Seabridge Gold Files Second Quarter 2024 Report to Shareholders and Its Financial Statements and MD&A

Core Insights - Seabridge Gold reported a significant increase in net profit for Q2 2024, reaching $45.2 million ($0.51 per share), compared to $9.0 million ($0.11 per share) in Q2 2023, primarily due to gains from remeasurement of secured note liabilities [3]. - The company has ongoing drilling programs and project developments, including a $12 million, 15,000-meter drill program at Iskut and a $6 million, 8,000-meter drill program at 3 Aces [3]. Financial Performance - For the three-month period ended June 30, 2024, Seabridge invested $30.1 million in mineral interests, property, and equipment, a decrease from $66.2 million in the same period of 2023 [3]. - As of June 30, 2024, the company's net working capital was $45.1 million, down from $54.5 million at the end of 2023 [3]. Project Developments - The KSM project received a "Substantially Started" designation from the British Columbia Government, indicating progress in development [3]. - The first mineral resource estimate for the Bronson gold-copper deposit has been completed, showcasing the company's ongoing exploration efforts [3][4].