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Mayfair Gold ( (TSE:MFG) ) has shared an announcement.
Mayfair Gold has granted incentive stock options to directors, officers, employees and advisors to purchase a total of 645,000 common shares at an exercise price of $5.94 per share, exercisable over five years to January 26, 2031, as part of its omnibus incentive plan. The move aligns management and staff with shareholder interests as the company progresses its Fenn-Gib gold project toward potential construction and production, reinforcing its long-term development strategy and providing equity-linked incentives at a critical stage in its project pipeline.
The most recent analyst rating on (TSE:MFG) stock is a Hold with a C$6.50 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 Corp. is a Canadian gold development-stage company focused on advancing its 100%-controlled Fenn-Gib Project in the Timmins region of Northern Ontario. A pre-feasibility study indicates the potential to develop Fenn-Gib into a new Canadian gold producer requiring initial development capital of $450 million, with a projected payback period of 2.7 years and cumulative free cash flow of $896 million over the first six years of production at a US$3,100/oz gold price, as the company advances permitting, detailed engineering and stakeholder engagement toward planned construction and initial production later this decade.
Average Trading Volume: 61,309
Technical Sentiment Signal: Buy
Current Market Cap: C$396.8M
For an in-depth examination of MFG stock, go to TipRanks’ Overview page.