First Mining Gold Corp (FF) News

Wow, I had not heard that either! Trump may have to eat his words, UNLESS he has a surprise in mind. It would be a shocker if the US had more than 8,100 tons. I doubt it, but it would certainly be a shocker. Do you think that is possible?

Last time share price was at these levels, the company sold a lot of shares to knock us down a couple of pennies.

Did anyone else see this? Apparently Trump said this over Easter weekend.

"The golden rule of negotiating and success: He who has the GOLD makes the rules"

WOW, no wonder gold popped today. I didn't hear about this until I read this article.

https://www.zerohedge.com/markets/he-who-has-gold-makes-rules-president-trump-proclaims-over-easter-weekend

What happens when the Chinese tell the world they have more gold now than the U.S.? Trump may have to eat his words.

This looks to me to be a war brewing. China's threatening other countries to NOT do trade deals with the U.S. OR ELSE. Hmmmm

This doesn't sound like China wants to fall in line and when their economy begins to sink into the abyss, where will they go from there? The bigger question is what will Trump do if Xi makes a move into Taiwan?

https://www.zerohedge.com/markets/china-will-never-accept-it-beijing-warns-countries-against-trade-deal-trump-chinas-expense

Somebody's a buyer today for sure.

Wow!  Nice volume today on FFMGF!!!

I hope some smart money knows something I don't. 

Another big down day for the dollar. Where's the bottom, if there is one?

https://www.marketwatch.com/investing/index/dxy

If you don't want to watch this entire Felix Zulauf interview, I highly suggest you start at about 34:45 when he gives his view on what he thinks gold will do going forward.

I heard him say he thinks we're near a medium-term gold price top at $3300-3400 and could correct from there back down to around $2600. He says BUY that correction dip and gives the reasons why everyone else will be. IMO that subsequent dip in the price and rally out of it will be the BIG move for gold and gold stocks. He didn't give a time for this to happen, but he sounded like it would be months, not years.

Felix is a very accurate market predictor, let's see if he's right with this one.

Yet another fantastic interview with Judy Shelton. Trump claims he wants to drain the Swamp, so start at the Swampiest part of government. THE FED.

Judy speaks to how the Fed literally undermines U.S. interests and money by giving deals to foreign banks at the expense of our banks and U.S. taxpayer money. Not real surprising when the Global Elites are running the Show. Forget putting Kevin Warsh in charge at the Fed, IMO Judy Shelton should be his pick. She understands the Scam that the Fed is and gold's role in a stable money system. No wonder she didn't get voted in as a fed governor in Trump's first term. She wouldn't tow the line of the Bankster Elite. They're scared to death of someone like her. She's actually attempting to help the little Guy, not the rich elites of the world.

Trump's best move would be to abolish the Fed altogether.

I just read this article, and it confirms what's been going on for a long, long time. China can cripple the U.S. with cyber-attacks at just about anytime they want. This is a threat NO ONE seems to want to address, especially in the government. This article indicates people are finally getting worried. Of course, the finger pointing will happen AFTER the disaster comes.

They can stop basic functions of our electric and water infrastructure, just for starters. What if you can't access your online bank accounts? IMO that's why you have to own some forms of physical PM's, you're life and the lives of your loved Ones may depend on it.

https://www.zerohedge.com/geopolitical/extraordinary-us-china-cyber-meeting-revealed

I think Keith is looking for bigger fish for FM. I would think projects like Springpole or Duparquet would be more attractive targets for doing a partnership or buy out for FM.

FMG doing a JV or partnership with Rainy River makes more sense to me. Cameron is a very nice asset, but they still haven't done enough exploration there to know how big that deposit can be. Keith is bullish on Cameron, but I think he may have a problem selling it to FM shareholders.

I bet Keith doesn't want to sell the Cameron project.   
Rainy River mine struggles to stay open just 88 km away.  BTW, 88 km = 55 miles.  
I have watched enough Keith videos.He said First Majestic likes to buy existing production properties that might benefit from new management and additional development.
Rainy River mine plus the Cameron district scale project might be attractive to a company like First Majestic for a certain price.  Obviously not an ideal situation but still a potential opportunity. 

I wonder if First Majestic Silver has ever thought about buying the Rainy River mine and the Cameron district scale project?

Yeah, even if FMG could get maybe 4 or 4.5 mill. for such a deal that might be the best they could do. I'm all for whatever it takes to not have to do more share dilution.

Come on Dan, do your job. Get creative.

How much could First Mining sell a pile of dirt estimated to have 3000 Oz to New Gold??

88 km from New Gold rainy river project. 
Truckload by truckload. Labor and gas expenses for truck drivers and heavy equipment loading the trucks.
Rainy River folks paid to process the product.
New Gold corporate would want a cut.  
$9 million gets carved up by processing expenses pretty quick.

First Mining website has a whole web page devoted to the Cameron project.   Dan mentioned Cameron in his last video and brought up the fact that there is a small amount of gold above ground in an open pit that has been dug out of the ground previously. 


If you look at the website page for Cameron, and look at the  measured and inferred chart there is a line that says 3000 Oz "Open Pit constraint".   


I think this 3000 Oz is what Dan is talking about in the video.  This small amount can be sold to help finance the next few months.  

3000 Oz × $3000 = $9 million US  dollars.  


Another paragraph about Cameron:The project benefits from excellent infrastructure with year-round highway access, an exploration camp, a powerline within 20 km, and is 88 km from New Gold’s Rainy River gold mine.

Good article about J.Powell and Trump butting heads. I knew it wouldn't take long for this to play out.
If this ends up getting ugly, it potentially may turn into a gray, or black swan event. Good for gold.

https://www.marketwatch.com/story/trump-is-furious-that-fed-wont-cut-interest-rates-like-ecb-heres-why-powell-wont-budge-162dfdaa?mod=home_lead

They cut rates for two big reasons. To juice the economy in hopes of preventing a recession or slowdown in the economy or to head off some sort of emergency that they've created. I.E.: debt bomb crisis, financial crisis. etc.

IMO we may see BOTH of those events happening soon. A recession/depression would be deflationary in nature and cutting rates would act in opposite, but making these moves doesn't happen overnight, the effects of those rate cuts may take 12-18 months to bleed into the System. Add into the mix Trump's tariff uncertainties and things become more complicated. J.Powell can't read between the lines OR maybe doesn't want to.

In the meantime, people are losing their jobs and spending in general falls off. That's the lag between the rate cuts and when the cuts could begin helping the economy. This is all just a wash, rinse, repeat game they play. Boom bust cycles created by the Powers That Be to make Wall Street and their buddies richer.

IMO the gold price has moved because under the surface the shit storm is coming and the central banksters and the countries that know that real money is gold are signaling that the safest place to be is to own gold, not dollars or other forms of fiat. The dollar's relevance is waning, and Trump is attempting to keep it afloat is probably not going to work for the long haul.

IMO the miners are finally making the turn and getting some attention. They're actually talking about gold miners on MSM biz news now and the big producers are making tons of money with gold at this price and oil below $70. Their numbers should be blow out in the next quarter. If the overall stock market continues to drop that rotation into the miners will only grow. Believe it or not I heard some analysts on CNBC yesterday say to SELL Nvidia, because it's headed much lower. I also heard some Guy recommend buying Newmont. That may tell the story. The rotation is beginning and depending on how severe the downturn is IMO we're getting closer to our time finally coming.

Hope does spring eternal.

Here’s what I don’t get. If the fed drops rates either by Powell’s hand or whomever’s, won’t that re-rotate money back into the AI tech stocks further perpetuating the miners lagging issue?

Say the dow corrects down to 28000 from its current 39000, and say then even the “reserved” Powell decides to wave the white flag and turn on the printer, won’t that cause a plummet or a stagnation in the miners again because investors will perceive the decision as good news for the stock market having new fuel to continue rising?

Yea dropping rates and printing money means a higher gold price because more dollars and less gold = higher gold, but does it also new higher miners?

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.