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Latest Sixty North Gold Mining Stock News | OTC:SXNTF | Benzinga

Sixty North Gold Mining Ltd is engaged in the acquisition and exploration of mineral property assets. The company entered into a mineral property earn-in agreement with New Discovery Mines. The projects of the company include Mon Gold Property and Hangstone Property.

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SIXTY NORTH GOLD MNG LTD by Sixty North Gold Mining Ltd.

Sixty North Gold Mining Ltd

Bitlayer, a Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) Layer-2 developer, has partnered with five blockchains—Base, Starknet (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">STRK</a>), Arbitrum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">ARB</a>), Sonic (CRYPTO: S) and Plume Network to connect <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/44021650/bitcoin-staking-industry-could-reach-10b-by-end-of-2025-says-babylon-labs-co-founder-david-tse">Bitcoin's $1.9 trillion market</a> to their ecosystems using its BitVM Bridge.
Announced at ETH Denver, this integration allows Bitcoin holders to transfer assets across these networks, enabling uses like lending, staking, and liquidity provision. 
The move taps into growing interest in extending Bitcoin's role beyond a static asset, though its success hinges on technical and market challenges.
The partnerships link Bitcoin to chains with a combined valuation in the tens of billions, reflecting a trend of Layer-1 and Layer-2 networks incorporating Bitcoin.
Bitlayer's BitVM Bridge, the first implementation of the BitVM framework, facilitates these connections without altering Bitcoin's core protocol. 
"As the most immediate benefit of integration, BitVM Bridge will help unlock Bitcoin&#8217;s $1.9 trillion worth of liquidity on multichain ecosystems," said Charlie Hu, co-founder of Bitlayer, noting potential access for users on the five networks to decentralized finance (DeFi) applications.
Each blockchain brings distinct features. Base uses cbBTC to integrate Bitcoin with EVM-compatible systems, Arbitrum targets DeFi with asset bridging, and Starknet, a zero-knowledge rollup, aims to share liquidity across protocols. 
Plume Network focuses on real-world asset (RWA) tokenization, while Sonic, tied to Solana's VM, supports gaming and apps. 
"Bitlayer pioneers Bitcoin's evolution as the first team to implement BitVM, unlocking native programmability and scalability without forks," Hu stated, highlighting the technical approach behind the effort.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/02/44026032/exclusive-bitcoin-etfs-with-staking-could-transform-institutional-adoption-says-bitlayer-co-founder">EXCLUSIVE: Bitcoin ETFs With Staking Could Transform Institutional Adoption, Says Bitlayer Co-Founder</a>
The integration could shift how Bitcoin's value—about 60% of the crypto market—is utilized, potentially supporting activities like yield farming on protocols such as Aerodrome (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">AERO</a>) or AAVE (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/aave/usd">AAVE</a>). 
However, experts caution that high transaction costs on Bitcoin and the complexity of zero-knowledge proofs may limit adoption. 
"This first BitVM integration marks a profound shift in the evolution of crypto," Hu added, with Bitlayer planning further collaborations to expand the framework's reach.
While the initiative aligns with Bitcoin's rising DeFi interest, it faces competition from Ethereum's established ecosystem and questions about economic viability. 
Bitlayer's approach contrasts with sidechains by settling transactions on Bitcoin, aiming to bolster miner fees amid halving pressures. 
Still, its impact remains unproven, and the broader industry continues to grapple with scalability and regulatory uncertainties.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/02/44025748/web3-hasnt-pierced-bubble-after-10-years-says-aztec-founder-zachary-williamson">Web3 Hasn&#8217;t Pierced Bubble After 10 Years, Says Aztec Founder Zachary Williamson</a></li>
</ul>
Image: Shutterstock

$AAVE

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BitVM Integration Unlocks Bitcoin's $1.9 Trillion Liquidity Across Five Major Blockchains

WIIM

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Bitdeer shares are trading higher after the company announced a new $20 million share repurchase program.

Integral Ad Science shares are trading higher after the company reported better-than-expected Q4 sales results and issued Q1 sales guidance above estimates.

Keybanc analyst Jason Celino maintains Autodesk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADSK#NASDAQ">ADSK</a>) with a Overweight and raises the price target from $330 to $335.

Price Target

Analyst Ratings

ADSK

Keybanc Maintains Overweight on Autodesk, Raises Price Target to $335

Looking into the current session, Blackstone Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) shares are trading at $157.29, after a 0.06% decrease. Over the past month, the stock decreased by 10.38%, but over the past year, it actually increased by 25.37%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. 

<img src="https://www.benzinga.com/files/images/story/2025/1740756653_0_0.png" alt="Past Year Chart" />

<h3>A Look at Blackstone P/E Relative to Its Competitors</h3>
The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean that the company is undervalued. 
Compared to the aggregate P/E ratio of 31.1 in the Capital Markets industry, Blackstone Inc. has a higher P/E ratio of 43.48. Shareholders might be inclined to think that Blackstone Inc. might perform better than its industry group. It's also possible that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2025/1740756653_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

P/E Ratio Insights for Blackstone

ALHC

Arcosa shares are trading lower after the company reported worse-than-expected Q4 EPS and sales.

PAR Technology shares are trading higher after the company reported better-than-expected Q4 sales.

Keybanc analyst Brandon Nispel maintains Cable One (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CABO#NYSE">CABO</a>) with a Overweight and lowers the price target from $825 to $650.

CABO

Keybanc Maintains Overweight on Cable One, Lowers Price Target to $650

DCBO

Docebo shares are trading lower after the company issued Q1 revenue guidance below estimates.

Keybanc analyst Noah Zatzkin maintains Acushnet Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLF#NYSE">GOLF</a>) with a Overweight and lowers the price target from $80 to $77.

GOLF

Keybanc Maintains Overweight on Acushnet Hldgs, Lowers Price Target to $77

AKAM

Akamai Technologies shares are trading higher after the company disclosed that its CEO made a $3 million purchase in common stock.

ASTH

Astrana Health shares are trading lower after the company reported worse-than-expected Q4 EPS results.

Keybanc analyst Michael Leshock maintains Rocket Lab USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) with a Overweight and lowers the price target from $32 to $28.

RKLB

Keybanc Maintains Overweight on Rocket Lab USA, Lowers Price Target to $28

CORRECTION: Piper Sandler analyst Derek Podhaizer maintains TechnipFMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTI#NYSE">FTI</a>) with a Overweight and raises the price target from $39 to $40 - Analyst Name Updated.

CORRECTION: Piper Sandler Maintains Overweight on TechnipFMC, Raises Price Target to $40 (Analyst Name Updated)

CAVA

Cava Group shares are trading higher after Piper Sandler upgraded its rating on the stock from neutral to overweight despite lowering its price target from $142 to $115.

Chardan Capital analyst Keay Nakae maintains Dyne Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DYN#NASDAQ">DYN</a>) with a Buy and maintains $50 price target.

Chardan Capital Maintains Buy on Dyne Therapeutics, Maintains $50 Price Target

Autodesk shares are trading lower after Baird cut its price target on the stock from $345 to $336.

Stephens &amp; Co. analyst Jeff Lick upgrades Openlane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAR#NYSE">KAR</a>) from Equal-Weight to Overweight and raises the price target from $20 to $26.

Upgrades

Stephens & Co. Upgrades Openlane to Overweight, Raises Price Target to $26

EOG Resources shares are trading lower. The company reported Q4 financial results.

Chardan Capital analyst Geulah Livshits maintains Rocket Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCKT#NASDAQ">RCKT</a>) with a Buy and lowers the price target from $62 to $54.

RCKT

Chardan Capital Maintains Buy on Rocket Pharmaceuticals, Lowers Price Target to $54

Press Releases

Sixty North Gold Mining Operational Update

Sixty North Gold Mining Reports Initial Assays Return High-Grade Gold Values up to 62.6 gpt from the A-Zone and DD-Zone

CSE:SXTY

Sixty North Gold Mining

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Latest Sixty North Gold Mining Stock News | OTC:SXNTF | Benzinga

Wednesday, December 11, 2019

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