Critical Materials & Supply Chain▲
Mayfair Gold Reports Q2 2026 Operating and Financial Results
Mayfair Gold Corp. reported its operating and financial results for the quarter ended June 30, 2026. The company is advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario, which hosts a 4.3 million ounce indicated mineral resource of gold and a 1 million ounce probable mineral reserve. Mayfair Gold's 2026 Pre-Feasibility Study outlines initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow of US$896 million over the first six years of production based on a US$3,100 per ounce gold price. The company is targeting construction start in 2028 with initial production in 2030.