Is Sixty North Gold Mining Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Sixty North Gold Mining Ltd (SXTY.CN) is currently classified as NOT HALAL as of July 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Sixty North Gold Mining Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Sixty North Gold Mining Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Sixty North Gold Mining Ltd?

Muslim investors may consider investing in Sixty North Gold Mining Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Sixty North Gold Mining Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Sixty North Gold Mining Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Sixty North Gold Mining Ltd updated?

The Shariah compliance status of Sixty North Gold Mining Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Sixty North Gold Mining Ltd become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Sixty North Gold Mining Ltd?

You can check the latest Shariah compliance status of Sixty North Gold Mining Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

SXTY.CN Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 16, 2025

Report Source: 2025 2nd Quarter Report

Sixty North Gold Mining Ltd. Stock Analysis SXTY.CN

Canada N/A Nano Cap Report: Q2, 2025

Sixty North Gold Mining Ltd. is engaged in the acquisition, exploration, and development of mineral properties. The company is headquartered in Surrey, British Columbia. The company went IPO on 2018-04-17. The firm is developing mining operations for gold on its 100% owned MonGold Project. The Mon Gold Property is located about 45 kilometers north of Yellowknife, Northwest Territories, Canada, and consists of 13 contiguous mining leases and one mineral claim comprising an aggregate of 1,536.92 acres. The Mon Property is an exploration stage property with no mineral reserves or resources. The firm plans to develop stopes in the East Limb, West Limb and DD Zone to extract and stockpile the vein material on the surface. The firm is setting up on site to drill test a number of Volcanogenic Massive Sulphide (VMS) targets on its Mon Gold Property.

Key Statistics of Sixty North Gold Mining Ltd (SXTY.CN)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

CAD0.27CAD0.28

Today's Open

CAD0.36

Volume

35.56K

P/E Ratio (TTM)

52 Week Range

CAD0.07CAD0.44

Market Cap

26.88M

Avg. Volume

79.24K

Dividend Yield

Financial Metrics & Statements of Sixty North Gold Mining Ltd (SXTY.CN)

FAQ's for Sixty North Gold Mining Ltd (SXTY.CN)

According to Musaffa’s Shariah screening methodology, Sixty North Gold Mining Ltd (SXTY.CN) is currently classified as NOT HALAL as of July 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.