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Seabridge Gold Files Second Quarter 2025 Report to Shareholders and its Financial Statements and MD&A
Newsfile· 2025-08-13 21:24
Core Viewpoint - Seabridge Gold reported a decrease in net profit for Q2 2025 compared to the same period in 2024, primarily due to remeasurement of secured note liabilities, while increasing investments in mineral interests and maintaining strong working capital [3]. Financial Results - For the three months ended June 30, 2025, Seabridge posted a net profit of $12.3 million ($0.12 per share), down from $45.2 million ($0.51 per share) in Q2 2024 [3]. - The decrease in net profit was mainly attributed to the remeasurement of secured note liabilities [3]. - Seabridge invested $21.1 million in mineral interests, property, and equipment during Q2 2025, compared to $12.6 million in Q2 2024 [3]. - As of June 30, 2025, net working capital was $103.1 million, an increase from $37.8 million at December 31, 2024 [3]. Company Overview - Seabridge Gold holds a 100% interest in several North American gold projects, including the KSM and Iskut projects in Northwest British Columbia, the Courageous Lake project in the Northwest Territories, the Snowstorm project in Northern Nevada, and the 3 Aces project in the Yukon Territory [4].
Seabridge Gold Intersects Significant Porphyry Mineralization at Snip North
Newsfile· 2025-08-12 11:30
Core Viewpoint - Seabridge Gold has confirmed the presence of a significant copper-gold porphyry deposit at the Snip North target, with promising initial drill results indicating substantial mineralization [2][3]. Group 1: Drill Results - The first three drill holes at Snip North have successfully extended the mineralized footprint, revealing wide intervals of porphyry-style mineralization with notable copper and gold grades [2]. - Hole SN-25-25 intersected 729 meters of 0.48 gpt Au and 0.16% Cu, including 254 meters of 0.77 gpt Au and 0.31% Cu [6]. - Hole SN-25-26 showed 340.8 meters of 0.51 gpt Au and 0.11% Cu, while Hole SN-25-27 recorded 267.6 meters of 0.44 gpt Au and 0.15% Cu [7]. Group 2: Geological Insights - The mineralization at Snip North measures approximately 1,700 x 600 x 600 meters, with drilling aimed at achieving a density of pierce points for a maiden resource estimation [3]. - The drill holes encountered multiple generations of veining and mineralization, with distinct zonation including potassic and phyllic alteration [3][4]. - Intense alteration and mineralization were observed in coarser-grained sandstone and volcaniclastic units compared to finer-grained siltstones [3]. Group 3: Future Plans - The company plans to announce a resource estimation for Snip North early next year, following the completion of a 12,000-meter drill program [2][3]. - The ongoing drilling is designed to further define the extent of the mineralized zone and support future resource calculations [10].
Tunnel Status for Seabridge's KSM Project Challenged by Tudor Gold
Newsfile· 2025-07-14 11:30
Toronto, Ontario--(Newsfile Corp. - July 14, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") announced today that Tudor Gold Corp. ("Tudor") has filed a Notice of Appeal in the British Columbia Supreme Court against the Chief Gold Commissioner of British Columbia (the "CGC") and Seabridge which appeals a decision of the CGC rejecting an application brought by Tudor that seeks, in effect, to rescind the legal mechanism which prioritizes Seabridge's rights to use land passing ...
Seabridge Gold(SA) - 2025 Q2 - Quarterly Report
2025-06-28 00:31
News Release Trading Symbols: TSX: SEA For Immediate Release NYSE: SA June 26, 2025 Seabridge Chairman and CEO Rudi Fronk noted the departure of long-time board members Mr. Jay Layman and Mr. Eliseo Gonzalez Urien and their new roles as Board advisors. Mr. Layman worked as President and COO for over 10 years and has served as a director of Seabridge for over 13 years. During his tenure he made significant contributions to the growth and strategic direction of Seabridge. Mr. Gonzalez-Urien is an accomplished ...
Seabridge Gold Reports Achievements in Safety, Diversity, and Environmental Stewardship
Newsfile· 2025-06-09 11:30
Releases 2024 Sustainability Report June 09, 2025 7:30 AM EDT | Source: Seabridge Gold Inc. Toronto, Ontario--(Newsfile Corp. - June 9, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") has released its 2024 Sustainability Report, underscoring the Company's ongoing commitment to responsible exploration and development practices, community engagement, and environmental stewardship. The full report is here. Seabridge Gold Reports Achievements in Safety, Diversity, and Environmen ...
Seabridge Gold Begins Drilling Snip North Discovery
Newsfile· 2025-06-03 11:30
Core Viewpoint - Seabridge Gold has initiated its 2025 drill program at the Iskut Project, focusing on delineating copper-gold porphyry mineralization discovered in 2024, with the aim of developing a maiden resource estimation [1][2][3] Group 1: Drill Program Details - The 2025 program will utilize three helicopter-portable drill rigs and aims to complete at least 8,000 meters of core drilling, with a fully funded budget of $13.4 million [2] - The program will also evaluate other targets, including a Cu-Au porphyry intrusive source for the anticipated maiden resource [2] Group 2: Strategic Focus and Expectations - The Chairman and CEO of Seabridge Gold emphasized that the discovery at Snip North provides clear direction for resource development, with a focus on the Bronson Trend, which is expected to contain additional porphyry targets [3] - The Iskut Project's systems are comparable in size to the nearby KSM deposits, which have extensive strike lengths and significant width/depth dimensions, indicating potential for a large porphyry district [3] Group 3: Regional Geology and Potential - Regional geophysical surveys and surface geology have confirmed the Bronson Trend, which connects multiple occurrences and shows substantial high-level expressions of Cu-Au porphyry systems [3] - The ongoing efforts aim to refine the understanding of multiple porphyry targets embedded within this structural corridor, with results from the Snip North program expected to guide further exploration [3]
Seabridge Gold(SA) - 2025 Q1 - Quarterly Report
2025-05-13 22:46
Exhibit 99.1 SEABRIDGE GOLD INC. UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AS AT MARCH 31, 2025 Page 1 SEABRIDGE GOLD INC. Consolidated Statements of Financial Position (Expressed in thousands of Canadian dollars) (Unaudited) | | | | | | December | | --- | --- | --- | --- | --- | --- | | | | | March 31, | | 31, | | | Note | | 2025 | | 2024 | | Assets | | | | | | | Current assets | | | | | | | Cash and cash equivalents | | $ | 156,761 | $ | 49,815 | | Amounts receivable and prepaid expens ...
Seabridge Gold Files First Quarter Financial Statements and MD&A
Newsfile· 2025-05-13 22:28
Seabridge's Q1 2025 Report to Shareholders can be found here. Recent Highlights Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Interim Financial Statements and Management's Discussion and Analysis for the three- month period ended March 31, 2025 on SEDAR+ (https://www.sedarplus.ca). These statements are also available on Seabridge's website at https://www.seabridgegold.com/investors/financial-reports. Financial Results During th ...
Seabridge Gold(SA) - 2024 Q4 - Annual Report
2025-03-28 18:42
News Release Trading Symbols: TSX: SEA For Immediate Release NYSE: SEA March 28, 2025 Seabridge Gold's Appeal of Disallowed Expenditures under BC METC Program is "Substantially Successful" Court's Decision Should Also Apply to Seabridge Gold's Appeal of Disallowed Expenditures with Flow-Through Funds Raised in 2013-2015 Toronto, Canada… Seabridge Gold Inc. ("Seabridge" or the "Company") announced today that the British Columbia Supreme Court ("BCSC") has allowed its appeal of the Canada Revenue Agency's ("C ...
Seabridge Gold's Appeal of Disallowed Expenditures under BC METC Program is "Substantially Successful"
Newsfile· 2025-03-28 11:15
Core Viewpoint - Seabridge Gold Inc. successfully appealed the Canada Revenue Agency's disallowance of $15.8 million in exploration expenditures under the BC Mining Exploration Tax Credit program, with the British Columbia Supreme Court ruling that these expenses qualify under the program [2][3]. Group 1: Court Decision and Financial Implications - The British Columbia Supreme Court allowed Seabridge's appeal, validating that expenses aiding in determining the economic viability of a mineral resource qualify under the BC METC program [2][3]. - The court's decision indicates that approximately $3.1 million in refunds (plus interest) under the BC METC program are at stake, and Seabridge was awarded costs for its successful appeal [2][3]. - The ruling also has implications for Seabridge's previous flow-through share financings from 2013-2015, where the CRA had reduced claimed expenditures by approximately $19.1 million [4]. Group 2: Definition of Qualified Expenses - The court focused on the definition of "qualified mining exploration expenses" under the BC METC program, concluding that expenses related to determining the economic viability of a mineral resource meet the purpose test [3]. - Qualified expenses included open pit and block cave mine plans, engineering investigations, infrastructure design, and metallurgical testing, while only report compilation expenses were disallowed [3]. Group 3: Company Statements and Future Actions - The Chairman and CEO expressed satisfaction with the court's decision, indicating it validates the company's approach to claiming expenses and may lead to the return of funds [5]. - The company plans to consult with legal counsel to resolve the reassessment of flow-through share expenditures based on the court's reasoning [4][5]. - Seabridge holds a 100% interest in several North American gold projects, including the KSM and Iskut projects located in British Columbia [5].