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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.

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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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Seabridge Gold (SA) announced the results of an updated Preliminary Feasibility Study (the '2024 PFS') for its 100%-owned Courageous Lake project located in Canada's Northwest Territories. The 2024 PFS shows a considerably more sustainable and profitable mining operation than its 2012 predecessor, with reduced initial capital, lower strip ratio, higher grade, and smaller mine footprint. Notable improvements in the 2024 PFS compared to the 2012 PFS include a 38% increase in after-tax NPV5% to US$523 million from US$303 million in 2012, a 50% reduction in initial capital from US$1,522 million to US$747 million, and a 38% increase in estimated measured and indicated gold resources from 8.0 million to 11.0 million ounces.
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Seabridge Gold (TSX: SEA) (NYSE: SA) Announces Senior Management Changes: Ryan Hoel Appointed President and COO, Tracey Meintjes as SVP Technical Services
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Seabridge Gold (TSX: SEA) (NYSE: SA) reports on the Bronson Slope drilling program at its 100% owned Iskut property in Northwestern B.C.'s Golden Triangle. Results confirm an extensive area of magmatic-hydrothermal alteration sourced from the high fluid flux of a porphyry mineral system that generated the unusually large explosive breccia pipe discovered in 2022 and the intermediate epithermal occurrence that expands the known Bronson Slope copper-gold deposit.
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Seabridge Gold (TSX: SEA) (NYSE: SA) reports a new porphyry mineral system at its 100% owned Iskut property, with drill results showing 277 meters of 0.80 gpt gold. The company is encouraged by the discovery and plans to aggressively pursue further drilling for higher copper grades.
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Seabridge Gold (TSX: SEA) (NYSE: SA) provided an update confirming the BC Government's support for its License and permit in response to Tudor Gold Corp.'s request for their cancellation. The BC Ministry of Energy, Mines and Low Carbon Innovation and the BC Ministry of Water, Land and Resource Stewardship confirmed the legality and basis of Seabridge's rights. Seabridge's CEO, Rudi Fronk, expressed satisfaction with the government's decision, emphasizing the company's commitment to acting in the best interests of the people of BC.
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Seabridge Gold (TSX: SEA) (NYSE: SA) Announces Filing of Report to Shareholders, Interim Financial Statements, and Management's Discussion and Analysis for the Three Months Ended September 30, 2023
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Seabridge Gold (SEA) Announces Strong Financial Results and Progress on Key Projects
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FAQ

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

The current stock price of Seabridge Gold (SA) is $14.76 as of November 20, 2024.

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

The market cap of Seabridge Gold (SA) is approximately 1.3B.

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

1.32B
86.99M
2.73%
52.6%
2.52%
Gold
Basic Materials
Link
United States of America
Toronto