Seabridge Gold Files First Quarter Financial Statements and MD&A

Core Viewpoint - Seabridge Gold reported a significant turnaround in financial performance for Q1 2025, achieving net earnings compared to a loss in the same period of the previous year [3]. Financial Results - Seabridge posted net earnings of $10.6 million ($0.11 per share) in Q1 2025, a recovery from a net loss of $8.2 million ($0.09 per share) in Q1 2024 [3]. - The company invested $14.3 million in mineral interests, property, and equipment during Q1 2025, a decrease from $39.3 million in Q1 2024 [3]. - Working capital increased by $110.9 million, rising from $37.8 million on December 31, 2024, to $148.7 million on March 31, 2025 [3]. Company Assets - 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 [4]. Recent Developments - The company secured $100 million in new financings, including $20 million from a strategic investor [5]. - Field programs for 2025 are underway at the KSM project [5]. - Fully funded exploration programs are planned at Iskut and 3 Aces [5]. - The gold price reached an all-time high of $3,500 per ounce [5].