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First Mining Gold releases PFS on open pit development at Springpole

First Mining Gold releases PFS on open pit development at Springpole Barge drilling at Springhole. Credit: First Mining Gold First Mining Gold (TSX: FF) has released the results of a prefeasibility study on an 11-year, 30,000 tonne per day open pit operation at its Springpole gold project in northwestern Ontario, about 110 km northeast of Red Lake. The study suggests nine years of primary mining and processing, followed by just over two years of processing lower-grade stockpiles. Over the 11-year mine life, average annual gold production is forecast at 287,000 oz. (335,000 oz. in the first nine years) at all-in sustaining costs of US$645 per oz. (US$577 per oz. in the first nine years).

First Mining Announces Positive Pre-Feasibility Study for the Springpole Gold Project, Ontario, Canada

After-Tax NPV 5% of US$995 million, After-Tax IRR of 29% Average Annual Gold Production of 335,000 ounces and AISC of US$577/oz in Years 1 through 9 VANCOUVER, BC, Jan. 20, 2021 /PRNewswire/ - First Mining Gold Corp. ( First Mining or the   Company ) (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) is pleased to announce the positive results of a Pre-Feasibility Study ( PFS ) completed for its 100%-owned Springpole Gold Project (the Project or Springpole ) located in northwestern Ontario, Canada. The PFS results support a 30,000 tonnes-per-day open pit mining operation over an 11.3 year mine life. PFS Highlights US$1.5 billion pre-tax net present value at a 5% discount rate ( NPV 5% ) at US$1,600/oz gold ( Au ), increasing to US$1.9 billion at US$1,800/oz Au

Social Solutions Wins Trio of Built In Austin 2021 Best Places to Work Awards

Social Solutions Global, the leading provider of cloud software for nonprofit and public sector social service organizations, today announced it has won three

First Mining Gold releases positive Pre-Feasibility Study on their Springpole Gold Project

First Mining Gold releases positive Pre-Feasibility Study on their Springpole Gold Project
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