Mayfair Gold Corp Dossier
Qualitative Analysis
Business overview
Mayfair Gold Corp. is a Canadian development-stage gold exploration and development company focused on the advancement of its 100%-owned flagship Fenn-Gib gold project. Located in the prolific Timmins gold district of Northern Ontario, the project hosts a significant indicated mineral resource of 4.3 million ounces of gold (181.3 million tonnes at an average grade of 0.74 g/t). Mayfair is advancing the project through provincial permitting frameworks, targeting a high-grade starter pit of 1 million ounces of probable mineral reserves (25.1 million tonnes at 1.29 g/t) to accelerate cash flows and minimize execution risk.
Research as of 20 Jun 2026
Strategic Initiatives
Growth programs, investments, and their expected impact
Advancing the 100%-owned Fenn-Gib Gold Project in the Timmins region of Northern Ontario. The strategy, anchored in the 2026 Pre-Feasibility Study (PFS), focuses on a disciplined, smaller-scale 4,800 tonnes-per-day open-pit operation targeting the near-surface, high-grade starter zone of 1 million ounces of gold reserves.
Expected impact: Generates C$896 million in cumulative free cash flow over the first six years of production under a US$3,100/oz base case gold price (rising to C$1.43 billion at spot gold prices of US$4,450/oz), with an after-tax NPV (5%) of C$652 million and IRR of 24%.
Initiating a regional exploration program across the expanded Timmins camp land package, following the acquisition of the Guibord, Marriott, and Holloway properties and continued exploration at the South Block along the Porcupine-Destor Fault Zone.
Expected impact: Aims to expand the mineral resource scale and identify high-grade structures to enhance overall project economics and provide additional exploration upside.
Mergers, Acquisitions & Partnerships
Recent deals and strategic collaborations
Recent Acquisitions
Acquisition of Plato Gold's interests in the Guibord (50%), Marriott (100%), and Holloway (100%) properties in Ontario. The transaction expands Mayfair's land holdings near the Fenn-Gib Gold Project by more than 65% (adding ~3,159 hectares), secures critical land access for potential onsite infrastructure, and provides early-stage exploration targets along the Porcupine-Destor Fault Zone within trucking distance of the planned operation.
Financial impact: C$2.5 million cash outflow, funded from existing treasury.
Strategic Partnerships
SRC assists Mayfair Gold with European investor relations, including messaging, communication, creation of materials, non-deal roadshows, virtual campaigns, and targeted investor outreach to broaden the company's shareholder base.
Terms: Monthly fee of 6,000 CHF