01:58 PM EDT, 06/24/2024 (MT Newswires) -- Sixty North Gold Mining ( SXNTF ) said Monday that it has begun mining at its Mon Gold Mine Property. in the Northwest Territories.

The company said it has installed temporary camp and dock facilities and moved crews to the property. The company said it plans to extend the existing ramp to intercept the A-Zone vein 20 meters below the historic stopes.

"The Company has assembled an outstanding operating team of miners and support staff to help us meet our development goals. Our Mon Gold Mine holds all licenses and permits needed to commence full mining and milling operations. We plan to open up stopes and to bring enough mineralization to surface to confirm the grade and tonnage potential of this project, with assays reported as they are received," chief executive Dave Webb said in a release.

The company's shares were last seen down $0.01 to $0.135 on the Canadian Securities Exchange.