Northwire Canada EditionSunday, November 8, 2026
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Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7% Gold 4,079.60 −0.8% Silver 51.94 −0.8% Copper 6.24 −0.5% Oil 90.83 +0.3% Palladium 1,017.10 −2.6% KRN 0.260 −7.1% GSKR 2.84 +5.6% ADE 0.125 +4.2% NRM 0.055 +0.0% BBB 0.520 −1.9% LGD 2.09 +1.9% DEC 0.110 +0.0% LCE 0.200 +0.0% NILI 0.515 −1.0% CDE 21.85 +6.7% CAN 0.045 +0.0% LORD 0.100 +0.0% HBM 29.49 +2.3% ELEF 0.265 +120.8% MUN 0.300 +0.0% SAGA 0.400 +6.7%
Management

Mayfair Gold Appoints Drew Anwyll, P.Eng., as CEO

Mayfair Gold CEO Succession Signals Execution Phase as Fenn-Gib Project Awaits Capital Raise

By The Northwire Desk — AI Analysis May 04, 2026 · 04:30 MFG · 3.93 Mayfair Gold Corp.
Executive Summary
  • Mayfair Gold Corp. appointed Drew Anwyll, P.Eng., as Chief Executive Officer effective immediately on May 4, 2026.
  • Anwyll succeeds Nick Campbell, who is stepping down after serving as President and CEO.
  • Anwyll was previously the Company's Chief Operating Officer (COO) since at least early 2025.
  • The transition aims to accelerate development and production of the Fenn-Gib Gold Project in Northern Ontario.
  • Key project metrics remain consistent with previous announcements: C$450 million initial development capital, target construction start 2028, and initial production 2030.
  • Anwyll brings experience from Generation Mining Limited (Marathon Palladium-Copper Project) and Detour Gold Corporation (Detour Lake mine).
Material Impact
  • The appointment of an internal COO as CEO is a standard succession plan rather than a strategic pivot, reducing execution risk but not altering project economics.
  • No new financial terms or capital raises were announced alongside the leadership change; the C$450 million funding gap remains unresolved in this release.
  • Project timeline (2028 construction start) and PFS economics ($652M NPV base case) remain unchanged from January 2026 announcements.
  • The market likely anticipated this transition given Anwyll's operational role during the PFS phase; therefore, the news is incremental rather than transformative.
  • Risk assessment remains neutral to positive regarding management continuity but negative regarding the looming capital requirement relative to current cash position.
MFG · Price
Company Overview
  • Company: Mayfair Gold Corp., listed on TSX Venture (MFG) and NYSE American (MINE).
  • Flagship Project: Fenn-Gib Gold Project located in Northern Ontario within the Porcupine-Destor Fault Zone.
  • Project Type: High-grade open-pit mine with a 4,800 tpd processing facility.
  • Resource Estimate: Indicated resource of 181.3 Mt at 0.74 g/t Au (4.3 Moz); Inferred resource of 8.92 Mt at 0.49 g/t Au (0.14 Moz).
  • Economics: Base-case NPV(5%) of $652M, IRR of 24%, and payback period of 2.7 years based on US$3,100/oz gold price assumption.
  • Status: Pre-feasibility study completed; advancing through approvals phase with FEED engineering underway.
Read the original news release →

More from Mayfair Gold Corp.

Nov 02, 2026 · 06:31

Ontario's 1P1P streamlining cuts permitting timelines by half, targeting a 2028 start for Mayfair's projects.

Regulatory Oct 14, 2026 · 16:31

Mayfair closes a C$10 million equity financing at C$3.34 per share, leaving the buyer approximately 22% underwater on the transaction.

Financings Oct 01, 2026 · 06:00

Mayfair secures a C$310 million financing package from Macquarie, which also takes a first-time equity stake in the company.

Financings Sep 08, 2026 · 06:30

Mayfair confirms site layouts and advances exploration toward its 2030 production target.

Drill Results Aug 12, 2026 · 17:00

Mayfair’s Q2 update recycles the Fenn-Gib PFS without providing new financials or clarifying funding plans for the project.

Earnings Jul 23, 2026 · 06:50

Mayfair’s Fenn-Gib project confirms its reserve model through grade-control validation, advancing the bulk-tonnage open-pit development toward its 2028 construction target.

Production / Operations