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Mayfair Gold (OTC: MINE) details Fenn-Gib project scale and 2026 PFS outlook

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Mayfair Gold Corp. reported operating and financial results for the quarter ended June 30, 2026 and reiterated the development plan for its 100% controlled Fenn-Gib gold project in the Timmins region of Northern Ontario.

Fenn-Gib hosts an indicated mineral resource of 4.3 million ounces of gold (181.3Mt at 0.74 g/t) and an expected development strategy, as outlined in the 2026 Pre-Feasibility Study, that targets a near-surface 1 million ounce probable mineral reserve (25.1Mt at 1.29 g/t). The study contemplates 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 at a US$3,100/oz gold price.

The company is advancing permitting, detailed engineering, and stakeholder engagement with a goal of starting construction in 2028 and achieving initial production in 2030, while continuing exploration across the broader land package to support potential resource growth.

Positive

  • PFS economics show substantial projected cash generation, with cumulative free cash flow of US$896 million over the first six years of production at a US$3,100/oz gold price, compared with initial development capital of C$450 million.

Negative

  • None.
Indicated mineral resource 4.3 million ounces of gold Fenn-Gib Project, 181.3Mt at 0.74 g/t
Probable mineral reserve 1 million ounces of gold 25.1Mt at 1.29 g/t near-surface targeted in initial strategy
Initial development capital C$450 million Estimated in 2026 Pre-Feasibility Study for Fenn-Gib
Payback period 2.7 years Base-case payback from initial development capital in PFS
Cumulative free cash flow US$896 million Projected over first six years of production at US$3,100/oz gold
Gold price assumption US$3,100/oz Base-case gold price used in Fenn-Gib PFS economics
Target construction start 2028 Company goal for commencing construction at Fenn-Gib
Target initial production 2030 Company goal for first gold production from Fenn-Gib
indicated mineral resource financial
"Fenn-Gib hosts a 4.3 million ounce indicated mineral resource of gold"
A quantified portion of a mineral deposit where geological evidence and sampling give a reasonable level of confidence in the quantity, grade and continuity of the minerals — think of it as a well-marked stretch on a treasure map rather than a vague hunch. It matters to investors because it provides a credible estimate that can be used for preliminary economic studies and valuation, reducing uncertainty compared with less-certain resource categories.
probable mineral reserve financial
"targeting the higher-grade 1 million ounce probable mineral reserve"
A probable mineral reserve is the portion of a mineral deposit that geologists and engineers judge likely to be economically mineable based on available data and reasonable assumptions about extraction, costs and market conditions; it carries a moderate level of confidence, higher than a resource estimate but lower than a proven reserve. Investors care because it represents the amount of commodity a company can reasonably expect to convert into saleable product—like a cautiously optimistic shopping list that helps estimate future production, revenue and project risk.
Pre-Feasibility Study financial
"outlined in the 2026 Pre-Feasibility Study (the “PFS”)"
A pre-feasibility study is an initial assessment that evaluates whether a proposed project or investment idea is worth exploring further. It involves examining basic factors like costs, potential benefits, and possible challenges, similar to conducting a preliminary check before deciding to invest more time and resources. This helps investors determine if pursuing the project further is practical and likely to be successful.
free cash flow financial
"cumulative free cash flow of US$896 million over the first six years"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
provincial permitting process regulatory
"develop the project under the provincial permitting process"
NI 43-101 regulatory
"Fenn-Gib Gold Project NI 43-101 Technical Report and pre-Feasibility Study"
A Canadian regulatory standard that sets the rules for how mining and exploration companies must report mineral resources and reserves, requiring technical reports prepared or signed off by an independent, certified expert. It matters to investors because it creates a consistent, transparent “inspection report” for mining projects, making it easier to compare prospects, judge the reliability of claims, and assess geological and financial risk before investing.

FAQ

What is Mayfair Gold (MINE) reporting in its August 2026 update?
Mayfair Gold is reporting its Q2 2026 operating and financial results and providing an update on the Fenn-Gib Project, including resource size, reserves, and key economic metrics from the 2026 Pre-Feasibility Study.

How large is Mayfair Gold’s Fenn-Gib resource according to the 6-K for MINE?
The Fenn-Gib Project hosts an indicated mineral resource of 4.3 million ounces of gold, based on 181.3Mt grading 0.74 g/t, highlighting the scale of the deposit within the Timmins region of Northern Ontario.

What reserves does Mayfair Gold (MINE) plan to target first at Fenn-Gib?
Mayfair Gold’s expected strategy is to initially target a 1 million ounce probable mineral reserve, representing 25.1Mt at 1.29 g/t, located near surface, which supports an early focus on higher-grade material in the development plan.

What are the key economic assumptions in Mayfair Gold’s Fenn-Gib PFS for MINE?
The Pre-Feasibility Study outlines C$450 million in initial development capital, a 2.7-year base-case payback period, and US$896 million in cumulative free cash flow over six years, assuming a US$3,100/oz gold price.

When does Mayfair Gold (MINE) aim to start construction and production at Fenn-Gib?
Mayfair Gold is advancing permitting and engineering with the goal of starting construction in 2028 and achieving initial gold production in 2030, subject to permitting, development progress, and other project considerations.

Is Mayfair Gold (MINE) still exploring beyond the main Fenn-Gib deposit?
Yes. The company remains focused on exploration across the broader land package around Fenn-Gib, aiming to enhance mineral resource scale and growth opportunities beyond the currently defined 4.3 million ounce indicated resource.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 6-K: How Foreign Companies Report to the SEC →

__________________________________________________________________________________________________________________

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

_____________________________________

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number: 001-43060

 

____________________________________

Picture 1 

                             Mayfair Gold Corp.                       
(Translation of registrant’s name into English)

489 McDougall Street
           Matheson, Ontario P0K 1N0, Canada          
(Address of principal executive office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

☐ Form 20-F          ⌧ Form 40-F

 

____________________________________________________________________________

- 2 -

 

DOCUMENTS FILED AS PART OF THIS FORM 6-K

Exhibit

Description 

99.1

News Release, dated August 12, 2026

 

 

 

 

 

 

 

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: August 12, 2026

 

Mayfair Gold Corp.

 

 

By:/s/ Kevin Annett                            

Name:Kevin Annett 

Title: Chief Financial Officer 

Picture 2 

MAYFAIR GOLD REPORTS Q2 2026 OPERATING AND FINANCIAL RESULTS

 

Toronto, Ontario, August 12, 2026 – Mayfair Gold Corp. (“Mayfair”, “Mayfair Gold”, or the “Company”) (TSXV: MFG, NYSE American: MINE) is pleased to report its operating and financial results for the quarter ended June 30, 2026. The full version of the financial statements and accompanying management’s discussion and analysis can be viewed on the Company’s website at www.mayfairgold.ca or under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. For a detailed update on project work completed during the quarter, refer to the news release issued July 23, 2026 “Mayfair Gold Provides Q2 Update on Fenn-Gib Project Advancement and Derisking Activities”.

 

About Mayfair Gold

Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. Fenn-Gib hosts a 4.3 million ounce indicated mineral resource of gold (181.3Mt at an average grade of 0.74 g/t) and the expected strategy outlined in the 2026 Pre-Feasibility Study (the “PFS”)1 is to develop the project under the provincial permitting process, targeting the higher-grade 1 million ounce probable mineral reserve (25.1Mt at an average grade of 1.29g/t) sitting near-surface, highlighting the optionality and scalability provided by the deposit.  The PFS also outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow2 of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030. The company also remains focused on exploration around the

1 Please refer to the technical report entitled “Fenn-Gib Gold Project NI 43-101 Technical Report and pre-Feasibility Study” dated effective December 19, 2025 available on SEDAR+ at www.sedarplus.ca for further details.

2 Free cash flow does not have a standardized meaning and may not be comparable to similar

measures presented by other issuers, referred to as non-GAAP financial measures. As the Corporation is not in production, the Corporation does not have historical non-GAAP financial measures nor historical comparable measures under IFRS, and therefore the foregoing prospective non-GAAP financial measures may not be reconciled to the nearest comparable measures under IFRS.

broader land package with the goal of enhancing mineral resource scale and growth opportunities.

The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair, a QP as defined in NI 43-101.

 

Cautionary Note Regarding Forward-Looking Information

This news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, “forward-looking information”). The use of the words “will” and “expected” and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, the expected strategy to develop the project under the provincial permitting process, targeting the higher-grade 1-million-ounce mineral reserve, building and operating the Fenn-Gib Project, and all disclosure related to the PFS, including expected commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company’s current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws.  

 

Neither the TSX Venture Exchange (“TSXV”) nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

 

For further information, please visit www.mayfairgold.ca or direct enquiries to:

Drew Anwyll, P.Eng.
CEO, Mayfair Gold Corp.
489 McDougall St

Matheson, ON P0K 1N0 Canada
+1 (855) 350-5600
info@mayfairgold.ca

Source: View Original Filing on SEC EDGAR

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