Mayfair Gold Appoints New CFO Kevin Annett
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 07 2026
0mins
Should l Buy MINE?
Source: Yahoo Finance
- Executive Appointment: Mayfair Gold has appointed Kevin Annett as Chief Financial Officer effective April 7, 2026, bringing over 15 years of mining finance experience, including his recent role as CFO of North America at Barrick Mining, which is expected to significantly support the construction and production of the Fenn-Gib project.
- Financing Plan: Annett will invest approximately $250,000 through a non-brokered private placement, which is expected to be used to advance the Fenn-Gib gold project in Ontario, highlighting the company's commitment to the project and its potential economic benefits.
- Share Issuance: The private placement will result in the issuance of 58,000 shares to Annett at a price of $4.38 per share, reflecting the latest closing price on TSX-V, which is anticipated to provide funding support for further project development.
- Option Incentives: The company has also granted Annett 250,000 stock options with a strike price of $4.38, vesting over five years, aimed at incentivizing his contributions to unlocking the value of the Fenn-Gib project.
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Analyst Views on MINE
Wall Street analysts forecast MINE stock price to rise
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Current: 3.200
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Current: 3.200
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About MINE
Mayfair Gold Corp. is a Canada-based mineral exploration company. The Company is focused on advancing its 100% controlled Fenn-Gib gold project, located in Guibord and Munro Townships in northeast Ontario, approximately 80 kilometers east of Timmins. Its Fenn-Gib gold project consists of approximately 4,800 hectares. Its Fenn-Gib gold project consists of approximately 21 fee simple patented properties, 153 patented leasehold mining claims and 144 unpatented mining claims located in the Guidbord, Munro, Michaud and McCool Townships in northeast Ontario, Canada. The Fenn-Gib Project comprises two property packages, referred to as the Fenn-Gib North and South Blocks, which are separated by approximately three kilometers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Mayfair Gold Completes Private Placement with CFO
- Private Placement Completion: Mayfair Gold Corp. has successfully completed a private placement with CFO Kevin Annett, who acquired 58,000 common shares at C$4.38 per share, raising gross proceeds of C$254,040, which will be directed towards advancing the Fenn-Gib gold project in Ontario.
- Related Party Transaction Disclosure: As Annett is an insider, his share acquisition is classified as a related party transaction under Multilateral Instrument 61-101, allowing the company to rely on exemptions from formal valuation and minority shareholder approval requirements, streamlining the financing process.
- Project Development Outlook: The pre-feasibility study for the Fenn-Gib project indicates an initial development capital requirement of C$450 million, with an expected cumulative free cash flow of C$896 million over the first six years, highlighting the project's strong economic potential.
- Construction Timeline: The company aims to commence construction in 2028 and anticipates starting production in 2030, reflecting a positive outlook on future gold market conditions and demonstrating strategic positioning in resource development.
See More
Mayfair Gold Appoints New CFO Kevin Annett
- Executive Appointment: Mayfair Gold has appointed Kevin Annett as Chief Financial Officer effective April 7, 2026, bringing over 15 years of mining finance experience, including his recent role as CFO of North America at Barrick Mining, which is expected to significantly support the construction and production of the Fenn-Gib project.
- Financing Plan: Annett will invest approximately $250,000 through a non-brokered private placement, which is expected to be used to advance the Fenn-Gib gold project in Ontario, highlighting the company's commitment to the project and its potential economic benefits.
- Share Issuance: The private placement will result in the issuance of 58,000 shares to Annett at a price of $4.38 per share, reflecting the latest closing price on TSX-V, which is anticipated to provide funding support for further project development.
- Option Incentives: The company has also granted Annett 250,000 stock options with a strike price of $4.38, vesting over five years, aimed at incentivizing his contributions to unlocking the value of the Fenn-Gib project.
See More
Mayfair Gold RSI Analysis Indicates Potential Buy Opportunity
- RSI Indicator Insight: Mayfair Gold Corp's RSI stands at 29.6, significantly lower than the average RSI of 39.1 for metals and mining stocks, indicating potential oversold conditions that may attract bullish investors looking for buying opportunities.
- Price Range Analysis: The company's 52-week low is $1 per share, with a high of $4.88, while the last trade was at $3.36, suggesting the stock is trading near its median, which may appeal to value-seeking investors.
- Market Performance Observation: Mayfair Gold Corp shares are down approximately 1.2% on the day; however, this decline may be viewed as a short-term fluctuation, especially as the RSI indicates oversold conditions that could lead to a rebound.
- Investor Sentiment Shift: With the RSI nearing 30, investors might perceive that the recent selling pressure is waning, prompting them to seek entry points, which could catalyze a price recovery.
See More
Mayfair Gold Completes Private Placement with CFO
- Private Placement Completion: Mayfair Gold Corp. has successfully completed a private placement with CFO Kevin Annett, who acquired 58,000 common shares at C$4.38 per share, raising gross proceeds of C$254,040, which will be directed towards advancing the Fenn-Gib gold project in Ontario.
- Related Party Transaction Disclosure: As Annett is an insider, his share acquisition is classified as a related party transaction under Multilateral Instrument 61-101, allowing the company to rely on exemptions from formal valuation and minority shareholder approval requirements, streamlining the financing process.
- Project Development Outlook: The pre-feasibility study for the Fenn-Gib project indicates an initial development capital requirement of C$450 million, with an expected cumulative free cash flow of C$896 million over the first six years, highlighting the project's strong economic potential.
- Construction Timeline: The company aims to commence construction in 2028 and anticipates starting production in 2030, reflecting a positive outlook on future gold market conditions and demonstrating strategic positioning in resource development.
See More
Mayfair Gold Appoints New CFO Kevin Annett
- Executive Appointment: Mayfair Gold has appointed Kevin Annett as Chief Financial Officer effective April 7, 2026, bringing over 15 years of mining finance experience, including his recent role as CFO of North America at Barrick Mining, which is expected to significantly support the construction and production of the Fenn-Gib project.
- Financing Plan: Annett will invest approximately $250,000 through a non-brokered private placement, which is expected to be used to advance the Fenn-Gib gold project in Ontario, highlighting the company's commitment to the project and its potential economic benefits.
- Share Issuance: The private placement will result in the issuance of 58,000 shares to Annett at a price of $4.38 per share, reflecting the latest closing price on TSX-V, which is anticipated to provide funding support for further project development.
- Option Incentives: The company has also granted Annett 250,000 stock options with a strike price of $4.38, vesting over five years, aimed at incentivizing his contributions to unlocking the value of the Fenn-Gib project.
See More
Mayfair Gold RSI Analysis Indicates Potential Buy Opportunity
- RSI Indicator Insight: Mayfair Gold Corp's RSI stands at 29.6, significantly lower than the average RSI of 39.1 for metals and mining stocks, indicating potential oversold conditions that may attract bullish investors looking for buying opportunities.
- Price Range Analysis: The company's 52-week low is $1 per share, with a high of $4.88, while the last trade was at $3.36, suggesting the stock is trading near its median, which may appeal to value-seeking investors.
- Market Performance Observation: Mayfair Gold Corp shares are down approximately 1.2% on the day; however, this decline may be viewed as a short-term fluctuation, especially as the RSI indicates oversold conditions that could lead to a rebound.
- Investor Sentiment Shift: With the RSI nearing 30, investors might perceive that the recent selling pressure is waning, prompting them to seek entry points, which could catalyze a price recovery.
See More
