Seabridge Gold Files Third Quarter 2024 Report to Shareholders and its Financial Statements and MD&A
Seabridge Gold (NYSE: SA) reported a Q3 2024 net loss of $27.6 million ($0.31 per share), compared to a $5.3 million loss in the same period last year. The current quarter's loss includes a $42.0 million non-cash loss from secured notes remeasurement. Investment in mineral interests decreased to $28.0 million from $73.7 million year-over-year. Net working capital stood at $36.0 million, down from $54.5 million at end-2023. Notable developments include KSM's License of Occupation renewal for 20 years for Mitchell Treaty Tunnels, promising drill results at Iskut's Snip North target, and exploration activities at 3 Aces.
Seabridge Gold (NYSE: SA) ha riportato una perdita netta nel Q3 2024 di 27,6 milioni di dollari (0,31 dollari per azione), rispetto a una perdita di 5,3 milioni di dollari nello stesso periodo dell'anno scorso. La perdita dell'attuale trimestre include una perdita non monetaria di 42,0 milioni di dollari derivante dalla rivalutazione di note garantite. L'investimento in interessi minerari è diminuito a 28,0 milioni di dollari rispetto ai 73,7 milioni di dollari anno su anno. Il capitale netto di esercizio si è attestato a 36,0 milioni di dollari, in calo rispetto ai 54,5 milioni di dollari alla fine del 2023. Sviluppi significativi includono il rinnovo della Licenza di Occupazione di KSM per 20 anni per i Tunnel del Trattato di Mitchell, risultati promettenti dei drill all'obiettivo Snip North di Iskut e attività di esplorazione a 3 Aces.
Seabridge Gold (NYSE: SA) informó una pérdida neta en el Q3 2024 de 27,6 millones de dólares (0,31 dólares por acción), en comparación con una pérdida de 5,3 millones de dólares en el mismo período del año pasado. La pérdida del trimestre actual incluye una pérdida no monetaria de 42,0 millones de dólares por la revalorización de notas aseguradas. La inversión en intereses minerales disminuyó a 28,0 millones de dólares desde 73,7 millones de dólares interanuales. El capital de trabajo neto se situó en 36,0 millones de dólares, frente a los 54,5 millones de dólares a finales de 2023. Los desarrollos notables incluyen la renovación de la Licencia de Ocupación de KSM por 20 años para los Túneles del Tratado de Mitchell, resultados prometedores de perforación en el objetivo Snip North de Iskut y actividades de exploración en 3 Aces.
Seabridge Gold (NYSE: SA)는 2024년 3분기에 2760만 달러의 순손실(주당 0.31달러)을 보고했으며, 이는 작년 동기 530만 달러의 손실과 비교됩니다. 현재 분기의 손실에는 보증된 채권 재측정으로 인한 4200만 달러의 비현금 손실이 포함됩니다. 광산 자산에 대한 투자는 연간 기준으로 7370만 달러에서 2800만 달러로 감소했습니다. 순 운영 자본은 2023년 말 5450만 달러에서 3600만 달러로 감소했습니다. 주요 개발 사항으로는 KSM의 미첼 조약 터널에 대한 20년 사용 허가 갱신, Iskut의 Snip North 목표에서의 유망한 시추 결과, 그리고 3 Aces에서의 탐사 활동이 포함됩니다.
Seabridge Gold (NYSE: SA) a rapporté une perte nette de 27,6 millions de dollars (0,31 dollar par action) pour le T3 2024, contre une perte de 5,3 millions de dollars au même période l’année dernière. La perte du trimestre actuel comprend une perte non monétaire de 42,0 millions de dollars liée à la réévaluation des billets garantis. L’investissement dans les intérêts miniers a diminué à 28,0 millions de dollars, contre 73,7 millions de dollars d’une année sur l’autre. Le fonds de roulement net s’élevait à 36,0 millions de dollars, en baisse par rapport à 54,5 millions de dollars fin 2023. Parmi les développements notables, on trouve le renouvellement de la licence d'occupation de KSM pour 20 ans pour les tunnels du traité Mitchell, des résultats de forage prometteurs à l’objectif Snip North d'Iskut et des activités d'exploration à 3 Aces.
Seabridge Gold (NYSE: SA) berichtete im Q3 2024 von einem Nettoverlust in Höhe von 27,6 Millionen Dollar (0,31 Dollar pro Aktie), verglichen mit einem Verlust von 5,3 Millionen Dollar im selben Zeitraum des Vorjahres. Der Verlust des aktuellen Quartals umfasst einen nicht zahlungswirksamen Verlust von 42,0 Millionen Dollar aus der Neubewertung gesicherter Anleihen. Die Investition in Mineralinteressen fiel im Jahresvergleich von 73,7 Millionen Dollar auf 28,0 Millionen Dollar. Das Nettobetriebskapital lag bei 36,0 Millionen Dollar, ein Rückgang von 54,5 Millionen Dollar Ende 2023. Bemerkenswerte Entwicklungen umfassen die Verlängerung der Nutzungserlaubnis von KSM für 20 Jahre für die Mitchell Treaty Tunnels, vielversprechende Bohrergebnisse am Snip North Ziel von Iskut und Erkundungsaktivitäten bei 3 Aces.
- KSM's License of Occupation renewed for additional 20 years
- Promising drill results obtained at Iskut's Snip North target
- Gold trading at all-time high benefiting company's assets
- Net loss increased to $27.6 million from $5.3 million year-over-year
- Non-cash loss of $42.0 million from secured notes remeasurement
- Net working capital decreased to $36.0 million from $54.5 million
- Mineral interests investment reduced to $28.0 million from $73.7 million
Insights
This quarterly report reveals concerning financial metrics. The company posted a significant net loss of
Capital investments decreased substantially to
Toronto, Ontario--(Newsfile Corp. - November 13, 2024) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Report to Shareholders, Interim Financial Statements and Management's Discussion and Analysis for the three months period ended September 30, 2024 on SEDAR+. To review these documents on the Company website, please see https://www.seabridgegold.com/investors/financial-reports.
Recent Highlights
- Work and partnership discussions continue at KSM
- KSM's License of Occupation renewed for an additional 20 years for Mitchell Treaty Tunnels
- Promising drill results obtained at Iskut's Snip North target
- 2024 exploration at 3 Aces focused on evaluating targets
- Gold trades at all-time high
Financial Results
During the three-month period ended September 30, 2024 Seabridge posted a net loss of
It should be noted that the quarterly remeasurements of the secured note liabilities under IFRS leads to significant gains or losses over time due to changes in the input variables. However, these swings in fair value will have no impact on the actual outcome of the notes at maturity. Either the notes will be put back to the Company at the prescribed fixed price under the rights of the noteholders, or the notes will be exchanged for the prescribed royalty and NSR, at maturity.
Seabridge holds a
None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.
Technical Information
Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press release, including any references to mineral resources or mineral reserves, was prepared in accordance with Canadian National Instrument 43-101 ("NI 43-101"), which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC") applicable to U.S. domestic issuers. Accordingly, the scientific and technical information contained or referenced in this press release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman and C.E.O.
For further information please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/229888
FAQ
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