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:

World's Largest Gold Reserve Beats Back Competing Claim

Mining is a competitive industry, with firms often actively seeking to undermine and take over each others' claims and approvals. Seabridge Gold Inc. recently announced that it was able to defeat one such attempt.
Tags:  Gold

Gold Co. May Continue With License

Research Report
Recently, Seabridge Gold Inc. announced Tudor Gold's request to cancel its license of occupation and permit was not victorious, reported Red Cloud analysts Taylor Combaluzier and David A. Talbot in a November 21 research note.
Tags:  Gold

Co. Looks to Lock in Permit Process for Massive Gold Project

This company is planning to submit its application early next year for the "substantially started" designation for its flagship project in the Golden Triangle. One newsletter write says this mine could become an "anchor project" for copper and gold worldwide.
Tags:  Gold

Is This Project Poised To Be a Top-5 Gold Producer?

Seabridge Gold Inc. is picking up more interest from analysts and newsletter writers, including an analyst who says its flagship project would be a "top-five annual gold producer" at full production.
Tags:  Gold

Owner of World-Class Au-Cu Asset Gains Research Coverage

Research Report
The mining company is developing and seeking a partner to advance its large-scale, British Columbia mine offering long-term upside potential, noted an RBC Capital Markets report.

Gold Co. Notches Profit, Updates Search for Partner

This gold company has filed its report to shareholders and management's analysis for the second quarter. Find out why one analyst says it has a "clear vision" for a potential partnership agreement.

More Articles

Expert Comments:

headshot of Taylor Combaluzier

Taylor Combaluzier, Red Cloud Securities

"Seabridge Gold Inc. announced that Tudor Gold's July 2023 request to cancel a license of occupation and permit held by Seabridge for its flagship KSM project in British Columbia was not successful. . .this outcome is in line with our view that this was an opportunistic move by Tudor."

"Seabridge Gold Inc. wins round one of its tussle with Tudor over the KSM license. . .the British Columbia Ministry of Water, Land and Resource Stewardship confirmed there is no basis to cancel the license under the provisions of the relevant legislation or the terms of the license."

Jefferson Research

"Seabridge Gold Inc. is showing strong operating efficiency and valuation. . .the company's overall rating improved in Q2/23."

Michael Siperco, RBC Capital Markets

"Seabridge Gold Inc. has begun to accelerate development of the world-class, large-scale, 100%-owned KSM gold/copper project in the Golden Triangle region of northern British Columbia, with a new, streamlined study. . .we are initiating coverage at Outperform."

Dan Amoss, Jim Rickards' Strategic Intelligence

"Seabridge Gold Inc. closed on the sale of a $150M secured note to Sprott Resource Streaming and Royalty. . .this is the second such transaction and moves the KSM project's development timetable forward in a manner that minimizes dilution of Seabridge shareholder claims."

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."

More Expert Comments

Experts Following This Company

headshot of Taylor Combaluzier
Taylor Combaluzier, Mining Analyst – Red Cloud Securities
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
Sadif Research – Sadif Research
Michael Siperco, Analyst – RBC Capital Markets
headshot of David Talbot
David Talbot, Analyst – Red Cloud Securities

Company News 

11/13/2023 – Seabridge Gold Files Third Quarter 2023 Report to Shareholders and its Financial Statements and MD&A

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

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 11/28/2023