Sixty North Gold Mining (SXTY) AI Stock Analysis

• Market Cap: C$14.59M
• Dividend Yield: N/A
• Average Volume (3M): 110.83K
• Price to Earnings (P/E): ―
• Beta (1Y): 2.28
• Revenue Growth: N/A
• EPS Growth: 56.30%
• Country: CA
• Employees: N/A
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): >-0.01
• Shares Outstanding: 47,828,580
• 10 Day Avg. Volume: 104,616
• 30 Day Avg. Volume: 110,835
• PEG Ratio: 0.13
• Price to Book (P/B): 0.40
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 38.17
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 37 Underperform
• Price Target: ―

Sixty North Gold Mining's stock score reflects significant financial challenges with no revenue and persistent losses. Although recent corporate events indicate potential future growth through exploration and funding, the current financial and operational performance weighs heavily on the stock's attractiveness. The technical analysis suggests a neutral to slightly bearish outlook, and valuation metrics highlight profitability issues. Overall, while there are some positive developments, they do not outweigh the substantial financial and operational risks presently facing the company.

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 11 contiguous mining leases and 3 mineral claims covering approximately 1,536.92 acres located in Yellowknife, the Northwest Territories; and 100% interests in the Hangstone Property, which consists of ten mineral claims comprising 2,102 hectares located in the Northwest Territories. The company was incorporated in 2016 and is headquartered in Vancouver, Canada.

How the Company Makes Money

Sixty North Gold Mining makes money primarily through the exploration and development of its mineral assets, with the goal of reaching production and generating revenue from gold sales. The company invests in exploration activities to increase the resource base and improve the economic viability of its projects. Once in production, revenue is generated from the sale of gold extracted from the properties. Additionally, the company may engage in strategic partnerships, joint ventures, or sell interest in its properties to finance ongoing operations and exploration activities. Key revenue streams include gold sales and potential future royalties or licensing agreements associated with its mineral properties.

Sixty North Gold Mining Financial Statement Overview

Summary

Sixty North Gold Mining faces significant financial challenges with no revenue generation and persistent losses. Despite a strong equity position and no financial liabilities, the company's inability to produce operational income poses a long-term sustainability risk. Improvements in operating cash flows suggest minor operational improvements, yet reliance on external financing for cash needs remains a concern.

Income Statement

Sixty North Gold Mining has consistently recorded zero revenue over the past periods, indicating no operational income generation. The company has experienced significant operating losses with negative EBIT and EBITDA margins, reflecting operational inefficiencies and high fixed costs relative to its non-existent revenue. The net income has been negative, further highlighting the lack of profitability.

Balance Sheet

The company maintains a strong equity position with no debt, as indicated by a debt-to-equity ratio of zero. This suggests financial stability and low leverage risk. However, the consistent negative net income affects the return on equity, which remains negative. The equity ratio is relatively high, which is positive for financial health but overshadowed by the company's inability to generate revenue.

Cash Flow

The operating cash flow has improved in the TTM period, turning positive after several years of negative values, indicating better cash management. However, free cash flow remains negative, primarily due to capital expenditures exceeding operating cash flow. The company's reliance on financing activities for cash inflow underscores a potential risk if external funding sources diminish.

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	-429.12K	-313.29K	-718.48K	-553.66K	-287.28K	-614.08K
Net Income	-520.62K	-314.65K	-1.18M	-777.10K	-717.09K	-627.58K
Balance Sheet
Total Assets	9.51M	9.00M	8.23M	8.72M	6.34M	3.91M
Cash, Cash Equivalents and Short-Term Investments	15.34K	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	758.67K	416.93K	392.17K	531.36K	74.72K	223.95K
Stockholders Equity	8.75M	8.59M	7.83M	8.19M	6.26M	3.69M
Cash Flow
Free Cash Flow	325.17K	90.73K	-541.52K	-1.28M	-1.76M	-1.28M
Operating Cash Flow	321.02K	90.73K	-541.52K	-244.37K	-520.88K	-240.40K
Investing Cash Flow	-755.46K	-711.39K	-147.13K	-1.04M	-1.54M	-1.04M
Financing Cash Flow	309.69K	619.28K	611.72K	332.00K	2.84M	1.42M

Sixty North Gold Mining Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 0.30
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 0.3 is above the 20-day moving average (MA) of 0.26, above the 50-day MA of 0.22, and above the 200-day MA of 0.14, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 58.46 is Neutral, neither overbought nor oversold. The STOCH value of 75.38 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
LOT	48 Neutral	C$16.04M	-137.50	―	―	―	79.88%
NFLD	48 Neutral	C$14.80M	-3.72	-15.47%	―	―	―
NBRK	48 Neutral	C$16.76M	122.73	13.19%	―	―	―
TG	47 Neutral	C$11.21M	-58.75	-7.57%	―	―	―
SXTY	37 Underperform	C$14.59M	-25.85	-5.89%	―	―	56.30%
NINE	30 Underperform	C$17.35M	-13.49	-26.39%	―	―	54.76%

Sixty North Gold Mining Corporate Events

Sixty North Gold Secures $3.6 Million Loan to Restart High-Grade Mon Gold Mine in NWT

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.

Sixty North Gold Completes Final Tranche of Unit Offering, Raising Over $1.6 Million

Sixty North Gold Mining Ltd. has successfully closed the second and final tranche of its unit offering, raising a total of $1,649,969.20. The proceeds will be used for further exploration and development of the Mon Gold Property and general working capital. This financial boost is expected to enhance the company’s operational capabilities and strengthen its position in the gold mining industry.

Sixty North Gold Secures Financing to Restart Mon Gold Mine Operations

Sixty North Gold Mining Ltd. has secured a $3.6 million loan from Vesta Wealth Partners to restart operations at its Mon Gold Mine, marking a significant step in reviving gold production in the Yellowknife Gold Belt. This financing will enable Sixty North Gold to develop its high-grade Mon Gold Mine, which will be the only operating gold mine in the Northwest Territories, potentially impacting the region’s mining industry and providing new opportunities for stakeholders.

Sixty North Gold Completes Final Tranche of Unit Offering

Sixty North Gold Mining Ltd. announced the closing of the second and final tranche of its unit offering, raising a total of $1,649,969.20. The proceeds will be used for further exploration and development of the Mon Gold Property and general working capital. This move supports the company’s ongoing efforts to enhance its mining operations and strengthen its position in the gold mining industry.

Sixty North Gold Closes First Tranche of Unit Offering to Boost Mon Gold Project

Sixty North Gold Mining Ltd. has successfully closed the first tranche of its unit offering, raising gross proceeds of $670,494. The funds will be directed towards further exploration and development of the Mon Gold Property in the Northwest Territories, as well as general working capital. The offering included participation from CEO David Webb, marking it as a related party transaction. Webb’s participation increases his stake in the company to 26.8% of the issued shares, with potential to increase further if warrants are exercised. This development is expected to bolster the company’s operational capabilities and market positioning in the gold mining sector.

Sixty North Gold Revitalizes Mon Mine with New Mill Purchase

Sixty North Gold Mining Ltd. has announced the purchase of a 100 tpd mill for its Mon Gold Mine, marking a significant development in the Yellowknife greenstone belt. This installation will be the first of its kind in over 80 years, aiming to reactivate the historic mine and bring economic benefits to the region. Recent developments at the mine include reopening underground workings and extending production ramps, which will enhance operational capacity and potentially increase gold production.

Sixty North Gold Expands Non-Brokered Unit Offering to Boost Mon Gold Project

Sixty North Gold Mining Ltd. has announced an increase in its non-brokered unit financing to up to $1,650,000, with the funds intended for further exploration and development of the Mon Gold Property in NWT and general working capital. This expansion in financing underscores the company’s commitment to enhancing its mining operations and exploring additional resource targets, potentially strengthening its position in the gold mining industry.

Sixty North Gold Mining Secures $600,000 in First Tranche Financing

Sixty North Gold Mining Ltd. announced the closing of the first tranche of its non-brokered financing, raising up to $600,000 through the sale of units comprising common shares and purchase warrants. The proceeds will be used for further exploration and development of the Mon Gold Property and general working capital. This financing move is expected to bolster the company’s operational capabilities and enhance its market position in the gold mining industry.

Sixty North Gold Settles Debt with Share Issuance

Sixty North Gold Mining Ltd. has announced debt settlements with certain officers and directors, converting $105,000 in accrued fees into 954,543 common shares. This transaction is considered a related party transaction but is exempt from certain regulatory requirements due to the company’s market capitalization. The settlement is part of the company’s financial management strategy, potentially affecting its financial structure and stakeholder interests.

Sixty North Gold Completes Final Tranche of Unit Offering

Sixty North Gold Mining Ltd. has successfully closed its second and final tranche of a unit offering, raising a total of $307,100. The proceeds will be used for further exploration and development of the Mon Gold Property and general working capital, potentially enhancing the company’s operational capabilities and market positioning.

Sixty North Gold Announces $1.5 Million Financing to Boost Mon Gold Project

Sixty North Gold Mining Ltd. has announced a non-brokered financing initiative to raise up to $1.5 million through the issuance of units comprising common shares and purchase warrants. The proceeds will be directed towards the exploration and development of the Mon Gold Property and general working capital. This financing is expected to expedite the acquisition, installation, and commissioning of a 100 tpd gold mill at the Mon Gold Mine, enhancing the company’s operational capabilities and positioning within the industry.

Sixty North Gold Closes First Tranche of Unit Offering to Fund Mon Gold Project

Sixty North Gold Mining Ltd. has successfully closed the first tranche of its unit offering, raising $257,100 through the issuance of 4,285,000 units. The proceeds will support further exploration and development of the Mon Gold Property in the Northwest Territories and cover general working capital needs. This financial move is expected to bolster the company’s operational capabilities and enhance its position within the gold mining industry.

Sixty North Gold Advances Mon Gold Mine Restart with New Financing

Sixty North Gold Mining Ltd. is progressing towards restarting sustainable gold production at its Mon Gold Mine, with plans to commission a 100 tpd gold mine and mill by summer 2026. The company has arranged a non-brokered financing to raise $315,000 for further exploration and development of the Mon Gold Property, which will enhance its operations and potentially benefit shareholders amid record gold prices.