A modern objective does not form an image. It collects light from a point in the specimen and sends it onward as a parallel bundle, a beam that never converges, headed for infinity. That is what infinity-corrected means, and it is why the space above the objective is called infinity space.
The tube lens is what turns that parallel bundle back into an image at the camera. And because the objective alone has no image to magnify, magnification is not a property of the objective at all. It is a ratio:
M = ftube / fobjective
The 60 engraved on the barrel is a claim about a pairing, not about the part. It means the manufacturer built an objective of focal length f such that their own tube lens produces 60×. Nikon and Leica design around a 200 mm tube lens, so a Nikon 60× has a focal length of 200/60 = 3.33 mm. Olympus designs around 180 mm, Zeiss around 165 mm.