First Mining Sells Entire Stake in Big Ridge

Big Ridge Gold Corp. (TSE:BRAU) has released an update.

First Mining Gold Corp. has effectively divested its entire stake in Big Ridge Gold Corp., disposing of 36.5 million shares just after increasing its control with an additional 10 million shares due to Big Ridge’s progression in the Hope Brook Gold Project. This strategic move resulted in First Mining’s interest in Big Ridge dropping to zero, following the transaction valued at $0.05 per share, totaling $1.825 million. The deal reflects First Mining’s dynamic management of its investment portfolio in response to broader economic and market considerations.

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