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Mayfair Gold ( (TSE:MFG) ) has provided an announcement.
Mayfair Gold has commenced trading on the NYSE American under the ticker “MINE,” while maintaining its listing on the TSX Venture Exchange and discontinuing trading on the OTCQX market. Management frames the uplisting as a key step in broadening the company’s U.S. shareholder base and visibility in U.S. capital markets, potentially improving access to funding as it advances the Fenn-Gib gold project in Ontario toward development and future production, building on momentum from its recently announced pre-feasibility study and signaling a strong start to 2026 for the emerging gold developer.
The most recent analyst rating on (TSE:MFG) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Mayfair Gold stock, see the TSE:MFG Stock Forecast page.
Spark’s Take on TSE:MFG Stock
According to Spark, TipRanks’ AI Analyst, TSE:MFG is a Neutral.
The score is primarily held back by weak financial performance (pre-revenue status, ongoing losses, and continued cash burn despite improvements). Technicals are supportive with a clear multi-timeframe uptrend and moderate momentum, while valuation remains challenged due to a negative P/E and no dividend yield. Corporate updates are positive for visibility and execution, but do not yet resolve the fundamental funding and profitability gap.
To see Spark’s full report on TSE:MFG stock, click here.
More about Mayfair Gold
Mayfair Gold Corp. is a Canadian gold development-stage company focused on advancing its 100%-owned Fenn-Gib gold project in the Timmins region of Northern Ontario. A recently completed pre-feasibility study outlines the potential to develop Fenn-Gib into a new Canadian gold producer for an initial development capital outlay of C$450 million, with a base case payback period of 2.7 years and projected cumulative free cash flow of $896 million over the first six years of production at a US$3,100/oz gold price. The company is progressing permitting, detailed engineering and stakeholder engagement with the objective of moving into construction and ultimately bringing Fenn-Gib into production.
Average Trading Volume: 63,636
Technical Sentiment Signal: Buy
Current Market Cap: C$390.1M
For an in-depth examination of MFG stock, go to TipRanks’ Overview page.