Seabridge Gold Releases Comprehensive 2023 Sustainability Report

Rhea-AI Summary

Seabridge Gold (TSX: SEA, NYSE: SA) announced its 2023 Sustainability Report, highlighting accomplishments in diversity, safety, and environmental initiatives.

The report emphasizes the inclusion of Indigenous representation and increased female participation at the Board and management levels. It details the company's best safety performance in history, comprehensive safety practices, and climate and nature-related risk assessments.

Seabridge's KSM Project is noted as a potential low-carbon copper producer. The company aims to achieve a net-zero carbon footprint and is recognized for engaging with First Nations and rehabilitating legacy mining impacts.

Seabridge owns several North American gold projects, including KSM, Iskut, Courageous Lake, Snowstorm, and 3 Aces.

Positive

• Increased Indigenous representation on the Board and management team.
• 36% of the Board of Directors are women, with several key committees chaired by women.
• 53% female representation in the management team.
• Best safety performance in company history due to comprehensive safety practices.
• Potential for KSM Project to be a low-carbon copper producer.
• Voluntary rehabilitation of the negative impact of legacy mining.
• Engagement with First Nations and forming real working partnerships.

Negative

• The PR does not specify any revenue or financial performance data.
• No detailed financial implications or costs related to the sustainability initiatives are provided.
• The actual progress towards the net-zero carbon footprint is not quantified in the report.

Toronto, Ontario--(Newsfile Corp. - May 29, 2024) - Seabridge Gold (TSX: SEA) (NYSE: SA) today announced the release of its 2023 Sustainability Report. The full report may be found here. This document covers many aspects of sustainability, from enhancing the benefits of our exploration activities to our Treaty and First Nation partners to supporting the social and economic infrastructure essential to the well-being of our surrounding communities. The report provides insights into the sustainability challenges we face and the measures we are taking to meet those challenges.

Chairman and CEO Rudi Fronk noted that "we are particularly proud of our achievements in the realm of diversity and inclusion at the Board of Directors level and throughout the organization. We have added Indigenous representation on the Board, and we have increased Indigenous participation in our management team. At the board level, 36% of our directors are women and several board committees are chaired by women. On our management team, female representation has risen to 53%."

The report documents the evolution of a safety culture in Seabridge, detailing the comprehensive safety practices introduced in 2023 and the procedures for measuring our progress that have been implemented. The gratifying result was the best safety performance in our company's history.

Our Board of Directors and Sustainability Committee continued the work of assessing our climate and nature-related risks and opportunities. As noted in the report, our KSM Project has the potential to be an industry-leading low carbon copper producer. We continue to look for additional opportunities to decarbonize and optimize our project design. More broadly, our management team has formulated a robust analysis of our carbon footprint as a foundation for future steps towards a net zero profile for our company.

"Seabridge is recognized as an industry leader in engagement with First Nations, forming real working partnerships with our Indigenous neighbours and voluntarily rehabilitating the negative impact of legacy mining. We aim to stay ahead of the expectations of our partners and investors by deepening our understanding of how we can reduce our GHG emissions and our impact on the natural environment. Our aim is to be a trusted and valued member of the communities in which we operate," said Fronk.

Seabridge holds a 100% interest in several North American gold projects. Seabridge's assets include the KSM and Iskut projects located in Northwest British Columbia, Canada's "Golden Triangle", the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. For a full breakdown of Seabridge's Mineral Reserves and Mineral Resources by category please visit the Company's website at http://www.seabridgegold.com.

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.

ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman & 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/210789

FAQ

What are the key highlights of Seabridge Gold's 2023 Sustainability Report?

Key highlights include increased Indigenous and female representation, best safety performance in history, and potential for the KSM Project to be a low-carbon copper producer.

What percentage of Seabridge Gold's Board of Directors are women?

36% of Seabridge Gold's Board of Directors are women.

What is Seabridge Gold's stock symbol on NYSE?

Seabridge Gold's stock symbol on NYSE is SA.

How has Seabridge Gold engaged with Indigenous communities?

Seabridge Gold has increased Indigenous representation in its management team and formed real working partnerships with First Nations.

Which project is mentioned as a potential low-carbon copper producer in Seabridge Gold's sustainability report?

The KSM Project is mentioned as a potential low-carbon copper producer.