The Ontario government is fast-tracking Mayfair Gold Corp.’s Fenn-Gib gold project under the ‘One Project, One Process’ (1P1P) framework, marking the fourth project designated since 1P1P launched last October. Fenn-Gib will require a $322 million (C$450 million) capital investment and is expected to create 250 good-paying long-term jobs, 450 additional construction jobs and add $2.15 billion (C$3 billion) to the province’s GDP.
“For too long, permitting delays stood in the way of getting Ontario’s resources to market,” said Stephen Lecce, Minister of Energy and Mines. “One Project, One Process is singlehandedly changing that — cutting duplication by half and delivering a one-stop shop for mining permitting, including for Mayfair Gold’s Fenn-Gib project. To compete, we must be the best, which is why our government is planning to further accelerate permitting this fall.”
Located approximately 17 km east of Matheson in the Timmins gold district, the Fenn-Gib gold project will have an initial mine life of 15 years once operational, with a new open-pit mine and an on-site processing facility. Mayfair Gold’s preliminary economic assessment estimates on-site gold processing capacity of approximately 4,800 metric tons (mt) per day and an indicated gold resource of approximately 4.3 million oz. Project engineering is currently underway, with subsequent permitting and site preparation expected to continue through 2028. Construction and commissioning are planned between 2028 and 2030, with production targeted to begin in 2030.
“The One Project, One Process designation is an important milestone for the Fenn-Gib gold project and reinforces Ontario’s commitment to responsible, investment-ready mining development,” said Drew Anwyll, P.Eng., CEO of Mayfair Gold. “This framework provides greater coordination and predictability as we advance Fenn-Gib through permitting and development, helping move the project closer to construction and the significant employment and economic opportunities it can create for the region.”
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