Mayfair Gold (MFG) AI Stock Analysis

• Market Cap: C$335.99M
• Dividend Yield: N/A
• Average Volume (3M): 262.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.31
• Revenue Growth: N/A
• EPS Growth: 50.13%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): -0.04
• Shares Outstanding: 66,797,590
• 10 Day Avg. Volume: 225,028
• 30 Day Avg. Volume: 262,343
• PEG Ratio: 0.96
• Price to Book (P/B): 15.10
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -25.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 54 Neutral
• Price Target: C$5.00 ▲(3.73% Upside)

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.

Positive Factors

New CEO Appointment

The appointment of Nicholas Campbell as CEO, with his extensive industry experience, is expected to enhance strategic leadership and operational efficiency, potentially driving long-term growth and project success.

Project Advancements

Advancements in the Fenn-Gib project, with substantial mineral resources, position Mayfair Gold for future production, potentially increasing revenue and market presence in the gold mining sector.

Debt-Free Balance Sheet

A debt-free balance sheet provides financial stability and flexibility, allowing Mayfair Gold to invest in growth opportunities without the burden of interest payments, enhancing long-term sustainability.

Negative Factors

Lack of Revenue

The absence of revenue highlights operational challenges and limits cash generation, impacting the company's ability to fund projects and sustain operations without external financing.

Negative Cash Flows

Persistent negative cash flows suggest inefficiencies and a reliance on external funding, which can hinder long-term growth and financial health if not addressed through improved operational performance.

Decreasing Assets

A decrease in total assets may indicate challenges in asset management or investment inefficiencies, potentially affecting the company's ability to leverage its resources for growth and development.

Mayfair Gold Business Overview & Revenue Model

Company Description

Mayfair Gold Corp., an exploration-stage company, acquires, explores, evaluates, and develops mineral properties. It holds a 100% interest in the Fenn-Gib gold project that covers an area of 4,800 hectares comprising 21 fee simple patented properties, 153 unpatented mining claims, and 144 patented leasehold mining claims located in the Guibord, Munro, Michaud, and McCool Townships in northeast Ontario, Canada. The company was incorporated in 2019 and is headquartered in Matheson, Canada.

How the Company Makes Money

Mayfair Gold makes money through the exploration and development of gold properties, which can lead to revenue generation through the sale of mined gold or through partnerships and joint ventures with larger mining companies. The company may also earn income by selling stakes in its projects or securing royalties and streaming agreements. Key revenue streams include the sale of gold extracted from their developed mines and potential earnings from strategic partnerships that provide funding or operational support in exchange for a share of future profits. Mayfair Gold's success is influenced by factors such as gold market prices, exploration success, and the ability to efficiently manage operational costs.

Mayfair Gold Financial Statement Overview

Summary

Mayfair Gold demonstrates financial instability with recurring losses, a lack of revenue, and reliance on external financing. The balance sheet is stable with no long-term debt, but negative cash flows indicate operational challenges.

Income Statement

Mayfair Gold's income statement shows a pattern of persistent losses with no reported revenue over the years. Key metrics like gross profit margin, net profit margin, EBIT margin, and EBITDA margin are negative due to the lack of revenue and high operating costs. This reflects ongoing operational challenges and a lack of profitability.

Balance Sheet

The balance sheet is relatively stable with a strong equity position and no long-term debt, indicated by a zero debt-to-equity ratio. However, the company’s total assets have decreased over the most recent period, and there's a significant decrease in stockholders' equity. The equity ratio remains healthy, but the company is not generating value for shareholders as evidenced by negative ROE.

Cash Flow

Cash flow analysis reveals consistent negative operating cash flows, indicative of operational inefficiencies and a lack of income generation. Although financing cash flow is positive, likely due to external funding, the company maintains a negative free cash flow, signaling cash usage exceeding incoming funds.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	-22.82K	-58.52K	-78.98K	-15.75M	-9.79M	-421.20K
EBITDA	-9.29M	-11.04M	-19.02M	-21.30M	-12.81M	-2.72M
Net Income	-9.00M	-12.68M	-15.95M	-15.06M	-10.26M	-3.80M
Balance Sheet
Total Assets	56.75M	24.49M	28.49M	21.81M	27.37M	16.53M
Cash, Cash Equivalents and Short-Term Investments	41.81M	9.53M	13.50M	6.79M	12.04M	2.13M
Total Debt	0.00	0.00	0.00	9.97K	68.83K	0.00
Total Liabilities	1.18M	749.93K	2.55M	2.51M	2.03M	339.57K
Stockholders Equity	55.57M	23.74M	25.95M	19.30M	25.33M	16.19M
Cash Flow
Free Cash Flow	-7.10M	-13.84M	-16.78M	-16.46M	-12.74M	-15.45M
Operating Cash Flow	-7.10M	-13.84M	-16.76M	-16.35M	-12.56M	-1.09M
Investing Cash Flow	38.12K	-221.00	-25.50K	-116.43K	-186.02K	-14.36M
Financing Cash Flow	43.44M	9.87M	23.51M	11.21M	22.65M	18.12M

Mayfair Gold Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4.82
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MFG, the sentiment is Positive. The current price of 4.82 is below the 20-day moving average (MA) of 4.93, above the 50-day MA of 4.54, and above the 200-day MA of 3.79, indicating a bullish trend. The MACD of 0.22 indicates Negative momentum. The RSI at 60.92 is Neutral, neither overbought nor oversold. The STOCH value of 50.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MFG.

Mayfair Gold Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DNG	78 Outperform	C$257.71M	11.28	13.91%	2.78%	23.58%	-21.41%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
MFG	54 Neutral	C$335.99M	-34.95	-22.27%	―	―	50.13%
FF	54 Neutral	C$723.66M	-25.55	-11.85%	―	―	50.54%
SIG	53 Neutral	C$362.04M	-62.25	-10.44%	―	―	-69.66%
VGZ	51 Neutral	C$355.63M	-34.88	―	―	―	-166.59%
MAI	48 Neutral	C$556.43M	-7.18	-180.41%	―	119.95%	-79.81%

Mayfair Gold Corporate Events

Mayfair Gold Unveils High-Return Pre-Feasibility Study for Fenn-Gib Project

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.

Mayfair Gold Completes 2-for-1 Share Consolidation Ahead of Advancing Fenn-Gib Project

Mayfair Gold has completed a 2-for-1 share consolidation, with its common shares now trading on a post-consolidation basis on the TSX Venture Exchange, reducing the number of issued and outstanding shares to 66,797,608. All outstanding warrants and stock options have been proportionally adjusted, a move that is expected to streamline the company’s capital structure as it continues to advance its large Fenn-Gib gold project in Ontario, potentially improving its market positioning with investors while it pursues further project development and broader capital markets visibility.

Mayfair Gold Announces Share Consolidation and NYSE American Listing Application

Mayfair Gold has announced a consolidation of its common shares in a two-to-one ratio as part of its strategy to list on the NYSE American Stock Exchange. This move is aimed at meeting the minimum share price requirements for the listing, which could enhance the company’s market presence and potentially attract a broader investor base. The consolidation has been conditionally accepted by the TSX Venture Exchange and is expected to be completed by December 17, 2025, with trading on a post-consolidation basis commencing on December 18, 2025.

Mayfair Gold Strengthens Management with Key Appointment

Mayfair Gold has appointed Mr. Zayem Lakhani as Vice President of Capital Markets to enhance its management team. This strategic move comes as the gold industry is attracting new investor interest, with gold and gold equities being recognized as essential components of diversified portfolios. Lakhani’s experience as a generalist fund manager is expected to help Mayfair engage with a broader set of investors. Additionally, Mayfair has granted options to Lakhani and key consultants as part of its equity incentive plan, reflecting the company’s commitment to aligning management interests with shareholder value.

Mayfair Gold Advances Fenn-Gib Project with Strong Q3 2025 Results

Mayfair Gold reported its Q3 2025 financial and operational results, highlighting a $40 million LIFE Offering to advance the Fenn-Gib gold project. The company is progressing with a Pre-Feasibility Study for a 4,800 tpd open pit operation and has commenced a confidence drilling program to refine the project’s mineralization profile. With a strong balance sheet and an experienced team, Mayfair Gold is poised to transition into a new Canadian gold producer, enhancing its industry positioning and stakeholder value.

Mayfair Gold Advances Fenn-Gib Project with Strategic Developments

Mayfair Gold Corp. has announced progress on its Fenn-Gib Project, with a Pre-Feasibility Study on track for completion in Q4 2025. The company is focusing on an open pit mine plan targeting near-surface high-grade mineralization to optimize early-stage cash flow and enhance short-term project economics. A high-density drilling program is underway to support the mine design and optimize future operations, while geotechnical site investigations for the tailing storage facility have been completed. This strategic approach aims to fast-track the project as a potential new gold producer, leveraging the current high gold prices.

Mayfair Gold to Present at New Orleans Investment Conference

Mayfair Gold announced its participation in the 51st Annual New Orleans Investment Conference, where CEO Nicholas Campbell will present. This event provides an opportunity for Mayfair to engage with investors and industry leaders, potentially enhancing its market presence and stakeholder engagement.

Mayfair Gold to Showcase at Red Cloud’s 2025 Fall Mining Event

Mayfair Gold announced its participation in the Red Cloud Fall Mining Showcase 2025, inviting shareholders and interested parties to learn about its latest developments. The event, which gathers investors and industry leaders, will feature a presentation by Mayfair’s COO, potentially enhancing the company’s visibility and stakeholder engagement in the mining sector.

Mayfair Gold Files Annual Information Form for 2024

Mayfair Gold has announced the filing of its Annual Information Form for the year ended December 31, 2024, available on SEDAR+ and the company’s website. This filing marks a significant step in the company’s efforts to advance its Fenn-Gib gold project, potentially impacting its operations and positioning within the gold industry.