StockWatch
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Metal Mining
Management ChangeMay 28, 2026, 01:11 PM

Mayfair Gold Appoints Ayaz Kassam as Director of Projects

AI Summary

Mayfair Gold Corp. announced the appointment of Ayaz Kassam as Director of Projects, a professional engineer with nearly 20 years of project management experience. This strategic hire aims to strengthen the project team and advance the Fenn-Gib Gold Project towards development, with a construction decision targeted as early as 2028 and initial production in 2030. The Fenn-Gib Project holds a 4.3 million ounce indicated mineral resource and a 1 million ounce mineral reserve, with a Pre-Feasibility Study outlining C$450 million in initial development capital and US$896 million in cumulative free cash flow over the first six years.

Key Highlights

  • Mayfair Gold appointed Ayaz Kassam as Director of Projects.
  • Mr. Kassam brings nearly 20 years of project management experience.
  • The appointment aims to advance the Fenn-Gib Gold Project toward development.
  • Target construction decision and final investment decision by 2028.
  • Fenn-Gib Project hosts a 4.3 million ounce indicated mineral resource.
  • Initial development capital for Fenn-Gib is C$450 million.
  • Project targets US$896 million cumulative free cash flow over 6 years.
  • Initial production for Fenn-Gib is targeted for 2030.