Ontario Government Fast-Tracks Mayfair Gold's Fenn-Gib Project, Projected to Boost Economy

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The Ontario government has expedited the approval process for Mayfair Gold Corporation's Fenn-Gib Gold Project, a significant investment expected to create numerous jobs and contribute substantially to the provincial economy.

The Ontario government is accelerating the development of Mayfair Gold Corporation’s Fenn-Gib Gold Project, utilizing the 'One Project, One Process' (1P1P) framework. This marks the fourth project to receive such designation since the initiative's inception last October. The Fenn-Gib project represents a substantial capital investment of $450 million and is projected to generate 250 long-term jobs alongside 450 construction positions. Additionally, it is anticipated to contribute approximately $3 billion to Ontario's GDP, according to a recent announcement.
Situated roughly 17 kilometers east of Matheson in the Timmins gold district, the project is designed to feature a new open-pit gold mine accompanied by an onsite processing facility along with necessary mine infrastructure. The preliminary economic assessment conducted by Mayfair Gold indicates an onsite processing capacity of around 4,800 tonnes per day, with an estimated gold resource of about 4.3 million ounces.
Currently, project engineering is in progress, and the subsequent phases of permitting and site preparation are expected to extend through 2028. The construction phase is slated to commence between 2028 and 2030, with the aim of initiating production in 2030.
The 1P1P framework is a comprehensive, government-wide strategy designed to streamline the permitting process, eliminate bureaucratic delays, and attract international investment. Under this framework, the Ministry of Energy and Mines serves as a single point of contact, coordinating all necessary provincial approvals and Indigenous consultations, thereby reducing government review times by up to 50 percent. It is important to note that the Crown's obligation to consult remains fully respected within the 1P1P framework.

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