MAYFAIR GOLD REPORTS Q1 2026 OPERATING AND FINANCIAL RESULTS

Rhea-AI Summary

Mayfair Gold (NYSE American:MINE) reported its operating and financial results for the quarter ended March 31, 2026. Full Q1 2026 financial statements and MD&A are available on the company’s website and on SEDAR+ and EDGAR.

An April 27, 2026 news release provides a detailed update on Fenn-Gib project work completed in Q1 2026.

Market Context

This announcement highlights the release of Q1 2026 operating and financial results, following a per...

Analysis

This announcement highlights the release of Q1 2026 operating and financial results, following a period of active corporate and project developments at Fenn-Gib. Investors may compare the new figures with April’s project update and recent acquisitions to assess how capital allocation and execution are tracking. Key factors to watch include cash usage, any commentary on development milestones, and how management frames upcoming permitting and engineering work for the Fenn-Gib gold project.

Historical Context

5 past events · Latest: May 04 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 04	Management change	Positive	+0.7%	Appointment of a new CEO with extensive Ontario mining experience.
Apr 27	Project update	Positive	-2.7%	Detailed progress advancing technical, environmental and permitting work at Fenn-Gib.
Apr 16	Insider financing	Positive	+0.9%	CFO-led private placement to fund advancement of the Fenn-Gib gold project.
Apr 07	Management/financing	Positive	-0.9%	New CFO appointment with a small private placement and option grant for project funding.
Apr 02	Acquisition	Positive	+1.3%	Acquisition of nearby properties to expand land package supporting Fenn-Gib infrastructure.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news has drawn a mix of aligned and divergent reactions, with generally constructive project and management updates not always translating into positive price moves.

Recent Company History

Over the last six weeks, Mayfair has focused on building out the Fenn-Gib project and strengthening its leadership. On April 2, 2026, it agreed to acquire nearby properties to expand landholdings. Early April saw executive upgrades, including a new CFO and related financing plans, followed by a project work update on April 27, 2026. A CEO transition was announced on May 4, 2026. This earnings release for Q1 2026 fits into a period of active corporate and project development.

Key Terms

sedar+, edgar

2 terms

sedar+ regulatory

"on the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at"

SEDAR+ is Canada’s centralized online system where publicly traded companies submit required regulatory documents such as financial reports, prospectuses and disclosure statements. It gives investors a single, searchable place — like a public library or online filing cabinet — to check a company’s official records for transparency, compare performance, and verify material information before making investment decisions.

edgar regulatory

"profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov."

EDGAR is a system used by companies to share important financial and business information with the public. It functions like an online filing cabinet where investors can access official reports and documents that help them understand a company's financial health and operations. This transparency allows investors to make more informed decisions, much like checking a company's report card before investing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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TORONTO, May 13, 2026 /PRNewswire/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold", or the "Company") (TSXV: MFG) (NYSE American: MINE) is pleased to report its operating and financial results for the quarter ended March 31, 2026. The full version of the financial statements and accompanying management's discussion and analysis can be viewed on the Company's website at www.mayfairgold.ca or under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. For a detailed update on project work completed during the quarter, refer to the news release issued April 27, 2026 "Mayfair Gold Provides Update on Project Work in the First Quarter of 2026 Advancing and Derisking the Fenn-Gib Gold Project".

About Mayfair Gold

Mayfair Gold is a Canadian development-stage gold company focused on advancing the 100% controlled Fenn-Gib Project in the Timmins region of Northern Ontario. The 2026 Pre-Feasibility Study (the "PFS") outlines the potential to develop Fenn-Gib into a new Canadian gold producer, with initial development capital of C$450 million, a base-case payback period of 2.7 years, and cumulative free cash flow of US$896 million over the first six years of production based on a US$3,100/oz gold price. The Company is advancing permitting activities, detailed engineering, and stakeholder engagement with the goal of starting construction in 2028 with initial production in 2030.

The content of this news release has been reviewed on behalf of the Company and approved by Drew Anwyll, P.Eng., Chief Executive Officer of Mayfair, a QP as defined in NI 43-101.

Cautionary Note Regarding Forward-Looking Information

This news release contains certain forward-looking information within the meaning of applicable Canadian securities legislation and forward-looking statements within the meaning of applicable United States securities legislation (collectively, "forward-looking information"). The use of the words "will" and "expected" and similar expressions is intended to identify forward-looking information. Forward-looking information in this news release includes, but is not limited to, building and operating the Fenn-Gib Project and all disclosure related to the PFS, including expected commencement of construction and production. Although Mayfair Gold believes that the expectations reflected in such forward-looking information is reasonable, readers are cautioned that actual results may vary from the forward-looking information. The Company has based the forward-looking information on the Company's current expectations and assumptions about future events. This information also involves known and unknown risks, uncertainties, and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information, including the risks, uncertainties, and other factors identified in the annual information form and Form 40-F of the Company for the year ended December 31, 2025, available under the Company's profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov, respectively. Furthermore, the forward-looking information contained in this news release is as at the date of this news release, and Mayfair does not undertake any obligation to publicly update or revise any of this forward-looking information except as may be required by applicable securities laws. 

Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.

View original content to download multimedia:https://www.prnewswire.com/news-releases/mayfair-gold-reports-q1-2026-operating-and-financial-results-302771698.html

SOURCE Mayfair Gold Corp.

FAQ

Where can investors find Mayfair Gold (MINE) Q1 2026 financial statements?

Mayfair Gold’s Q1 2026 financial statements are available on its website and on SEDAR+ and EDGAR. According to Mayfair Gold, investors can review full financials and MD&A through these platforms for detailed quarterly operating and financial information.

What period do Mayfair Gold (MINE) Q1 2026 results cover?

Mayfair Gold’s Q1 2026 operating and financial results cover the quarter ended March 31, 2026. According to Mayfair Gold, investors should review the full financial statements and MD&A for a complete view of quarterly performance and corporate developments.

How can shareholders access Mayfair Gold (MINE) MD&A for Q1 2026?

Shareholders can access Mayfair Gold’s Q1 2026 MD&A on the company website and its SEDAR+ and EDGAR profiles. According to Mayfair Gold, these documents accompany the financial statements and provide management’s discussion of operations and financial results.

Where is the Mayfair Gold Fenn-Gib project Q1 2026 update available?

The Fenn-Gib project Q1 2026 update is available in Mayfair Gold’s April 27, 2026 news release. According to Mayfair Gold, this release details project work completed in the first quarter and efforts to advance and derisk the Fenn-Gib Gold Project.

What did Mayfair Gold (MINE) announce about its Q1 2026 operating results?

Mayfair Gold announced that it has reported operating and financial results for Q1 2026. According to Mayfair Gold, specific figures and analysis are contained in the full financial statements and MD&A available online and through regulatory filing platforms.