Announcement • Jun 19
Sixty North Gold Mining Provides Update on Scheduled Development At Mon Gold Mine Sixty North Gold Mining Ltd. has been informed that the Mackenzie Valley Land and Water Board has requested all mine and mill developers without an approved Water Management Plan to collect additional baseline sampling prior to submitting that plan. This change in policy is apparently derived from concerns about how the environment has changed subsequent to the drought and wildfires across the Northwest Territories. This directive affects Sixty North Gold Mining Ltd. and will delay the planned start-up timeframe. The Company and its consultants have provided baseline data extending back to the 1990's when sampling was conducted by government inspectors and previous operators. More recent samples have been collected since the issuance of the Company's licenses and permits, and most recently from 2020. This includes baseline sampling in 2024 after the wildfire season in 2023. Discussions are ongoing with the Mackenzie Valley Land and Water Board and its Inspectors to determine how this policy change affects the Company's previously announced plans to commence gold production at the Mon Gold Mine. Currently, only limited activity is being permitted on site. The Company has submitted twelve management plans and has received approval for six from the Mackenzie Valley Land and Water Board. Since the Company's last update dated May 19th, the Mill Design and Construction Plan, Ore Stockpile Design and Management Plan, and Dry Stack Tailings Design and Construction Plans have been submitted. The Dry Stack Tailings Management Plan can be submitted on Mackenzie Valley Land and Water Board approval of the Dry Stack Tailings Design and Construction Plan, which has also been submitted. The Interim Closure and Reclamation Plan is being replaced by a revised Closure and Reclamation Plan. 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. Recently, underground development has intersected the productive A-Zone 17 m below the historic stopes. A newly discovered zone, the DD-Zone is exposed 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, the large shear zone-hosted gold targets, and the critical-element-enriched IOCG-style mineralization will be explored and developed as warranted. Announcement • May 08
Sixty North Gold Mining Ltd., Annual General Meeting, Jul 23, 2026 Sixty North Gold Mining Ltd., Annual General Meeting, Jul 23, 2026. New Risk • Mar 29
New major risk - Revenue and earnings growth Earnings have declined by 0.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 0.1% per year over the past 5 years. Shareholders have been substantially diluted in the past year (75% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$22.3m market cap, or US$16.0m). 
