What Mayfair Gold does

Mayfair Gold Corp. is a Canadian gold development-stage company founded in 2019 and headquartered operationally in Matheson, Ontario. It is a single-asset developer focused on advancing its 100%-owned Fenn-Gib Gold Project, located in the Timmins Gold District of Northern Ontario, through a disciplined phased development strategy toward a targeted initial production date of 2030. The company is publicly listed on the NYSE American (ticker: MINE) and TSX Venture Exchange (ticker: MFG), with approximately 34-35% insider ownership and institutional backing from Oaktree Capital Management and Muddy Waters Capital.

The Fenn-Gib project hosts 4.3 million ounces of indicated gold resource and is being advanced based on a January 2026 Pre-Feasibility Study showing $652M after-tax NPV, 24% IRR, 2.7-year payback at a base case gold price of US$3,100/oz, and US$1,292/oz AISC. The mine plan processes approximately 1.04 Moz over a 14.3-year life at an average 64,096 oz/year, leaving ~76% of the resource base for potential future expansion. Technical design centers on a conventional open-pit, truck-and-shovel operation with a modular 4,800 tpd processing plant employing crushing, grinding, sulphide flotation, concentrate regrinding, and CIL cyanidation. Construction is targeted to begin in 2028, with the asset being advanced through Ontario's streamlined 'One Project, One Process' provincial permitting framework.

Mayfair Gold is currently pre-revenue and funds its operations through equity financings and strategic investments. Its go-to-market is capital-markets focused: participating in major mining investor conferences (PDAC, BMO Global Metals & Mining, Denver Gold Forum), engaging institutional and retail investors through roadshows, and distributing press releases. Once operational, the company will sell gold doré bars to refineries and bullion markets at prevailing spot prices under conventional commodity sales arrangements. The management team is composed of veterans of major Canadian gold producers, including alumni of Barrick Mining and Detour Gold, with direct experience developing Canada's largest gold mine (Detour Lake).

Name

Mayfair Gold

Legal name

Mayfair Gold Corp.

Website

https://mayfairgold.ca

Company type

Public

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Mayfair Gold is a Canadian gold development-stage company advancing its 100%-owned Fenn-Gib Gold Project in Ontario's Timmins Gold District toward a targeted 2030 production start, with 4.3 Moz indicated resource and PFS economics of $652M NPV at 24% IRR.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Gold Ore and Silver Ore Mining (21222)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industry

Precious Metals Exploration & Project Development (IMAKAEAI)

Keywords

• Gold mining
• Gold development
• Mineral exploration
• Precious metals
• Open-pit mining

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Supply Chain

Revenue model

1. Gold Production and Sales: Once operational (targeting initial production in 2030), Mayfair Gold will generate revenue through the production and sale of gold doré bars. The company projects average annual gold production of approximately 64,000-71,000 ounces over the mine life, with peak production exceeding 82,000 ounces in year 2. Currently pre-revenue as a development-stage company.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Mayfair Gold is an advanced-stage gold exploration and development company advancing its 100%-owned Fenn-Gib Gold Project in Ontario's Timmins Gold District toward production. The company is developing an open-pit gold mine targeting average annual production of approximately 64,000 ounces over a 14.3-year mine life, with initial production targeted for 2030. Currently pre-revenue, the company's primary planned revenue source is the production and sale of gold doré bars to refineries.

Product overview

Mayfair Gold is a Canadian gold development-stage company operating as a single-product-focused mining company advancing its 100%-owned Fenn-Gib Gold Project in Ontario through a phased development strategy. The company's primary product is the Fenn-Gib Gold Project, a large-scale gold development opportunity in the Timmins Gold District. The project is supported by a January 2026 Pre-Feasibility Study demonstrating robust economics with initial capital of C$450 million, targeting construction start in 2028 and initial production in 2030. The company also conducts regional exploration activities across its expanded land package acquired through property transactions.

Differentiator

Problem solved

Functional benefit

Products and services

• Fenn-Gib Gold Project Mayfair Gold's 100%-owned flagship gold development project located in Ontario's Timmins Gold District, hosting a 4.3 million ounce indicated gold resource. A Pre-Feasibility Study released in January 2026 outlines strong economics including $652M after-tax NPV, 24% IRR, and a 2.7-year payback period, with construction targeted to begin in 2028 and initial production expected in 2030.
• Timmins Camp Regional Exploration Program Regional exploration program across Mayfair's Timmins camp land package evaluating district-scale properties along the Porcupine-Destor Fault Zone for high-grade gold mineralization and resource growth, including the recently acquired Guibord, Marriott, and Holloway properties.

Quantifiable outcome

• After-tax NPV of $652M and IRR of 24% at US$3,100/oz gold price (base case)
• +6 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Ausenco EngineeringcoreImplementation/ SI/ Consulting Partner · 27 April 2026Ausenco Engineering was engaged for Front-End Engineering and Design (FEED) for the 4,800 tpd processing facility at Fenn-Gib. Ausenco is providing process plant design, process infrastructure, metallurgy, recovery methods, and operating cost estimates.
• Egis Canada Ltd.coreImplementation/ SI/ Consulting Partner · 27 April 2026Egis Canada Ltd. was awarded the Environmental Assessment and permitting mandate for the Fenn-Gib Project. Egis is providing environmental and permitting consulting services to advance the project through the Ontario provincial environmental assessment process.
• Plato Gold Corp.minorOthers · 2 April 2026Mayfair Gold acquired three exploration properties (Guibord, Marriott, and Holloway) from Plato Gold Corp. for C$2.5 million in cash. The properties are located near the Fenn-Gib Gold Project and are strategically positioned along the Porcupine-Destor Fault Zone.
• Apitipi Anicinapek Nation (AAN)coreStrategic or Co-development PartnerMayfair Gold has an active Exploration Agreement with the Apitipi Anicinapek Nation, whose community is approximately 20km from the Fenn-Gib site. The company is working collaboratively toward developing a Community Benefit Agreement for the project. The project is situated within Treaty 9 territory and within AAN's traditional lands.
• SGS Laboratories (Lakefield, ON)minorImplementation/ SI/ Consulting PartnerSGS Laboratories conducted metallurgical testwork for the Fenn-Gib Project in 2025. The variability test program evaluated fifty composite samples across head grade range of 0.20 to 9.92 g/t gold to support process plant design and metallurgical recovery expectations.
• Town of Black River-MathesonminorOthersMayfair Gold anticipates a 'good neighbour' agreement with the Town of Black River-Matheson, located approximately 17km from the project. The company expects to utilize and contribute to the town's services and infrastructure during construction and operations.

Scale indicators8 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Generation Mining: Canadian developer advancing the Marathon Palladium-Copper project in Northern Ontario. Highly comparable as a single-asset developer in Ontario led by a team with overlapping talent (Mayfair's CEO Drew Anwyll was previously COO at Generation Mining).
• McEwen Mining: Operates the Black Fox Mine located 10 km from Mayfair's Fenn-Gib project in Ontario. Comparable as an active gold producer in the same Timmins district with overlapping infrastructure, labour pool, and regional geological setting.
• Osisko Mining: Canadian gold developer advancing the Windfall project in Québec. Highly comparable as a single-asset Canadian gold developer at pre-construction stage with a similar large-scale resource base and similar capex profile.
• Argonaut Gold: Junior-to-mid-tier gold producer with producing assets and development projects. Comparable scale and stage, with similar capex and operating cost challenges in advancing projects toward production.
• Wesdome Gold Mines: Canadian-focused gold producer and developer with operations in Ontario and Québec. Comparable as a mid-cap Canadian gold company with similar jurisdictional exposure and mine development/operating profile.

Broad incumbents

• IAMGOLD: Mid-tier gold producer with significant Ontario exposure via the Côté Lake mine and a development pipeline. Comparable as a Canadian-focused gold company operating in similar jurisdictions, with broader portfolio diversification than Mayfair.
• Agnico Eagle Mines: Senior gold producer with major Ontario operations (acquired Kirkland Lake Gold, operator of Detour Lake—the mine built by Mayfair's CEO Drew Anwyll). Comparable as a Canadian-focused gold miner with deep Timmins district presence.
• Barrick Mining Corporation: World's largest gold miner and Mayfair's CFO Kevin Annett's former employer (CFO North America). Comparable as a major gold producer with deep expertise in Abitibi-style deposits and large-capex mine construction.

Emerging players

• Northern Superior Resources: Early-stage Canadian gold explorer. Comparable as an Abitibi Greenstone Belt-focused gold company; Mayfair's VP Exploration Adree DeLazzer was previously VP Exploration at Northern Superior.

Regional players

• Plato Gold Corp. Junior Canadian gold explorer with properties in the Timmins camp (Mayfair acquired Guibord, Marriott, and Holloway properties from Plato for C$2.5M in April 2026). Comparable as a small Ontario gold exploration counterparty.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights8 records

Customer concentration

• Xx.com/MayfairGold
• LinkedInlinkedin.com/company/mayfair-gold
• Instagraminstagram.com/mayfairgoldcorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds6 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mayfair Gold