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Investor Insight Mayfair Gold is progressing its 100 percent-owned Fenn-Gib gold project toward production, with a development plan anchored by a robust 2026 pre-feasibility study (PFS). The company’s strategy emphasizes a smaller scale mine designed to accelerate permitting through Ontario’s One Project One Process platform and exploit near surface high-margin ounces in a capital efficient manner. The PFS only corresponds to 24 percent of the indicated gold resource leaving meaningful optionality for long term growth coupled with exploration upside across a broader land package. Overview Mayfair Gold (TSXV:MFG,NYSE American:MINE) is a development-stage company with the primary objective of advancing the Fenn-Gib gold project — a large, bulk-tonnage open-pit deposit located in one of Canada’s most prolific gold districts. The company’s technical team is executing on provincial permitting, Indigenous consultation, engineering and ongoing exploration to expand mineralization beyond the current pit constraints. Mayfair Gold’s flagship Fenn-Gib gold project is located within the established Timmins Gold District in Ontario, which has produced more than 100 million ounces of gold historically. The PFS, prepared in accordance with NI 43-101 standards and filed in January 2026, outlines a base-case economic model with an after-tax NPV (5 percent) of C$652 million and an IRR of 24 percent, using conservative gold prices, and demonstrates rapid payback potential. Under a spot price scenario, project economics improve markedly, underscoring the asset’s leverage to higher gold prices. With over $200 million in annual free cash flow once in operation the company will have a robust source of capital to fund growth initiatives. Company Highlights Robust Pre-feasibility Study: The 2026 PFS highlights compelling returns on a modest initial throughput design while leveraging a large resource base. High-grade Early Focus: The staged plan targets higher-grade, near-surface material to optimize permitting timelines, construction risk, financing, and ultimately accelerate value capture. Strategic Location: Fenn-Gib sits on the highly prospective Timmins Gold District, Ontario — a tier-one mining jurisdiction with established infrastructure and a long history of mining-related activity and supportive communities. Strong Financial Backing: The company has a committed shareholder base, including Muddy Waters, Heeney Capital, Oaktree and Nokomis. With a tight share structure and strong Insider ownership of 36% there is clear alignment for long-term shareholder value creation. Exploration Optionality: Mineralization at Fenn-Gib remains open at depth and along strike, with multiple underexplored targets identified across the property. This includes a Southern Block that has not been explored but sits directly on the prolific Porcupine-Destor fault. Long-term optionality: With a truncated timeline to production the company will be in an advantageous spot for growth initiatives that can be funded with free cash flow. CEO Drew Anwyll is an experienced mine builder; he successfully permitted the Marathon PGM project in Ontario and was a senior executive during the construction, commissioning and start-up of Detour Lake, Canada’s largest gold mine. Key Project Fenn-Gib Gold Project Fenn-Gib is Mayfair’s flagship asset, encompassing a significant indicated mineral resource of 181.3 million tonnes grading 0.74 g/t gold for 4.3 million contained ounces, and additional inferred ounces. The project benefits from excellent access via Highway 101 and proximity to regional mining services. The 2026 PFS centers on a 4,800 tonnes-per-day open-pit operation designed to process approximately 1.04 million ounces of gold, representing 24 percent of the total resource and reflecting a conservative, execution-oriented approach. Highlights from the study include: After-tax NPV (5 percent) of C$652 million and IRR of 24 percent at a base case gold price of US$3,100/oz. After-tax NPV of C$1.37 billion and IRR of 38 percent at current spot gold prices. 2.7-year payback period on initial capital costs under the base case (1.7 year payback at January 2026 prices) Mayfair Gold’s late-2025 grade control program at the Fenn-Gib Project confirmed about 1 million tonnes of ore-grade material, equal to roughly 25% of Phase 1’s planned design and consistent with probable reserves outlined in the PFS. Ongoing 2026 activities include encompassing process plant and infrastructure design optimization, evaluating grade control and condemnation drilling results. The company said it is focused on taking a practical path toward construction and production for Fenn-Gib in an expedited timeframe. In addition to economic studies and active dialogue with Indigenous stakeholders, the company has executed engineering contracts with industry providers to support mine planning, processing design, environmental baseline work, and tailings/water management — positioning the project for upcoming acceptance into the 1P1P permitting framework in 2026 and potential construction decision in 2028. Exploration Potential Beyond the defined pit shell, Fenn-Gib hosts multiple zones including the Main Zone, Deformation Zone, and Footwall Zone, with geological continuity extending along strike and at depth. Newly identified targets such as the Southern Block along the Porcupine Destor-Fault present opportunities for future discovery drilling and resource expansion. Management Team Drew Anwyll — Chief Executive Officer Drew Anwyll is a professional engineer with over 30 years of global mining experience in both project and operations leadership. His background includes senior technical and operating roles at Generation Mining, Detour Gold, Barrick Gold and Placer Dome. Anwyll’s track record includes leadership through permitting, construction, commissioning, and operational phases, anchoring Mayfair’s operational planning and execution. Kevin Annett — Chief Financial Officer Kevin Annett is a seasoned mining finance executive with over 15 years of experience spanning project construction, operations, and corporate leadership. He most recently served as Chief Financial Officer, North America at Barrick Mining Corporation, where he led financial strategy, planning, and governance for the company's largest region, with a strong focus on disciplined capital allocation and value creation. Earlier in his career, he held progressively senior roles across Barrick and Detour Gold. Desmond Tranquilla – Chief Project Officer Desmond Tranquilla is a seasoned mining executive and professional engineer with over 35 years of experience in project development, construction, operations, and strategic leadership. He previously served as Vice President, Projects at Canada Nickel Company, where he made significant contributions towards advancing the Crawford Nickel Project. He has also led significant potash expansions in Saskatchewan, alongside major developments such as Vale's C$1.6 billion Atmospheric Emission Reduction Project and the C$1.5 billion Detour Lake Mine Project. Ruben Wallin – Senior Vice President, Sustainability Ruben Wallin has over 30 years of experience in mining operations, environmental stewardship, permitting, government relations and community engagement. He recently served as Vice President, Sustainability at Generation Mining, where he played a key role in advancing the environmental approvals for the Marathon Project. Combining technical engineering education with corporate and site-level experience on major mining projects and operations, he also held positions with companies such as Placer Dome, Osisko and Detour Gold. Zayem Lakhani — Vice President, Corporate Development and Strategy Zayem Lakhani brings more than 17 years of expertise in investment management, equity research, and corporate development. Before joining Mayfair, he served as portfolio manager and head of Canadian equities at HSBC Global Asset Management, where he oversaw the investment process for approximately $4 billion in capital across diverse strategies. Lakhani brings a unique network and an investor’s perspective to help position the company’s story.
Read original →While Sasol continues to reduce its overall capital expenditure, the JSE-listed group is increasing its investment in its coal mining business to shore up the feedstock needed to raise output at its Secunda Operations to 7.4-million tons, while also reducing external coal purchases. Production at Secunda Operations in Mpumalanga increased to 7.2-million tons in the year to June 30, a five-year high that helped underpin strong results that were also buoyed by energy market developments after the US and Israel declared war on Iran.
Read original →DDH-26-05 delivers QIMC’s strongest high-concentration hydrogen interval to date; Company plans to continue drilling with...
Read original →Platinum group metals (PGM) and gold mining company Sibanye-Stillwater achieved an exceptional half-year financial performance, with record revenue up 65% at R90-billion and adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) an 111%-higher R31.8-billion. Record cash generation in the six months to June 30 has materially strengthened the balance sheet and expanded financial flexibility. An interim dividend of R5.7-billion has been declared.
Read original →Goldcliff Resource Corp. [TSXV: GCN; OTC PINK: GCFFF], reports that recent follow-up of the company’s...
Read original →Final Assays Extend Copper-Nickel-Cobalt and Platinum-Palladium Mineralization Through the Upper Hole to Complete a Fully...
Read original →Omai Gold Mines Corp. released assay results from 11 diamond drill holes at its Guyana gold project, indicating expansion potential. Successful assay results support project economics and de-risk capital allocation for gold exploration in the jurisdiction.
Read original →Auriginal Mining Corp. reported encouraging Phase assay results showing wide gold and copper intersections at its Roger Project in Chibougamau, Quebec. Positive exploration results de-risk the development timeline and signal potential for capital deployment in Quebec's established mining district.
Read original →Crude oil futures surged more than 2 percent to cross the US$90 per barrel threshold on Monday (August 31) morning following a direct military exchange between the US and Iran inside the Strait of Hormuz, reigniting fears over global energy security. By early trading, Brent crude futures climbed 2.71 percent to US$90.49 a barrel, while West Texas Intermediate (WTI) jumped 2.47 percent to US$85.46. The escalation began Sunday when US forces conducted targeted strikes against the Islamic Revolutionary Guard Corps (IRGC) on Larak Island, located near the center of the Strait of Hormuz. CENTCOM characterized the operation as a "limited, precise action" neutralizing an imminent threat to the vital maritime corridor. Iran retaliated hours later, firing ballistic missiles and drones at US military installations stationed in Jordan. The Jordanian Armed Forces reported intercepting and destroying eight missiles that breached its airspace. The IRGC confirmed targeting technical infrastructure and fighter aircraft positions at two US bases and warned via state broadcasters that the initial U.S. attack "will be answered by the sons of Iran and will result in the punishment of the aggressor." US President Donald Trump escalated the rhetoric Sunday evening on Truth Social, posting an AI-generated video depicting Kharg Island "being blown to smithereens." Iran denied any attack on Kharg Island and stated oil operations there were continuing normally. Gulf recovery under threat The first military strike between the US and Iran in weeks now threatens a fragile recovery in Gulf energy exports. Last week, Goldman Sachs reported that crude and oil product exports from the Persian Gulf had rebounded to between 15 million and 16 million barrels a day. While still below the pre-war baseline of roughly 23 million barrels, the volume marked a sharp improvement from March lows. However, the maritime chokepoint remains highly volatile. Visible commodity vessel traffic through the strait plummeted to just five ships a day over the weekend. A UK Maritime Trade Operations alert confirmed an unknown projectile struck another tanker transiting the waterway. The US military also updated its ongoing blockade of Iranian ports, reporting it has redirected 83 commercial vessels, disabled three, and boarded two as of August 30. US Treasury Secretary Scott Bessent recently stated that sanctions on Iran aim "to create the conditions that they will want to come to the table." To offset potential supply disruptions and replenish the US Strategic Petroleum Reserve, which recently dropped below 300 million barrels to its lowest point in over four decades, Washington is moving aggressively to tap Venezuelan crude. Under a new bilateral agreement the US will control a 55 percent stake in a new company granted 100-year rights to tap virgin oil fields in Venezuela. Don’t forget to follow us @INN_Resource for real-time updates! Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Read original →Electricity and Energy Minister Dr Kgosientsho Ramokgopa has indicated that it would be his preference for Eskom chairperson Mteto Nyati to remain in the role beyond his term, which ends in October, while underlining Cabinet’s primary role in the decision. Speaking at Eskom’s results presentation, where the utility reported a R30.3-billion profit, the Minister highlighted the positive role that Nyati had played in supporting the State-owned group’s operational and financial turnaround, while suggesting that his departure would be premature.
Read original →Surebet Discovery, Golden Triangle, B.C. Gold-bearing quartz-sulphide mineralization including Visible Gold to the Naked Eye...
Read original →The SEC’s formal crypto rule proposal marks a major pivot from an enforcement-first approach toward a structured compliance model, filling a regulatory vacuum as congressional action on the Clarity Act stalls. The framework offers projects a path to raise capital under defined disclosure requirements before transitioning to a decentralized status once central management is no longer driving value. While questions around custody and open-ledger mechanics remain unresolved, the proposal gives startups a viable route to fundraise and build without facing immediate, costly SEC enforcement battles. According to Ashley Ebersole, the SEC likely waited because Congress was expected to act first through the Clarity Act. But as the year moved on, the odds of legislation passing quickly dropped. That matters because legislation is more durable than regulation. A law passed by Congress can only be undone through another act of Congress and a presidential signature. A rule written by an agency is easier to reverse under a future administration. For now, the big question is whether Congress acts in time - or whether the SEC’s rules become the main roadmap for the next phase of crypto regulation. Listen to the full interview to hear more from Ebersole on the SEC and Clarity Act. Don’t forget to follow us @INN_Technology for real-time news updates! Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Read original →Eskom reports that it is aiming to stabilise yearly sales at the 178 TWh level reported in its 2026 financial year, which represented another 6.1% year-on-year fall. The State-owned utility has recorded an ongoing decline in sales for more than ten years, having reported sales of more than 224 TWh in its 2012 financial year.
Read original →Zinc prices hit a four-year high of $4,107 per ton on the London Metal Exchange on August 27, 2026, up 55% from a mid-2025 trough of $2,650 per ton, driven by plunging Western stockpiles and mine supply cuts. Tightening zinc supply reshapes mining project economics and accelerates development of polymetallic deposits where silver and lead credits improve project returns.
Read original →Gold Runner Exploration has identified new high-grade mineralization on the Golden Girl property in British Columbia's Golden Triangle, with assay results of up to 25,306 grams per ton silver and 11.22 grams per ton gold (12.7 gold equivalent ounces per ton) over a 350-meter gold stack trend. This discovery extends the economic viability of polymetallic gold-silver deposits in the region.
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