Mayfair Gold (NYSE American: MINE) outlines Fenn-Gib mine economics and timeline

Rhea-AI Filing Summary

Mayfair Gold Corp. filed a report highlighting its Q1 2026 operating and financial results and progress on the Fenn-Gib gold project in Ontario. Detailed financial statements and management’s discussion and analysis are available on the company’s website and on SEDAR+ and EDGAR.

The 2026 Pre-Feasibility Study for the 100% owned Fenn-Gib Project outlines 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, based on a US$3,100/oz gold price. Mayfair is advancing permitting, detailed engineering, and stakeholder engagement with a goal of starting construction in 2028 and achieving initial production in 2030.

Insights

Mining project finance analyst

Mayfair details Fenn-Gib economics and long-term build plan.

Mayfair Gold emphasizes the 2026 Pre-Feasibility Study for its Fenn-Gib Project, with initial development capital of C$450 million, a 2.7-year base-case payback, and cumulative free cash flow of US$896 million over six years at a US$3,100/oz gold price.

These figures describe potential economics rather than current cash flows and depend on permitting, engineering, funding, and future gold prices. The company targets construction in 2028 and initial production in 2030, so execution steps and market conditions over that period will be important for how the project ultimately performs.

Key Figures

Initial development capital: C$450 million Payback period: 2.7 years Cumulative free cash flow: US$896 million +3 more

6 metrics

Initial development capital C$450 million Fenn-Gib Project 2026 Pre-Feasibility Study

Payback period 2.7 years Base-case payback for Fenn-Gib Project

Cumulative free cash flow US$896 million First six years of Fenn-Gib production at PFS assumptions

Gold price assumption US$3,100/oz Price used in 2026 Pre-Feasibility Study economics

Planned construction start 2028 Target year to start Fenn-Gib Project construction

Planned initial production 2030 Target year for first production at Fenn-Gib

Key Terms

Pre-Feasibility Study, development-stage gold company, NI 43-101, forward-looking information, +1 more

5 terms

Pre-Feasibility Study financial

"The 2026 Pre-Feasibility Study (the “PFS”) outlines the potential to develop Fenn-Gib"

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.

development-stage gold company financial

"Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project"

NI 43-101 regulatory

"a QP as defined in NI 43-101"

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.

forward-looking information regulatory

"This news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation"

Forward-looking information are predictions, plans, estimates or expectations about a company’s future performance, results or events, such as sales forecasts, project timelines, or anticipated costs. It matters to investors because these statements guide expectations but rely on assumptions and uncertain factors—like a weather forecast for a business—so investors should treat them as informed guesses rather than guarantees and consider the risks and possible changes behind the numbers.

Qualified Person (QP) regulatory

"approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair, a QP as defined in NI 43-101"

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 May 2026

Commission File Number: 001-43060

____________________________________

 

                             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 May 13, 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: May 13, 2026

Mayfair Gold Corp.

By:/s/ Kevin Annett                            

Name:Kevin Annett 

Title: Chief Financial Officer 

 

MAYFAIR GOLD REPORTS Q1 2026 OPERATING AND FINANCIAL RESULTS

Toronto, Ontario, May 13, 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 March 31, 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 April 27, 2026 “Mayfair Gold Provides Update on Project Work in the First Quarter of 2026 Advancing and Derisking the Fenn-Gib Gold Project”.

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. The 2026 Pre-Feasibility Study (the “PFS”) 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 flow 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 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, 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

FAQ

What did Mayfair Gold (MINE) report in its Q1 2026 Form 6-K?

Mayfair Gold reported operating and financial results for the quarter ended March 31, 2026. Full financial statements and management’s discussion and analysis are available on its website and through SEDAR+ and EDGAR, alongside an update on the Fenn-Gib gold project’s development plans.

What are the key economics of Mayfair Gold’s Fenn-Gib Project?

The 2026 Pre-Feasibility Study outlines 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, assuming a US$3,100/oz long-term gold price.

When does Mayfair Gold plan to start construction and production at Fenn-Gib?

Mayfair Gold is advancing permitting, detailed engineering, and stakeholder engagement with the goal of starting construction at the Fenn-Gib Project in 2028 and achieving initial gold production in 2030, according to the development timeline described in the 2026 Pre-Feasibility Study.

What stage of development is Mayfair Gold (MINE) currently in?

Mayfair Gold is described as a Canadian development-stage gold company. It is focused on advancing its 100% controlled Fenn-Gib Project in Northern Ontario through permitting, detailed engineering, and stakeholder engagement based on the parameters defined in the 2026 Pre-Feasibility Study.

What gold price assumption underpins Mayfair Gold’s Fenn-Gib Pre-Feasibility Study?

The Fenn-Gib Project’s 2026 Pre-Feasibility Study uses a gold price assumption of US$3,100 per ounce. This price underlies the projected 2.7-year payback period and estimated US$896 million in cumulative free cash flow over the first six years of planned production.

Who approved the technical content in Mayfair Gold’s Q1 2026 news release?

The technical content was reviewed and approved by Drew Anwyll, P.Eng., Mayfair Gold’s Chief Executive Officer. He is identified as a Qualified Person (QP) as defined under Canada’s NI 43-101, which governs disclosure standards for mineral project information.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 EXHIBIT 99.1 7.3 KB