Mayfair Gold Corp. completed a C$10 million strategic investment with Macquarie Bank, which acquired over 2.3 million shares at C$4.26 each. The funds will be used to develop the Fenn-Gib gold project in Ontario, which holds a significant gold resource and aims to start construction in 2028 with production by 2030. The project targets a 1-million-ounce higher-grade reserve and expects strong cash flow based on current gold prices. This investment supports Mayfair's goal to become a new Canadian gold producer while continuing exploration to expand resources.
Mayfair Gold Corp.'s strategic investment with Macquarie is presented here with Basic Materials sector data from Pluang as of Oct 15, 2026 03:23 WIB. Of 83 priced Basic Materials-sector US stocks tradable on Pluang, 16 rose and 67 fell today. Notable movers include Silvercorp Metals Inc. (SVM) at USD 9.42 with a 1-day change of -6.08%, Novagold Resources Inc. (NG) at USD 6.24 down 5.88%, and MP Materials (MP) at USD 39.94 down 5.87%.
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