Mayfair Gold Corp. (MFG:TSXV)

  • Mayfair is quickly advancing the Fenn-Gib Project in the Timmins Gold Camp via a strategic development plan, targeting production in 2030.

  • Fenn-Gib hosts a 4.3Moz Indicated resource at 0.74 g/t, while the 2026 PFS includes ~1Moz at 1.29 g/t yielding ~64Kozpa over 14.3 years.

  • The PFS displays strong gold leverage, returning an NPV5% of >$1B and payback of under 2 years at US$4,100/oz gold.

  • Expediting production with a smaller operation lowers risk, while pulling forward FCF generation that creates optionality to fund any organic or inorganic growth opportunities at the asset or in the region.

Investment Summary

Company Description

Mayfair Gold is advancing its 100%-owned Fenn-Gib Project in Ontario’s Timmins gold camp, which hosts a 4.3Moz Indicated gold resource. The 2026 PFS outlines a phased, scalable development plan centered on a ~1.0Moz near-surface probable reserve, with projected initial capital of C$450M, a 2.7-year payback, and US$896M of cumulative free cash flow over the first six years at a US$3,100/oz gold price. The Company is targeting construction in 2028, and first production in 2030.

Research

Mayfair Gold:
Initiation Report
August 24, 2026