First Mining Gold Highlights Major Economic Impact from Updated Springpole Socio-Economic Study

An update from First Mining Gold ( (TSE:FF) ) is now available.

On January 7, 2026, First Mining Gold Corp. released an updated socio-economic analysis for its 100%-owned Springpole Gold Project in Ontario, showing that the mine could become a major economic engine for northwestern Ontario and a notable contributor to provincial and federal finances. Based on the latest pre-feasibility study, the report by WSP Canada Inc. estimates the project could support about 3,340 jobs annually during construction and 5,910 jobs per year during operations, totalling more than 67,000 person-years of employment, while generating over $7 billion in tax revenues and contributing roughly $15 billion to Canada’s GDP. With provincial and federal environmental assessment processes nearing completion, Springpole is being positioned by the company as one of the few near-term large mining developments in Canada, promising long-term economic stability, contracting opportunities for regional and Indigenous businesses, and broader socio-economic benefits for local and Indigenous communities alongside an ongoing focus on environmental protection.

The most recent analyst rating on (TSE:FF) stock is a Hold with a C$0.57 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.

The score is held back primarily by weak financial performance (pre-revenue, widening losses and ongoing cash burn), partly offset by a low-debt balance sheet. Technicals are supportive with price above key moving averages and positive MACD, while valuation is constrained by the negative P/E. Corporate events are a meaningful positive, reflecting progress on Springpole and incremental funding/strategic transactions.

To see Spark’s full report on TSE:FF stock, click here.

More about First Mining Gold

First Mining Gold Corp. is a Canadian gold development company focused on advancing two large-scale projects: the Springpole Gold Project in northwestern Ontario, now in feasibility study and permitting with a final environmental impact statement submitted in November 2024, and the Duparquet Gold Project in Quebec at the preliminary economic assessment stage. The company also holds the Cameron Gold Project in Ontario and a 30% interest in the Pickle Crow Gold Project, positioning it as a significant developer in Canada’s gold sector since its establishment in 2015 by Keith Neumeyer.

Average Trading Volume: 5,021,734

Technical Sentiment Signal: Buy

Current Market Cap: C$659.1M

For detailed information about FF stock, go to TipRanks’ Stock Analysis page.