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Sixty North Gold Mining (SXTY) AI Stock Analysis

TSE:SXTY

Sixty North Gold Mining

(CNQX:SXTY)

Select Model
Rating:42Neutral
Price Target:CAD 0.11â–¼(-3.64% Downside)
Action:reiterated
Date:09/30/26

The overall score is driven primarily by weak underlying financial performance, with zero revenue, widening losses, and negative cash flows creating high funding and execution risk. Technical indicators add further pressure through a clear downtrend and mildly bearish momentum, while valuation offers little current support due to negative earnings and no dividend. Together, these factors position the stock as a high-risk, early-stage gold developer with significant dependence on successful project advancement.

Positive Factors
Modest LeverageThe relatively low debt-to-equity ratio provides a financial cushion compared with a highly leveraged exploration company. Limited leverage can preserve flexibility to fund property advancement and absorb operating volatility, although continued losses could weaken that advantage over time.
Negative Factors
No Reported RevenueThe absence of reported revenue over multiple fiscal periods indicates that the company has not yet established a producing or revenue-generating operating model. This limits operating leverage, leaves performance dependent on financing and exploration progress, and delays internally funded growth.

Sixty North Gold Mining (SXTY) vs. iShares MSCI Canada ETF (EWC)

-50%-25%0%25%50%75%100%125%150%TSE:SXTY-33.33%EWC+21.27%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
CAD 6.96M
Dividend Yield
―
Average Volume (3M)
98.29K
Price to Earnings (P/E)
-4.7
Beta (1Y)
1.85
Revenue Growth
―
EPS Growth
-97.46%
Country
Canada
Employees
10
Sector
Basic Materials
Sector Strength
61
Industry
Gold

Sixty North Gold Mining Business Overview & Revenue Model

Company Description

Sixty North Gold Mining Ltd. is a Canadian company primarily engaged in the acquisition, exploration, and development of natural resource properties, with a significant emphasis on gold. The firm currently holds an option to secure an 80% ownership s...

How the Company Makes Money

null

Sixty North Gold Mining Financial Statement Overview

Summary

Financial performance is weak, reflecting a pre-revenue profile with widening operating and net losses, persistently negative and volatile cash flows, and reliance on external financing, partially offset by growing assets and modest debt.

Income Statement

18Very Negative

Balance Sheet

64Positive

Cash Flow

33Negative
Financial statement breakdown
BreakdownTTMJan 2026Jan 2025Jan 2024Jan 2023Jan 2022
Income Statement
Total Revenue000000
Gross Profit000000
EBITDA-1.11M-578.30K-313.29K-718.48K-553.66K-282.75K
Net Income-1.61M-582.79K-314.65K-1.18M-777.10K-717.09K
Balance Sheet
Total Assets14.72M9.93M9.00M8.23M8.72M6.34M
Cash, Cash Equivalents and Short-Term Investments1.84M384.06K35.86K37.25K114.18K1.07M
Total Debt1.90M00000
Total Liabilities2.18M754.44K416.93K392.17K531.36K74.72K
Stockholders Equity12.55M9.18M8.59M7.83M8.19M6.26M
Cash Flow
Free Cash Flow-920.13K-270.37K90.73K-541.52K-1.28M-1.76M
Operating Cash Flow-920.14K-270.37K90.73K-541.52K-244.37K-520.88K
Investing Cash Flow-3.79M-325.76K-711.39K-147.13K-1.04M-1.54M
Financing Cash Flow6.54M944.32K619.28K611.72K332.00K2.84M

Sixty North Gold Mining Technical Analysis

Technical Analysis SentimentNegative
Last Price0.11

Price Trends

50DMA0.15Negative
100DMA0.16Negative
200DMA0.25Negative

Market Momentum

MACD-0.01Positive
RSI31.83Neutral
STOCH27.78Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:SXTY, the sentiment is Negative. The current price of 0.11 is below the 20-day moving average (MA) of 0.14, below the 50-day MA of 0.15, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 31.83 is Neutral, neither overbought nor oversold. The STOCH value of 27.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:SXTY.

Sixty North Gold Mining Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

TSE:SXTY against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%
TSE:NINETSE:NINE48NeutralCAD 20.47M-6.69-36.39%――-3.29%
TSE:TGTSE:TG43NeutralCAD 6.21M366.670.17%―――
TSE:SXTYTSE:SXTY42NeutralCAD 8.68M-4.72-13.53%――-97.46%
TSE:LOTTSE:LOT41NeutralCAD 7.81M-2.87-518.12%――-155.88%
TSE:NBRKTSE:NBRK39UnderperformCAD 15.46M-6.12-68.49%――-1878.57%

* Basic Materials Sector Average

Performance Comparison

0%200%400%600%TSE:SXTYTSE:LOTTSE:TGTSE:NINETSE:NBRKDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
TSE:SXTY and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TSE:SXTYSixty North Gold Mining Ltd.0.11-0.05-31.25%
TSE:LOTTomaGold Corp0.03-0.01-37.50%
TSE:TGTrifecta Gold Ltd.0.11-0.19-63.33%
TSE:NINENine Mile Metals Ltd.0.100.07200.00%
TSE:NBRKNew Break Resources Ltd.0.17-0.12-41.38%

Sixty North Gold Mining Corporate Events

Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance

Sixty North Gold settles insider debt with shares and issues new options as Mon Mine development advances

Positive
Oct 2, 2026

Sixty North Gold Mining Ltd. has moved to settle $130,000 in accrued management and consulting fees owed to certain officers and directors by issuing 928,570 common shares at $0.14 per share, with the transaction structured as a related-party deal un...

Business Operations and Strategy

Sixty North Gold Sees Cost Savings From Proposed Arctic Corridor Road

Positive
Aug 19, 2026

Sixty North Gold Mining says the proposed Arctic Economic and Security Corridor all-weather road will run through its wholly owned Mon Gold Mine in the Northwest Territories. The company welcomes the route agreement reached by the Yellowknives Dene F...

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.

Date of analysis: Sep 30, 2026