsh told Trump to hold off and let Powell finish out his term. LOL

That may screw Warsh's chances on being the Fed Head, I don't think Trump likes being told what to do. This is getting interesting for sure. Not sure why the markets aren't roiling more on this news. Stay tuned.

Trump's pissed off because Powell isn't dropping rates NOW. Is this all politics? Yes.

Green on a Red day is impressive. 

The Talking Heads on CNBC are discussing who could be the next Fed Head. It comes without saying it will be a Trump "Yes Man/Woman" in that position.

The most interesting pick they talked about was guess who? Scott Bessent. That might have him being in the dual role of Treasury Secretary and Fed Head. Very interesting set-up if that happened. I would see that as being a major problem for the Bankster Elites, if Bessent were in charge at the Fed. Bessent should be good for gold and sound money.

I didn't hear any discussion about Judy Shelton; she may be flying under the radar at this time. She would probably be a surprise pick if she got the job.

Food for thought.

Let me be very clear on something You have wrong. My calls for any correction in the gold price WERE NOT from $800, $1000, or $1500 ago. I don't know where the gold price will be or when such an event will happen. History tells me, it COULD happen

If we see a debt crisis, bond crisis, or stock market panic that will most likely have investors selling all assets, including gold and silver. That's happened before, you can research it. Could this time be different? Maybe.

I'm not a financial advisor here, I'm just posting my opinions.

P.S.: If I'm wrong with my prediction, I'll be the first to admit it.

Gold and commodities. 

No ill will was meant in my post. Just offering a counterpoint for other potential gold investors or potential gold mining stock investors - if you always are waiting for the dip or correction - you may miss the ride entirely. That is a $800 increase in gold price from your calls on a correction. Given the debt levels and the drop in the bucket savings from DOGE and the TRILLIONS in debt that need to be refinanced - invest now accordingly. Don't be caught waiting on the sidelines waiting for something that may or may not happen.

Wonder if Judy Shelton would be in consideration to be the next Fed Head? We know Powell is certainly gone.
If Shelton is Trump's pick, gold should take another leg higher.

https://www.zerohedge.com/political/termination-cannot-come-fast-enough-trump-pummels-always-too-late-wrong-powell

Who the fuck do You think I am, Nostradamus? I don't have a clue about how much run is left in this current gold price run. I HOPE it keeps going up, but I'm doubtful that it will. I'm basing my reasons on the same theory that AI stocks and stock market won't go up indefinitely either. EVERYTHING CORRECTS IN TIME.

I've explained more than once why I think the gold price will correct, so I won't explain it again. Could I be wrong? Yes, I could. Time will tell if it happens.

That countries "take sides" or trade in ONLY dollars was part of the Trump/Bessent plan. How does their plan conflict with the countries already aligned with BRICS or other non-dollar alliances? I would say they don't align and weren't meant to exist together. That's why Trump came out and said they would be tariffing the Hell out of any countries NOT trading in dollars. They understand the issues the dollar is facing now and are attempting to stop the bleeding. I suppose countries could trade in dollars and other currencies/commodities, but I would see that as maybe only until the dollar finally loses it's relevancy and is replaced by something else.

China, economically is still hurting from their real estate bubble, so if the Trump tariffs hurt them even further we could see Xi make that move to invade Taiwan if for no other reason than to deflect the economic problems coming from inside of China. History tells us economic turmoil is one of the major reasons wars start.

No one knows where the price of gold will end up or how it will move (big correction or not). Keep in mind that you have been calling for the big correction since upper mid 2k's. It is now 3350. Given the debt and reckless spending (neither have ceased even with DOGE) that you wisely point out in your many posts - realize that it may go much higher as well before any 'pullback'. If bitcoin can go from 0 to 119k in a few years - gold can go to 5k or 10k without blinking. Afterall, how do you measure the value of a tangible asset against something that is printed to infinity?

That is mainly what I considered risky.....possibly risking some countries taking sides and choosing China instead of the US. Dropping dollars or minimizing their use in business transactions. Taiwan invasion and/or Ukraine involvement are other worrisome potential outcomes. By Ukraine I mean more proxy involvement via North Korea. Devaluation and stimulus are likely as you said.

Evergrande still a festering issue for China.

The biggest risk I see is if China doesn't come to the table and give in to some degree, what will Xi do? Will this tariff squeeze make him move to invade Taiwan?
That wasn't talked about in the article, but IMO it might happen. Xi can use the tariff war as an excuse, would be my guess. He could blame it on Trump like everybody else does.

The article talks about China having 3 options. 1) Concede to Trump (that's not gonna happen) 2) Devalue the yuan by 20-40% 3) Unleash fiscal stimulus
IMO option 2 or 3 are most likely.

What I thought was really provocative about Bessent's plan was for the countries doing tariffs to TAKE SIDES, with either us or them. IMO that could possibly be a big blow-up as this plays out.

Has China gained enough influence to make a difference yet or will everyone stay with the U.S.? That's the question to be answered.

Interesting approach but holy cow it has some risks....

Really good article from ZH about Scott Bessent's gameplan for China. Very interesting.

https://www.zerohedge.com/markets/bessents-grand-strategy-use-tariff-negotiations-isolate-china-rest-world

Gold is up now as I post $117. Nice move for sure. They are talking about GOLD MINING STOCKS on Fox biz right now. IMO this gold move is getting some attention, FINALLY. All the big gold producers are up significantly today. Agnico is up 9%. This is the move in the big producers that will have them buying up other properties in the very near future, as their stock price and earnings will skyrocket. Only a matter of time now.

J.Powell came out today and said that Trump's tariffs would be inflationary. The rise in the gold price and the shit storm hitting the stock market is the result. LOL

If Powell thinks inflation might be on the rise, he shouldn't be cutting interest rates. If something breaks going forward that could change everything, but that would be the Fed just coming to the rescue AGAIN and not being able to cut rates in an orderly fashion. IMO the Street is still in denial about what might be coming. People like Prof. Steve Hanke think that deflation is coming, we're going to see who's right pretty soon.

I posted this to the Seabridge Gold board, but half the video is Jim Anthony talking about Basel III and throwing out a July 2025 deadline.
I'm posting here for the Jim Anthony content about his take on the gold price.
Video is about 2 weeks old.

Rudi Fronk talks Seabridge Gold.Jim Anthony talks Gold price and Basel III and July 2025. I see very few recent videos about Basel III. Most are over a year old. Jim Anthony thinks July 2025 is a Basel III date or deadline.

No, the gold stock mania is NOT here yet. The bigger gold Producers are doing very well, but it takes time for the rest of the mining sector to join in.
That will come later on. The gold price ALWAYS leads the way before we see the miners follow.

I still believe we're going to see gold correct moving forward, BEFORE the big move higher comes. JMO

Is retail finally waking up to gold stocks?Gold over $3300 this morning. 

I agree, Schiff often says what he thinks is going to happen and that's normally NOT what the traditional business crowd wants to hear.

He was making the case yesterday that the U.S. has been riding the backs of the rest of the world (mainly China) for years in regard to buying cheap goods made by their cheap labor. The American and World consumer has benefitted greatly from why China has emerged economically over the years. They have a manufacturing sector currently and we don't. They built their military and manufacturing empire
on the dominance of selling stuff to the rest of the world.

The problem with that is the U.S. no longer makes anything for themselves anymore and the dollar is about all we can hang our hat on right now. So, if the dollar was no longer King, what would we have?
Not much IMO. That's the point Peter was making.

They ridiculed him for years.....but what he says often makes total sense to me. Plus, he is so well versed in so many areas of economics it is hard to ignore him.

Was just watching Peter Schiff on Fox biz channel and he was talking about buying GOLD MINERS. He specifically mentioned Agnico and Franco Nevada by name. He said the miners are sooooo undervalued right now that he's recommending buying the miners over buying physical gold.

I laughed when Liz Claman asked him about an X post he made on Sunday about Trump reversing his move on tariffs. Peter then began talking about how China is in the driver's seat and the U.S. is fucked in the longer term. Liz Claman tried to interrupt him and change the subject as fast as she could. LOL

MSM biz news doesn't want to hear negative news and Peter tells it as he sees it. That's why they don't have him on a lot. I see him usually only when gold is making a big move up.

I always enjoy listening to Mike McClone's commentary. He speaks in language that's easily understood and what he says makes sense.

Another really good interview from Kitco with Mike. He thinks oil is going to $40/barrel before we hit bottom. He says gold is heading to $4K/oz.
Can you imagine the money the miners will be making in that setting?

I really don't know. That Haywood is accumulating shares is pure speculation on my part. I think they would be buying FF shares anyway, not FFMGF.

You can go on their website, and I believe it's under traded shares they show what they've been buying shares of. They took a position in FMG back in September of 2024 in one of the share offerings we did. Dan may have mentioned it in that recent video that was posted.

Regardless of who's buying it's good to see. Let's hope it continues.

Who knows? I guess we'll find out going forward. When do they have to publicly declare? Is it 5% of shares?

Yes, it would appear that maybe a big player is accumulating shares. I think that's what every retail shareholder should want to see.

Maybe it's that company that has recently began covering us. Haywood Securities.

Thanks, I had not seen that before. 2 million shares traded today. Volume has picked up the last week or two.

https://www.gbreports.com/interview/dan-wilton_3

Hang on in there guys, a drip feed of good news throughout the year, this will gain traction towards the EA

IMO doing some sort of deal with New Gold is possible. I would say if they did partner with us, and we get some cash from them SOON after a partnership is announced that is the best outcome for us at this point in time. We need money now, not down the road.

Dan talked about knowing there's a million ounces at Cameron, IMO there's much, much, more gold on that property. I see Cameron as another potential Pickle Crow, and they'll find probably at least a couple more million oz. there. There's been some exploration at Cameron, but not a lot.

I remember an interview Keith did several years ago, and he spoke very positively about Cameron and its potential. I don't see them giving it away for nothing.

Thanks! Let us know if they respond. I suspect they probably have run through a few scenarios relating to the above-ground material there.

I sent Paul an email about Dans April 7th video and asked about Cameron and New Gold's Rainy River project.
New Gold might not be large enough to buy 100% of Cameron.   Maybe a Cameron partnership makes sense.

Good idea. Email the company and let them know about it. Maybe it is something they had already considered or maybe the thought did not come up.

New Gold's balance sheet showed cash shrinking in 2024.  New Gold current assets shrunk from $351 Million in 2024 down to $274 million in 2024.  
I wonder if New Gold is the type of company that First Majestic would like to own?? 
Seems like First Majestic likes to buy producing mines that might need a little investment to breath New life.  
Just trying to read between the lines of what Dan mentioned about lots of phone calls and interest about Cameron.

I listened to the Dan video again.Cameron project came up 2 or 3 times in the presentation.   At the 24:19 mark Dan  mentioned Cameron currently has a 1 million ounce resource.   But what was interesting was Dan also mentioned Cameron has "a reasonable grade stockpile at service" that could be used to help finance other projects. 

According to the corporate presentation New Gold has an active mine 80 kilometers away called the Rainy River mine.  According to New Gold presentation,  they are trying to extend the life of the Rainy River mine.  New Gold showed a December 2024 quarter Revenue of $262 million with $55.1 Million net income.
Maybe New Gold and First Mining can form a partnership on processing the stockpile already at surface??

The warnings about the bond market have already started from the Banksters. Can the shit storm be far behind? It's coming.

https://www.marketwatch.com/story/jpmorgans-jamie-dimon-warns-fed-may-need-to-step-in-to-support-bond-market-without-this-fix-829a8cba?mod=home_lead

IMO the average American is oblivious to the big picture. Most people that live in this country don't know or even care about what's happening beyond their own personal lives. Imagine how what's going to happen if the prices of imported Chinese goods increase by 125%. Think people will be squawking about that? I do. We've put this problem on ourselves over the years and now it's coming home to roost. This is the results of Globalism.

I don't see Trump doing that, but IMO he has to bring China's economy down a BIG NOTCH. Why? Because they're overtaking our economy and we're funding their economy/military with the cheap imports we buy from them. That can't continue. I give Trump credit for seeing that, but the changes will be very painful, FOR EVERYONE globally. Even if the U.S. can reshore jobs in the U.S., we know goods made here are going to be more expensive to make, hence higher inflation down the road.

I still believe (and I hope not) that the only way this may get resolved is by a conflict. The two sides are coming to blows and we'll have to see who ends up eating crow. Hot wars begin with economic conflicts and this is what appears to be coming.

If the U.S. is no longer seen as the Protector of the World what will that do to dollar hegemony? Since WWII we've been seen as the world's policeman, what happens if that dynamic changes? Will everyone be so quick to buy dollars or U.S. bonds? Maybe not.

https://www.zerohedge.com/political/nato-corpse

Great analysis. So do you think the average American appreciates what is going on? I just foresee any difficulty related to the China situation as something the average American will whine about. The long game is at stake, but the average Joe here is totally soft these days and more focused on who can use whose bathroom rather than the truly important issues.

The debt is a HUGE issue and so far I give Trump a D grade on that issue. That could improve, we'll see. It has to improve for the US to have a long-term hope of stability. They have to figure out a solution to the entitlements problem - social security - the third rail no one wants to touch. Medicare/Medicaid need to be looked at. These things need to be examined with a critical eye toward producing an age-related solution because people like you and me have paid into social security for decades and if things are honest and fair we should receive something for that. That being said, it might be time to be honest with younger folks (il.e. - people in their 20s) and change the program for them. No significant changes maintains the path to insolvency.

All of this points to a higher gold price. As he frequently does, Dan explained the leverage to the gold price that FF's projects have. Can you imagine if we reach $5,000 gold or higher?

Anyone here from Canada - what is the status of your social welfare systems? Are they as poorly funded and managed as those in the US?

I see Trump sending some mixed signals to our allies. The biggest one being get your own defense's together because we're no longer going to foot the bill to protect you. That throws a big monkey wrench into the European socialist-agenda model because they have to direct spending for that instead of blowing it on social welfare. The fact that the U.S. is no longer perceived as having our allies backs anymore is a big deal. Trump is not pro NATO or UN either. I'm doubtful Trump will help the Ukraine in a very big way going forward because he keeps telling Europe they need to have more skin in that fight. I think Putin knows that and is holding out now because of it. I believe Putin thinks he can take down Ukraine or gain a lot more territory there moving forward.

It will be very interesting to see how this U.S./China tariff standoff plays out. IMO that is the main event and how Xi accepts or rejects this tariff war is probably what proceeds an actual hot war most likely started by China invading Taiwan. The U.S. is China's largest export partner, and I heard the other day that they export more than 5 times the goods to us than we do to them, so the tariffs Trump puts on them would basically destroy their economy. Is Xi going to allow that to happen? To this point, the game of chicken is being played out. Who will blink first? If Trump keeps the pressure on China my guess would be we see Taiwan getting invaded at some point.

I think all this is causing the bond market to be very nervous. The U.S. is way over it's ski's in debt, so is the rest of the world. Some sort of probable WWIII scenario would be just pile on huge amounts of debt to that. I think Trump and his Team see the shit storm coming with what's going on with the BRICS
and other alliances forming against dollar hegemony. Does the U.S. still hold enough influence and power to continue their dominance? I think we're gonna find that out in the not too distant future.

This will only be very good for the PM sector IMHO. This is probably what the bond market is smelling out now.

Yeah, I agree. He went into more detail about Duparquet for sure. It appears they would find much more gold there at deeper levels than in other different geographic lay outs, such as at Springpole. He went into some detail explaining the differences. Duparquet has characteristics of the Anitibi district that has gold protrusions that run much deeper than seen at Springpole. I believe he said Agnico has a mine shaft well over a kilometer deep at one of their mines there.

A lot of the gold mined at Duparquet in the 1930-1950 timeline never went that far down, so over and above the areas they're finding new deposits in they still can find more gold below those areas that may have already seen some mining been done ABOVE those deeper levels. He made the statement that the only reason they stopped mining there was because the gold price was not "cost effective" to mine there at that time. We know that dynamic has changed now.

Duparquet certainly has more potential and that's why it makes sense to me to find more gold on the deposit and deal it in the future, as the gold price continues higher. It will only be worth more. Maybe Keith wants to come in with FM and develop Duparquet? I'm sure Agnico would be interested, as it's close. Management has a lot of optionality with Duparquet.

That was interesting, particularly the last third of the article where he discusses the BRICS.

Have not posted in a while but my feel is the tide has changed in our favor. As a long time share holder here been averaging down for quite sometime. Last webinar was good. hope you all loaded up.

Trumper folded pretty quickly when the Japanese and Chinese started dumping their bonds. I have to ask - doesn't he have folks who wargame these scenarios and advise him that the dumping of our bonds is one possible outcome of his actions? The same folks could advise on possible counter moves to the bond dumping. But the yo-you approach does not seem very informed to me. What do you think?

To me that video also had a slightly different feel. Dan did a good job of providing additional details about Duparquet I don't recall him providing in the past. I was happy to hear those details and it makes me think even more than I did before that Duparquet is a monster project. What did Dan say a few years ago? No mining below 500 meters - and that wasn't because of lack of gold, it was due to the drop in the gold price at the time. So you have HUGE upside both laterally and at depth.

Today was a good move on strong volume. Record high in the gold price - again. If we can sustain this price level it will really pay off for FF down the road.

Have you heard anything about Pickle Crow lately?

Interesting article.

https://www.zerohedge.com/precious-metals/asymmetric-gold-trade

Is a bond melt down coming?

https://www.msn.com/en-us/money/markets/a-bond-selloff-is-worrying-wall-street-here-s-why-it-matters-for-you/ar-AA1CCL8n?ocid=msedgntp&pc=U531&cvid=68bda920b4f24d93accbbebc7ec63c51&ei=20

I almost didn't watch Dan's presentation because I thought it would mostly be a rehash of the SOS.

I was actually pleasantly surprised at some of the things he discussed. It may be wishful thinking on my part, but I'm hopeful that we'll see some sort of deal/partnership happen before we get the final EA approval for Springpole.

$3000+ gold should be a very strong attractant for someone to make a deal. Without knowing what they have going on, it still makes more sense to me that they would continue finding more gold at Duparquet to keep increasing the value and worth of that asset and partner with someone at Springpole.

Dan even mentioned the piece you posted here about the Conservatives talking the importance of Springpole being in the pipeline. Nice.

A LOT of shares traded today. 1.8 mill.

No problem. Everyone here contributes when they can. I appreciate everyone here.

$13 million is not going to last very long. I would expect another cash raise by the August/September timeframe, unless some sort of deal is not done before then.
Time will tell.

The $13 million cash on hand at the end of Q1 includes the $5 million from First Majestic.

Thank you for sharing this most recent video from Dan.  Dan covered some different topics.  After his presentation there was a very good Question and Answer session. 
In my opinion, the questions were specific and probing.  My impression was there were some new investors asking questions and kicking the tires to get their specific questions answered. 
 Cameron project came up a few times.  Investors want to know it the company will sell non-core assets to move Springpole and Duparquet forward without additional dilution. 
Other investors were concerned about upcoming elections.  
This was a really good interview in my opinion.Thanks for sharing.