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Mayfair Gold ( (TSE:MFG) ) has shared an announcement.
Mayfair Gold has delivered a robust 2026 pre-feasibility study for its Fenn-Gib gold project in Ontario, outlining a high-margin, 14.3-year mine life with an after-tax NPV (5%) of $652 million and a 24% IRR at a US$3,100/oz base gold price, and significantly higher economics at current spot prices. The plan envisions average annual production of about 71,000 ounces in the first six years at all-in sustaining costs of US$1,171/oz, generating more than $896 million in free cash flow over that period, supported by an initial capex of $450 million and a 2.7-year payback, while only mining roughly 24% of the indicated resource, thereby maintaining substantial growth optionality and positioning the project for a construction decision within two to three years as environmental and permitting work advances.
The most recent analyst rating on (TSE:MFG) stock is a Hold with a C$5.00 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 exploration and development company focused on advancing its flagship Fenn-Gib gold project in the Timmins Gold District of Ontario, one of Canada’s most established gold-producing regions. The company’s strategy centers on developing a high-grade, scalable open-pit operation while preserving long-term upside from a larger indicated resource base.
Average Trading Volume: 60,590
Technical Sentiment Signal: Buy
Current Market Cap: C$367.4M
For a thorough assessment of MFG stock, go to TipRanks’ Stock Analysis page.