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SEA:TSX; SA:NYSE.MKT

Seabridge Gold Inc.

Seabridge Gold Inc. is designed to provide its shareholders with exceptional leverage to a rising gold price. From 1999 through 2002, when the gold price was lower, Seabridge acquired nine North American projects with substantial gold resources, including Courageous Lake and KSM. Subsequent exploration by Seabridge has significantly expanded its acquired gold resource base.

Seabridge considers each of its common shares to represent an indirect ownership interest in its reserves and resources. Our aim is to increase the value of this ownership interest by growing reserves and resources faster than shares outstanding. Project acquisitions, exploration and engineering programs are carefully designed and monitored to ensure that equity dilution required to fund these activities is more than offset by additional reserves and resources.

Seabridge is pursuing three value-enhancing strategies. First, the Company continues to search for gold projects in North America which would be accretive in terms of gold resources. Second, Seabridge funds exploration and engineering work considered likely to expand resources and upgrade them to reserves. Third, Seabridge sells or partners its projects when they reach the production stage, to limit risk and share dilution.

Seabridge Gold recently completed an updated Preliminary Feasibility Study for its 100% owned KSM Project located in British Columbia, Canada capturing 47.3 million ounces of gold, 7.3 billion pounds of copper and 160 million ounces of silver in proven and probable reserves. The study projects a 33 year open-pit only mine life generating an after tax net present value (at 5%) of US$7.9 billion and a life of mine total cost (including all capital, reclamation and closure costs) of US$601 per ounce of gold produced after base metal credits. Over the 33 year mine life, average annual metal production is estimated at 1.0 million ounces of gold, 178 million pounds of copper and 3.0 million ounces of silver.


Seabridge Gold Inc. is a billboard sponsor of Streetwise Reports and paid a fee for this company profile page. Please refer to the important disclosures below for additional details.

Recent Articles:

Explorer Reports Premium Mineralization in Golden Triangle

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Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced the results from six remaining drill holes from its 2024 campaign on its Iskut Project in British Columbia's Golden Triangle. One expert says the company is a way to get "BIG" exposure to gold and copper.

Impact of New Petitions Against Gold Project 'Neutral,' Analyst Says

Research Report
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The effect of a second petition filed in the British Columbia Supreme Court challenging the "substantially started" (SS) designation of Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE.MKT) KSM Project is "neutral," Red Cloud Analyst Taylor Combaluzier writes. The analyst says the company plans to aggressively defend itself."
Tags: Gold

New Petition Challenges Gold Project's 'Substantially Started' Designation

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A second petition has been filed in the British Columbia Supreme Court seeking review of Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE.MKT) KSM Project's "Substantially Started" (SS) designation. But one analyst says the company's key possible catalyst remains finding a partner for the Golden Triangle project.
Tags: Gold

Challenge to Gold Project Status Not 'Significant Risk,' Analyst Says

Research Report
  ()
A challenge of Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE.MKT) "Substantially Started" (SS) status for its KSM project in British Columbia is not "a significant risk to the project or the designation," RBC Capital Markets Analyst Michael Siperco writes. The company continues to look for a possible partner for its massive Golden Triangle project.
Tags: Gold

First Nations Group Challenges Gold Project's 'Substantially Started' Status

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An indigenous group has filed a petition seeking review of the "Substantially Started" designation given to Seabridge Gold Inc.'s (SEA:TSX; SA:NYSE.MKT) massive KSM Project in B.C.'s Golden Triangle. One analyst, however, says the challenge is not a "significant risk" to the project's status.
Tags: Gold

Gold Co.'s Focus Remains on Finding a Partner, Analyst Says

Research Report
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Cantor Fitzgerald hosts Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) for a one-day institutional marketing non-deal roadshow in New York. The company says its focus remains on finding a JV partner for its massive KSM project in British Columbia.
Tags: Gold

More Articles


Expert Comments:

headshot of Jay Taylor

Jay Taylor, Gold, Energy & Tech Stocks

(1/31/25)
"Seabridge Gold Inc. reported that it is expanding its Snip North target and is preparing to initiate resource definition drilling there. . .the company's Snip project, which is also a world-class prospect albeit not quite as large as KSM, gives investors ongoing news flow and something to look forward to."

Jay Taylor, Hotline

(1/24/25)
"Results of the six remaining holes from the 2024 drill program at Snip North from the 2024 drill program at Seabridge Gold Inc.'s Iskut project continued to define copper and gold mineralization over extensive widths. Continuous mineralization is now recognized across a strike length of approximately 2,000m and a dip projection of at least 600m."

Red Cloud Securities

(1/7/25)
"Our higher gold and silver price assumptions and adjusted valuation multiples have increased our target on Seabridge Gold Inc."

headshot of Brien Lundin

Brien Lundin, Gold Newsletter (Jefferson Financial)

(12/17/24)
"KSM continues to make Seabridge Gold Inc. one of the better optionality plays in in the sector. For its long-term potential in that respect, the company remains a Buy."

headshot of Taylor Combaluzier

Taylor Combaluzier, Red Cloud Securities

(11/26/24)
"Seabridge Gold Inc. had spent CA$444M and completed or initiated construction on 94 of the 336 components of the KSM project as described in its environmental assessment certificate. KSM also has the support of the three largest Indigenous peoples in the area of the project (including the Nisga'a, Tahltan and Gitxsan) as well as numerous municipalities in the region (including Terrace, Smithers, Hazelton, Stewart and others)."

Mike Kozak, Cantor Fitzgerald

(11/21/24)
"Seabridge Gold Inc.'s primary focus remains on securing a joint venture (JV) partnership with a large-cap gold or copper miner, which management expects to complete in the near term. . .the potential copper JV partners [are] considering future production expansion scenarios at KSM."

More Expert Comments

Experts Following This Company

headshot of Taylor Combaluzier
Taylor Combaluzier, Mining Analyst – Red Cloud Securities
Mike Kozak, Analyst – Cantor Fitzgerald
headshot of Brien Lundin
Brien Lundin, Author Gold Newsletter (Jefferson Financial)
Michael Siperco, Analyst – RBC Capital Markets
headshot of Jay Taylor
Jay Taylor, Author Gold, Energy & Tech Stocks
headshot of Chris Temple
Chris Temple, Editor and Publisher – The National Investor

Company News 

2/13/2025 – Seabridge Gold Announces US$100 Million in Financings Includes US$20 million from Strategic Investor

1/24/2025 – Seabridge Gold Announces Agreement Renewing At-The-Market Offering

1/21/2025 – Seabridge Gold Expands Iskut's Snip North Target and Prepares to Initiate Resource Definition Drilling in 2025

12/2/2024 – Seabridge Comments on Second Challenge of KSM's Substantially Started Determination

11/25/2024 – Seabridge's KSM Project Substantially Started Determination Challenged by Tsetsaut Skii km Lax Ha

Important Disclosures
Seabridge Gold Inc. is a Billboard advertiser of Streetwise Reports and pays a flat fee. Fees fund both sponsor-specific activities and general report activities. Sponsor-specific activities may include aggregating content and publishing that content on the Streetwise Reports site, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Streetwise Reports to publish and syndicate investment opinion and comments, and also to curate or create sector-specific content. Billboard advertising monthly fees range from $3,000 to $5,000. This landing page contains a summary of the company that was prepared by that company. Some landing pages contain investing highlights and a catalyst calendar that are prepared by that company. The Expert Comments and Experts Following This Company sections of the landing page are compiled by Streetwise Reports. There may be other information about the company that is not placed on the landing page, and Streetwise Reports does not guarantee the accuracy or thoroughness of the information contained on the landing page. Readers should conduct their own research for all information publicly available concerning the company. This landing page may be considered advertising for the purposes of 18 U.S.C. 1734.

streetwise book logoStreetwise - Seabridge Gold Inc. Ownership Overview*

Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT)

*Share Structure as of 2/14/2025