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viewFirst Majestic Silver Corp.

First Mining Gold forms financing deal with First Majestic Silver to advance Springpole gold project

First Mining Gold Corp (TSE: FF) (OTCQX: FFMGF) CEO Dan Wilton tells Proactive the miner has formed a $22.5 million funding deal with shareholder First Majestic Silver Corp (TSE:FR), which will give it enough capital to advance its flagship Springpole gold project in Ontario through the pre-feasibility and environmental assessment stage.

Wilton says First Majestic will pay the exploration group US$22.5 million in total for a 50% stream of the silver produced from Springpole over its life.

Quick facts: First Majestic Silver Corp.

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TSX:FR
Market: TSX
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