Mayfair Gold (MFG) Stock Overview

Engages in the acquisition, exploration, development, and operation of mineral properties in Canada. More details

MFG fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	6/6
Dividends	0/6

Risk Analysis

Makes less than USD$1m in revenue (CA$0)

Earnings are forecast to decline by an average of 8% per year for the next 3 years

Shareholders have been diluted in the past year

Currently unprofitable and not forecast to become profitable over the next 3 years

MFG Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

Mayfair Gold Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Mayfair Gold
Historical stock prices
Current Share Price	CA$3.25
52 Week High	CA$6.65
52 Week Low	CA$3.20
Beta	0.27
1 Month Change	-18.14%
3 Month Change	-21.50%
1 Year Change	-6.61%
3 Year Change	-28.41%
5 Year Change	36.55%
Change since IPO	-23.35%

Recent updates

Analysis Article • Apr 18

Here's Why We're Watching Mayfair Gold's (CVE:MFG) Cash Burn Situation

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining...

Analysis Article • Sep 24

Companies Like Mayfair Gold (CVE:MFG) Could Be Quite Risky

There's no doubt that money can be made by owning shares of unprofitable businesses. For example, although...

Shareholder Returns

	MFG	CA Metals and Mining	CA Market
7D	-12.6%	-11.8%	-1.8%
1Y	-6.6%	59.2%	30.6%

Return vs Industry: MFG underperformed the Canadian Metals and Mining industry which returned 59.2% over the past year.

Return vs Market: MFG underperformed the Canadian Market which returned 30.6% over the past year.

Price Volatility

Is MFG's price volatile compared to industry and market?
MFG volatility
MFG Average Weekly Movement	6.2%
Metals and Mining Industry Average Movement	11.1%
Market Average Movement	9.8%
10% most volatile stocks in CA Market	16.4%
10% least volatile stocks in CA Market	3.7%

Stable Share Price: MFG has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: MFG's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2019	n/a	Drew Anwyll	mayfairgold.ca

Mayfair Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in Canada. It primarily explores for gold deposits. Its flagship project is the 100%-owned Fenn-Gib gold project, which comprises 21 fee simple patented properties, 145 unpatented mining claims, and six mining lease properties covering an area of 1,877.8 hectares located in the Guibord, Munro, Michaud, and McCool Townships in northeast Ontario.

Mayfair Gold Corp. Fundamentals Summary

How do Mayfair Gold's earnings and revenue compare to its market cap?
MFG fundamental statistics
Market cap	CA$226.26m
Earnings (TTM)	-CA$15.47m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-14.1x

P/E Ratio

Is MFG overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
MFG income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$15.47m
Earnings	-CA$15.47m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	-0.23
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did MFG perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/24 06:45
End of Day Share Price	2026/06/24 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Mayfair Gold Corp. is covered by 1 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Bereket Berhe	Beacon Securities Limited

Mayfair Gold (MFG) Stock Overview

Risk Analysis

Mayfair Gold Corp. Competitors

Cerrado Gold

Roxmore Resources

Revival Gold

STLLR Gold

Price History & Performance

Recent News & Updates

Chief Executive Officer recently bought CA$263k worth of stock

Mayfair Gold Corp Reports Final Results and Analysis from Grade Control Drilling Program

Mayfair Gold Corp. Appoints Ayaz Kassam to Director of Projects

Mayfair Gold Corp. Advances District-Scale Exploration Strategy

Mayfair Gold Corp. Announces CEO Changes

Mayfair Gold Corp., Annual General Meeting, Jun 25, 2026

Recent updates

Chief Executive Officer recently bought CA$263k worth of stock

Mayfair Gold Corp Reports Final Results and Analysis from Grade Control Drilling Program

Mayfair Gold Corp. Appoints Ayaz Kassam to Director of Projects

Mayfair Gold Corp. Advances District-Scale Exploration Strategy

Mayfair Gold Corp. Announces CEO Changes

Mayfair Gold Corp., Annual General Meeting, Jun 25, 2026

Mayfair Gold Corp. announced that it has received CAD 0.25404 million in funding

Key Executive recently bought CA$72k worth of stock

Mayfair Gold Corp. Appoints Kevin Annett as Chief Financial Officer, Effective April 7, 2026

Chief Operating Officer recently bought CA$164k worth of stock

Mayfair Gold Corp. Announces the Initial Results from the 2025 Grade Control Drilling Program At the Fenn-Gib Project in Northern Ontario

Mayfair Gold Corp. Submits Fenn-Gib Gold Project Notice of Project Status

Mayfair Gold Corp. Delivers Robust Pre-Feasibility Study for the Fenn-Gib Gold Project

New minor risk - Shareholder dilution

Mayfair Gold Corp. announced that it has received CAD 35.00145 million in funding from Oaktree Capital Management, L.P. and other investors

Mayfair Gold Corp., Annual General Meeting, Sep 04, 2025

Mayfair Gold Corp. Provides Details on Open Pit Design Consideration and Confidence Drill Program to Support Preparation of Fenn-Gib Pre-Feasibility Study

Mayfair Gold Corp. Provides Update on 2025 Metallurgical Test Results Supporting the Fenn-Gib Pre-Feasibility Study

New major risk - Financial position

Chief Operating Officer recently bought CA$52k worth of stock

Mayfair Gold Names Drew Anwyll as Chief Operating Officer, Effective March 1, 2025

Mayfair Gold Corp Announces CEO Changes

Mayfair Gold Corp. announced that it has received CAD 6.012 million in funding from Muddy Waters Capital LLC and other investors

Mayfair Gold Corp. announced that it expects to receive CAD 6.012 million in funding from Muddy Waters Capital LLC and other investors

Mayfair Gold Corp. Reports Mineral Resource Estimate At Fenn-Gib Gold Project

Mayfair Gold Corp. Announces Board Changes

Mayfair Gold Corp. Announces CFO Changes

Vice President of Exploration recently sold CA$223k worth of stock

Mayfair Gold Corp. Approves Management Appointments

Mayfair Gold Corp. Defeats Muddy Waters Capital LLC's Meritless Lawsuit

President exercised options to buy CA$2.9m worth of stock.

Vice President of Exploration recently sold CA$127k worth of stock

Insufficient new directors

Mayfair Gold Corp. Obtains Ex Parte Order by Muddy Waters Capital LLC in the Supreme Court of British Columbia

Vice President of Exploration recently sold CA$69k worth of stock

Mayfair Gold Corp. Provides Update on Fenn-Gib Gold Project

Vice President of Exploration recently sold CA$112k worth of stock

Vice President of Exploration exercised options to buy CA$347k worth of stock.

Vice President of Exploration recently sold CA$107k worth of stock

Mayfair Gold Corp., Annual General Meeting, Jun 05, 2024

Here's Why We're Watching Mayfair Gold's (CVE:MFG) Cash Burn Situation

Mayfair Gold Corp. Announces Further Drill Results from the Higher-Grade Footwall Zone Located Approximately 100 Meters to the Northwest of the Fenn-Gib Gold Deposit

Muddy Waters Releases Letter to Shareholders of Mayfair Gold

Mayfair Gold Corp Receives a Notice from Muddy Waters Capital LLC

Mayfair Gold Corp. Announces Resignation of Sean Pi as Director

Mayfair Gold Drills 3.14 g/t Au Over 10.0m Including 15.94 g/t Au Over 1.0m at Fenn-Gib Footwall Zone

Mayfair Gold Corp. Announces Successful Completion of Fenn-Gib Geotechnical Study

Mayfair Gold Corp. announced that it expects to receive CAD 10.9977 million in funding

Mayfair Gold Corp. Announces Further Drill Results from the Higher-Grade Footwall Zone Located Approximately 100 Meters to the North of the Fenn-GIB Gold Deposit

Mayfair Gold Corp. Makes New Discovery At Fenn-Gib Gold Project

New major risk - Financial position

Mayfair Gold Corp. Reports Positive Results from Ongoing Metallurgical Testing

Mayfair Gold Corp. Completes Fenn-Gib Geotechnical and Hydrogeology Field Campaign

Mayfair Gold Corp. Fenn-Gib Project Maintains Carbon Neutrality for 2022

Mayfair Gold Corp. Increases Fenn-Gib Open-Pit Indicated Resource Estimate to 3.38M Ounces and Reports Inferred Resource of 0.16M Ounces

Mayfair Gold Corp. announced that it has received CAD 3.02575 million in funding from Muddy Waters Capital LLC and another investor

Mayfair Gold Corp. announced that it expects to receive CAD 3.02575 million in funding

Mayfair Gold Reports Positive Advanced Metallurgical Test Results for Fenn-Gib Deposit, Ontario

Mayfair Gold Corp. announced that it has received CAD 3.45 million in funding

Mayfair Gold Corp. Announces Resource Drilling Recommence At Its Fenn-Gib Gold Project

Mayfair Gold Drills 1.40 G/T Gold over 65.0M from Fenn-Gib Expansion Drill Program

Mayfair Gold Corp. Announces Ninth Set of Drill Results for 2022 from the Fenn-Gib Drill Program

Mayfair Gold Reports 1.10 G/T Gold over 366.7M from Near-Surface, Including 5.66 G/T Au over 16.0M from Fenn-Gib Drill Program

Mayfair Gold Corp. announced that it expects to receive CAD 7.97 million in funding