VANCOUVER, British Columbia, Oct. 6, 2016 /CNW/ -- First Mining Finance Corp. (OTCQX: FFMGF, TSX-V:FF), based in Vancouver, Canada, focused on acquiring mineral banks, today announced that the October 5 presentation from President, Patrick Donnelly is now available for on-demand viewing at the OTCQX Virtual Investor Conference.
First Mining Finance Corp. presentation will be available 24/7 for 90 days. Investors and advisors may download shareholder materials from the "virtual trade booth" for the next three weeks.
Recent Company Highlights
- 8 transactions within 12 months leading to 6.6 million gold measured and indicated ounces and 3.5 million gold inferred ounces.
- Market capitalization growth from $28 million in April 2015 to $354 million by September 2016.
- Increased stock price from $0.22 to a high of $1.02 in 15 months.
- Backed up by First Majestic Silver Corp., one of the largest silver producers in the world.
The OTCQX Virtual Investor Conference is made possible by a partnership between OTC Markets Group Inc. and VirtualInvestorConferences.com, a cooperative venture of PR Newswire and BetterInvesting (NAIC). Learn more about the event at VirtualInvestorConferences.com.
First Mining Finance Corp.
First Mining Finance Corp. was founded in April 2015, when it was cheaper to buy a million ounces of gold than it was to drill a million ounces. Keith Neumeyer founded this new venture under similar market conditions as when he started First Quantum Minerals Ltd. in the 90's and First Majestic Silver Corp. in the early 2000's. Knowing that the mining sector wouldn't stay depressed forever, he took advantage of those bear market situations and grew both companies into multi-billion dollar companies when the markets turned around. Through a total of eight transactions within 12 months between 2015 and 2016, First Mining accumulated a total of 6.6 million gold measured and indicated ounces and 3.5 million gold inferred ounces.
The team chose projects based on the quality of the assets, their jurisdiction, project infrastructure, holding costs and their valuation. First Mining currently holds a total of 25 assets in Canada, the United States and Mexico. They recently sold 3 of their Mexican assets. This transaction follows their mineral bank business model of monetizing assets by entering into agreements with third parties that move their projects forward while First Mining retains residual interests in the properties.
First Mining Finance has seen a steady growth in their market capitalization and their share value, directly influenced by their rapid resource growth with each company acquisition. Their stock price climbed from $0.22 to a high of $1.02 within 15 months of getting listed and their market capitalization grew from $28 million in April 2015 to $354 million by September of this year.
The largest project on First Mining's portfolio is the Springpole project, added through the acquisition of Gold Canyon Resources Inc. Springpole is one of Canada's largest undeveloped gold projects and it covers a total of 32,448 hectares (+80,000 acres). The project is located in western Ontario, about 110 kilometers northeast of Red Lake.
First Mining Finance is now looking to add value to their assets by conducting exploratory drillings, metallurgical studies and further expanding and improving the existing on site infrastructures.
SOURCE First Mining Finance Group
For further information: Derek Iwanaka, Vice President, Investor Relations, [email protected], toll free:1-844-306-8827