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Mayfair Gold
(MFG)
Mayfair Gold (MFG) vs. iShares MSCI Canada ETF (EWC)
Mayfair Gold Business Overview & Revenue Model
Mayfair Gold Financial Statement Overview
| 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 | -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
Mayfair Gold Peers Comparison
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$327.72M | -126.19 | -2.02% | ― | ― | -40.00% | |
54 Neutral | C$358.04M | -36.14 | -22.27% | ― | ― | 50.13% | |
53 Neutral | C$291.48M | -5.44 | -27.21% | ― | ― | ― | |
53 Neutral | C$354.26M | -58.61 | -10.44% | ― | ― | -69.66% | |
48 Neutral | C$321.65M | -16.95 | -44.86% | ― | ― | -222.22% | |
45 Neutral | C$528.52M | -47.62 | -7.89% | ― | ― | -111.93% |
Mayfair Gold Corporate Events
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 the development of SilverCrest Metals’ Las Chispas Mine and Detour Gold’s Detour Lake Mine, will provide independent senior-level technical and strategic guidance on plant design, construction readiness and risk management as Mayfair moves toward permitting and preparation for construction. His appointment, which includes compensation in the form of stock options and access to the company’s equity incentive plan, reinforces Mayfair’s push to de-risk Fenn-Gib and bolster operational expertise as it works to transition the project from development toward future production.
The most recent analyst rating on (TSE:MFG) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Mayfair Gold stock, see the TSE:MFG Stock Forecast page.
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 broadening the company’s U.S. shareholder base and visibility in U.S. capital markets, potentially improving access to funding as it advances the Fenn-Gib gold project in Ontario toward development and future production, building on momentum from its recently announced pre-feasibility study and signaling a strong start to 2026 for the emerging gold developer.
The most recent analyst rating on (TSE:MFG) stock is a Hold with a C$6.00 price target. To see the full list of analyst forecasts on Mayfair Gold stock, see the TSE:MFG Stock Forecast page.
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.
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 the TSX Venture Exchange under the symbol “MFG” and will cease trading on the OTCQX, with no action required from shareholders. The U.S. listing marks a significant step in broadening Mayfair’s access to North American capital markets as it advances its Fenn-Gib gold project in Northern Ontario toward construction and potential future production, positioning the company to attract a wider investor base and potentially improve liquidity as it funds the next stages of project development.
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.
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.
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 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 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 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 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 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.