Mayfair Gold’s PFS Projects C$450M Capex, 2.7-Year Payback
Mayfair Gold released its Q1 2026 operating and financial results and posted full statements on SEDAR+ and EDGAR. Its Fenn-Gib Project PFS forecasts C$450 million initial capital, a 2.7-year payback period and US$896 million free cash flow over the first six years at US$3,100/oz gold.
1. Q1 2026 Operating and Financial Results
Mayfair Gold released its operating and financial results for the quarter ended March 31, 2026, noting that full financial statements and management discussion are available on SEDAR+ and EDGAR for investor review.
2. Fenn-Gib PFS Highlights
The 2026 Pre-Feasibility Study for the Fenn-Gib Project outlines an initial development capital requirement 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, based on a US$3,100 per ounce gold price.
3. Project Advancement and Timeline
The company is progressing permitting, detailed engineering and stakeholder engagement for Fenn-Gib, targeting construction commencement in 2028 and initial gold production in 2030 to establish a new Canadian gold producer.