Sixty North Gold Mining Ltd (SXTY) Financings
CSE: SXTY · Gold · Development stage
- Market cap$11.6M
- Share price$0.145
- 52-week range$0.100 – $0.440
- Shares outstanding80,324,542
- ExchangeCSE
- Websitewww.sixtynorthgold.com
Sixty North Gold Mining Ltd. is focused on restarting the high-grade past producing Mon Mine, 40 km north of Yellowknife, NWT, within the prolific Yellowknife Gold Camp. The Mon Mine produced 15,000 ounces of gold from 15,000 tonnes of ore between 1989-1997. Permits to explore, mine and mill at 100 tpd are in place, and the Mon is the only gold project permitted for production in the NWT. Other targets on the property include recently discovered silver- and gold-rich VMS targets as well as the giant shear zone-hosted gold mineralization. The shear zone is similar in nature to, and hosted in the same rocks as, the world-class deposits at the Con and Giant Mines in Yellowknife which produced 14 million oz. gold. The Mon Gold Property consists of 11 contiguous mining leases and 3 mineral claims, comprising an aggregate 622 hectares, located in the South MacKenzie Mining District, NWT.
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Sixty North Gold Mining Ltd financial statements
Key figures read from 9 of 9 financial statement filings, Sep 28, 2018 to Mar 2, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| Oct 2025 | Oct 2024 | Oct 2023 | Oct 2022 | Oct 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | C$384,061 | C$35,863 | C$37,247 | C$114,180 | C$1,067,749 |
| Total current assets | C$399,106 | C$44,387 | C$98,312 | C$219,270 | C$1,190,917 |
| Total current liabilities | C$754,438 | C$416,929 | C$392,171 | C$531,355 | C$74,715 |
| Working capital | (C$355,332) | (C$372,542) | (C$293,859) | (C$312,085) | C$1,116,202 |
| Exploration and evaluation assets | C$9,105,094 | C$8,530,941 | C$7,699,264 | C$8,069,661 | C$4,728,331 |
| Total assets | C$9,931,740 | C$9,002,868 | C$8,225,116 | C$8,716,471 | C$6,338,788 |
| Shareholders' equity | C$9,177,302 | C$8,585,939 | C$7,832,945 | C$8,185,116 | C$6,264,073 |
Income statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| General and administrative | C$284,967 | C$254,070 | C$451,575 | C$211,351 | C$205,942 |
| Share-based compensation | C$77,335 | C$184,964 | C$10,582 | C$34,096 | C$75,654 |
| Impairments and write-downs | — | C$0 | C$15,000 | C$0 | C$7,583 |
| Net income (loss) | (C$582,789) | (C$314,650) | (C$1,184,468) | (C$666,665) | (C$712,559) |
Cash flow statement: annual key figures
Canadian dollars (C$), figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Oct 2025 | FY Oct 2024 | FY Oct 2023 | FY Oct 2022 | FY Oct 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | (C$270,366) | C$90,731 | (C$541,517) | (C$244,371) | (C$520,877) |
| Investing cash flow | (C$325,757) | (C$711,395) | (C$147,131) | (C$1,041,198) | (C$1,539,279) |
| Financing cash flow | C$944,321 | C$619,280 | C$611,715 | C$332,000 | C$2,836,217 |
| Exploration spending (capitalized) | (C$325,757) | (C$711,395) | (C$147,131) | (C$1,033,198) | (C$1,235,952) |
| Proceeds from share issues | C$541,195 | C$497,240 | C$611,715 | C$332,000 | C$2,836,217 |
| Change in cash | C$348,198 | (C$1,384) | (C$76,933) | (C$953,569) | C$776,061 |
| Cash at end of period | C$384,061 | C$35,863 | C$37,247 | C$114,180 | C$1,067,749 |
Sixty North Gold Mining Ltd financings
4 financings announced or closed by Sixty North Gold Mining Ltd, read by Mining News Terminal, newest first.
| Date | Company | Type | Stage | Amount | Unit price | Release |
|---|---|---|---|---|---|---|
| 2026-01-13 | Sixty North Gold Mining Ltd (SXTY) | Private placement, non-brokered | Closed, 1 tranche | $1.5M | $0.250 | Sixty North Gold Announces Non-Brokered $1,500,000 Unit Offering |
| 2025-11-18 | Sixty North Gold Mining Ltd (SXTY) | Private placement | Announced | $5.0M | — | Sixty North Gold Announces Project Financing to Restart Operations at the High-Grade Mon Gold Mine |
| 2025-10-22 | Sixty North Gold Mining Ltd (SXTY) | Private placement, non-brokered | Closed, 3 tranches | $3.6M | $0.110 | Sixty North Gold Announces Non-Brokered $1,500,000 Unit Offering |
| 2025-10-14 | Sixty North Gold Mining Ltd (SXTY) | Private placement, non-brokered | Closed, 1 tranche | $315K | $0.060 | Sixty North Gold Provides Mon Gold Mine Update and Announces Non-Brokered Unit Offering |
Sixty North Gold Mining Ltd debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Sixty North Gold Mining Ltd has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2025-12-24 | Loan, closed / funded | Vesta Wealth Partners Ltd | C$3.6M | 12% |
| 2025-11-18 | Loan, proposed | — | C$3.6M | 12% |