The Toronto-based developer, which released its Q2 2026 results on August 12, continues to advance permitting and engineering for the Timmins-region asset. According to the 2026 Pre-Feasibility Study, the project requires an initial capital investment of C$450 million. Management projects a base-case payback period of 2.7 years, with cumulative free cash flow estimated at US$896 million during the first six years of production, assuming a gold price of US$3,100 per ounce.
In section Releases
Mayfair Gold Outlines Path to Production for Fenn-Gib Project
With a 4.3 million ounce indicated mineral resource in Northern Ontario, Mayfair Gold is preparing for construction at its Fenn-Gib site by 2028. The company’s latest financial disclosure reinforces a development strategy centered on a 1 million ounce higher-grade reserve near the surface.
CEO Drew Anwyll oversees the current efforts to transition the site from a development-stage project to a functioning mine by 2030. Alongside the primary focus on the Fenn-Gib reserve, the company is conducting exploration across its broader land package to identify further resource expansion opportunities. Full financial statements and detailed project documentation are available via the company’s investor relations portal and regulatory filing databases.
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