Sixty North Gold Mining (TSE:SXTY)
:SXTY
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Sixty North Gold Mining
(SXTY)
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Rating:47Neutral
Price Target:
C$0.32
▼(-11.11% Downside)
Action:ReiteratedDate:03/29/26
The score is primarily constrained by weak financial performance (zero revenue, ongoing losses, and negative cash flow) and limited valuation support given a negative P/E and no dividend yield. Technicals are comparatively better but remain mixed, with neutral momentum indicators and an uneven trend versus key moving averages.
Positive Factors
Strong equity cushion
A large equity base versus total assets gives the company a durable financial buffer to fund exploration and working capital needs without immediate insolvency risk. This cushion supports runway and strategic flexibility across several quarters while revenue remains absent.
Negative Factors
Zero reported revenue
Operating without any reported revenue is a fundamental structural weakness: it prevents internal funding of operations, leaves the firm dependent on external capital, and means there is no validated commercial model or scale to drive margins or reinvestment over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong equity cushion
A large equity base versus total assets gives the company a durable financial buffer to fund exploration and working capital needs without immediate insolvency risk. This cushion supports runway and strategic flexibility across several quarters while revenue remains absent.
Read all positive factors
Sixty North Gold Mining (SXTY) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$24.96M
Dividend YieldN/A
Average Volume (3M)110.83K
Price to Earnings (P/E)―
Beta (1Y)2.42
Revenue GrowthN/A
EPS Growth56.30%
CountryCA
Employees10
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding76,792,840
10 Day Avg. Volume104,616
30 Day Avg. Volume110,835
Financial Highlights & Ratios
PEG Ratio-0.32
Price to Book (P/B)0.80
Price to Sales (P/S)0.00
P/FCF Ratio-27.16
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Sixty North Gold Mining Business Overview & Revenue Model
Company Description
Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of natural resource properties in Canada. The company primarily explores for gold. It holds an option to purchase an 80% interest in the Mon Property, including ...
How the Company Makes Money
null...
Sixty North Gold Mining Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
48
Neutral
Cash Flow
22
Negative
| Breakdown | Jan 2026 | 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
Positive
0.36
Price Trends
0.31
Positive
0.28
Positive
0.19
Positive
Market Momentum
>-0.01
Negative
59.83
Neutral
73.46
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SXTY, the sentiment is Positive. The current price of 0.36 is above the 20-day moving average (MA) of 0.28, above the 50-day MA of 0.31, and above the 200-day MA of 0.19, indicating a bullish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 59.83 is Neutral, neither overbought nor oversold. The STOCH value of 73.46 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:SXTY.
Sixty North Gold Mining Peers Comparison
UnderperformOutperform
Sector (61)
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$9.54M | 12.75 | -7.57% | ― | ― | ― | |
48 Neutral | C$21.73M | -120.12 | 13.19% | ― | ― | ― | |
47 Neutral | C$24.96M | -8.84 | -5.89% | ― | ― | 56.30% | |
45 Neutral | C$16.29M | -1.61 | ― | ― | ― | 79.88% | |
43 Neutral | C$10.19M | -24.57 | -26.39% | ― | ― | 54.76% |
* Basic Materials Sector Average
TSE:SXTY
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Sixty North Gold Mining Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Sixty North Gold Moves Closer to Mon Mine Restart as Equipment Reaches Site
Positive
Apr 2, 2026
Sixty North Gold Mining has mobilized all required mining and processing equipment to its Mon Gold Mine site north of Yellowknife via winter road, keeping within its budget and reporting no lost-time accidents or environmental incidents. The compa...
Business Operations and Strategy
Sixty North Gold Mobilizes Mill and Crews to Launch Production at Mon Mine
Positive
Mar 18, 2026
Sixty North Gold Mining has mobilized nearly all required equipment and more than 300,000 kg of supplies to its Mon Gold Mine in the Northwest Territories, aiming to begin gold production this year despite some expected cost overruns, particularly...
Business Operations and StrategyPrivate Placements and Financing
Sixty North Gold Mobilizes Crews and Mill as Mon Mine Moves Toward Production
Positive
Mar 2, 2026
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 ...
Business Operations and Strategy
Sixty North Gold Advances Mon Mine Toward 2026 Production Start
Positive
Feb 4, 2026
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 construct...
Business Operations and StrategyPrivate Placements and Financing
Sixty North Gold Raises $1.5 Million to Advance Mon Gold Project in NWT
Positive
Jan 27, 2026
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 towa...
Business Operations and StrategyPrivate Placements and Financing
Sixty North Gold to Raise $1.5 Million for Mon Gold Project Development
Positive
Jan 22, 2026
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 consist...
Business Operations and Strategy
Sixty North Gold Advances Winter Road and Mill Installation at Mon Gold Mine
Positive
Jan 15, 2026
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 an...
Business Operations and StrategyPrivate Placements and Financing
Sixty North Gold Plans $1.5 Million Financing to Advance Mon Gold Project
Positive
Jan 13, 2026
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, an...
Business Operations and Strategy
Sixty North Gold Advances Infrastructure to Restart Mon Mine Production in 2026
Positive
Jan 12, 2026
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 ass...
Business Operations and StrategyExecutive/Board Changes
Sixty North Gold Expands Board and Grants Options as Mon Mine Restart Advances
Positive
Jan 6, 2026
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 capa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.