Mayfair Gold names Pierre Beaudoin strategic advisor
Mayfair Gold Corp. has appointed veteran mining executive Pierre Beaudoin as Strategic Advisor to support development of its 100% controlled Fenn-Gib gold project in Northern Ontario.
Rhea-AI Filing Summary
Mayfair Gold Corp. has appointed veteran mining executive Pierre Beaudoin as Strategic Advisor to support development of its 100% controlled Fenn-Gib gold project in Northern Ontario. Beaudoin brings 40 years of mineral processing, construction and operating experience from roles at SilverCrest Metals, Detour Gold and Barrick Gold, and currently chairs Radisson Mining Resources and serves on the board of Coeur Mining.
He will provide senior technical and strategic guidance on plant design, construction readiness, risk management and permitting as Mayfair advances Fenn-Gib toward construction. As compensation, he received 100,000 options with a strike price of C$5.36 per share, expiring on February 3, 2031, and may participate in the company’s omnibus equity incentive program.
The company highlights pre-feasibility study metrics for Fenn-Gib, including initial development capital of $450 million, a base case payback period of 2.7 years and cumulative free cash flow of $896 million over the first six years of production at a US$3,100/oz gold price, with a stated goal of starting construction in 2028 and initial production in 2030.
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FAQ
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What did Mayfair Gold Corp. (MFGCD) announce in this Form 6-K?
Who is Pierre Beaudoin and what experience does he bring to Mayfair Gold (MFGCD)?
What compensation is Mayfair Gold granting to Pierre Beaudoin as Strategic Advisor?
What are the key economics of Mayfair Gold’s Fenn-Gib Project mentioned in the filing?
What development timeline does Mayfair Gold target for the Fenn-Gib Project?
How is Pierre Beaudoin expected to contribute to the Fenn-Gib Project for Mayfair Gold?
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