Business
Sixty North Gold Announces Mine Development Update
Vancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to present an operational update, and mine and mill development plans.Sixty North Gold spent much of the past few months discussing financing options for the transition from development to operations. This requires refining operating and capital costs.ExpendituresThe Company has invested $6.2 million developing..
About this update from Sixty North Gold Mining Ltd
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - August 25, 2025) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to present an operational update, and mine and mill development plans.","length":276,"tagName":"p"},{"type":"text","content":"Sixty North Gold spent much of the past few months discussing financing options for the transition from development to operations. This requires refining operating and capital costs.","length":182,"tagName":"p"},{"type":"text","content":"Expenditures","length":12,"tagName":"p"},{"type":"text","content":"The Company has invested $6.2 million developing the Mon Gold Mine since 2017 including;","length":88,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"$2.6 million in acquisition costs and","length":37,"tagName":"p"}]},{"val":[{"type":"text","content":"$3.6 million in exploration and development costs on the mine including:","length":72,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":109,"olType":false},{"type":"list","items":[],"tagName":"ul","bulletedList":true,"length":0,"olType":false},{"type":"text","content":"Development","length":11,"tagName":"p"},{"type":"text","content":"A total of 226 metres of development has been completed including repairing the portal, slashing and advancing the ramp, crosscut drives and services installation. Sixty has now accessed the A-Zone quartz veins below the two historic stopes. The historic stopes extracted the A-Zone vein for a total of 112 m of strike length and each 15 m in elevation yielded 15,000 tonnes of ore at a reconciled grade of 30 gpt gold, or 1,000 ounces of gold per vertical metre (see NI 43-101 Technical Report August 3, 2023).","length":511,"tagName":"p"},{"type":"text","content":"Direct operating costs of $10,000 per day or $4,800 per metre advanced for labour and consumables were incurred during the 2024 mining operations (ref. Annual Financial Statements, 2024). This equates to $143 in operating costs per tonne of rock extracted in development. This was based on two miners working on a single shift, plus the mine manager, geologist, mechanic, and support staff.","length":390,"tagName":"p"},{"type":"text","content":"Plans","length":5,"tagName":"p"},{"type":"text","content":"In 2026 the Company plans to subdrif...