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Sixty North Gold Mining

CNSX:SXTY
Snowflake Description

Adequate balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SXTY
CNSX
CA$2M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of natural resource properties in Canada. The last earnings update was 18 days ago. More info.


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  • Sixty North Gold Mining has significant price volatility in the past 3 months.
SXTY Share Price and Events
7 Day Returns
-12.5%
CNSX:SXTY
-6%
CA Metals and Mining
-6.2%
CA Market
1 Year Returns
-46.2%
CNSX:SXTY
2.2%
CA Metals and Mining
-2%
CA Market
SXTY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Sixty North Gold Mining (SXTY) -12.5% -12.5% - -46.2% - -
CA Metals and Mining -6% -1% 4.9% 2.2% -4.5% 21.4%
CA Market -6.2% -5% -2.8% -2% 0.6% 8.9%
1 Year Return vs Industry and Market
  • SXTY underperformed the Metals and Mining industry which returned 2.2% over the past year.
  • SXTY underperformed the Market in Canada which returned -2% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

SXTY Value

 Is Sixty North Gold Mining undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Sixty North Gold Mining. This is due to cash flow or dividend data being unavailable. The share price is CA$0.035.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Sixty North Gold Mining's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Sixty North Gold Mining's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
CNSX:SXTY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-10-31) in CAD CA$-0.01
CNSX:SXTY Share Price ** CNSX (2020-02-28) in CAD CA$0.04
Canada Metals and Mining Industry PE Ratio Median Figure of 79 Publicly-Listed Metals and Mining Companies 15.4x
Canada Market PE Ratio Median Figure of 509 Publicly-Listed Companies 14.76x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Sixty North Gold Mining.

CNSX:SXTY PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= CNSX:SXTY Share Price ÷ EPS (both in CAD)

= 0.04 ÷ -0.01

-3.53x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sixty North Gold Mining is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Sixty North Gold Mining is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Sixty North Gold Mining's expected growth come at a high price?
Raw Data
CNSX:SXTY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -3.53x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 40 Publicly-Listed Metals and Mining Companies 0.88x
Canada Market PEG Ratio Median Figure of 246 Publicly-Listed Companies 1.02x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Sixty North Gold Mining, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Sixty North Gold Mining's assets?
Raw Data
CNSX:SXTY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-10-31) in CAD CA$0.04
CNSX:SXTY Share Price * CNSX (2020-02-28) in CAD CA$0.04
Canada Metals and Mining Industry PB Ratio Median Figure of 1,047 Publicly-Listed Metals and Mining Companies 1.45x
Canada Market PB Ratio Median Figure of 2,345 Publicly-Listed Companies 1.31x
CNSX:SXTY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= CNSX:SXTY Share Price ÷ Book Value per Share (both in CAD)

= 0.04 ÷ 0.04

0.79x

* Primary Listing of Sixty North Gold Mining.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Sixty North Gold Mining is good value based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Sixty North Gold Mining's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Sixty North Gold Mining has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

SXTY Future Performance

 How is Sixty North Gold Mining expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Sixty North Gold Mining has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
15%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Sixty North Gold Mining expected to grow at an attractive rate?
  • Unable to compare Sixty North Gold Mining's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Sixty North Gold Mining's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Sixty North Gold Mining's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
CNSX:SXTY Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 15%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 6.2%
Canada Market Earnings Growth Rate Market Cap Weighted Average 9.8%
Canada Market Revenue Growth Rate Market Cap Weighted Average 4.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
CNSX:SXTY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
CNSX:SXTY Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-10-31 0 -1
2019-07-31 0 -1
2019-04-30 -1 -1
2019-01-31 -1 -1
2018-10-31 -1 -1
2018-07-31 -1 -1
2018-04-30 0 -1
2018-01-31 0 -1
2017-10-31 0 -1

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Sixty North Gold Mining is high growth as no earnings estimate data is available.
  • Unable to determine if Sixty North Gold Mining is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
CNSX:SXTY Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Sixty North Gold Mining Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:SXTY Past Financials Data
Date (Data in CAD Millions) EPS *
2019-10-31 -0.01
2019-07-31 -0.01
2019-04-30 -0.02
2019-01-31 -0.02
2018-10-31 -0.02
2018-07-31 -0.02
2018-04-30 -0.02
2018-01-31 -0.02
2017-10-31 -0.02

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Sixty North Gold Mining will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Sixty North Gold Mining's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Sixty North Gold Mining's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Sixty North Gold Mining's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Sixty North Gold Mining's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Sixty North Gold Mining has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

SXTY Past Performance

  How has Sixty North Gold Mining performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Sixty North Gold Mining's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Sixty North Gold Mining does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Sixty North Gold Mining's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Sixty North Gold Mining's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Sixty North Gold Mining's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Sixty North Gold Mining Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

CNSX:SXTY Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-10-31 -0.52 0.38
2019-07-31 -0.71 0.37
2019-04-30 -0.97 0.60
2019-01-31 -0.92 0.60
2018-10-31 -0.90 0.57
2018-07-31 -0.93 0.81
2018-04-30 -0.67 0.58
2018-01-31 -0.64 0.55
2017-10-31 -0.62 0.56
2016-10-31 -0.49 0.46

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Sixty North Gold Mining has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Sixty North Gold Mining has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Sixty North Gold Mining improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Sixty North Gold Mining's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Sixty North Gold Mining has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

SXTY Health

 How is Sixty North Gold Mining's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Sixty North Gold Mining's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Sixty North Gold Mining is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Sixty North Gold Mining has no long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Sixty North Gold Mining's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Sixty North Gold Mining has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Sixty North Gold Mining Company Filings, last reported 3 months ago.

CNSX:SXTY Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-10-31 2.67 0.00 0.15
2019-07-31 2.43 0.00 0.10
2019-04-30 2.44 0.00 0.16
2019-01-31 2.59 0.00 0.28
2018-10-31 2.32 0.00 0.13
2018-07-31 2.52 0.00 0.68
2018-04-30 2.72 0.00 1.28
2018-01-31 1.73 0.00 0.35
2017-10-31 1.82 0.00 0.54
2016-10-31 1.68 0.00 1.14
  • Sixty North Gold Mining has no debt.
  • Sixty North Gold Mining has not taken on any debt in the past 5 years.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Sixty North Gold Mining has less than a year of cash runway based on current free cash flow.
  • Sixty North Gold Mining has less than a year of cash runway if free cash flow continues to reduce at historical rates of -4% each year.
X
Financial health checks
We assess Sixty North Gold Mining's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Sixty North Gold Mining has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

SXTY Dividends

 What is Sixty North Gold Mining's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Sixty North Gold Mining dividends.
If you bought CA$2,000 of Sixty North Gold Mining shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Sixty North Gold Mining's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Sixty North Gold Mining's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
CNSX:SXTY Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 334 Stocks 3.7%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Sixty North Gold Mining has not reported any payouts.
  • Unable to verify if Sixty North Gold Mining's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Sixty North Gold Mining's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Sixty North Gold Mining has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Sixty North Gold Mining's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Sixty North Gold Mining afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Sixty North Gold Mining has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

SXTY Management

 What is the CEO of Sixty North Gold Mining's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Dave Webb
AGE 61
TENURE AS CEO 1.1 years
CEO Bio

Dr. David Ralph Webb, also known as Dave, B.A.Sc. (engineering), M.Sc., Ph.D., P.Geol., P.Eng. serves as President and Chief Executive Officer of Sixty North Gold Mining Ltd. since 2019. Dr. Webb serves as Vice President of Exploration at Etruscus Resources Corp. since January 29, 2019. Dr. Webb has been Technical Consultant of Lake Victoria Mining Company, Inc. since April 10, 2015. He serves as the President of Unisync Corp. He serves as Lead Consultant of GMV Minerals Inc. He discovered both the largest granitic hosted gold deposit in the Northwest Territories and the largest gold deposit in the Yellowknife Greenstone Belt found in the past 30 years. He served as the Chief Scientific Officer and Vice President of Research at Cadus Corporation until July 1999. He served as the President and Chief Executive Officer of Tyhee Gold Corp. where he and his team developed a high-grade gold deposit into production, Mongolia's first hard rock gold mine. He later advanced his discoveries in Yellowknife into a multimillion ounce resource, completed economic and engineering analysis and initiated both Feasibility Studies and permitting. He also developed the Mon Gold Mine into the most recently permitted gold mine in the Yellowknife Gold Belt, operating for seven years, shutting down in 1997 due to declining gold prices. He completed permitting to commence reopening of this mine. Dr. Webb consults to the industry, providing services throughout the world. As a consultant, he coauthored the qualifying report on Fortune Minerals' Nico Deposit, recommending acquisition of what is now the largest bismuth resource in the world, hosted in a polymetallic precious-metal bearing IOCG deposit, through permitting and in construction. Dr. Webb served as Senior Geologist and President of the Bumbat Gold Mine in Mongolia. He served as President and Director of Elysee Development Corp. He has been an Independent Director of Metallis Resources Inc. since February 12, 2014, several private corporations and is on the Advisory Council for the Centre of Training Excellence in Mining. Dr. Webb served as Director of Lake Victoria Mining Company, Inc since March 1, 2013 until April 10, 2015. He served as Director of Tyhee Gold Corp, NWT and Nunavut Chamber of Mines, Member of the Education Committee for the Association for Mineral Exploration, B.C., Blockwatch Captain in Surrey, B.C., and Member of NAPEGG, CIM, PDAC, AMEBC, SEG. Dr. Webb graduated from the University of Toronto with a B.A.Sc. in Geological Engineering where he obtained awards for the highest marks in both third year and fourth year field camps. He obtained his M.Sc. and Ph.D. in Geological Sciences at Queen's University and the University of Western Ontario respectively where his focus was on the structural and geochemical controls on gold mineralization in the Yellowknife Greenstone Belt.

CEO Compensation
  • Insufficient data for Dave to compare compensation growth.
  • Insufficient data for Dave to establish whether their remuneration is reasonable compared to companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Sixty North Gold Mining management team in years:

0.9
Average Tenure
63
Average Age
  • The average tenure for the Sixty North Gold Mining management team is less than 2 years, this suggests a new team.
Management Team

Norman Campbell

TITLE
Chairman & CFO
COMPENSATION
CA$75K
AGE
65
TENURE
2.6 yrs

Ron Handford

TITLE
VP of Corporate Development & Corporate Secretary
COMPENSATION
CA$139K
AGE
67
TENURE
0.8 yrs

Ian Klassen

TITLE
Advisor to the Board
AGE
52
TENURE
0.4 yrs

Dave Webb

TITLE
President & CEO
AGE
61
TENURE
1.1 yrs
Board of Directors Tenure

Average tenure and age of the Sixty North Gold Mining board of directors in years:

2.6
Average Tenure
60.5
Average Age
  • The average tenure for the Sixty North Gold Mining board of directors is less than 3 years, this suggests a new board.
Board of Directors

Norman Campbell

TITLE
Chairman & CFO
COMPENSATION
CA$75K
AGE
65
TENURE
2.6 yrs

Grant Block

TITLE
Independent Director
AGE
61
TENURE
2.6 yrs

Andriyko Herchak

TITLE
Independent Director
AGE
47
TENURE
2.6 yrs

Brian Malahoff

TITLE
Independent Director
AGE
60
TENURE
2.6 yrs

Gavin Kirk

TITLE
Director
TENURE
0.8 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
29. May 19 Buy Handford Management Inc. Company 24. May 19 24. May 19 800,000 CA$0.05 CA$40,000
29. May 19 Buy Norman Campbell Individual 24. May 19 24. May 19 300,000 CA$0.05 CA$15,000
X
Management checks
We assess Sixty North Gold Mining's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Sixty North Gold Mining has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

SXTY News

Simply Wall St News

What Type Of Shareholder Owns Sixty North Gold Mining Ltd.'s (CNSX:SXTY)?

See our latest analysis for Sixty North Gold Mining CNSX:SXTY Ownership Summary, August 8th 2019 What Does The Lack Of Institutional Ownership Tell Us About Sixty North Gold Mining? … General Public Ownership The general public, who are mostly retail investors, collectively hold 63% of Sixty North Gold Mining shares. … Private Company Ownership It seems that Private Companies own 11%, of the SXTY stock.

Simply Wall St -

How Much Are Sixty North Gold Mining Ltd. (CNSX:SXTY) Insiders Spending On Buying Shares?

CNSX:SXTY Recent Insider Trading, June 14th 2019 Sixty North Gold Mining is not the only stock insiders are buying. … Sixty North Gold Mining Insiders Bought Stock Recently Over the last three months, we've seen a bit of insider buying at Sixty North Gold Mining. … Insider Ownership of Sixty North Gold Mining I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders.

Simply Wall St -

Sixty North Gold Mining Ltd. (CNSX:SXTY) Insiders Increased Their Holdings

So before you buy or sell Sixty North Gold Mining Ltd. … Check out our latest analysis for Sixty North Gold Mining. … Sixty North Gold Mining Insider Transactions Over The Last Year.

Simply Wall St -

Who Owns Most Of Sixty North Gold Mining Ltd (CNSX:SXTY)?

I am going to take a deep dive into Sixty North Gold Mining Ltd’s (CNSX:SXTY) most recent ownership structure, not a frequent subject of discussion among individual investors. … A company's ownership structure is often linked to its share performance in both the long- and short-term. … Therefore, it is beneficial for us to examine SXTY's ownership structure in more detail.

Simply Wall St -

SXTY Company Info

Description

Sixty North Gold Mining Ltd. engages in the acquisition, exploration, and development of natural resource properties in Canada. It principally explores for gold. The company holds an option to earn an 80% interest in the Mon Gold Property, including 11 contiguous mining leases and 3 mineral claims covering approximately 1,536.92 acres located in Yellowknife, the Northwest Territories. Sixty North Gold Mining Ltd. was founded in 2016 and is headquartered in Vancouver, Canada.

Details
Name: Sixty North Gold Mining Ltd.
SXTY
Exchange: CNSX
Founded: 2016
CA$2,118,666
60,533,333
Website: http://www.sixtynorthgold.com
Address: Sixty North Gold Mining Ltd.
1177 West Hastings Street,
Suite 2300,
Vancouver,
British Columbia, V6E 2K3,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
CNSX SXTY Common Shares Canadian National Stock Exchange CA CAD 19. Apr 2018
OTCPK SXNT.F Common Shares Pink Sheets LLC US USD 19. Apr 2018
DB 2F4 Common Shares Deutsche Boerse AG DE EUR 19. Apr 2018
Number of employees
Current staff
Staff numbers
0
Sixty North Gold Mining employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/02/29 02:45
End of day share price update: 2020/02/28 00:00
Last earnings filing: 2020/02/11
Last earnings reported: 2019/10/31
Last annual earnings reported: 2019/10/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.