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Sixty North Gold Mining
(SXTY)
Sixty North Gold Mining (SXTY) vs. iShares MSCI Canada ETF (EWC)
Sixty North Gold Mining Business Overview & Revenue Model
Sixty North Gold Mining Financial Statement Overview
| Breakdown | Oct 2025 | Jan 2025 | Jan 2024 | Jan 2023 | Jan 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -578.30K | -313.29K | -718.48K | -553.66K | -287.28K |
| Net Income | -582.79K | -314.65K | -1.18M | -777.10K | -717.09K |
Balance Sheet | |||||
| Total Assets | 9.93M | 9.00M | 8.23M | 8.72M | 6.34M |
| Cash, Cash Equivalents and Short-Term Investments | 384.06K | 35.86K | 37.25K | 114.18K | 1.07M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 754.44K | 416.93K | 392.17K | 531.36K | 74.72K |
| Stockholders Equity | 9.18M | 8.59M | 7.83M | 8.19M | 6.26M |
Cash Flow | |||||
| Free Cash Flow | -270.37K | 90.73K | -541.52K | -1.28M | -1.76M |
| Operating Cash Flow | -270.37K | 90.73K | -541.52K | -244.37K | -520.88K |
| Investing Cash Flow | -325.76K | -711.39K | -147.13K | -1.04M | -1.54M |
| Financing Cash Flow | 944.32K | 619.28K | 611.72K | 332.00K | 2.84M |
Sixty North Gold Mining Technical Analysis
Sixty North Gold Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
49 Neutral | C$10.49M | 12.75 | -7.57% | ― | ― | ― | |
48 Neutral | C$13.87M | -12.60 | -5.89% | ― | ― | 56.30% | |
48 Neutral | C$17.07M | -120.12 | 13.19% | ― | ― | ― | |
45 Neutral | C$17.77M | -1.61 | ― | ― | ― | 79.88% | |
43 Neutral | C$15.76M | -24.57 | -26.39% | ― | ― | 54.76% |
Sixty North Gold Mining Corporate Events
Sixty North Gold Mining has completed construction of the winter road to its Mon Gold Mine in the Northwest Territories and begun mobilizing crews and equipment, positioning the site to commence gold production this year. The company is advancing underground development on the A-Zone and newly identified DD-Zone while planning to extend the main ramp to access deeper mining levels in the historic Yellowknife gold belt.
A 100-tonne-per-day mill shipment from China is scheduled to arrive in early March, with assembly targeted for late April and commissioning by early summer, enabling 24/7 processing of ore from the second level of the A-Zone vein. Management highlights strong support from government and First Nations as the project moves toward production, and reports that recent warrant exercises have modestly bolstered the company’s finances ahead of this transition.
Sixty North Gold Mining plans to start gold production this year at its Mon Gold Mine near Yellowknife, with a new 100-tonne-per-day mill currently en route to Canada and scheduled to be hauled to site via a winter road that is now under construction. Crews will install a new 20-person camp and clear wildfire debris ahead of mill assembly in late April, followed by commissioning in June and July, enabling round-the-clock processing of ore from the A-Zone and evaluation of the DD-Zone for new stopes while extending the main ramp to deeper levels, marking a key step in reviving high-grade production and advancing the company’s broader exploration portfolio in the Yellowknife gold belt.
Sixty North Gold Mining Ltd. has closed a non-brokered unit financing for gross proceeds of $1.5 million, with two finders receiving a combined $51,000 in cash and 480,000 finders’ warrants. The company intends to deploy the new capital toward further exploration and development work at its Mon Gold Property in the Northwest Territories, as well as for general working capital, bolstering its efforts to bring the underground mine and 100 tpd mill into sustained operation within the prolific Yellowknife gold camp.
Sixty North Gold Mining Ltd. plans to close a non-brokered private placement of 6 million units at $0.25 per unit, raising gross proceeds of $1.5 million, subject to there being no objection from the Canadian Securities Exchange. Each unit consists of one common share and half of a share purchase warrant, with each whole warrant exercisable at $0.30 for one year, and the financing includes cash finder’s fees and finder’s warrants. The company intends to use the proceeds to advance exploration and development at its Mon Gold Property in the Northwest Territories and for general working capital, bolstering its efforts to restart and expand production in the historically high-grade Yellowknife gold camp.
Sixty North Gold Mining announced that construction of the winter road to its Mon Gold Mine is underway, enabling delivery of 19 truckloads of supplies, including a 100-tonne-per-day mill, to the remote site northeast of Yellowknife in February and March. Partnering with logistics and construction specialist Matrix for the northern segment of the road, the company aims to assemble and commission the mill by mid-year, allowing continuous processing of ore from the A-Zone’s second level while evaluating the DD-Zone for stope development and extending the main ramp to a third level, marking a key step toward near-term gold production and advancement of its underground mine plan.
Sixty North Gold Mining Ltd. has launched a non-brokered private placement of up to 6 million units at $0.25 per unit to raise as much as $1.5 million, with each unit consisting of one share and half a warrant exercisable at $0.30 for one year, and eligible finders to receive cash and warrant compensation. The company plans to use the proceeds to fund further exploration and development work at its Mon Gold Property in the Northwest Territories and for general working capital, with insiders allowed to participate under related-party transaction exemptions, a move that should support ongoing underground expansion and potential resource growth in the high-grade Yellowknife gold camp.
Sixty North Gold Mining has confirmed that its mill equipment and a refurbished six-unit trailer camp are scheduled for shipment and delivery to its Mon Property in the Northwest Territories this winter, with contract crews engaged to move and assemble the infrastructure. Benefiting from an early and robust winter road season, the company aims to relocate all necessary equipment to the past-producing Mon Mine to support a restart of underground production in the first half of 2026, with gold pours expected to follow shortly thereafter, marking a key step toward re-establishing high-grade gold output in the historic Yellowknife camp.
Sixty North Gold Mining has strengthened its board of directors with the appointments of investment banker Daniel Martin and geoscience executive Michelle Legat, adding capital-markets expertise and advanced geological and AI-driven technical capabilities as the company moves toward restarting production at its Mon Gold Mine near Yellowknife. Alongside the board expansion, the company granted 1,537,500 incentive stock options to directors, officers and consultants at an exercise price of $0.30 per share expiring in 2031, a step that aligns management and insider incentives with the long-term development of its high-grade gold project in one of Canada’s historically prolific gold camps.
Sixty North Gold Mining has closed a $3.6 million term loan financing with Vesta Wealth Partners to fund the restart of its high-grade Mon Gold Mine, which is expected to become the only operating gold mine in the Northwest Territories and the first new operation in the Yellowknife Gold Belt in decades. The three-tranche loan, carrying 12% interest and a 36‑month term, is backed by a senior security interest over the Mon Gold Mine and supplemented by share purchase warrants, a 2.5% net smelter return royalty with a buyback option, and Vesta’s right to appoint two board members, giving the lender both financial and governance influence as the project moves toward initial production. Management says the proceeds will cover mobilization, installation and commissioning of the company’s new 100 tpd mill and support the ramp-up to first gold pours, positioning Sixty North Gold to leverage currently supportive gold prices and the Yellowknife district’s high-grade pedigree, with the financing viewed by both parties as a potential foundation for a longer-term partnership as the mine advances through 2026.