Mayfair Gold Balance Sheet Health

Financial Health criteria checks 6/6

Mayfair Gold has a total shareholder equity of CA$19.8M and total debt of CA$0.0, which brings its debt-to-equity ratio to 0%. Its total assets and total liabilities are CA$20.2M and CA$388.3K respectively.

Key information

Debt to equity ratio

CA$0

Debt

Interest coverage ratio	n/a
Cash	CA$5.40m
Equity	CA$19.85m
Total liabilities	CA$388.26k
Total assets	CA$20.24m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MFGC.F's short term assets (CA$5.8M) exceed its short term liabilities (CA$388.3K).

Long Term Liabilities: MFGC.F has no long term liabilities.

Debt to Equity History and Analysis

Debt Level: MFGC.F is debt free.

Reducing Debt: MFGC.F has not had any debt for past 5 years.

Balance Sheet

Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MFGC.F has sufficient cash runway for 4 months based on last reported free cash flow, but has since raised additional capital.

Forecast Cash Runway: MFGC.F is forecast to have sufficient cash runway for 4 months based on free cash flow estimates, but has since raised additional capital.

Mayfair Gold Balance Sheet Health

Financial Health criteria checks 6/6

Key information

Recent financial health updates

Recent updates

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

Mayfair Appoints Darren Mclean as Interim CEO

Mayfair Gold Corp. Approves Management Appointments

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

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

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

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

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

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

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

Mayfair Gold Corp. Reports High-Grade Results from Fenn-Gib Drill Program, Including Ultra High-Grade Gold Intercept of 225 G/T (7.2 oz/t) over 1.5M

Mayfair Gold Increases Fenn-Gib Open Pit Indicated Resource by 47% to 3.06M Ounces and Inferred Resource by 315% to 0.31M Ounces

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

Mayfair Gold Completes Fenn-Gib North Block Phase 1 Regional Drill Program

Mayfair Gold Corp. Announces Further Results from Fenn-Gib Expansion Drill Program

Mayfair Gold Corp. Announces Completion of the 80,000-Meter Phase 1/2 Infill and Expansion Drill Program at its 100%-Controlled Fenn-Gib Project

Mayfair Gold Corp. announced that it has received CAD 7.009 million in funding

Mayfair Gold Corp. Drills 6.53 G/T Gold over 17.5m Within 49.0m At 2.88 G/T Gold At Fenn-Gib Footwall Zone

Mayfair Gold Corp. announced that it expects to receive CAD 7.009 million in funding

Mayfair Gold Corp. Announces Further Results from the Fenn-Gib Expansion Drill Program

Mayfair Gold Corp. Completes Fenn-Gib South Block Phase 1 Drill Program

Mayfair Gold Corp. Announces 100% Controlled Fenn-Gib Project

Mayfair Gold Reports 1.31 g/t Gold over 78.3M Within 134.2M At 0.93 g/t Gold from Fenn-Gib Expansion Drill Program

Mayfair Gold Corp. Advances Regional Exploration at Fenn-Gib Project, Ontario

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

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Cash Runway Analysis

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