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Seabridge Gold, Inc. - SA STOCK NEWS

Welcome to our dedicated page for Seabridge Gold news (Ticker: SA), a resource for investors and traders seeking the latest updates and insights on Seabridge Gold stock.

Seabridge Gold, Inc. (NYSE: SA) is a Canadian company specializing in the exploration and development of gold properties across North America. Headquartered in Toronto, Seabridge Gold primarily focuses on its flagship project, the Kerr Sulphurets Mitchell (KSM) in northwest British Columbia, Canada. This substantial gold-silver-molybdenum-copper mine is a cornerstone of their portfolio.

Seabridge Gold's other principal projects include the Courageous Lake property in the Northwest Territories, the Iskut property in northwestern British Columbia, and the 3 Aces Project in southeast Yukon. These projects underscore Seabridge's commitment to expanding its footprint in North American gold exploration.

Recently, Seabridge Gold announced significant advancements at its 3 Aces project in Yukon. The 2023 drill results have confirmed key parameters controlling gold deposition, providing a clear direction for follow-up evaluations. This year’s comprehensive drilling program, which covered 7,759 meters, has led to an updated 3-dimensional model highlighting continuous mineralization between previously isolated deposits in the Central Core Area (CCA).

Moreover, Seabridge's Courageous Lake project has been redesigned, showing improved economics with an updated Preliminary Feasibility Study and a new Preliminary Economic Assessment. These updates demonstrate a more sustainable and profitable mining operation, reducing initial capital and lowering the strip ratio while maintaining high grades.

The company's ongoing exploration at its Iskut project in British Columbia's Golden Triangle aims to uncover a copper-gold porphyry source. Utilizing advanced drilling techniques and geophysical surveys, Seabridge is determined to expand its Bronson Slope and Snip North discoveries, which show significant promise for future resource delineation.

In terms of financial health, Seabridge Gold posted a net loss of $29.3 million for the year ended December 31, 2023, primarily due to non-cash losses related to the remeasurement of Secured Note liabilities. Despite this, the company remains financially robust with a net working capital of $54.5 million as of the same date. Notably, Seabridge continues to invest heavily in its mineral interests, with $69.7 million invested in 2023 alone.

Seabridge Gold's strategic vision is supported by its strong leadership team and robust exploration model, which consistently delivers high-grade discoveries and expands known mineral zones. This ongoing work positions Seabridge Gold as a key player in the North American gold mining industry, with assets that promise significant shareholder value.

Rhea-AI Summary

Seabridge Gold announced the launch of the 2024 drill program at the 3 Aces project in the Yukon to expand on last season's exploration model. The comprehensive program will focus on resource estimation, targeting new areas within the Central Core and regional targets, with drilling, geophysical surveys, and a budget of $6.0M. The company aims to delineate gold mineralization, especially high-grade gold, using its exploration model to potentially confirm a district-scale project. Environmental activities will also be a focus, with a fully funded and strategic approach to move the project forward.

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Seabridge Gold (TSX: SEA) (NYSE: SA) plans to conduct a new drill program at their Iskut Project in northwest B.C. to search for copper-gold porphyry deposits. The focus will be on identifying the source of the intermediate sulfidation epithermal mineral systems discovered in the previous program.
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Seabridge (SA) sets ambitious objectives for 2024, focusing on joint venture agreements, funding, resource growth, cybersecurity, environmental approvals, and more.
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Seabridge Gold (SA) reports a net loss of $29.3 million in 2023, primarily due to non-cash remeasurement of Secured Note liabilities. The company invested $69.7 million in mineral interests during the year, with net working capital at $54.5 million. Seabridge holds 100% interest in various North American gold projects, including the KSM project in British Columbia.
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Seabridge Gold (SA) releases its 2023 report card, detailing the success of achieving 14 specific objectives set in the previous year. The company holds interests in various North American gold projects, including the KSM project, Iskut project, Courageous Lake project, Snowstorm project, and 3 Aces project. For more details on mineral reserves and resources, visit the company's website.
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Seabridge Gold (SA) announces improved economics for its Courageous Lake project in Canada's Northwest Territories. The 2024 PFS and PEA show significant enhancements over the 2012 study, including a 73% increase in after-tax NPV to US$523 million, reduced initial capital by 50% to US$747 million, increased after-tax IRR to 20.6%, and a 38% rise in estimated measured and indicated gold resources to 11 million ounces.
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Seabridge Gold announced successful 2023 drill results at their 3 Aces project in Canada's Yukon, confirming key parameters controlling gold deposition and identifying continuous mineralization. The updated 3D model indicates the likelihood of continuous mineralization between historical deposits, with high-grade zones found in favorable regional fold architecture. CEO Rudi Fronk highlighted the breakthrough, providing tools for identifying new targets and expanding known gold zones.
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Seabridge Gold (SA) announced updated Mineral Resource Estimates for the Iron Cap and Kerr deposits at its KSM Project in British Columbia. Inferred Mineral Resources increased by 5.9M ounces of Gold, 3.3B pounds of Copper, 55.4M ounces of Silver, and 51M pounds of Molybdenum. Indicated Mineral Resources increased by 0.3M ounces of Gold, 0.2B pounds of Copper, 3.5M ounces of Silver, and 2M pounds of Molybdenum. The updated estimates reflect gains from consistent application of metal price parameters, and the resource models remain unchanged from the previous statement.
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Seabridge Gold (SA) has donated $25,000 to the Dr. R.E.M. Lee Foundation in support of a Tier 3 Neonatal Intensive Care Unit (NICU) associated with the rebuilding of the Mills Memorial Hospital (MMH) in Terrace, British Columbia. The NICU will expand birthing capabilities, provide care for pre-term babies, and enable families to stay closer during challenging births. This initiative aims to serve more than 75,000 people, including 28 First Nations, in northwestern BC.
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Seabridge Gold's subsidiary, KSM Mining ULC, has applied for Substantially Started Status for its KSM Project, with the EAC deadline set for July 29, 2026. The company has spent over $997 million since acquiring the project in 2001, with $805 million spent after the EAC issuance in July 2014. Since 2021, $444 million has been invested in construction, focusing on infrastructure development. The project holds the third largest undeveloped copper resource and the largest gold resource globally, making it crucial for the transition to a greener future. Seabridge Chairman and CEO Rudi Fronk expressed gratitude to the BC EAO, First Nations, local workforce, contractors, and indigenous partners for their support, as well as financial backing from Sprott Resource Streaming and Royalty Corp. and Ontario Teachers' Pension Plan.
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FAQ

What is the current stock price of Seabridge Gold (SA)?

The current stock price of Seabridge Gold (SA) is $17.099 as of November 4, 2024.

What is the market cap of Seabridge Gold (SA)?

The market cap of Seabridge Gold (SA) is approximately 1.5B.

What is Seabridge Gold's primary project?

Seabridge Gold's primary project is the Kerr Sulphurets Mitchell (KSM) in northwest British Columbia, Canada, which focuses on gold, silver, molybdenum, and copper mining.

Where is Seabridge Gold headquartered?

Seabridge Gold is headquartered in Toronto, Canada.

What recent advancements have been made at the 3 Aces project?

Recent drill results at the 3 Aces project in Yukon confirmed key parameters controlling gold deposition, providing clearer directions for follow-up evaluations and resource delineation.

How has the Courageous Lake project been improved?

The Courageous Lake project now features a more sustainable and profitable mining operation with reduced initial capital, lower strip ratios, higher grades, and smaller mine footprints, according to the latest Preliminary Feasibility Study and Preliminary Economic Assessment.

What financial performance did Seabridge Gold report for 2023?

Seabridge Gold reported a net loss of $29.3 million for the year ended December 31, 2023, primarily due to non-cash losses related to the remeasurement of Secured Note liabilities.

What are Seabridge Gold’s other principal projects?

In addition to KSM, Seabridge Gold’s other principal projects include the Iskut project in British Columbia, the Courageous Lake project in the Northwest Territories, and the 3 Aces project in Yukon.

What is the significance of the Iskut project?

The Iskut project aims to uncover a copper-gold porphyry source. Ongoing drilling and geophysical surveys are expanding the Bronson Slope and Snip North discoveries, indicating significant potential.

What is Seabridge Gold's exploration model?

Seabridge Gold's exploration model predicts continuity of mineralization, including high-grade gold, localized along the limbs of second-order folds (F2) between thick phyllite sequences and coarse interbedded sandstones and conglomerates.

How much did Seabridge Gold invest in mineral interests in 2023?

Seabridge Gold invested $69.7 million in mineral interests in 2023.

What is Seabridge Gold's net working capital as of December 31, 2023?

As of December 31, 2023, Seabridge Gold had a net working capital of $54.5 million.

Seabridge Gold, Inc.

NYSE:SA

SA Rankings

SA Stock Data

1.50B
89.49M
2.77%
53.13%
3%
Gold
Basic Materials
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United States of America
Toronto