Research from Atrium Research, Atrium Research Corporation

Atrium Research

Research from Atrium Research

Atrium Research Corporation

Atrium Research provides institutional quality issuer paid research on public equities in North America. Our investment philosophy takes a 3-5 year view on equities currently being overlooked by the market. Our research process emphasizes understanding the key performance metrics for each specific company, trustworthy management teams, unit economics, and an in-depth valuation analysis. 

Our research product includes in-depth initiation reports, research notes, thematic research pieces, and company fact sheets.

Equity Bottom-Up

<ul><li>Quarterly Coverage Update Q3/26 marked a return to outperformance for our coverage universe.</li><li>Our covered companies rose 7.1% on average during the quarter, ahead of the S&P 500 (+2.2%), the TSX (+1.1%), and the TSXV, which declined 1.6%, generating ~6% of alpha over our benchmark (the TSX).</li><li>Our coverage universe has now outperformed its benchmark in seven of the nine quarters since we began tracking it (see Figure 1 below).</li></ul>

Quarterly Coverage Update Q3/26 marked a return to outperformance for our coverage universe.Our covered companies rose 7.1% on average during the quarter, ahead of the S&P 500 (+2.2%), the TSX (+1.1%), and the TSXV, which declined 1.6%, generating ~6% of alpha over our benchmark (the TSX).Our coverage universe has now outperformed its benchmark in seven of the nine quarters since we began tracking it (see Figure 1 below).

Mayfair Gold Corp - Q3/26 Recap: All Our Research in One Place!

<ul>
<li>Mayfair Gold signed an engagement letter and a non-binding term sheet with Macquarie Bank for a proposed $300M project financing facility, with a $25M early drawdown tranche at closing.</li>
<li>The facility comes at CORRA + 4.75% per annum, lowering to CORRA + 4.25% after project completion.</li>
<li>Also announced was a $10M equity investment by Macquarie at $4.26/share (10% premium to the 5-day VWAP).</li>
</ul>


Mayfair Gold signed an engagement letter and a non-binding term sheet with Macquarie Bank for a proposed $300M project financing facility, with a $25M early drawdown tranche at closing.
The facility comes at CORRA + 4.75% per annum, lowering to CORRA + 4.25% after project completion.
Also announced was a $10M equity investment by Macquarie at $4.26/share (10% premium to the 5-day VWAP).


MFG: Secures Two-Thirds of Project Capex in $310M Engagement

<ul>
<li>Mayfair is quickly advancing the Fenn-Gib Project in the Timmins Gold Camp via a strategic development plan, targeting production in 2030.</li>
<li>Fenn-Gib hosts a 4.3Moz Indicated resource at 0.74 g/t, while the 2026 PFS includes ~1Moz at 1.29 g/t yielding ~64Kozpa over 14.3 years.</li>
<li>The PFS displays strong gold leverage, returning an NPV5% of &gt;$1B and payback of under 2 years at US$4,100/oz gold.</li>
</ul>


Mayfair is quickly advancing the Fenn-Gib Project in the Timmins Gold Camp via a strategic development plan, targeting production in 2030.
Fenn-Gib hosts a 4.3Moz Indicated resource at 0.74 g/t, while the 2026 PFS includes ~1Moz at 1.29 g/t yielding ~64Kozpa over 14.3 years.
The PFS displays strong gold leverage, returning an NPV5% of &gt;$1B and payback of under 2 years at US$4,100/oz gold.


MFG: Expedited Development Plan; Scalable Resource Base

Canada

Mayfair Gold Corp. provides exploration and mining services. The Company explores and develops gold projects.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Mayfair Gold (MFG CN)

Mayfair Gold Corp - Q3/26 Recap: All Our Research in One Place!

Quarterly Coverage Update Q3/26 marked a return to outperformance for our coverage universe. Our covered companies rose 7.1% on average during the...

Atrium Research

MFG: Secures Two-Thirds of Project Capex in $310M Engagement

Mayfair Gold signed an engagement letter and a non-binding term sheet with Macquarie Bank for a proposed $300M project financing facility, with a...

Atrium Research

MFG: Expedited Development Plan; Scalable Resource Base

Mayfair is quickly advancing the Fenn-Gib Project in the Timmins Gold Camp via a strategic development plan, targeting production in 2030.

Atrium Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)