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Robust PFS Results

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Thu, January 21, 2021 at 10:00 AMendedReplay
Robust PFS Results

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Meeting Overview The meeting focused on the presentation of 1st Mining Gold's pre-feasibility study results for the Springpole project. Key highlights included the project's strategic significance, economic metrics, and updates on the mine plan and environmental considerations. Key Discussion Points - Introduction of speakers: Dan Wilton (CEO), Ken Inquist (COO), and Spiros Kakos (VP of Investor Relations). - Presentation of pre-feasibility study results for the Springpole project. - Declaration of 3.8 million ounces of gold reserves for the first time. - Economic metrics: after-tax NPV of $995 million, after-tax IRR of 29%. - Upfront capital costs reduced to approximately $720 million. - Payback period of 2.4 years for the project. - Environmental considerations: transition from a conventional tailings dam to a combined tailings and waste rock co-disposal facility. - Discussion on grade sensitivity and the potential for higher-grade ore extraction. - Projected annual gold productio...

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[Speaker identities could not be resolved; generic labels used] [00:11] Speaker 1: Hi, everyone, and welcome to 1st Mining Gold's live investment summit today, hosted by 6. I'm pleased to introduce our speakers for today. We are joined today by Dan Wilton, CEO and Director, [00:24] Speaker 1: Ken Inquist, COO, [00:26] Speaker 1: and Spiros Kakos, Vice President of Investor and Investor Relations. [00:30] Speaker 1: Dan will kick us off by walking us through a company presentation, [00:33] Speaker 1: and then Spiros, Ken, and Dan will come back to lead us through a live Q&A. [00:38] Speaker 1: Remember, you can submit your questions at any time on the Q&A panel on the right-hand side of the screen. [00:44] Speaker 1: The summit is being recorded and will be available to you to view afterwards on six.com. [00:49] Speaker 2: So without further ado, I'll hand it over to you, Dan. Dasha, thanks very much. And thanks to everyone for joining us this morning. It's been a very exciting last couple of days as we've been [01:01] Speaker 2: moving forward [01:03] Speaker 2: and putting out this, the announcement of our pre-feasibility study results, which we're very, very happy about. So [01:11] Speaker 2: without [01:12] Speaker 2: much further ado, we're gonna be making some forward-looking statements as we go through this presentation. [01:20] Speaker 2: Just in summary, I think we're [01:22] Speaker 2: very happy with the results of [01:24] Speaker 2: the Prefeasibility [01:25] Speaker 2: Study and the direction that this is showing with the path that our Springpole project is going to take. I think it very clearly outlines this project as a real [01:34] Speaker 2: strategic [01:35] Speaker 2: Gold asset [01:37] Speaker 2: in a Tier 1 jurisdiction. [01:38] Speaker 2: And I t...