MAYFAIR GOLD CORP. (MFGCF) Form 6-K — Nov 2, 2026
Mayfair Gold's 100%-owned Fenn-Gib Gold Project in Timmins, Ontario has been designated under the province's new 'One Project, One Process' framework, which consolidates provincial permitting and Indigenous consultation into a single coordinated process expected to cut review times by 50%. With the designation, Mayfair expects to secure the permits needed for a construction decision as early as 2028, with initial production possible in 2030. The 2026 Pre-Feasibility Study outlines C$450 million in initial capital, a 2.7-year payback, and US$896 million of cumulative free cash flow over the first six years at US$3,100/oz gold.
Key figures
- Expected jobs
- over 700
- Payback years
- 2.7
- Initial capital
- C$450 million
- Gdp contribution
- approximately $3 billion to Ontario GDP
- Probable reserve oz
- 1 million ounces (25.1Mt at 1.29 g/t)
- Indicated resource oz
- 4.3 million ounces (181.3Mt at 0.74 g/t)
- Cumulative fcf six years
- US$896 million (at US$3,100/oz gold)
- Initial production target
- 2030
- Permitting time reduction
- 50%
- Construction decision target
- 2028
AI analysis
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