Mayfair Gold (TSE:MFG)
:MFG
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Mayfair Gold
(MFG)
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Rating:54Neutral
Price Target:
C$5.50
▲(5.77% Upside)
Action:UpgradedDate:12/30/25
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
Conservative balance sheet
Essentially zero debt combined with a sharp increase in equity materially reduces solvency and refinancing risk for an exploration-stage miner. This structural capital base improves the company's flexibility to fund further drilling, pursue JVs, and weather commodity cycles without immediate debt pressure.
Negative Factors
Persistent cash burn
Consistent negative operating and free cash flow is a structural constraint for a development-stage miner: ongoing cash burn necessitates repeated external financing, increasing dilution risk and creating execution uncertainty if capital markets are constrained or if planned financings are delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Essentially zero debt combined with a sharp increase in equity materially reduces solvency and refinancing risk for an exploration-stage miner. This structural capital base improves the company's flexibility to fund further drilling, pursue JVs, and weather commodity cycles without immediate debt pressure.
Read all positive factors
Mayfair Gold (MFG) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$295.15M
Dividend YieldN/A
Average Volume (3M)262.34K
Price to Earnings (P/E)―
Beta (1Y)0.74
Revenue GrowthN/A
EPS Growth50.13%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding67,080,500
10 Day Avg. Volume225,028
30 Day Avg. Volume262,343
Financial Highlights & Ratios
PEG Ratio0.48
Price to Book (P/B)7.55
Price to Sales (P/S)0.00
P/FCF Ratio-12.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 propert...
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 ...
Mayfair Gold Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
60
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
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 | -8.55M | -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
Neutral
5.20
Price Trends
5.13
Negative
4.90
Negative
4.27
Positive
Market Momentum
-0.28
Positive
41.07
Neutral
47.75
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MFG, the sentiment is Neutral. The current price of 5.2 is above the 20-day moving average (MA) of 4.55, above the 50-day MA of 5.13, and above the 200-day MA of 4.27, indicating a neutral trend. The MACD of -0.28 indicates Positive momentum. The RSI at 41.07 is Neutral, neither overbought nor oversold. The STOCH value of 47.75 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TSE:MFG.
Mayfair Gold Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
56 Neutral | C$356.51M | -77.48 | -2.03% | ― | ― | -40.00% | |
54 Neutral | C$295.15M | -25.26 | -29.59% | ― | ― | 50.13% | |
53 Neutral | C$334.79M | -39.83 | -10.35% | ― | ― | -69.66% | |
49 Neutral | C$328.37M | -7.99 | -44.86% | ― | ― | -222.22% | |
45 Neutral | C$269.32M | -7.24 | -27.79% | ― | ― | ― | |
| ― | C$837.20M | -33.01 | -7.77% | ― | ― | -111.93% |
* Basic Materials Sector Average
TSE:MFG
Mayfair Gold
4.40
0.86
24.29%
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1.58
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1911 Gold
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417.07%
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1.54
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404.92%
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TSE:SIG
Sitka Gold Corp.
0.86
0.34
65.38%
Mayfair Gold Corporate Events
Business Operations and StrategyExecutive/Board Changes
Mayfair Gold Taps Veteran Mine Builder Pierre Beaudoin as Strategic Advisor for Fenn-Gib Project
Positive
Feb 3, 2026
Mayfair Gold has appointed veteran mining executive and mineral processing specialist Pierre Beaudoin as a strategic advisor to support the advancement of its Fenn-Gib gold project in Northern Ontario. Beaudoin, whose track record includes leading...
Business Operations and StrategyDelistings and Listing Changes
Mayfair Gold Begins Trading on NYSE American Under Ticker “MINE”
Positive
Jan 27, 2026
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 ...
Business Operations and Strategy
Mayfair Gold Issues 645,000 Incentive Stock Options as Fenn-Gib Project Advances
Positive
Jan 26, 2026
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 o...
Business Operations and StrategyDelistings and Listing Changes
Mayfair Gold Wins NYSE American Listing as It Advances Fenn-Gib Project
Positive
Jan 22, 2026
Mayfair Gold Corp. has received approval to list its common shares on the NYSE American, where trading is scheduled to begin on January 27, 2026 under the ticker symbol “MINE,” while the company’s shares will continue to trade on...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Mayfair Gold Files NI 43-101 Technical Report for Fenn-Gib as VP Technical Services Moves to Semi-Retirement
Positive
Jan 16, 2026
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 po...
Business Operations and StrategyFinancial Disclosures
Mayfair Gold Unveils High-Return Pre-Feasibility Study for Fenn-Gib Project
Positive
Jan 8, 2026
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 si...
Business Operations and StrategyStock Split
Mayfair Gold Completes 2-for-1 Share Consolidation Ahead of Advancing Fenn-Gib Project
Positive
Dec 18, 2025
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 an...
Delistings and Listing ChangesStock Split
Mayfair Gold Announces Share Consolidation and NYSE American Listing Application
Positive
Dec 15, 2025
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 co...
Business Operations and StrategyExecutive/Board Changes
Mayfair Gold Strengthens Management with Key Appointment
Positive
Nov 21, 2025
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 e...
Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
Mayfair Gold Advances Fenn-Gib Project with Strong Q3 2025 Results
Positive
Nov 18, 2025
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 ...
Business Operations and Strategy
Mayfair Gold Advances Fenn-Gib Project with Strategic Developments
Positive
Nov 10, 2025
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...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.