Newsfileยท2025-03-27 23:52Core 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]