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.

Expert Comments:

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Chris Temple, The National Investor

"We have a Buy recommendation on Seabridge Gold Inc."

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Jim Marrone, SingularResearch

"Seabridge Gold Inc.'s recently updated mineral resource estimates for its Mitchell and East Mitchell (formerly Snowfield) deposits are expected to have a significant positive impact on project economics at KSM. . .these resource estimates will be used in an updated KSM preliminary feasibility study expected in June 2022 that will, for the first time, incorporate the East Mitchell deposit into KSM's mine plans."

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Peter Krauth, Gold Resource Investor

"Seabridge Gold Inc. updated its resource estimates for Mitchell and East Mitchell deposits, including 2021 drilling. These will be used in an updated KSM preliminary feasibility study expected in June. . .the company has been climbing along with the sector, and still looks attractive to accumulate on weakness."

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David Talbot, Red Cloud Securities

"Seabridge Gold Inc. increased Measured and Indicated resources at its Mitchell and East Mitchell (formerly Snowfield) deposits by 16% for gold, 35% for copper, 26% for silver and 22% for molybdenum. We view this update positively as we see this resource update leading to a likely increase in Proven and Probable reserves, better grades early in the mine life and a deferral of the capital-intensive underground block cave development at KSM."

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Joe Reagor, ROTH Capital Partners

"Seabridge Gold Inc. announced an updated resource estimate for the Mitchell and East Mitchell deposits at KSM. The update showed significant conversion of Inferred resources to Measured and Indicated, which should benefit the project's economic outlook in the upcoming prefeasibility study."

Mike Kozak, Cantor Fitzgerald

"In Seabridge Gold Inc.'s updated 43-101 resource estimate on its 100%-owned KSM project, across all categories, contained metal (gold, copper, silver, molybdenum) on a gold equivalent basis increased by 8.4% over the previous 2020 resource estimate. . .Measured & Indicated and Inferred resources at the consolidated KSM project now stand at 5.4 Bt at 0.73 g/t Au eq (126 Moz Au eq) and 5.7 Bt at 0.71 g/t Au eq (129 Moz Au eq), respectively."

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Seabridge Gold recently announced drill results from nine holes at its KSM property in British Columbia. ROTH Capital Partners noted in a research note that the company intends to complete a new PFS for the project that could prove to be a strong future catalyst for the company. ROTH Capital Partners currently has a "Buy" rating and US$27 price target for Seabridge Gold.
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More Expert Comments

Experts Following This Company

Dalton Baretto, Analyst – Canaccord Genuity
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Gary Baschuk, Managing Director, Mining & Senior Geologist – PearTree Securities
headshot of John Doody
John Doody, Analyst – Gold Stock Analyst
Mike Kozak, Analyst – Cantor Fitzgerald
headshot of Peter Krauth
Peter Krauth, Pres – Gold Resource Investor
Don Maclean, Senior Analyst – Paradigm Capital
Jim Marrone, Analyst – SingularResearch
Clive Maund –
Lucas N. Pipes, Analyst – B. Riley Securities
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Joe Reagor, Analyst – ROTH Capital Partners
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David Talbot, Analyst – Red Cloud Securities
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Chris Temple, Editor and Publisher – The National Investor

Company News 

6/13/2022 – Seabridge to Begin Drilling a Cluster of Gold-Copper Porphyry Targets at Iskut

5/24/2022 – Liard First Nation and Seabridge Gold Sign Contribution Agreement for the 3 Aces Project

4/19/2022 – Seabridge Gold Completes Drilling at Its Snowstorm Project in Northern Nevada

4/14/2022 – Seabridge Gold Reports Updated Mineral Resource Estimates for Mitchell and East Mitchell Deposits

The information provided above is from analysts, newsletters, the company and other contributors.

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