Seabridge Stock Price, News & Analysis

Santander Bank (NYSE: SAN) has announced an agreement to sell seven branches in the Allentown, Pennsylvania area to Community Bank, N.A. This move aligns with Santander's transformation into a national, digital-first bank. The bank's digital platform, Openbank, launched in late 2024, has already accumulated $4 billion in deposits and serves over 100,000 customers.

The transaction, expected to close in Q4 2025, involves branches in Allentown, Bethlehem, Coopersburg, Easton, Emmaus, and Whitehall. Community Bank, with $16 billion in assets and approximately 200 facilities across multiple states, will acquire these locations as Santander continues to optimize its physical presence while expanding its digital capabilities.

A recent Santander Bank survey reveals significant consumer confusion about financial accounts amid economic uncertainty. The study found 52% of Americans don't recognize high-yield savings accounts as suitable for emergency funds, and only 35% understand they're safer than investment accounts. Digital banking is preferred for routine transactions (74% for checking balances), while in-person services are favored for financial advice (64%). The survey also highlighted that 65% of consumers don't use high-yield savings accounts, with many unaware these accounts can offer APYs of 4.00%, approximately 10 times the national average. Additionally, 51% of Americans lack three months of emergency savings, and some are risking their emergency funds in volatile investment accounts. Santander's Openbank aims to address these issues by combining digital banking capabilities with traditional banking services.

Seabridge Gold has initiated its 2025 drilling program at the Iskut Project in British Columbia's Golden Triangle, focusing on the Snip North discovery. The $13.4 million fully funded program employs three helicopter-portable drill rigs targeting at least 8,000 meters of core drilling. The primary objective is to develop a maiden copper-gold resource estimation at Snip North and explore potential porphyry targets along the district-scale Bronson Trend. The project connects the Quartz Rise, Bronson Slope, and Snip North occurrences, suggesting potential for multiple porphyry mineral systems. Located approximately 30 kilometers from Seabridge's KSM gold-copper district, the Iskut systems show similar scale characteristics, with strike lengths of thousands of meters and substantial width/depth dimensions.

Seabridge Gold (NYSE: SA) has filed responses in BC Supreme Court defending the Environmental Assessment Office's (EAO) decision to grant its KSM project a Substantially Started (SS) Designation. The SS status, awarded in July 2024, ensures the project's Environmental Assessment Certificate won't expire. The company's responses support BC Government's April 2025 submissions and detail extensive engagement with TSKLH (one of the petitioners) since 2007, including funding support and regulatory review participation. The court hearing is scheduled for September 22-29, 2025. CEO Rudi Fronk expressed confidence in their responses, emphasizing that the SS Designation remains in effect during the legal process.

Santander Bank has unveiled its first Openbank location in the United States at Miami Worldcenter, marking a significant expansion of its digital banking presence. The location, which is the third Openbank-branded physical location globally, offers comprehensive banking services, investment options, and a premium amenity bar. Since its U.S. launch in late 2024, Openbank's digital platform has achieved remarkable growth, accumulating over $4 billion in deposits and more than 100,000 customers. The new location combines digital convenience with personalized service, featuring high-yield savings accounts with rates 10x the national average. This expansion adds to Santander's growing Miami presence, which includes a Work Café, Banco Santander International headquarters, and an extensive ATM network at Target locations in South Florida.

Santander Bank's digital platform, Openbank, has surpassed 100,000 customers in its first six months of U.S. operations, marking a significant milestone. The achievement aligns with Santander's 2025 strategy to generate lower-cost, national deposits and strengthen its Auto lending franchise.

The bank's growth strategy focuses on two pillars: expanding Openbank's offerings beyond High Yield Savings to include CDs, Payments, and Checking Accounts, while enhancing their branch network with new formats and locations. Recent research shows potential for further growth, as 69% of Americans don't have a higher-yielding savings account, though 20% have recently moved funds to higher-rate accounts.

Seabridge Gold (NYSE: SA) reported strong Q1 2025 financial results, posting net earnings of $10.6 million ($0.11 per share), compared to a net loss of $8.2 million in Q1 2024. The company secured US$100 million in new financing, including US$20 million from a strategic investor. Working capital significantly improved to $148.7 million, up from $37.8 million in December 2024.

The company invested $14.3 million in mineral interests during Q1 2025, down from $39.3 million in Q1 2024. Seabridge's portfolio includes 100% interests in several North American gold projects, including KSM and Iskut in British Columbia's Golden Triangle, Courageous Lake in Northwest Territories, Snowstorm in Nevada, and 3 Aces in Yukon Territory. The company noted that gold prices reached an all-time high of US$3,500 per ounce.

Seabridge Gold (NYSE: SA) announced that the British Columbia Government has filed responses in BC Supreme Court defending its Environmental Assessment Office's (EAO) decision to grant a Substantially Started (SS) Designation to the KSM project. The SS designation, issued on July 29, 2024, ensures the project's Environmental Assessment Certificate won't expire.

The BC Government's response outlines the consultation meetings, communications, and procedural fairness measures taken with petitioners challenging the SS determination. The court hearing is scheduled for September 22-29, 2025. CEO Rudi Fronk expressed confidence in the EAO's decision-making process, and confirmed the SS Designation remains in effect while legal proceedings continue.

Seabridge Gold (NYSE: SA) has won a significant legal victory as the British Columbia Supreme Court (BCSC) has largely approved its appeal against the Canada Revenue Agency's (CRA) decision to disallow $15.8 million in exploration expenditures under the BC Mining Exploration Tax Credit program.

The court ruled that expenses determining economic viability of mineral resources qualify under the program, validating most of Seabridge's claims except report compilation expenses. This decision affects approximately $3.1 million in refunds plus interest.

The ruling also has implications for a separate case involving $19.1 million in renounced expenditures from flow-through share financings (2013-2015), where Seabridge has deposited $9.4 million with CRA on behalf of investors. The company expects the court's reasoning to help resolve this second matter favorably.