Sixty North Gold on Fast-Track to Gold Mine Restart

Sixty North Gold is restarting the past-producing Mon Gold Mine by skipping diamond drilling and formal studies and going straight to underground development.

Dave Webb estimates grade below historic workings with a Yellowknife rule: the next stope (underground ore opening) matches the grade mined above for 20 meters.

The restart plans a 100 ton-per-day mill with gravity and flotation circuits, targeting roughly 100 ounces of gold per day.

After reporting $146 per ton development costs, the CEO projects breakeven near $500 per ounce versus gold around $6,000.

A regulator's do-not-install order paused the mill; the board wants about 18 more months of baseline water sampling through September 2027.