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Mayfair Gold ( (TSE:MFG) ) has issued an update.
Mayfair Gold has filed a NI 43-101-compliant technical report and pre-feasibility study for its Fenn-Gib Gold Project in Northeastern Ontario, a key regulatory and technical milestone that provides detailed engineering and economic analysis for potential development of the open-pit operation. The company also announced that Richard Klue, its VP Technical Services who played a central role in delivering the Fenn-Gib pre-feasibility study, is transitioning to semi-retirement and will continue to support Mayfair on an hourly basis, signalling continuity in technical oversight as the project advances while allowing leadership succession at a critical stage for the asset.
The most recent analyst rating on (TSE:MFG) stock is a Hold with a C$5.50 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 is a Canadian mineral exploration company focused on advancing its 100%-owned Fenn-Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib deposit is the company’s flagship asset, currently hosting an updated open-pit constrained mineral resource estimate of 181.3 million tonnes of Indicated Resources containing 4.3 million ounces of gold at 0.74 g/t and 8.92 million tonnes of Inferred Resources containing 0.14 million ounces of gold at 0.49 g/t, using a 0.30 g/t gold cut-off grade.
Average Trading Volume: 58,715
Technical Sentiment Signal: Buy
Current Market Cap: C$364M
Find detailed analytics on MFG stock on TipRanks’ Stock Analysis page.