This S.F. home features sweeping views from the Golden Gate Bridge to downtown. Can you guess what it sold for?
This three-level home perched above the Pacific in San Francisco's tony Sea Cliff neighborhood features stunning panoramic views from the Golden Gate Bridge to downtown. Its location on the end of Lake Street resembles a crescent block of townhouses often found in London, said Compass broker associate Stephen Gomez, who was the co-listing agent on the property.
Built in 1941, it is an example of a 'classic' pre-World War II home 'built with a lot of integrity and a lot of detail,' Gomez said, noting that the "quality of construction wasn't the same' after the war. A full renovation was done about 20 years ago with the addition of a family room and bathroom, and the property has been 'well-maintained' ever since, Gomez added.
Other notable features are a media room with a full bar, open-concept kitchen with high-end appliances, tree-lined backyard, primary suite with views, and a detached two-car garage.
Gomez said Sea Cliff was built as a planned development, similar to Pebble Beach and Bel Air. There are no telephone poles, and garages sit at the back of homes, so the street stays uncluttered.
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Yahoo
36 minutes ago
- Yahoo
Mayfair Provides Details on Open Pit Design Consideration and Confidence Drill Program to Support Preparation of Fenn-Gib Pre-Feasibility Study
Targeting near surface high-grade mineralization to support open pit mining operation Reverse circulation drill program planned to improve confidence in the zone targeted for early years of operations at Fenn-Gib VANCOUVER, BC, June 9, 2025 /CNW/ - Mayfair Gold Corp. ("Mayfair", "Mayfair Gold" or the "Company") (TSXV: MFG) (OTCQX: MFGCF) is pleased to provide an update on the conceptual pit designs being progressed to advance the Pre-Feasibility Study ("PFS") for the Fenn-Gib Gold Project in Ontario ("Fenn-Gib" or the "Project"). The PFS work is focused on advancing Fenn-Gib based on an open pit mining operation targeting a high-grade starter zone of mineralization. The Company's updated mineral resource estimate for the Fenn-Gib Project was released with an effective date of September 3, 2024 and originally presented in a news release dated September 10, 2024. At a 0.30 g/t gold cutoff, there is a total Indicated Mineral Resource estimate of 181.3 million tonnes at a grade of 0.74 g/t gold containing 4.3 million ounces of gold and an Inferred Mineral Resource estimate of 8.92 million tonnes at a grade of 0.49 g/t gold containing 0.14 million ounces of gold. The mineral resource estimate ("MRE") will be the basis for the PFS which is currently in progress and is expected to be completed by the end of 2025. For the PFS, the Company is targeting a mine design focused on the high-grade mineralization in the upper elevations of the open pit MRE to maximize the feed grade to the proposed processing plant. It is anticipated that the design will include a conventional drill and blast, with truck and shovel open pit mining operation supplying the plant. By applying a strategy that emphasizes an elevated cut-off grade targeting the high-grade near surface mineralization within the MRE, the result will maximize the value of the Fenn-Gib asset in the short-term while maintaining the integrity of the overall resource. Figure 1 shows the possible pit outline of a design using 0.8g/t COG and targeting a high-grade pit. Table 1: Fenn-Gib Open-Pit MRE effective date: 3 Sept 2024 INDICATED Cutoff (Au g/t) Tonnes ('000) Au (g/t) Au (oz) >0.7 64,563 1.26 2,615,000 >0.6 82,125 1.13 2,984,000 >0.5 105,644 1.00 3,397,000 >0.4 137,251 0.87 3,839,000 >0.3 181,302 0.74 4,313,000 INFERRED Cutoff (Au g/t) Tonnes ('000) Au (g/t) Au (oz) >0.7 1,140 0.96 35,000 >0.6 1,799 0.85 49,000 >0.5 2,710 0.75 65,000 >0.4 4,729 0.62 94,000 >0.3 8,921 0.49 141,000 Notes: 1. Effective date of this updated mineral resource estimate is September 3, 2024. The assay cut-off date for drill holes included in the mineral resource estimate was April 30, 2024. 2. All mineral resources have been estimated in accordance with Canadian Institute of Mining and Metallurgy and Petroleum ("CIM") definitions, as required under National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Mineral Resource Statement prepared by Tim Maunula, P. Geo (T. Maunula & Associates Consulting Inc.) in accordance with NI 43-101. 3. Mineral Resources reported demonstrate reasonable prospect of eventual economic extraction, as required under NI 43-101. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The Mineral Resources may be materially affected by environmental, permitting, legal, marketing, and other relevant issues. 4. Mineral Resources are reported at a cut-off grade of 0.30 g/t Au for an open-pit mining scenario using a 50° pit slope angle. Cut-off grades are based on a price of US$2,000/oz gold, and an open pit mining cost of $3.25/t, process cost of $15.50/t and G&A $2.00/t. Metallurgical recovery of 94% was used. Densities were assigned based on interpreted lithology. 5. Ounce (troy) = metric tonnes x grade / 31.10348. All numbers have been rounded to reflect the relative accuracy of the estimate. 6. The quantity and grade of reported Inferred Resources are uncertain in nature and there has not been sufficient work to define these Inferred Resources as Indicated or Measured Resources. It is reasonably expected that many of the Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration. 7. Tonnages and ounces in the tables are rounded to the nearest thousand. Numbers may not total due to rounding. Reverse Circulation Drilling Program to Commence in Summer 2025 To provide additional data and improve confidence in the near surface high-grade zone of mineralization targeted in the early years of the proposed mine plan, Mayfair plans to complete a 20,000-metre reverse circulation ("RC") drill program at Fenn-Gib. The RC drilling program is to be completed in two stages. The first stage of the RC drill program is planned to begin in the summer of 2025, utilizing the existing onsite road network to partially test the near surface high grade zone. The second stage of the RC drill program will begin after the 2025 winter freeze-up, when ground conditions improve to allow Mayfair to more effectively complete the remaining RC drill program. This program will also advance additional diamond drilling with open pit geotechnical holes for improved clarity on pit wall designs needed for future operations. Nick Campbell, President and CEO of Mayfair Gold, stated, "Many open pit gold deposits have better grade deeper in the deposit. We believe Fenn-Gib is unique in that some of the highest grade mineralization occurs near surface. This allows for the potential to start operations at Fenn-Gib with a smaller, targeted, mining operation, focused on the near-surface, high-grade gold mineralization. Rather than targeting a larger scale operation, we think this approach allows Mayfair to focus operations on higher margin material at the start of operations, it mitigates construction execution risk, reduces initial capital requirements and provides a clear Ontario Provincial permitting path. With a current Canadian gold price in excess of C$4,600/oz, Mayfair is excited about the opportunity to advance Fenn-Gib into a new gold producer within the current gold cycle. The PFS is expected to be completed by the end of 2025. A nimble, smaller, targeted, high-grade operation should provide a path forward for the company to consider a production decision within the next three years. Advancing Fenn-Gib to production and cash flow should help fund potential future growth opportunities, including the potential to permit and develop a larger operation at Fenn-Gib that optimizes the full MRE." Mayfair Evaluating Potential to Uplist to NYSE American Exchange The Company is pleased to report that it is reviewing the potential to uplist to the NYSE American Exchange from the current OTCQX listing in the United States. Mayfair is reviewing the listing requirements and potential timelines to complete the uplisting process. The Company intends to provide further updates on the potential uplisting for Mayfair shares in the future. About Mayfair Gold Mayfair Gold is a Canadian mineral exploration company focused on advancing the 100% controlled Fenn-Gib gold project in the Timmins region of Northern Ontario. The Fenn-Gib gold deposit is Mayfair's flagship asset and currently hosts an updated NI 43-101 open pit constrained mineral resource estimate with an effective date of September 3, 2024 with a total Indicated Mineral Resource of 181.3M tonnes containing 4.3M ounces at a grade of 0.74 g/t Au and an Inferred Mineral Resource of 8.92M tonnes containing 0.14M ounces at a grade of 0.49 g/t Au at a 0.30 g/t Au cut-off grade. Please see the Company's news release dated September 10, 2024, for further information. Tim Maunula, P. Geo., of T. Maunula & Associates Consulting Inc., is a qualified person for the purposes of NI 43-101 and was responsible for the completion of the updated mineral resource estimate. Mr. Maunula has reviewed and approved the scientific and technical content with respect to the mineral resource estimate in this news release. Scientific and technical information with respect to diamond drilling in this news release has been reviewed and approved by Ali Gelinas-Dechene, Senior Geologist for Mayfair Gold, who oversaw the Mayfair Gold drill program, QA/QC and serves as a Qualified Person as defined under NI 43-101. The scientific and technical content of this news release was reviewed, verified and approved by Drew Anwyll, Chief Operating Officer of the Company, and a Qualified Person as defined under NI 43-101. Cautionary Notes to U.S. Investors Concerning Resource Estimates. This news release has been prepared in accordance with the requirements of the securities laws in effect in Canada, which differ from the requirements of the U.S. securities laws. In particular, and without limiting the generality of the foregoing, the terms "inferred mineral resources," "indicated mineral resources" and "mineral resources" used or referenced in this news release are Canadian mineral disclosure terms as defined in accordance with NI 43-101 under the guidelines set out in the 2014 Canadian Institute of Mining, Metallurgy and Petroleum Standards for Mineral Resources and Mineral Reserves, Definitions and Guidelines, May 2014 (the "CIM Standards"). The CIM Standards differ from the mineral property disclosure requirements of the U.S. Securities and Exchange Commission (the "SEC") in Regulation S-K Subpart 1300 (the "SEC Modernization Rules") under the U.S. Securities Act of 1933, as amended (the "Securities Act"). As a foreign private issuer that is eligible to file reports with the SEC pursuant to the multijurisdictional disclosure system, the Company is not required to provide disclosure on its mineral properties under the SEC Modernization Rules and will continue to provide disclosure under NI 43-101 and the CIM Standards. Accordingly, the Company's disclosure of mineralization and other technical information may differ significantly from the information that would be disclosed had the Company prepared the information under the standards adopted under the SEC Modernization Rules. Cautionary Note Regarding Forward-Looking Information This news release contains forward-looking information which reflects management's expectations regarding the Company's growth, results of operations, performance and business prospects and opportunities. Forward-looking statements in this news release include, but are not limited to, statements regarding the design, development and execution of the Fenn-Gib Gold Project, the timing for completion of the PFS, the advancement of the Fenn-Gib Gold Project to operation and the timing thereof, advancing Fenn-Gib to production and cash flow expected to help fund potential future growth opportunities, including the potential to permit and develop a larger operation at Fenn-Gib, and the potential uplisting in the United States. Forward-looking information is based on various reasonable assumptions including, without limitation, the expectations and beliefs of management; the assumed long-term price of gold; that the Company can access financing, appropriate equipment and sufficient labour; and that the political environment where the Company operates will continue to support the development and operation of mining projects. Should underlying assumptions prove incorrect, or one or more of the risks and uncertainties described below materialize, actual results may vary materially from those described in forward-looking statements. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, risks and uncertainties relating to foreign currency fluctuations; risks inherent in mining including environmental hazards, industrial accidents, unusual or unexpected geological formations, ground control problems and flooding; delays or the inability to obtain necessary governmental permits or financing; risks associated with the estimation of mineral resources and reserves and the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; the potential for and effects of labor disputes or other unanticipated difficulties with or shortages of labor; failure of plant, equipment or processes to operate as anticipated; actual ore mined varying from estimates of grade, tonnage, dilution and metallurgical and other characteristics; the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, gold price fluctuations; uncertain political and economic environments; and changes in laws or policies. The Company undertakes no obligation to publicly update or review the forward-looking statements whether as a result of new information, future events or otherwise, other than as required under applicable securities laws. The forward-looking statements reflect management's beliefs, opinions and projections as of the date of this news release. Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. SOURCE Mayfair Gold Corp. View original content to download multimedia: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
8 hours ago
- Yahoo
Canada to hit NATO defense target early - The Globe and Mail
-- Prime Minister Mark Carney is preparing to announce Canada's largest increase in defense spending since World War II, a move that will accelerate the country's alignment with NATO's military investment targets. According to The Globe and Mail, the spending surge will enable Ottawa to hit the 2% of GDP threshold this fiscal year, years ahead of the previous government timeline. The policy shift is expected to be detailed during a speech Monday at the University of Toronto's Munk School of Global Affairs, where Mr. Carney will unveil a wide-ranging defense and security investment plan. Two senior government officials told The Globe and Mail that the initiative will include rapid procurement of military equipment and technology aimed at strengthening Canadian sovereignty and NATO obligations. The spending increase, reportedly amounting to tens of billions of dollars, marks a dramatic change from earlier federal projections that targeted 2032 as a realistic timeframe for achieving the NATO benchmark. The measures come amid mounting geopolitical tensions and criticism from allies that Canada has not kept pace with global defense commitments. In a recent report, NATO estimated Canadian defense spending at 1.45% of GDP for 2024, still well below the alliance's current 2% target. The U.S., particularly during Donald Trump's presidency, has often pressed Canada and other members to increase their military outlays, accusing allies of under-contributing to collective defense. The proposed investment will cover a broad range of priorities, including improved compensation for Armed Forces personnel, acquisition of new aircraft, drones, and Arctic monitoring systems, and upgrades to naval and air capabilities. Health care infrastructure and support for military families will also be expanded under the plan. Carney's plan is also expected to contain substantial funding to enhance domestic defense manufacturing and develop advanced technologies in cyber, artificial intelligence, space, and quantum computing. The strategy aims not only to meet NATO's current 2% guidance, but to prepare for potential future benchmarks discussed for the June 24-25 summit at The Hague that could raise the bar to 3.5% of GDP. The sudden acceleration contrasts sharply with former Prime Minister Justin Trudeau's stance, who in 2023 projected Canada wouldn't reach 2% until 2032. He had previously referred to the NATO target as a 'crass mathematical calculation,' suggesting it overlooked qualitative contributions to the alliance. Related articles Canada to hit NATO defense target early - The Globe and Mail Carney launches 'One Canadian Economy' Act to unify trade, approvals US job growth in May tops forecasts, but Macquarie warns cracks are emerging
CNBC
9 hours ago
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S&P 500 comeback leaves it within 3% of new high. What it will take to get it over the top
Two months after the market's climactic low, in a moment commonly called "peak uncertainty," there remains plenty for investors to fret over. But the behavior and messaging of the market itself are not among them. The S & P 500 is up 24% from its intraday low of April 7, one of the strongest and fastest rebounds from a severe correction on record. In the process, the market reasserted its longer-term uptrend, the mega-cap favorites are back in gear, credit conditions are steady, non-U.S. equities are leading the way higher, industrial stocks are making new highs, Treasury yields remain within established ranges and the economy is acting roughly as it did pre-Liberation Day. It has all made for an exceptional resurgence from a steep borderline bear market, with the present path running ahead both of the average and medium snapbacks from severe corrections, as shown graphically here by Strategas Research. Deutsche Bank equity strategy team extols the unusual speed and ferocity of Wall Street's comeback from a sudden volatility storm: "In effect, this has proven to be the shortest selloff on a vol shock on record. Around prior episodes, as the shock got absorbed or receded slowly, equities typically took around 2 months to bottom and then another 4 to 5 months to recoup the selloff, or a total of 6 to 7 months for a roundtrip. This time round, with the original tariff shock itself diminishing very rapidly, equities have roundtripped in under 2 months and are already 4% higher. Usually at this stage of past vol shocks, the S & P 500 was still down almost -10%." The fact that the anticipatory market shock was triggered by a tariff-policy proposal that was both vastly more severe that the wisdom of crowds had predicted, and that was almost instantly walked back, helps account for the extreme torque of the recovery. The notion that "markets hate uncertainty" is both an overworked cliché and an unhelpful one. Uncertainty about the future is the permanent state of existence, and the markets surely are not always in hate mode. What markets react poorly to are sudden surges in perceived uncertainty, and acute suspense around hard-to-handicap policy decisions. The ultimate outcome of the tariff structure, the nature of any impending trade deals and the economy's interaction with these factors in the form of front-loaded demand or paused investments are all still uncertain. But investors are making an educated collective guess that the policy result will be manageable. A rational bet, perhaps, but one that at some point will be tested. RBC Capital U.S. equity strategist Lori Calvasina says her models indicate that "current pricing in the S & P 500 already reflects the step-up improvement in macro fundamentals that occurred two weeks ago when the US-China trade war experienced a significant de-escalation." This suggests some potential downside if trade-talk snags or re-escalation should hit. Though assuming cooling trade tensions is plausible enough given that the White House's apparent eagerness to convey progress (requesting a call between President Trump and China's Xi, then announcing the call), resembles strategic retreat. A couple of key reasons Wall Street has been able to recapture most of the lost market value and a good portion of its confidence: the economy has largely held in OK and the negativity expressed by the intense early-April selloff lowered the bar for what qualified as decent news. And so it was that last week's gallop by the S & P 500 back to the 6000 threshold felt like a victory, perhaps even an unearned one, even though the index first reached that level some seven months ago, and since then big companies have posted two quarters of impressive profit growth. If you give someone a good enough scare, just learning that it was only a scare will make them feel better than they did before the fright struck. Within 3% from high How far can such endorphin-releasing relief carry the tape? The S & P 500 is now within 3% of its former record high, close enough that the move is highly unlikely to be a fluky head fake, suggesting it will attempt to revisit the peak before too long – say within weeks. Professionals who monitor the flow of funds and the mechanical triggers that cause various fund strategies to buy or sell continue to insist that many hedge fund cohorts "need" to chase the market higher for a bit, assuming volatility continues to bleed lower. Goldman Sachs says global macro hedge funds have voraciously added market exposure, but only to bring their risk positioning to neutral. Renaissance Macro points to the S & P 500 making a new 65-day high last week, a quantitative siren call for trend-following black-box funds to get more involved. That said, the large-cap benchmarks are looking moderately overbought technically — not a bearish condition necessarily, but one that can lead to chop and churn, fatigue and shakeouts over the next little while. (I've noted in the past that market reactions to a monthly jobs report – such as Friday's nice little rally on a mixed but better-than-feared payroll gain – sometimes serve as the culmination of a market move rather than the start of one.) But one can pretty easily project that a quick return to the old highs would leave the tape even more stretched just as seasonal factors grow a bit less friendly and deadlines approach both for the tariff "pause" and the Congressional budget bill. Valuation by then would have re-expanded to, say, 22-times 12-month forward earnings for the S & P 500. While nasty valuation compression tends not to happen when earnings are growing and the Federal Reserve is not tightening, it would pinch the risk-reward calculus while making the market less tolerant of adverse headlines. As we all wait to see whether the market has enough in the tank to keep climbing what remains of the wall of worry, it's worth paying attention to the various rotations and pockets of enthusiasm taking hold. Race to the next hot thing The small-cap Russell 2000 is perking up and just broke above a six-month downtrend last week. This says more about investors' risk-seeking behavior and search for parts of the market that haven't moved much yet, than it does about any hoped-for economic acceleration. It's a vast and in many ways troubled index yet several of its top holdings are momentum story stocks such as Hims & Hers and Rocket Lab . Last week the IPO of stablecoin issuer Circle sent the speculative juices flowing. A clutch of early investors were happy to sell some of their stake at Circle at the issue price of $31 a share, before a panting public gunned the stock to $107 over two days. Circle now has a market cap exceeding State Street , a somewhat analogous asset intermediary for plain old financial products, which nonetheless has some $46 trillion under custody. This shows that old, loose, bull-market instinct to race toward the next hot thing. The party keeps moving to new locations, each promising a fabulous future if the longshot bets hit, from quantum computing to electric helicopters to drones to uranium processors. And then there's CoreWeave , the AI infrastructure play adjacent to Nvidia , whose moonshot path since coming public two months ago looks an awful lot like SuperMicro's discovery as an AI proxy in late 2023. This isn't about tut-tutting investor aggression or claiming that the market more broadly looks dangerously reckless. Bull markets require a certain measure of "Hey, you never know" thinking in order to keep rolling beyond a certain point. And there's history of the market going from existential panic to exhilarating audacity in a blink, such as when the 1998 near-bear market on hedge-fund blowups reversed to give way to the gluttonous risk binge of 1999. The latter phase was possibly a once-in-a-lifetime manic melt-up, but things can rhyme without precisely repeating. For now, the most intense fun is happening around the edges of a market that is, for now, working off the relief of the last scare and not yet forced to contemplate the next one.
