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First Mining Gold ( (TSE:FF) ) has provided an update.
First Mining Gold Corp. has entered into an agreement to sell its subsidiary, Cameron Gold Operations Ltd., to Oronova Energy Inc. for C$27 million, comprising cash and shares. Following the transaction, Oronova will be renamed Seva Mining Corp., with First Mining becoming its largest shareholder and retaining influence through board nominations. This strategic move, supported by the Fiore Group, aims to advance the Cameron Gold Project, benefiting local and Indigenous communities and enhancing First Mining’s industry positioning.
The most recent analyst rating on (TSE:FF) stock is a Buy with a C$0.45 price target. To see the full list of analyst forecasts on First Mining Gold stock, see the TSE:FF Stock Forecast page.
Spark’s Take on TSE:FF Stock
According to Spark, TipRanks’ AI Analyst, TSE:FF is a Neutral.
First Mining Gold’s overall score reflects its status as a development-stage mining company. The robust balance sheet and positive corporate events are significant strengths, while the lack of revenue and profitability remain key concerns. Technical analysis shows positive momentum but suggests caution due to overbought conditions. Overall, the company’s future potential is tied to its successful transition from exploration to production.
To see Spark’s full report on TSE:FF stock, click here.
More about First Mining Gold
First Mining Gold Corp. is a gold developer focused on advancing two of Canada’s largest gold projects: the Springpole Gold Project in northwestern Ontario and the Duparquet Gold Project in Quebec. The company also holds interests in the Cameron Gold Project in Ontario and the Pickle Crow Gold Project. Established in 2015 by Keith Neumeyer, First Mining aims to develop significant gold resources.
Average Trading Volume: 3,829,773
Technical Sentiment Signal: Buy
Current Market Cap: C$439.4M
See more data about FF stock on TipRanks’ Stock Analysis page.