Mayfair Gold Files Technical Report for Fenn-Gib Gold Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Source: Yahoo Finance
- Technical Report Submission: Mayfair Gold Corp. has filed a technical report for the Fenn-Gib Gold Project in accordance with National Instrument 43-101, indicating a mineral resource estimate of 181.3 million tonnes containing 4.3 million ounces of gold, highlighting the project's strong economic potential.
- Resource Estimate Update: As of September 3, 2024, the Fenn-Gib project hosts an indicated resource of 181.3 million tonnes and an inferred resource of 8.92 million tonnes, underscoring its significance in gold mining development and potentially attracting more investor interest.
- Executive Semi-Retirement: VP of Technical Services Richard Klue announced his semi-retirement on January 14, 2026, planning to assist the company on an hourly basis, ensuring continued support for the project while exploring non-executive opportunities.
- Future Outlook: The company anticipates completing environmental approvals and engineering design within the next two to three years, aiming to start construction in 2028 and achieve initial production by 2030, demonstrating the project's rapid advancement and market potential.
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Analyst Views on MFG
Wall Street analysts forecast MFG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MFG is 38.88 USD with a low forecast of 38.88 USD and a high forecast of 38.88 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 8.630
Low
38.88
Averages
38.88
High
38.88
Current: 8.630
Low
38.88
Averages
38.88
High
38.88
About MFG
Mizuho Financial Group Inc is a Japan-based company mainly engaged in the banking, trust banking, securities, and other financial services. The Company operates through five business segments: Retail & Business Corporations Company (RBC), Corporate & Investment Banking Company (CIBC), Global Corporate & Investment Banking Company (GCIBC), Global Markets Company (GMC), and Asset Management Company (AMC). The CIBC segment operates for clients of large corporate corporations, financial corporations and public corporations in Japan. The GCIBC segment operates for clients of overseas-affiliated Japanese companies and non-Japanese companies. The GMC segment is engaged in investment business in interest rates, equity, among others. The AMC segment is engaged in the development and provision of products that meet the asset management needs of clients from individuals to institutional investors.
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.
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Mayfair Gold Files Technical Report for Fenn-Gib Gold Project
- Technical Report Submission: Mayfair Gold Corp. has filed a technical report for the Fenn-Gib Gold Project in accordance with National Instrument 43-101, indicating a mineral resource estimate of 181.3 million tonnes containing 4.3 million ounces of gold, highlighting the project's strong economic potential.
- Resource Estimate Update: As of September 3, 2024, the Fenn-Gib project hosts an indicated resource of 181.3 million tonnes and an inferred resource of 8.92 million tonnes, underscoring its significance in gold mining development and potentially attracting more investor interest.
- Executive Semi-Retirement: VP of Technical Services Richard Klue announced his semi-retirement on January 14, 2026, planning to assist the company on an hourly basis, ensuring continued support for the project while exploring non-executive opportunities.
- Future Outlook: The company anticipates completing environmental approvals and engineering design within the next two to three years, aiming to start construction in 2028 and achieve initial production by 2030, demonstrating the project's rapid advancement and market potential.
Continue Reading