First Mining Gold Corporation (QX) (FFMGF) 시세

Anybody see this? I find it very hard to swallow if physical gold isn't still very important to the monetary system that they would take the measures they STILL do to protect it. Here's a very interesting video touring the gold vault in New York and as Mike Maloney says everyone is just talking about the gold held in For Knox, but what about all this other gold in other locations? Who really owns this gold? If its owned by other countries, are they ever going to see it again?

We'll probably never find out the real story but being that this is really the citizens of this country's gold we should know. I hope Trump will get to the bottom of this scam.

https://goldsilver.com/industry-news/video/the-secret-gold-vault-80-feet-below-manhattan-whats-really-inside/

I'm not a big Bill Maher fan, but I happened to watch a few minutes of his show yesterday and who did he have on. It was the Canadian liberal party's probable replacement candidate for Trudope. I think her name was Freeland.

They were talking about exactly what the article I'm posting is speaking to. Trump, with all of his crazy talk about Canada becoming the 51st state is getting the left in Canada stirred up and this is going against the conservative party.

As shareholders in a mining company based in Canada, IMO we want to see the conservatives get back in power. That means less onerous regulations and less government.

I hope for Canada's sake the conservatives win.

https://mishtalk.com/economics/is-trump-inadvertently-helping-trudeau-and-the-liberals-in-canada/

Yes, you're bringing up some valid points. We have a LOT of options available to us and IMO Keith is probably exploring all of them.

Not to say what he may be thinking about how FM needs to come into this story. FM is building a big cash war chest for future purchases. Would that be as a partner at Springpole? Maybe.

I've said this before, when the silver price finally takes off FM will be printing money and they'll be able to buy whatever they want. Gold will go to the moon after this next big correction is over and the big producers won't be able to buy these gold properties on the cheap anymore.

My guess is the talks are heating up, especially as we get closer to getting permitted. I've been adding shares on weakness.

P.S.: Cameron is a property with a hellava lot of gold. Keith knows that and why we're holding on to it.

I keep thinking about Kinross or Evolution being a partner with Springpole.  Both are in the area.  

Kinross could probably start production at Springpole even before Great Bear.  

Or is there a wild chance if  West Red Lake production does well, maybe Frank G will help West Red Lake buy into half of Springpole?

Having 2 big gold projects is a good thing.   
Does the Cameron property have a potential project?

Thanks for those clarifications. Agnico's mill at Malartic is from what I see about 79 miles and only a 1 hour and 20-minute drive from Duparquet.

Whether they have any rail service from those two areas is something else to check, but the distance we're talking about is not bad. My guess would be that Agnico would be a very interested party at least in Duparquet.

Agnico is a major player in Quebec and Duparquet's big potential would seem to be something they would want to be involved in. We'll see how it plays out.

Great interview. 

I just did a quick search of Agnico production properties near Duparquet. 

1) Macassa is 1 hour 23 minutes away.
2) LaRonde is 1 hour 6 minutes away
3) Goldex is 1 hour 42 minutes away.
4) Canadian Malartic is 1 hour 30 minutes away.


By contrast the Agnico acquisition of O3 and especially the Marband pit location near Val-D'or  is only about 30 minutes away from the Canadian Malartic mill production on East/West highway 117.  Pretty straight shot.  

My impression:  
Agnico is very impressive.  Focused on low cost high return projects.  

What other gold production exists near Duparquet? Maybe a research task for another day. 

Bottom line, Duparquet and Springpole will have to stand up on their own merit and EA permit completion progress.  Springpole would seem to be at a beneficial place on the Lassonde Curve.  


I don't understand the Duparquet property well enough to know how far away from production they could be based on the "smaller footprint" plan alluded to in a few interviews.  Could First Majestic open the  "smaller footprint" production at Duparquet and use that to fund the Springpole and Duparquet build out?  Maybe that is the path forward?  

Here's Agnico's CEO at BMO. This company is top notch in the gold mining space, it would be nice to partner with them at Duparquet. I'm not sure how far away their mill is from Duparquet, but they have a lot of properties in Quebec. He talks about some of them.

O.K., here's a really good interview from Keith at the BMO show down in Miami. He mentions ALL the big players are there. Hmmm.

He speaks to the money they're raking in now and says they have $400M in the bank. He also says they're looking for OTHER acquisitions. Wonder if that has anything to do with FMG? I would think that could be on the table. He doesn't mention FMG at all.

He mentioned Jerritt Canyon in passing, but didn't get into the details about where they were with it. Must be hot down there looks like he had his summer haircut going.

I ran across this video and thought what this Guy says makes a lot of sense. He gives some nice facts about if they really do have the gold. He also makes my points about is the gold there REAL or counterfeit and when it may have actually left. Also, is the gold remaining actually U.S. gold or someone else's.

He says in the video that Elon Musk doesn't think the gold is still there. I would come closer to believing
Musk than I would this crooked government.

The EU needs to wake up and come to grips that WARS ARE VERY EXPENSIVE and just about every EU country is either nearly broke and/or has sub-par armies to fight wars. Unfortunately for the U.S., we've been the scapegoat for them too long and and Trump has rightfully said those days should be coming to an end. Most of the money keeping NATO afloat is from the U.S.

I don't think they want an all-out war, I just think Zelensky is a dumbass and is stupid enough to think he can berate Trump and America to their face. Trump sent his ass packing and that's exactly what should have been done. Zelensky needs to be replaced pronto. He just like the EU expects too much. They're entitled. Fuck them.

I heard Zelensky didn't think they should be expected to pay back any of the billions we've already given them to fight their war.

Well well. I had just seen an interview with Martin Armstrong where he said EU elites wants an all out war with Russia.
Looks like Zelnskyy got the memo. And the EU is telling him they have his back and offered soldiers. They may just get that escalated war.
Not confident how this will play out.

Nice article that gives some history and background on the U.S. gold reserves, including what's held at Fort Knox. That gold was stolen from the American people in large part.

https://www.zerohedge.com/precious-metals/gold-fort-knox-was-stolen-americans

Big market sell off today. Didn't the market know Trump and Zelensky are supposed to announce the end of the war tomorrow?

It would appear the market is selling the news. LOL
No more billions of dollars to be thrown at a stupid war, I guess. Makes some sense.

So, it looks like now Elon Musk is admitting that AI is going to prevent a lot of humans from keeping their job. I was wondering when that admission would be made by the tech Gods.

The article states Musk thinks this willl eventually usher in a UNIVERSAL HIGH INCOME, not just a universal basic income. IMO the basic income will come BEFORE the high income shows up.

https://finance.yahoo.com/news/elon-musk-predicts-universal-high-160015532.html

Interesting interview. This guy makes some good observations about what may be going on. Bretton Woods II

https://www.zerohedge.com/news/2025-02-26/gold-paper-scheme-unraveled-prices-are-about-explode

Like I said, I don't know if what he's saying is accurate or not, but he said we have $28T in TREASURIES COMING DUE due in 2028.
i don't know if he's right or wrong, just posting what I see.

I believe in that 28T included all debt not just Treasuries maturing. So he misspoke IMO.

I was just watching this Andy Schectman video and at the very beginning of it they preview the interview. Note what he says in the very beginning of the video.

He says that $28T of treasury debt will be due in 2028. I'm not sure how he gets to that number, but that's what he's saying. Check it out.

I noticed Steve Lines had exercised 335 042 rights (resulting in 335 042 common shares) as recently as 25 February. Always nice to see him commit to more shares since he is in charge of the entire EA process. This is the guy who knows exactly where we stand with regards to the EA approval. The key point here is that even though it might sound like a small amount of shares it might be a significant amount for him personally. We don't know what his personal financial situation looks like, but 40k (CAD) or so could most definitely be a major purchase for most people. Seeing as he did not have a significant position before I think this is a good sign. If Steve had zero belief in the EA progress I would almost be certain he would not commit to more shares in the company at this point. I think this is a very strong signal from him personally that he thinks we will make it to the finish line with the permits. We will of course see if he sells any shares, but I really doubt it seeing as the current share price is more or less his exercise price, so the gain would be marginal. Insiders were all granted rights and options recently (14 Feb) so there could be something brewing maybe. Maybe some good news regarding FNs incoming?

US Treasury Debt/Bonds VS. Holding Gold ..... summed up by Garrett Goggin .....

SKIP FORWARD TO 12:20 OF VIDEO .....



TRANSCRIPT .......

"the reason why Gold is such a superior asset to treasury bonds ... is

because if you're a country, any country, and you own treasury debt and

you run a foul of American foreign policy it's like; "Boop" (press of a button) gone ...

all your billions are gone ...

where'as Gold, you hold it in a vault underneath your Central Bank,

guarded by the military ... no one's taking your Gold ...

so a lot of countries - China has been moving away from treasuries ...

China's buying gold ... Russia's buying gold ... BRICS are buying Gold"

IMO the U.S. is in a debt death spiral and people like Elon Musk know it. He's already said on more than one occasion that I've heard that if they don't get the spending under control the U.S. will go bankrupt. What a bankruptcy would actually mean is unknown, but I assume it would mean the dollar is out as the reserve currency.

I agree with You Trump's gold card is IMO grabbing at straws. I don't see it being very successful. Lutnick is on TV as I post this and he's saying they hope that one million people will go for this idea. I'm skeptical that could ever happen. I will give them some credit for at least coming up with some new ideas,

I've said it before here, the spending has to be pared back in a big way, IMO they can't earn enough revenue to make up for the out-of-control spending.

The latest House Bill expands the debt ceiling by 4T. Someone should let them know they are headed in the wrong direction. They are seeking 1.5T to 2T in tax cuts (over 10 years). Another way of spending now and proposing to save later knowing full well that they can change their minds down the road. Still looking at a 2T spending deficit for 2025.

Lastly, Trump has said that his new 5m 'gold card' immigration plan will be used to pay down the national debt. That would require 7.2m very wealthy people to move here. If they have that kind of money - why would they buy citizenship here? They can afford a much better little to no tax structure and still own a house in the U.S. and visit. Why subject themselves to U.S. tax law? Do not see that happening and would be surprised to see even one buyer.

The US Treasury debt chart ... a big pile of debt about to hit due to Yellen selling short dated Treasuries ....

I wouldn't disagree that might be what they WANT to do, but can they actually do it? I have heard they want to propose a 50-year treasury note that would be gold backed. What about the other treasury denominations? Will any of those be gold backed, like say the 20-year note? IMO if they don't back say the 20-year treasury with gold too, then they're going to have problems still.

The only people buying a 50-year treasury note are people looking to gift them down to their grand children. That's too long to wait for most people.

On another subject, I just saw a clip on TV with Trump and his cabinet meeting today. Howard Lutnick made the statement in this meeting that Trump's plan is to pay down the U.S. debt and BALANCE THE BUDGET. What? LOL

All I can say is good luck with that! Lutnick didn't say how they would do it, but that's a really big promise to make.

I could see something like that happening but I also can see debt monetization as their most likely plan. Even with 7.5T in debt coming due through 2028 and about another 7.5T in new debt...that is still a huge debt load of 15T in 4 years. Our current gold holdings (supposed) at current market prices are less than 800B (a drop in the bucket at this point). Foreign reserves are down to 23% of U.S. debt holdings and continue to drop (down to domestic buyers and we dont have that kind of cash. You almost need a degree in math to discuss the amount of debt now.

The USGovt is going to try very hard to convince the bond holders to roll over their bond/debt holdings, instead of being cashed out ..... backing the face value of future bond holdings with Gold would make it easier to talk bond holders into rolling over their debt

I am seeing 7.5T in u.s. govt debt between now and 2028 that will mature. Where does he get 28T in just maturing debt in 3 years?

If you haven't listened to this interview, I would urge you to listen to it. The Fellow being interviewed seems very close to being right about the situation we're seeing now.

Listen to the whole interview as he talks about a variety of subjects, but at the beginning of the interview he speaks to what's happening with the gold repatriation and how the big banks are buying this physical gold for the U.S. This is all part of the Trump "new American golden age" plan. This should be a game changer for the gold price going forward. Scott Bessent said they don't "plan" on repricing the U.S. gold, but as the guy said he's saying that to keep the price cheap until
they let the cat out of the bag. He mentions Judy Shelton a few times here too.

IMO the miners are so cheap now it's pathetic, so buy low and sell high because the move is coming at some point. When all this gold news finally is released, we should a fairly parabolic move higher.

Is there any wonder the economy has stayed propped up for so long. It's the trillions of dollars that's been spent and wasted by the damn government. Here's yet another example of fraud and waste. This economy is due for a big slowdown as Trump tightens the screws on spending and government waste.
That will preempt the big rotation into safe havens like gold and silver. It's coming.

https://www.zerohedge.com/markets/vegas-hotel-rooms-mlb-stadium-rentals-and-more-doge-finds-schools-misused-billions-covid

As usual, Andy Schectman is very probing and asks a lot of good questions. What he's saying makes sense.

Andy admits he doesn't know what's going on, but he gives the possibilities of WHAT MIGHT BE GOING ON. All this gold is coming back to the U.S. since Trump won the election, so why is that happening? I don't buy the Trump gold tariff story. I thought it might be because they know we're short a lot of physical gold and they're bringing this gold back to cover their ass for the missing gold? Andy said the bar sizes are different from what we have in storage to what's being repatriated, so that might not be the reason either.

The only other big reason left is maybe Trump and his people understand we need to go back onto some sort of gold-backed treasury bond system and maybe even dollar-gold backed currency again before the Shit Storm hits with all that $28T treasury debt coming due, so this is why this physical gold is coming back to the U.S. I would add they also see what the BRICS are doing and it includes gold too.

So, with this physical buying shift taking place, in turn, it's collapsing the paper market for gold. This is turning basically into a run on physical gold and if it continues the momentum will build until the paper markets collapse OR the bullion banks quit shipping physical gold. That will fuck the gold price suppression scam going forward. The gold paper market will go away and at that point everyone will want to have physical gold in their possession. IF THEY CAN GET IT.

The banksters won't be able to suppress the gold price anymore. This could be the perfect storm for gold and of course silver will fly behind a big move higher with gold possibibly getting too expensive for most people to own. Interesting for sure.

I suspect that Trump has considered the results of a failed audit. And has a plan to leverage the reaction to such news. Else I don't think he would do it.

Just saw a Andy Scheckman interview and he showed had bad off gov. is. When a treasury note matures the government was pay it back.
In 2028 $28 Trillion in notes will mature. Each year Gov only takes in Less than $5 trillion. So we will be short over $23 Trillion. A reset is inevitable.

Yes it makes me wonder. Why? What are they hiding? The answer may very well be a moving target that has changed several times over the decades.
The government are always hiding something. So much of what is done is not what they say it is.

Ron Paul is a great American. What I like about this man is he tells it like it is, no candy-coating the scam the government's playing out.

It's a damn shame they didn't follow his advice years ago, but that would mean the average citizen would be a lot better off. That's not what the Elites want.

Here he is telling it like it is.

More M&A activity in the gold mining sector. Things are heating up.

This has been a thought of mine as well. We really cannot know what Keith's long term plans are here, but it would definitely not surprise me if he has been planning this since the beginning. I do know he is a very long-term investor who thinks decades ahead which is something you have to do to stay alive in the mining business. Since First Majestic acquired Jerritt Canyon we can at least be certain Keith does consider gold assets into the mix of First Majestic. He has said several times First Majestic is looking at assets abroad, and I think he is now done with expanding in Mexico after they made the Gatos purchase.

First Majestic really does not need to acquire FFMG. They just need to partner up with FFMG on Springpole and possibly Duparquet. Frist Majestic already owns 50% of the silver in Springpole so it really should not come as a surprise if they would acquire the other 50% of the silver and partner up 50/50 on the gold. I think this would be a relatively easy sell for Keith to his AG shareholders. However, we do have to keep in mind that AG also needs to turn around the Jerritt Canyon mine first and get it going. This is going to take 2-3 years or so I think, but if gold keeps rising over 3k/oz. then Jeritt Canyon will also bring in very nice cash flow. So the "prime time" to acquire or partner with Springpole would in my opinion be around this time. They could of course announce such a deal in maybe 12-18 months after Sprinpole has been approved and then work out all the details and close the transaction later. The priority for First Majestic right now is to optimize the operations from all the recent acquisitions (Jerrit and Gatos) and get that cash flow going. They already put out a very nice report for 2024 and current estimates for Free Cash Flow are really good for the next few years.

If this indeed is the plan to eventually merge with First Majestic then I could not be happier, that's for sure. This would also most likely explain why we have not seen a deal yet because it might be possible Keith has already told Dan what the plan is and unless they get a superior offer from someone else then the plan is indeed to partner up with First Majestic. The big question would obviously then be if First Majestic would also be interested in Duparquet or not. I don't see why they would not since it really has the potential to become a monster 15-20m ounce assets long term. Since these assets are really big it would mean the acquirer would need to have a good balance sheet and good cash flow. First Majestic will check both of those boxes in the next few years.

Is this Keith's master plan? To create a massive new North-American gold/silver miner by eventually merging AG and FFMG? It would definitely not be out of the cards, and if he succeeds in doing this then it could mean a potential 20-50 bagger down the road if we get a 10 year or so bull market in precious metals.

I'm shocked they haven't done another REAL audit of the gold holdings since the 1950's. The government pisses away billions and billions of dollars every year and doesn't know what they hold in gold reserves? Pathetic.

Another great indicator of how poorly this country is run.

Keith Neumeyer was interviewed by Andy Schectman on his "Little by Little with  Andy Schectman" channel.   The interview was about Keith's life-long career building mining companies.  Keith does mention First Mining Gold and the frustration and patience it takes to bring a project into production.  That was about the 7 minute mark.

Now go back and watch Dan squirm when asked the question why doesn't First Majestic buy First Mining.  Go back and listen to Dan's answer again.  As soon as Springpole receives EA approval there will definitely be interested buyers.  First Majestic might be interested in Springpole at some point as well.  Keith said in the Andy Schectman interview that silver is a more difficult market to stay in pure silver.  It is getting harder and harder to find and acquire projects ready to produce.  
A production company has to stay focused on production and projects that can produce. 

I would be shocked if they still had the inventory list(s) from the 1950s.

This is a very informative video from Mike Maloney speaking to this gold move and gold audit at ALL the different places where the gold is being held. Physical gold is being relocated to all parts of the planet.
You want to listen to this.

Not to belabor my point, but if Trump doesn't authorize a complete, forensic audit of ALL the gold and not only what's just at Fort Knox that's also not giving an accurate accounting of what we have. If they're doing a walk through at just Ft.Knox and the gold appears to be all there, how do we know what's still at the Denver and West Point Repositories? We don't

I'm not saying Trump isn't trying to do the right thing, but as You say this government is corrupt and he has to cover all his bases if he indeed wants to find the truth. That means doing a through audit.

What's Trump going to do if there's a lot of gold missing? Who stole it and who would he blame? I don't see them making an admission of a lot of this gold going missing, especially if they have no clue where it went and that would most likely be the case. It would serve NO purpose for him to say it's gone if he has no one to blame. Remember the last real audit happened in 1953.

If Trump, Musk, Rand Paul, Ron Paul or whoever else is really concerned go to Ft.Knox and do a walk through of the vaults there and they're told the gold is there AND that's all they do. THAT'S A PHOTO OP.

Some day what actually is/will occur regarding exposing the level of corruption will blow your mind. This effort is not business as usual. It is designed to annihilate the whole corrupt system and rebuild it all. No more Band-Aids or procrastination. Everything has a bullseye on it. It is not a game that photo ops are an option. Everything has a deeper meaning/purpose IMO. Both sides are as serious as a heart attack. Watching and praying. The greatest battle ever fought is underway.
So in light of the total plan Fort Knox is just a small ( although important) piece of the pie and results of it will likely get absorbed into the whole pie.

If I read that correctly, Rand Paul was asking for an in person inspection of Fort Knox. That's all fine and dandy, but IMO that's not enough.

Just seeing that a stack of what appears to be gold bars is NOT enough. They need to account for every bar and test that it really is gold.

O.K., here's the information we're seeking that explains what a REAL audit would entail. It says in this article that a real, thorough audit of Fort Knox would take 4 years.
This article gives everything we need to know about getting an audit done and it wouldn't be a quick, easy job. A lot more than just walking through the vaults to check and see that something is stacked there that LOOKS like gold.

Nothing's been said about auditing the other gold storage facilities holding the rest of the gold. That needs to done also. Only half the gold is in Ft. Knox.

https://www.zerohedge.com/sponsored-post/fort-knox-audit-spot-check-or-years-long-gold-hunt

The formal written request to inspect and start testing Fort Knox Gold .... with inspections to commence no later than March 19, 2025 .......

https://x.com/SenRandPaul/status/1893039226666496502

I never heard Trump say they're going to audit or do a close inspection of the gold held at Fort Knox. I heard Trump say on two occasions that he and Elon were going down to Fort Knox and check to see if the gold was still there. IMO that's not enough checking. There needs to be a forensic audit done on this gold.

I don't know how either one of them can discern a counterfeit bar of gold from a real bar of gold. I would think that might even be difficult to someone with a trained eye. I hate to say it, but it wouldn't surprise me in the least if whoever is ultimately in charge of this gold would be attempting to HIDE what may not be there.

God, knows they've had years and years to cover up any crimes being done. This is going to be really interesting, but Trump and Elon just walking around Fort Knox making sure our gold hasn't walked off is just another photo op, not a true audit. I'm skeptical that even if the gold is not there, that they would admit it, such an announcement would not be good for the dollar.

IOM When they audit it will be a true audit.
How much, purity. Who owns it. We have the shits of gov. Lying and hiding. If he is going to do it, it better be authentic. I am sure he fully understands what it means either there are not. I heard it said that if not there it is better to get it out in open at same time as the all the other SHTF events. If it is there then leverage it as planned.

I don't think the gold that's supposed to be in Ft.Knox is intermingled with gold from other countries. I would have to check, but Ft.Knox is JUST U.S. gold to my knowledge.

There are other gold storage facilities that have the gold we're supposed to be holding for other countries. In fact, this article I'll post says only about half of the U.S. gold is at Fort Knox. Do they count other countries gold as our gold reserves? I don't know, but I assume they shouldn't be.

My guess is that they'll find all of the gold there or at least say its there, whether it is or not.

https://www.military.com/daily-news/2025/02/21/what-know-about-fort-knoxs-gold-depository.html

Here's some of the other storage places for U.S. gold.

https://goldandsilvercentral.com/where-is-us-gold-stored/

I didn't see it in this article, but I think the Bank of New York holds physical gold too. That may be
where the gold in transit is kept or held. Just a guess.

Remember parts of a bar of gold in the vault may be owned by several separate clients, the USA may have custody but may own less than 100% of the value.