Mayfair Gold Corp.

Promotional Strapline: Unlocking optionality through disciplined gold development
Primary Ticker: TSXV:MFG, NYSE:MINE, FRA:9M50
Stage of Development: Exploration
Primary Minerals: Gold
Country / Region: Canada
Market Cap 222.3M
Corporate Presentation: Go to presentation
Website: Mayfair Gold Corp.

Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. The 2026 Prefeasibility Study (the “PFS”) outlines a smaller mine designed to go through an accelerated permitting path while retaining expansion potential once in production using organic free cash flow. The PFS highlights robust economics with initial development capital of C$450 million, a base-case payback period of 2.7 years and cumulative free cash flow of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, stakeholder engagement and resource expansion with the goal of starting construction in 2028 and production in 2030.

 

Management Profile:

Drew Anwyll - CEO

Mr. Anqyll is a Professional Engineer (Ontario) with over 30 years of experience in project and operating in Canada and globally. Mr. Anwyll has worked extensively with companies including Generation Mining, Detour Gold, Barrick Gold, and Placer Dome along with various other junior and intermediate mining companies in Northern Ontario, across Canada and internationally. Most recently, Mr. Anwyll was COO for Generation Mining. Prior to this, he was Senior Vice-President – Technical Services and Vice-President Operations | Mine General Manager at Detour Gold’s open pit gold mine in Northern Ontario.

 

Zayem Lakhani - VP Capital Markets

Mr. Lakhani brings more than 17 years of expertise in investment management, equity research, and corporate development. Prior to joining Mayfair, he served as Portfolio Manager and Head of Canadian Equities at HSBC Global Asset Management, where he was the lead decision maker and oversaw the investment process for a $4 billion capital pool spanning multiple strategies.

 

What are your key goals for the next 3, 6, and 12 months?

3 Months

Delineate exploration plans for land packages along the prolific Porcupine Destor Fault Zone to expand resource. Enter into Ontario’s One Project One Process Framework (1P1P) designed to get permits in 12-24 months.

6 months

Drill ready targets along the PDFZ; team member additions to advance permitting, engineering and project management; entry in 1P1P; advance indigenous relations

12 months

Drill results and follow on drilling of PDFZ targets leading to expanded resource. Nearing completion of permitting process. Early works and site preparation. Project debt financing avenue selected. Equity capital attained.

 

What do you think makes your company such a compelling investment?

Combination of scaled resource, well drilled, Tier 1 jurisdiction, management experience, accelerated green field permitting, realistic financing hurdle and significant rerating following 1P1P permitting and production all within 4 years.