Earnings ·
Mayfair Gold Corp. reported unaudited financial results for the six months ended June 30, 2026, recording a net loss…
MFGCDMayfair Gold Corp.
Mayfair Gold Corp. reported unaudited financial results for the six months ended June 30, 2026, recording a net loss of $14.7 million CAD compared to $3.9 million in the prior year period. Cash and cash equivalents decreased to $22.9 million from $38.2 million at year-end 2025. The company acquired additional mineral property interests contiguous to its Fenn-Gib Project for $2.5 million, closing on May 21, 2026. Management announced the appointment of Drew Anwyll as Chief Executive Officer and the departure of Nick Campbell in May 2026. Financing activities generated $1.2 million through a private placement of 58,000 shares at $4.38 per share and warrant exercises yielding $933,530. The company operates in the gold mining industry, focusing on the exploration and development of mineral properties.