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Mayfair Gold (MFG) AI Stock Analysis
Mayfair Gold
(TSXV:MFG)
The overall score reflects a high-risk financial profile dominated by persistent losses, zero revenue, and ongoing negative cash flows despite a mostly debt-free balance sheet and previously growing equity base. Technical indicators add a moderate positive, with short-term price strength and neutral-to-bullish momentum but no confirmed long-term uptrend. Valuation contributes a middle-of-the-road impact, as negative earnings and no dividend make traditional metrics unreliable and underscore that the investment case is largely speculative on future project success rather than current fundamentals.
Mayfair Gold (MFG) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 228.27M
- Dividend Yield
- ―
- Average Volume (3M)
- 131.14K
- Price to Earnings (P/E)
- -10.7
- Beta (1Y)
- 1.17
- Revenue Growth
- ―
- EPS Growth
- -120.53%
- Country
- Canada
- Employees
- 13
- Sector
- General
- Sector Strength
- 55
- Industry
- Gold
Mayfair Gold Business Overview & Revenue Model
Company Description
Mayfair Gold Corp. operates as an exploration firm dedicated to the acquisition, evaluation, and development of mineral properties. Its principal holding is the entirely owned Fenn-Gib gold project, situated in the Guibord, Munro, Michaud, and McCool...
How the Company Makes Money
Mayfair Gold is an exploration-stage company; specific, recurring operating revenue from product sales is not publicly available (null). The company’s economic model is typically to create value by advancing its mineral assets (notably the Fenn-Gib g...
Mayfair Gold Financial Statement Overview
Summary
Financial performance is weak: the company is still pre-revenue, with zero sales and sizeable recurring net and operating losses, and deeply negative operating and free cash flows that make it structurally cash-consuming and reliant on external financing. The main offsetting positive is a mostly debt-free balance sheet and historically growing equity base, but negative returns on equity and ongoing cash burn keep the financial risk high.
Income Statement
12Very NegativeBalance Sheet
65PositiveCash Flow
20Very Negative| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | -31.42K | -30.43K | -58.52K | -78.98K | -15.75M | -9.79M |
| EBITDA | -21.36M | -10.43M | -11.05M | -19.02M | -21.30M | -12.81M |
| Net Income | -20.70M | -9.96M | -12.68M | -15.95M | -15.06M | -10.26M |
Balance Sheet | ||||||
| Total Assets | 42.28M | 53.27M | 24.49M | 28.49M | 21.81M | 27.37M |
| Cash, Cash Equivalents and Short-Term Investments | 22.95M | 38.19M | 9.53M | 13.50M | 6.79M | 12.04M |
| Total Debt | 0 | 0 | 0 | 0 | 9,966 | 68.83K |
| Total Liabilities | 2.84M | 1.17M | 749.93K | 2.55M | 2.51M | 2.03M |
| Stockholders Equity | 39.45M | 52.11M | 23.74M | 25.95M | 19.30M | 25.33M |
Cash Flow | ||||||
| Free Cash Flow | -21.55M | -8.90M | -13.84M | -16.78M | -16.46M | -12.74M |
| Operating Cash Flow | -18.99M | -8.89M | -13.84M | -16.76M | -16.35M | -12.56M |
| Investing Cash Flow | 355.70K | 35.34K | -221 | -25.50K | -116.43K | -186.02K |
| Financing Cash Flow | 38.70M | 37.51M | 9.87M | 23.51M | 11.21M | 22.65M |
Mayfair Gold Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MFG, the sentiment is Negative. The current price of 3.46 is above the 20-day moving average (MA) of 3.44, below the 50-day MA of 3.86, and below the 200-day MA of 4.18, indicating a bearish trend. The MACD of -0.16 indicates Negative momentum. The RSI at 45.66 is Neutral, neither overbought nor oversold. The STOCH value of 31.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MFG.
Mayfair Gold Peers Comparison
Overall Rating
TSE:NEXG53Neutral- TSE:MFG51Neutral
TSE:SIG46Neutral
TSE:AUMB40Underperform
TSE:AUXX39Underperform
TSE:WGO39Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:NEXG | 53Neutral | CAD 298.95M | -4.90 | -23.30% | ― | ― | 27.54% |
| TSE:MFG | 51Neutral | CAD 208.13M | -10.69 | -42.82% | ― | ― | -120.53% |
| TSE:SIG | 46Neutral | CAD 355.80M | -43.78 | -9.32% | ― | ― | -88.78% |
| TSE:AUMB | 40Underperform | CAD 204.01M | -4.45 | -91.31% | ― | ― | -117.38% |
| TSE:AUXX | 39Underperform | CAD 530.21M | -9.04 | -38.19% | ― | ― | -302.12% |
| TSE:WGO | 39Underperform | CAD 331.51M | -57.58 | -4.25% | ― | ― | -101.53% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:MFG | Mayfair Gold Corp. | 3.40 | -0.58 | -14.57% | |
| TSE:NEXG | Treasury Metals | 1.14 | -0.26 | -18.57% | |
| TSE:AUMB | 1911 Gold Corp | 0.54 | -0.32 | -37.21% | |
| TSE:AUXX | Gold X2 Mining Inc. | 5.28 | 2.28 | 76.00% | |
| TSE:WGO | White Gold Corp | 1.52 | 0.64 | 72.73% | |
| TSE:SIG | Sitka Gold Corp. | 0.81 | -0.21 | -20.59% |
Mayfair Gold Corporate Events
Mayfair Gold Taps Veteran Engineer to Steer Fenn-Gib Project Toward Construction
PositiveMayfair Gold Corp. has appointed mining engineer Daniel Janusauskas as Vice President, Technical Services, effective November 1, 2026, to lead technical services as the Fenn-Gib Gold Project advances toward a construction decision. With more than 15...
Mayfair Gold Lines Up C$310 Million Macquarie Financing for Fenn-Gib Project
PositiveMayfair Gold has secured a strategic C$10 million equity investment from Macquarie Bank, priced at a premium to its recent trading levels, and agreed an engagement letter and non-binding term sheet for a proposed C$300 million project finance facilit...
Mayfair Gold Advances Fenn-Gib Exploration and Confirms Site Layout
PositiveMayfair Gold reported progress from its 2026 summer exploration program at the Fenn-Gib gold project, highlighting extensive geological mapping and sampling across the North and South blocks. The company says more than 95% of known outcrops were mapp...
Mayfair Gold Bolsters Fenn-Gib Leadership With New Project and Sustainability Chiefs
PositiveMayfair Gold has appointed Desmond Tranquilla as Chief Projects Officer and Ruben Wallin as Senior Vice President, Sustainability as the Fenn-Gib gold project moves toward a construction decision. The new executives bring more than six decades of com...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Aug 26, 2026