Mayfair Gold at Mining Forum Americas 2026: a smaller mine, faster path
On September 28, 2026, Mayfair Gold (MFG) presented a strategy for the Fenn-Gib gold project in Ontario at Mining Forum Americas 2026. The company aims to keep the mine small and move quickly through permitting, with production expected by 2030. By targeting production below 5,000 tons per day, Mayfair believes it can stay in the provincial permitting system rather than face a federal review.
The project's feasibility study estimates a defined resource of 4.3 million ounces, with 1 million ounces earmarked for the initial mining phase. Management is confident in their cash position, having secured CAD 300 million in financing debt and holding CAD 20 million in cash reserves. The company is targeting production from 2028 and expects to be among the first to exit Ontario's new One Project, One Process system.
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