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Mayfair Gold Corp. (V:MFG)

Business Focus: Gold Mining

Sector:  Basic Materials Industry:  Gold
See Regulatory Filings on SEDAR
Company Contact
Address: 489 MacDougal Street
Tel: N/A
Website: N/A
Key People
Patrick C. Evans
President, Chief Executive Officer, Director
Justin Byrd
Chief Financial Officer, Corporate Secretary
Howard Michael Bird
Vice President - Exploration
Business Overview
Mayfair Gold Corp. is a Canada-based mineral exploration company. The Company is primarily engaged in the acquisition and exploration of mineral properties in Canada. The Company is focused on advancing its 100% owned Fenn-Gib gold project, which is located in Guibord and Munro Townships in northeast Ontario, approximately 80 kilometers east of Timmins. Its Fenn-Gib gold project consists of approximately 4,800 hectares. Its Fenn-Gib gold project consists of approximately 21 fee simple patented properties, 153 unpatented mining claims and 144 patented leasehold mining claims located in the Guibord, Munro, Michaud and McCool Townships in northeast Ontario, Canada.
Financial Overview
For the three months ended 31 March 2022, Mayfair Gold Corp revenues was not reported. Net loss increased from C$1.8M to C$4.2M. Higher net loss reflects Exploration and evaluation expenses increase from C$1.1M to C$3.5M (expense), Share-based payment expense increase from C$65K to C$1.1M (expense), Management fees increase of 14% to C$174K (expense). Basic Earnings per Share excluding Extraordinary Items decreased from -C$0.02 to -C$0.05.
Reporting Currency: Canadian Dollars
Enterprise value: $84.01M as of Mar 31, 2022
Annual revenue (TTM): $0.00M as of Mar 31, 2022
EBITDA (TTM): -$15.93M as of Mar 31, 2022
Net annual income (TTM): -$12.74M as of Mar 31, 2022
Free cash flow (TTM): -$14.55M as of Mar 31, 2022
Net Debt Last Fiscal Year: N/A
Shares outstanding: 80,651,007 as of Mar 31, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization