11:28 AM EDT, 04/01/2024 (MT Newswires) -- First Mining Gold ( FFMGF ) on Monday reported its 2023 results, showing a narrower loss from the prior year that included a C$10.36 million charge.

The company recorded a net loss of C$7 million, or C$0.01 per share, compared with a net loss of C$16.3 million, or C$0.02 per share, last year. It recorded no revenue for either year.

As of December 31 the company's cash and current investments balance was C$12.5 million and the equity interests in Treasury Metals, PC Gold (Pickle Crow Project), and Big Ridge Gold (Hope Brook Project) had a combined carrying value of C$26.2 million.

"In 2023, we continued to demonstrate the value of the First Mining portfolio by generating non-dilutive proceeds through non-core asset sales, while successfully completing two financings where existing shareholder support remains strong," chief executive Dan Wilton said in a release.

First Mining shares were last seen up C$0.01 to C$0.13 on the Toronto Stock Exchange.

Price: 0.13, Change: +0.01, Percent Change: +8.33