Sixty North Gold Provides Project Update
Rhea-AI Summary
Sixty North Gold (OTC: SXNTF) provided a project update on January 12, 2026, outlining plans to restart gold production at its wholly‑owned Mon Property, Yellowknife, NWT, in 2026.
The company's mill provider confirmed all equipment will be ready for shipping next week, to be transported by ship to Vancouver and rail to Edmonton. A refurbished six‑unit trailer camp purchased in Alberta will be delivered in February 2026 alongside the mill and ancillary supplies. Contract crews are being engaged for movement and assembly.
Management said favorable winter road conditions — cold weather with limited snow and thick ice — support moving equipment onto the past‑producing Mon Property this winter, targeting a production restart in H1 2026 with gold pours commencing within two months of restart.
Positive
- All mill equipment confirmed ready for shipping next week
- Refurbished six‑unit trailer camp to arrive February 2026
- Contract crews engaged for equipment movement and assembly
- Targeting production restart in H1 2026 with pours within two months
Negative
- Production timetable depends on winter road access and logistics
- Equipment delivery requires multi‑leg transport (ship to Vancouver, rail to Edmonton)
News Market Reaction
On the day this news was published, SXNTF gained 4.05%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - January 12, 2026) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to provide an update on its plan to commence gold production this year on its wholly-owned Mon Property, Yellowknife, NWT.
Our mill provider confirms all equipment will be ready for shipping next week, to be delivered by ship to Vancouver and rail to Edmonton. A six-unit trailer camp has been purchased in Alberta and has been refurbished and will be delivered in February 2026 together with the mill and other ancillary equipment and supplies to the property. Contract crews are being engaged to assist in the movement and assembly of this equipment.
Dave Webb comments, "We are very pleased that our suppliers have worked hard to meet our schedules. We expect to provide additional updates over the next few months as the winter road season is upon us, with some of the earliest road openings on record. Cold weather with limited snow is creating thick ice enabling faster and stronger roads to be constructed. Our plan to move all necessary equipment onto the past-producing Mon Property this winter will enable production in the mine to restart in the first half of 2026 with gold pours commencing within two months of that."
About the Company
Sixty North Gold is developing mining operations for gold on its 100-per-cent-owned Mon Gold Project. Mining in the 1990's extracted 15,000 tonnes of ore to depths of only 15 metres below surface, recovering an estimated 15,000 ounces of gold in the 1990s (Company Technical Report NI 43-101, August 3, 2023 on SEDAR or https://sixtynorthgold.com/projects/technical-report/. Recently, underground development has intersected the productive A-Zone 17 m below the historic stopes as well as a newly identified zone, the DD-Zone in the main ramp. The company plans to develop and mine stopes in the East Limb, West Limb and DD Zone and to extend the ramp to allow for the development of deeper levels.
The silver-rich VMS deposits (https://sixtynorthgold.com/projects/volcanogenic-massive-sulphide-vms-deposits/), the large shear zone-hosted gold targets (https://sixtynorthgold.com/projects/shear-zones/), and the critical-element-enriched IOCG-style mineralization (https://sixtynorthgold.com/projects/iocg-target/) will be explored and developed as warranted.
The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better (Discovery Mine with one million ounces of gold produced, and Sixty North Gold's Mon Mine), and two that averaged 15 gpt or better for a total production of over 14 million ounces of gold (Con Mine and Giant Mine); (ref. Company Technical Report NI 43-101, August 3, 2023).
The technical content of this release has been reviewed and approved by Dr. D.R. Webb, P.Geol, P.Eng., President and CEO of Sixty North Gold Mines Ltd.
For more information, please refer to the Company's public filings available on SEDAR+(www.sedarplus.ca), under the Company's profile.
ON BEHALF OF THE BOARD OF DIRECTORS
"Dave Webb"
Dave Webb, President & CEO
For further information, please contact:
Dave Webb
Tel.: 604 818-1400
Email: dave@drwgcl.com
Website: www.sixtynorthgold.com
Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Further details about the risks applicable to the Company are contained in the Company's public filings available on SEDAR+ (www.sedarplus.ca), under the Company's profile.
THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/280002
FAQ
What did Sixty North Gold (SXNTF) announce about Mon Property production on January 12, 2026?
When will the mill equipment and trailer camp for SXNTF be delivered to the property?
How is Sixty North Gold (SXNTF) transporting equipment to Yellowknife for the Mon Property restart?
What operational conditions did management cite for enabling SXNTF's 2026 timeline?
Will Sixty North Gold (SXNTF) use outside crews for the Mon Property restart?
