Mayfair Gold Files Technical Report for Fenn-Gib Project with 4.3 Million Ounces Resource Estimate
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Should l Buy MFG?
Source: PRnewswire
- Technical Report Submission: On January 15, 2026, Mayfair Gold submitted a technical report for the Fenn-Gib Project in accordance with NI 43-101 standards, revealing a resource estimate of 4.3 million ounces of gold, marking a significant advancement in the company's mining development efforts.
- Resource Estimate Details: The Fenn-Gib Project currently hosts an estimated 181.3 million tonnes of mineral resources at a grade of 0.74 g/t Au, indicating strong economic potential that is likely to attract increased investor interest.
- Executive Semi-Retirement: VP of Technical Services Richard Klue announced his semi-retirement on January 14, 2026, opting to assist Mayfair on an hourly basis, ensuring the project's continued progress while exploring non-executive opportunities.
- Future Development Plans: The company aims to advance environmental approvals and engineering design within the next 2-3 years, targeting construction start in 2028 and initial production by 2030, reflecting confidence in the gold market and strategic positioning.
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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: 9.000
Low
38.88
Averages
38.88
High
38.88
Current: 9.000
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.
See More
Mayfair Gold Files Technical Report for Fenn-Gib Project with 4.3 Million Ounces Resource Estimate
- Technical Report Submission: On January 15, 2026, Mayfair Gold submitted a technical report for the Fenn-Gib Project in accordance with NI 43-101 standards, revealing a resource estimate of 4.3 million ounces of gold, marking a significant advancement in the company's mining development efforts.
- Resource Estimate Details: The Fenn-Gib Project currently hosts an estimated 181.3 million tonnes of mineral resources at a grade of 0.74 g/t Au, indicating strong economic potential that is likely to attract increased investor interest.
- Executive Semi-Retirement: VP of Technical Services Richard Klue announced his semi-retirement on January 14, 2026, opting to assist Mayfair on an hourly basis, ensuring the project's continued progress while exploring non-executive opportunities.
- Future Development Plans: The company aims to advance environmental approvals and engineering design within the next 2-3 years, targeting construction start in 2028 and initial production by 2030, reflecting confidence in the gold market and strategic positioning.
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- Price Performance: Nomura closed at $9.39 on Thursday, up 1.4% from the previous trading day, but the high RSI value may signal caution for investors.
- Mizuho Financial Update: Mizuho Financial's RSI stands at 84.8, also reflecting a 15% increase over the past month, with a 52-week high of $8.59, indicating strong market performance but also potential overbought risks.
- Community Investment: On January 5, Mizuho announced $1 million in grants through the Mizuho USA Foundation to support young adults in gaining technology skills and career pathways, enhancing its brand image and community engagement.
See More
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.
See More
Mayfair Gold Files Technical Report for Fenn-Gib Project with 4.3 Million Ounces Resource Estimate
- Technical Report Submission: On January 15, 2026, Mayfair Gold submitted a technical report for the Fenn-Gib Project in accordance with NI 43-101 standards, revealing a resource estimate of 4.3 million ounces of gold, marking a significant advancement in the company's mining development efforts.
- Resource Estimate Details: The Fenn-Gib Project currently hosts an estimated 181.3 million tonnes of mineral resources at a grade of 0.74 g/t Au, indicating strong economic potential that is likely to attract increased investor interest.
- Executive Semi-Retirement: VP of Technical Services Richard Klue announced his semi-retirement on January 14, 2026, opting to assist Mayfair on an hourly basis, ensuring the project's continued progress while exploring non-executive opportunities.
- Future Development Plans: The company aims to advance environmental approvals and engineering design within the next 2-3 years, targeting construction start in 2028 and initial production by 2030, reflecting confidence in the gold market and strategic positioning.
See More
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- Earnings Downgrades: Unum (UNM) and Block (XYZ) received EPS Revision Grades of D and D, respectively, indicating a pessimistic outlook from investors regarding their profitability, which may adversely affect their stock performance.
- Large Financial Stocks Struggling: Lloyds Banking (LYG) and UBS Group AG (UBS) received Revision Grades of D- and D, suggesting significant pressure on these large financial institutions regarding earnings expectations, potentially prompting investors to reassess their investment value.
- Market Focus: Companies like HDFC Bank (HDB) and Mizuho Financial (MFG) also faced negative revisions, with EPS Revision Grades of F and F, respectively, indicating a substantial decline in market confidence in these financial stocks, which may impact their future financing and growth capabilities.
See More
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- Analyst Rating Upgrade: Mizuho analyst Vijay Rakesh raised Broadcom's price target from $450 to $480, showcasing a reassessment of semiconductor valuations and reinforcing Broadcom's market position for 2026.
- Market Capitalization: With a market cap of $1.6 trillion, Broadcom demonstrates significant influence in the semiconductor sector, indicating strong investor confidence in its long-term growth potential.
- Valuation Analysis: Despite a high price-to-earnings ratio of 69.7 compared to a five-year average of 40.2, analysts believe Broadcom remains attractive, suggesting that even in a high valuation context, it is still one of the semiconductor stocks to watch in 2026.
See More
Mizuho Americas Partners with NPower to Enhance Tech Talent Development
- Program Launch Success: Mizuho Americas and NPower's Path2TECH program was piloted in 2025 with support from the FutureReady grant, aiming to provide tech training and employment opportunities for young adults in New York, addressing the needs of 13.2% of unemployed youth seeking competitive wage roles.
- Completion Rate Improvement: In the core programming for Spring and Fall 2025, 70% of students have completed or are on track to complete the courses, surpassing the 60% goal, demonstrating the program's effectiveness in enhancing youth skills.
- Strong Employment Outlook: Currently, 41% of graduates are employed in tech roles or have chosen to continue their education, with an expected 80% placement rate within a year of graduation, significantly improving career prospects for young adults.
- Certification Progress: Nearly half of the students have completed CompTIA Linux+ or CompTIA Networking+ certifications, and the program's flexibility and accessibility enable more young individuals to acquire essential technical qualifications, meeting the urgent market demand for tech talent.
See More
