Mayfair Gold Reports Q3 2026 Operating and Financial Results
Key Highlights
- ➤C$25.6 million pro forma liquidity includes C$15.6 million quarter-end cash
- ➤Macquarie investment included non-binding term sheet for up to C$300 million financing
- ➤Fenn-Gib hosts 4.3 million ounces indicated gold resources at 0.74 g/t
- ➤2026 PFS targets 1 million ounce probable reserve near surface
- ➤Fenn-Gib targets construction in 2028 and initial production in 2030
Expert Statements
Kevin Annett, CFO of Mayfair Gold Corp.
“With C$15.6 million in cash at quarter end, an additional C$10 million received from Macquarie subsequent to quarter end as part of its strategic placement, and Fenn-Gib's designation under Ontario's One Project One Process (1P1P), we are well funded and well positioned heading into 2027. Macquarie's investment came alongside a non-binding term sheet for up to C$300 million in project financing, with C$25 million available for early drawdown once binding. Our experienced team continues to execute on the catalysts that create shareholder value as we advance Fenn-Gib towards a construction decision.”
Toronto, Ontario--(Newsfile Corp. - November 12, 2026) - Mayfair Gold Corp. (TSXV: MFG) (NYSE American: MINE) ("Mayfair", "Mayfair Gold", or the "Company") is pleased to report its operating and financial results for the quarter ended September 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.
Pro forma liquidity of approximately C$25.6 million, comprising Cash and Cash Equivalents of C$15.6 million as at September 30, 2026 and approximately C$10.0 million in gross proceeds received subsequent to quarter end from the previously announced strategic investment by Macquarie Bank Limited, which closed on October 14, 2026.
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