Toronto, Ontario--(Newsfile Corp. - February 12, 2026) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today the upcoming retirement of its Chief Financial Officer, Chris Reynolds. After 15 years of dedicated service, Chris will step down from the role effective March 31, 2026, following completion of the 2025 audit and filing the annual financial statements. He leaves behind a legacy of financial stewardship, strategic growth, and lasting relationships.Chris became part of the team in 2011 and played an ...

Seabridge Gold Inc. (NYSE:SA) is among the 11 Best Gold Stocks to Buy for 2026. Seabridge Gold Inc. (SA) Released a 2025 Year-End Report Seabridge Gold Inc. (NYSE:SA) released a 2025 year-end report on operations, exploration, and corporate initiatives on December 18, 2025. The company finished advanced power infrastructure and 8,500 meters of geotechnical drilling over 117 holes at KSM, setting the project up for a feasibility assessment. Seabridge anticipates improvements in 2026 and has progressed col ...

Group 1 - Seabridge Gold Inc. (NYSE:SA) is recognized as one of the 15 best performing silver stocks to buy [1] - A year-end update on December 18, 2025, highlighted significant developments in partnerships, projects, exploration, and permitting, including 8,500 meters of geotechnical drilling and progress towards a feasibility study [2] - The company reported a peak site employment of over 260 personnel and achieved zero reportable environmental issues during its operations [2] - Seabridge Gold announced the spin-out of its fully owned Courageous Lake project as Valor Gold, which contains 3.3 million inferred ounces of gold and 11.0 million measured and indicated ounces [3] - The company is actively exploring and developing gold properties in North America, indicating growth potential [3]

Group 1 - The importance of recognizing the end of a bull market is crucial for making profits in natural resources [2] - During a bull market, it is advised to ignore daily price fluctuations and stay invested for the long term [1][2] - A trailing stop strategy, typically set at 25%, can help investors determine when to sell and convert paper gains into actual profits [5][6] Group 2 - Seabridge Gold serves as an example of a stock that experienced significant price increases, rising over 350% twice between 2006 and 2011 [3][5] - The global financial crisis in 2008 interrupted the bull market in metals, highlighting the need for a strategy to exit positions [5] - Re-entering mining stocks in early 2009 proved profitable as many investors remained hesitant, indicating favorable market conditions for the long run [7]

Core Viewpoint - Seabridge Gold Inc. is planning to spin out its 100% interest in the Courageous Lake gold project into a new entity called Valor Gold Corp, with the intention to distribute shares to existing shareholders [1][2]. Spin-Out Structure - The spin-out will be executed through a court-approved plan of arrangement under the Canada Business Corporations Act, with a shareholder meeting expected in June 2026 to approve the plan [2]. - Valor Gold will seek listings on the Toronto Stock Exchange and the OTCQB Venture Market, with potential plans for a NYSE listing in the future [3]. Financial Aspects - Valor Gold will have C$10 million in cash at the time of the spin-out to fund work programs and corporate general and administrative expenses [4]. Leadership - Mark J. Ashley has been appointed as the CEO and director of Valor, bringing over 40 years of experience in the mining industry and a proven track record in project development and operational execution [5][6]. Project Overview - Courageous Lake is one of Canada's largest undeveloped gold projects, with total contained gold inventory of 11.0 million ounces in Measured and Indicated Resources and an additional 3.3 million ounces in the inferred category [6]. - The project includes 2.8 million ounces of proven and probable reserves, making it one of the highest-grade open-pit gold projects in Canada [6]. Exploration Potential - Post-spin-out, Valor Gold plans to initiate a targeted drill program to explore for satellite deposits similar to Walsh Lake, which could enhance project economics [7].

Core Viewpoint - Seabridge Gold Inc. (NYSE:SA) is highlighted as one of the top multibagger stocks to consider for investment heading into 2026, driven by strong one-year returns and significant upside potential [1] Group 1: Analyst Ratings and Price Targets - Analysts maintain a bullish outlook on Seabridge Gold, with a consensus rating of Buy from all analysts covering the stock, indicating strong market confidence [2] - The consensus one-year median price target for Seabridge Gold is $52.1, suggesting an approximate 80% potential upside from current levels [2] Group 2: Project Developments - Analyst Nick Giles from B. Riley has raised his price target for Seabridge Gold from $50 to $65, citing sustained strength in gold prices and progress on the Kerr-Sulphurets-Mitchell (KSM) project as key factors [3] - The KSM project is recognized as the world's largest undeveloped gold project, featuring substantial copper resources and an approved mine life exceeding 50 years [4] Group 3: Company Overview - Seabridge Gold Inc. focuses on the acquisition and exploration of gold properties in North America, with its principal assets being the KSM project and Iskut projects located in Northwest British Columbia [4]

Core Viewpoint - Seabridge Gold Inc. provided a year-end update for 2025, highlighting significant progress in its KSM Project and the decision to spin out its Courageous Lake subsidiary to optimize shareholder value [1][5]. KSM Partnership - In 2025, management focused on due diligence with potential partners, completing final site visits by three joint venture finalists, and is progressing towards a partnership announcement [2]. KSM Field Activities - The KSM Project made substantial progress, completing an extensive field data collection program with approximately 8,500 meters of drilling across 117 drill holes, and advancing construction on the Treaty Creek Terminal [3]. Project Support and Performance - The project maintained high standards, receiving the David Barr Award, achieving zero reportable environmental incidents, and supporting over 260 workers at peak activity [4]. Courageous Lake Spin-Out - The company plans to spin out its subsidiary, Seabridge Gold (NWT) Inc. (to be renamed "Valor Gold"), which owns the Courageous Lake Gold Project, distributing shares to Seabridge shareholders [5][6]. Courageous Lake Project Details - Courageous Lake is one of Canada's largest undeveloped gold projects, with a total contained gold inventory of 11.0 million ounces and additional inferred resources of 3.3 million ounces [6]. Exploration Strategy - The corporate strategy emphasizes increasing gold ownership per share, with recent drilling at the Iskut Project defining a major porphyry system and significant mineralization [7][8]. Permitting and Regulatory Compliance - The company met all regulatory requirements for the M-245 Joint Mines Act amendment, with the permit expected to be issued in Q1 2026, allowing construction of the Mitchell-Treaty Tunnel [11]. Indigenous Engagement - Seabridge strengthened relationships with Indigenous groups through proactive engagement and support initiatives, maintaining strong connections with various Nations [14]. Legal Proceedings - A court hearing regarding the Substantially Started Designation for KSM took place in late 2025, with a decision expected in Q1 2026 [15]. Future Outlook - The company anticipates a successful 2026, expecting to finalize a KSM partner early in the year and aiming for significant advancements in its projects [16].

Core Viewpoint - Seabridge Gold plans to spin out its subsidiary owning the Courageous Lake project, aiming to unlock its value overshadowed by the KSM project [1][8] Project Overview - Courageous Lake is one of Canada's largest undeveloped gold projects, with an estimated 11 million oz. of gold in the measured and indicated category and an additional 3.3 million oz. in the inferred category [2] - The project has 2.8 million oz. of proven and probable reserves at an average grade of 2.6 g/t, making it one of the highest-grade open-pit gold projects in Canada [2] Spin-Out Details - The new entity, named Valor Gold, will focus on exploration, engineering, and permitting for the Courageous Lake project, with shares distributed to Seabridge shareholders [3] Economic Assessment - An updated preliminary feasibility study indicates a potential open-pit gold mine with an average annual production of 201,000 oz. over a mine life of approximately 12.6 years [4] - At a gold price of $1,850/oz., the project's after-tax net present value (NPV) is $523 million, with an internal rate of return (IRR) of 20.6% and a payback period of 2.8 years; at $2,500/oz., the NPV increases to $1.1 billion, IRR to 38.2%, and payback to 1.6 years [5] Expansion Potential - A new preliminary economic assessment suggests potential for mine life extension by evaluating additional inferred resources and satellite pits, such as the Walsh Lake deposit, which has an inferred resource of 555,000 oz. of gold [6][7] - Less than 15% of the 500 km² land package has been explored, indicating significant upside potential [7] Management Perspective - The company believes Courageous Lake holds substantial value and additional district potential in a Tier 1 jurisdiction, which is not currently reflected in Seabridge's share price [8]

Core Viewpoint - Seabridge Gold Inc. plans to spin out its subsidiary Seabridge Gold (NWT) Inc., which will be renamed Valor Gold, to focus on the Courageous Lake Gold Project, allowing Seabridge to concentrate on its KSM project and other exploration assets [1][3] Group 1: Spin-Out Details - Valor Gold will own 100% of the Courageous Lake Gold Project and will focus on exploration, engineering, and permitting [1] - Shares of Valor Gold are expected to be distributed to Seabridge shareholders and listed on at least one major public stock exchange [1][9] - Seabridge management will oversee Courageous Lake until a dedicated team is established for Valor Gold [7] Group 2: Project Overview - Courageous Lake is one of Canada's largest undeveloped gold projects, with a total contained gold inventory of 11.0 million ounces in Measured and Indicated Resources and an additional 3.3 million ounces in the inferred category [2] - The project includes 2.8 million ounces of proven and probable reserves, making it one of the highest-grade open pit gold projects in Canada [2] Group 3: Financial Projections - At a gold price of US$2,500 per ounce, the after-tax NPV (5%) of Courageous Lake increases to US$1.1 billion, with an IRR of 38.2% and a payback period of 1.6 years [5] - The 2024 PFS indicates a mine life of 12.6 years, with total payable gold of 2.5 million ounces and an average annual payable gold of 201,000 ounces [13] Group 4: Future Plans - Valor Gold plans to conduct a targeted drill program to explore for satellite deposits similar to the Walsh Lake deposit, which could enhance the project's economics [8] - The spin-out is expected to be completed through a plan of arrangement under the Canada Business Corporations Act, with updates anticipated in Q1 2026 [9]

Core Insights - Seabridge Gold has reported significant drilling results from the Snip North Deposit at the Iskut project, indicating a large and robust Porphyry Cu-Au system with mineralization defined over a strike length of 2,100 meters, a dip projection of 600 meters, and a width of up to 700 meters [1][2] Drilling Results - The recent drilling has intersected wide intervals of consistent gold and copper grades, with notable holes such as SN-25-31 to SN-25-42 designed to infill and characterize potassic alteration and replacement mineralization [4][5] - Drill hole SN-25-31 reported an interval of 293.0 meters with an average gold grade of 0.46 gpt and copper grade of 0.10% [6] - Other significant results include SN-25-34 with 538.9 meters at 0.52 gpt gold and 0.13% copper, and SN-25-38 with 392.5 meters at 0.57 gpt gold [6][7] Geological Characteristics - The mineralization is primarily confined to a broad zone of potassic alteration within Triassic Stuhini sedimentary and volcanic rocks, characterized by hydrothermal biotite and magnetite [3] - The system exhibits intense quartz-sericite-pyrite alteration, indicating high-temperature and high magmatic fluid flux, with significant molybdenum grades observed [4] Future Outlook - The company is confident in achieving a significant maiden resource estimate for Snip North in early 2026, with ongoing assays and modeling to further define the limits of mineralization [2][11] - There is potential for discovering a higher-grade intrusive source, as indicated by promising results from specific drill holes [2][11]