MAYFAIR GOLD CORP. (MFGCF) Form 6-K — Aug 12, 2026
Mayfair Gold Corp. filed its Q2 2026 interim financials and MD&A on Form 6-K, reporting a six-month net loss of C$14.67 million versus C$3.93 million a year earlier, with the Q2 loss of C$7.35 million roughly triple the year-ago quarter. The wider losses stem from stepped-up exploration and evaluation spending of C$9.97 million in the first half as the company advances its Fenn-Gib gold project in northeastern Ontario. Cash and equivalents fell to C$22.95 million from C$38.19 million at year-end 2025, with C$13.75 million used in operations during the half.
Key figures
- Total Assets
- 42284597
- Cash Position
- 22948715
- Shares Outstanding
- 67138496
- Working Capital
- 22403808
- Pfs Payback Period
- 2.7 years
- Reporting Currency
- CAD unless noted
- Accumulated Deficit
- 85156654
- Plato Assumed Nsr Royalty
- 2.0% net smelter returns royalty on certain acquired claims
- Process Plant Throughput
- 4,800 tonnes per day
- Target Construction Start
- 2028
- Target Initial Production
- 2030
- Pfs Cumulative Free Cash Flow
- US$896 million over first six years at US$3,100/oz gold
- Pfs Initial Development Capital
- C$450 million
- H1 2026 Warrant Exercise Proceeds
- 933530
- Mineral Properties Carrying Value
- 16497500
- H1 2026 Private Placement Proceeds
- 254041
- Plato Acquisition Cash Consideration
- 2500000
- Sept2025 Private Placement Gross Proceeds
- 40002600
- Six Month Exploration Evaluation Expenses
- 9965033
AI analysis
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