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Sixty North Gold Mining
(OTC: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 | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | -175.22K | -313.29K | -718.48K | -553.66K | -287.28K | -201.82K |
| Net Income | -292.93K | -314.65K | -1.18M | -777.10K | -717.09K | -627.58K |
Balance Sheet | ||||||
| Total Assets | 8.98M | 9.00M | 8.23M | 8.72M | 6.34M | 3.91M |
| Cash, Cash Equivalents and Short-Term Investments | 11.79K | 35.86K | 37.25K | 114.18K | 1.07M | 291.69K |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 462.98K | 416.93K | 392.17K | 531.36K | 74.72K | 223.95K |
| Stockholders Equity | 8.52M | 8.59M | 7.83M | 8.19M | 6.26M | 3.69M |
Cash Flow | ||||||
| Free Cash Flow | -71.98K | 90.73K | -541.52K | -1.28M | -1.76M | -1.28M |
| Operating Cash Flow | 79.41K | 90.73K | -541.52K | -244.37K | -520.88K | -240.40K |
| Investing Cash Flow | -711.31K | -711.39K | -147.13K | -1.04M | -1.54M | -1.04M |
| Financing Cash Flow | 619.28K | 619.28K | 611.72K | 332.00K | 2.84M | 1.42M |
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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $83.07B | 24.95 | 11.45% | 1.38% | 32.68% | 419.46% | |
78 Outperform | $5.77B | 12.59 | 8.91% | ― | 41.46% | 187.54% | |
76 Outperform | $6.51B | ― | -17.61% | 3.00% | 5.97% | -1677.31% | |
62 Neutral | $9.84B | 9.25 | -0.43% | 3.02% | 2.17% | -35.02% | |
37 Underperform | C$4.17M | ― | -3.61% | ― | ― | 90.89% |
Sixty North Gold Mining Corporate Events
Sixty North Gold Mining Ltd. has announced the granting of incentive stock options to its directors, officers, and consultants, allowing them to purchase up to 802,500 common shares at a specified price. This move is part of the company’s broader strategy to enhance its mining operations at the Mon Gold Project, where it plans to develop additional stopes and process mined material with a permitted mill. The recent drill testing of the VMS target and pending assays indicate ongoing exploration efforts, which could impact future operations and stakeholder interests.
Spark’s Take on TSE:SXTY Stock
According to Spark, TipRanks’ AI Analyst, TSE:SXTY is a Underperform.
Sixty North Gold Mining’s overall score reflects significant financial challenges, as evidenced by persistent losses and lack of revenue. The technical analysis suggests a neutral to slightly bearish outlook, while valuation metrics highlight profitability issues. Despite positive corporate events indicating future potential, the current financial and operational performance weighs heavily on the stock’s attractiveness.
To see Spark’s full report on TSE:SXTY stock, click here.
Sixty North Gold Mining Ltd. announced promising initial results from its Volcanogenic Massive Sulphide (VMS) drill program on the Mon Property, intersecting multiple sulphide zones. These findings, confirmed by geophysical surveys, suggest significant mineralization potential, enhancing the company’s strategic metal portfolio and reducing future development costs due to proximity to infrastructure. The results indicate potential for diversification and expansion of the company’s mining operations, which could positively impact its market positioning and stakeholder interests.
Sixty North Gold Mining Ltd. announced the successful closing of the second and final tranche of its non-brokered unit offering, raising a total of $242,094.75. The funds will be used for exploration and development of the Mon Gold Property and general working capital. This financial move supports the company’s strategic focus on expanding its mining operations and exploring new targets, potentially enhancing its position in the gold mining industry.
Sixty North Gold Mining Ltd. has successfully closed the first tranche of its unit offering, raising gross proceeds of $100,236. The funds will be used for further exploration and development of the Mon Gold Property and general working capital. This move is expected to enhance the company’s operational capabilities and strengthen its position in the gold mining industry.
Sixty North Gold Mining Ltd. has announced a non-brokered private placement to raise up to $250,000 through the issuance of units, each comprising a common share and a share purchase warrant. The funds will be allocated towards further exploration and development of the Mon Gold Property and general working capital. This move is expected to support the company’s ongoing efforts to expand its mining operations and strengthen its position in the gold mining industry.
Sixty North Gold Mining Ltd. has announced the mobilization of drill crews to test newly discovered precious metals-rich Volcanogenic Massive Sulphide (VMS) targets on its Mon Gold Property. These targets, identified through recent geological surveys, present significant opportunities for resource expansion, potentially enhancing the company’s operational scope and market positioning. The exploration of these VMS targets could have substantial implications for stakeholders, given the high-grade mineralization observed in nearby deposits.