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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 Begins Drilling Snip North Discovery
Newsfile· 2025-06-03 11:30
Seabridge Gold Begins Drilling Snip North DiscoveryAims to develop maiden Cu-Au resource and test porphyry targetsJune 03, 2025 7:30 AM EDT | Source: Seabridge Gold Inc.Toronto, Ontario--(Newsfile Corp. - June 3, 2025) - Seabridge Gold (TSX: SEA) (NYSE: SA) reports today that the 2025 drill program at our Iskut Project has commenced and focuses on delineating the copper-gold porphyry mineralization discovered in our 2024 program. The Iskut Project is in the Golden Triangle of northwest B.C. ab ...
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(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
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 2013-2015March 28, 2025 7:15 AM EDT | Source: Seabridge Gold Inc.Toronto, Ontario--(Newsfile Corp. - March 28, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") announced today that the British Columbia Supreme Court ("BCSC") has allowed its ...
Seabridge Gold Files 2024 Annual Information Form, Year End Audited Financial Statements and MD&A
Newsfile· 2025-03-27 23:52
Core Points - Seabridge Gold filed its Annual Information Form, Audited Consolidated Financial Statements, and Management's Discussion and Analysis for the year ended December 31, 2024 [1] - The company reported a net loss of $31.2 million ($0.35 per share) for 2024, compared to a net loss of $29.3 million ($0.35 per share) in 2023 [2] - Seabridge invested $106.3 million in mineral interests, property, and equipment in 2024, a decrease from $230.2 million in 2023 [2] - As of December 31, 2024, net working capital was $37.8 million, down from $54.5 million at the end of 2023 [2] Company Developments - Chairman and CEO Rudi Fronk highlighted significant accomplishments in 2024, including the Substantially Started Determination from the BC government and the discovery of a large gold and copper mineralization system at the Iskut project [3] - The primary corporate objective for 2025 is to secure a partner for the KSM project with the necessary technical, financial, and social skills [3] - In February 2025, Seabridge completed two equity financings totaling gross proceeds of $142.5 million (US$100 million) to strengthen its balance sheet [3] - The net proceeds from these financings will be allocated to various project-related expenses, including payments to BC Hydro and funding for a bankable feasibility study for the KSM project [3] Asset Overview - Seabridge holds a 100% interest in several North American gold projects, including the KSM and Iskut projects located in British Columbia's "Golden Triangle" [4] - Other projects include Courageous Lake in Northwest Territories, Snowstorm in Northern Nevada, and 3 Aces in Yukon Territory [4]
Seabridge Gold Announces 2025 Corporate Objectives
Newsfile· 2025-03-12 11:30
Core Viewpoint - Seabridge Gold has outlined its 2025 objectives, which are critical for measuring the company's performance and determining compensation for senior management and employees [1][3]. Group 1: 2025 Objectives - The company aims to enter a partnership agreement for the KSM project with a major mining company, assigning a 25% weighting to this objective [2]. - Securing a minimum of $100 million in new funding for early-stage construction activities at KSM has been completed, with a 20% weighting [2]. - A drill program of at least 8,000 meters at Iskut is planned to announce a maiden gold-copper mineral resource at the Snip North target in Q1 2026, with a 10% weighting [2]. - The company intends to exit 2025 with more gold resources per common share than reported at year-end 2024, based on including 100% of KSM, with a 6% weighting [2]. - Completing and filing responses to contest two petitions in BC Supreme Court regarding KSM's designation is assigned a 5% weighting [2]. - Satisfying regulatory requirements for the M245 permit application for the Mitchell Treaty Tunnels is also weighted at 5% [2]. - The company aims to improve key Health and Safety indicators, targeting a Total Reported Incident Frequency (TRIF) of less than or equal to 1.5 for 2025, with a 5% weighting [2]. - Developing a strategy to unlock shareholder value from Courageous Lake is weighted at 5% [2]. - A drill program of at least 2,500 meters at 3 Aces is planned, with a 5% weighting [2]. - The company will continue to enhance Cybersecurity systems, targeting the elimination of remaining gaps, with a 2% weighting [2]. - Mine closure activities at the former Johnny Mountain mine will continue to meet regulatory satisfaction, weighted at 2% [2]. - Compliance with permit conditions and regulatory inspections is also weighted at 2% [2]. - Strengthening social licenses with Treaty and First Nations and local communities is assigned a 2% weighting [2]. - Maturing risk management programs and systems is weighted at 2% [2]. - Developing internal processes for compliance with Canadian Sustainability Standards Board guidelines is also weighted at 2% [2]. - Further evaluation of potential discoveries at Snowstorm using AI technology is assigned a 2% weighting [2]. Group 2: Company Overview - Seabridge Gold holds a 100% interest in several North American gold projects, with its principal assets being the KSM and Iskut projects located in Northwest British Columbia's "Golden Triangle" [2]. - Other projects include Courageous Lake in the Northwest Territories, Snowstorm in Northern Nevada's Getchell Gold Belt, and the 3 Aces project in Yukon [2].
Seabridge Gold Reports on 2024 Corporate Objectives
Newsfile· 2025-02-26 12:30
Group 1 - Seabridge Gold has been setting and publishing annual objectives for over 20 years, with a report card released at the end of each year to assess success [1] - In 2024, the company established fifteen specific objectives, which were published in April 2024 [1] - Seabridge holds a 100% interest in several North American gold projects, including the KSM and Iskut projects in British Columbia, Courageous Lake in Northwest Territories, Snowstorm in Northern Nevada, and 3 Aces in Yukon Territory [2] Group 2 - For detailed information on Seabridge's mineral reserves and resources, stakeholders are directed to the company's website [2]
Seabridge Gold Closes US$100 Million in Financings
Newsfile· 2025-02-19 13:46
Core Viewpoint - Seabridge Gold Inc. has successfully closed a bought deal offering and a private placement, raising a total of approximately US$100 million to support its KSM gold-copper project and other corporate activities [1][2][5]. Financing Details - The bought deal offering consisted of 6,540,000 common shares priced at US$12.25 per share, generating gross proceeds of approximately US$80 million [1]. - The private placement involved 1,640,000 common shares, yielding gross proceeds of approximately US$20 million [2]. Use of Proceeds - Net proceeds will be allocated to payments to BC Hydro for the KSM switching station, completion of field data collection for a bankable feasibility study, and funding ongoing activities at the KSM project [3]. - The financing will also support general corporate purposes [3]. Management Commentary - Seabridge's Chairman and CEO, Rudi Fronk, emphasized that the financing will maintain momentum at the KSM project while engaging with potential joint-venture partners [4]. - The program aims to gather necessary field data for the feasibility study and secure priority status with BC Hydro for low-cost green energy [4]. Company Overview - Seabridge Gold holds a 100% interest in several North American gold projects, with the KSM project being its principal asset located in British Columbia [7].
Seabridge Gold Announces Agreement Renewing At-The-Market Offering
Newsfile· 2025-01-25 02:51
Equity Offering and Sales Agreement - Seabridge Gold Inc has entered into a Controlled Equity OfferingSM Sales Agreement with Cantor Fitzgerald & Co and RBC Capital Markets LLC allowing the company to sell common shares resulting in aggregate gross proceeds of up to US$100 million [1] - The shares will be sold through at-the-market distributions on the NYSE or other US trading markets with no sales in Canada [1] - The ATM Facility program can be in effect until Seabridge's US$750 million Shelf Registration Statement expires in February 2027 [2] Use of Proceeds - Net proceeds from the ATM Facility may be used for exploration and advancement of the company's projects potential future acquisitions working capital and general corporate purposes [2] Company Background - Seabridge Gold holds a 100% interest in several North American gold projects including the KSM project Iskut project Courageous Lake project Snowstorm project and 3 Aces project [5] - The company's principal asset the KSM project is located in Northwest British Columbia Canada's "Golden Triangle" [5] Offering Details - The offering will be made through a prospectus supplement to the company's existing Canadian short form base shelf prospectus and US registration statement on Form F-10 [3] - The Prospectus Supplement will be filed with Securities Commissions in Canada and the SEC [3] - The company has had similar ATM facilities in place for many years providing flexibility to raise funds efficiently [3]