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:

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.

Gold Co. Says It's Never Had This Much Interest in a Joint Venture

This company has begun a formal process to search for suitable companies to partner with, and several have put boots on the ground at the explorer's projects.

Gold Co. Issues Q2 Report, Seeks JV Partner

Seabridge Gold Inc. files its second-quarter report and earnings for the three-month period ending June 30, and says it has engaged a firm to help it search for joint venture partners at its flagship property.

Gold Co.'s Claims About License Lack Merit

Research Report
Two firms are at odds over permissions allowing one of them to build tunnels in an area where the other one owns mining claims, noted a Red Cloud Securities report.

Drills Turning at Explorer's Yukon Gold Project

This gold explorer has started drilling at its Yukon Territory project, hoping to find the continuity it needs for a resource estimate.
Tags:  Gold

More Articles

Expert Comments:

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."

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."

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
Sadif Research – Sadif Research
Jim Rickards – Strategic Intelligence
Michael Siperco, Analyst – RBC Capital Markets
headshot of David Talbot
David Talbot, Analyst – Red Cloud Securities

Company News 

8/14/2023 – Seabridge Gold Files Second Quarter 2023 Report to Shareholders and Its Financial Statements and MD&A

7/18/2023 – Seabridge Gold Begins Drilling at the 3 Aces Project

7/17/2023 – Seabridge Gold Reports Application for Rescission of KSM Licence of Occupation and Mines Act Permit Is without Merit

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

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 8/28/2023