Due to the proximity of the forest fire, First Mining has temporarily suspended operations at Springpole, and MNRF firefighters are currently staged at the Springpole site working to contain the fire.
All company staff and contractors have been demobilized from the property and are safe and accounted for, and at this point there is no damage to infrastructure at the Springpole camp, First Mining says.
The company is now monitoring the situation closely and will provide timely updates on any material developments to the situation.
Springpole is considered to be one of the largest undeveloped open-pit gold deposits in Canada, capable of producing over 300,000 ounces of gold per year.
Shares of First Mining advanced 2.1% by 11:40 a.m. in Toronto despite suspension of its gold project. The Canadian gold developer has a market capitalization of about C$334.9 million.
