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Mayfair Gold ( (TSE:MFG) ) just unveiled an announcement.
Mayfair Gold has announced the successful completion of its 2025 metallurgical test program for the Fenn-Gib Gold Project, which is crucial for the Pre-Feasibility Study (PFS). The test results confirm the effectiveness of a conventional process flow, achieving high gold recovery rates, and provide confidence in the project’s design and future operations. These insights are expected to optimize long-term recovery and efficiency, contributing to the PFS scheduled for completion by the end of 2025.
Spark’s Take on TSE:MFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:MFG is a Underperform.
Mayfair Gold faces significant financial challenges with no current revenue and negative cash flows. Technical indicators show a bearish trend, and the company’s valuation is unattractive due to its unprofitability. However, positive corporate events, such as a new CEO and project advancements, offer potential for future improvement.
To see Spark’s full report on TSE:MFG stock, click here.
More about Mayfair Gold
Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100% controlled Fenn-Gib gold project in the Timmins region.
Average Trading Volume: 40,851
Technical Sentiment Signal: Sell
Current Market Cap: C$178.1M
For detailed information about MFG stock, go to TipRanks’ Stock Analysis page.