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:

Co. Looks for District-Scale Gold Project in Golden Triangle

This gold explorer has begun its 2023 drilling campaign at a 100%-owned project in British Columbia's Golden Triangle.

Why Analysts Like This Gold Co.

Several analysts agree that this gold company with a large British Columbia resource is a Buy and that it's in a great position for possible joint ventures.
Tags:  Gold

Explorer Drills To Test Model at Yukon Gold Project

Seabridge Gold Inc. is preparing for drill testing of its comprehensive exploration model at its 100%-owned 3 Aces project in the Yukon Territory, which the company believes could be a world-class deposit.
Tags:  Gold

Attractiveness of Gold Project Strengthened

Research Report
Current efforts strengthen the attractiveness of the KSM project during joint venture discussions, reported a B. Riley Securities research note.
Tags:  Gold

Gold Co. Raises US$150M Through Royalty Sale

Seabridge Gold Inc. is raising US$150 million from Sprott Resource Streaming and Royalty Corp. in exchange for a 1.2% net smelter return (NSR) royalty on production at its KSM project in British Columbia.

New US$150 Million Deal Will Support Gold Co. In Achieving Project Designation Well Before Due Date

Research Report
The US$150 million Seabridge Gold Inc. will receive from this deal will be used to finish physical work at the site that Kozak expects "will support Seabridge achieving the "substantially started" project designation well before the July 2026 date required by the B.C. government to keep its Environmental Assessment Certificate (EAC) valid for the life of the project," noted a May 12, Cantor Fitzgerald report.
Tags:  Gold

More Articles

Expert Comments:

headshot of David Talbot

David Talbot, Red Cloud Securities

"The $150M funding should enable Seabridge Gold Inc. to complete the switching station and work required to connect KSM to BC Hydro's Northern Transmission Line; it should also shorten the construction period once a construction decision is made. . .this work would further derisk KSM and should help the company with its ongoing efforts to secure a major joint venture partner."

Mike Kozak, Cantor Fitzgerald

"Seabridge Gold Inc. is raising US$150M (CA$200M) from Sprott Resource Streaming and Royalty via the sale of a 1.2% net smelter return royalty on all future metals production at its KSM gold-copper-silver-molybdenum project. We have a favorable view of this transaction as it removes a significant financing overhang in a way that is not equity dilutive to shareholders."

Rick Mills, Ahead of the Herd

"Seabridge Gold Inc.'s Kerr-Sulphurets-Mitchell (KSM) copper-gold-silver porphyry and its estimated mineral content are spectacular; Sulphurets' 199 Moz gold and 790 Moz silver make KSM the largest undeveloped gold deposit in the world. It also has 51 Blb contained copper."

Lucas N. Pipes, B. Riley Securities

"We believe Seabridge Gold Inc. has a clear vision for a potential partnership agreement. . .the company's KSM is the world's largest undeveloped gold project by reserves and resources with substantial copper byproduct credits. . .the asset is now ripe for third-party validation. We maintain our Buy rating."

Dan Amoss, Jim Rickards' Strategic Intelligence

"Seabridge Gold Inc.'s KSM is one of the most attractive gold-copper acquisition targets in the world. . .hold your position in the company."

Jefferson Research

"Seabridge Gold Inc. is showing strong operating efficiency, and valuation suggests a lower amount of price risk. . .all five dimension measures, including balance sheet quality, earnings quality and cash flow quality, remained unchanged in Q3/22."

More Expert Comments

Experts Following This Company

Mike Kozak, Analyst – Cantor Fitzgerald
Rick Mills Ahead of the Herd
Lucas N. Pipes, Analyst – B. Riley Securities
headshot of Joe Reagor
Joe Reagor, Analyst – ROTH Capital Partners
Jim Rickards – Strategic Intelligence
headshot of David Talbot
David Talbot, Analyst – Red Cloud Securities

Company News 

5/30/2023 – Seabridge Gold's 2023 Iskut Drill Program Ramps Up Focused on Making New Copper-Gold Porphyry Discoveries

5/25/2023 – Seabridge Gold Prepares to Finish Testing its 3 Aces Project Exploration Model

5/23/2023 – Seabridge Gold Publishes 2022 Sustainability and Climate Change Reports

4/3/2023 – Seabridge Gold's Iskut 2023 Drill Program to Focus on Copper-Gold Porphyry Discoveries and Resource Expansion

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 Company Fact Sheet

2023/6/4 8:32:50


Analyst coverage

Cantor FitzgeraldMike Kozak
B. Riley SecuritiesLucas N. Pipes
ROTH Capital PartnersJoe Reagor
Red Cloud SecuritiesDavid Talbot

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Company News

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05/30/2023 - View Article
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Streetwise - Seabridge Gold Inc. Ownership Overview*

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

*Share Structure as of 5/3/2023