Seabridge Gold Files Second Quarter 2025 Report to Shareholders and its Financial Statements and MD&A

Core Viewpoint - Seabridge Gold reported a decrease in net profit for Q2 2025 compared to the same period in 2024, primarily due to remeasurement of secured note liabilities, while increasing investments in mineral interests and maintaining strong working capital [3]. Financial Results - For the three months ended June 30, 2025, Seabridge posted a net profit of $12.3 million ($0.12 per share), down from $45.2 million ($0.51 per share) in Q2 2024 [3]. - The decrease in net profit was mainly attributed to the remeasurement of secured note liabilities [3]. - Seabridge invested $21.1 million in mineral interests, property, and equipment during Q2 2025, compared to $12.6 million in Q2 2024 [3]. - As of June 30, 2025, net working capital was $103.1 million, an increase from $37.8 million at December 31, 2024 [3]. Company Overview - Seabridge Gold holds a 100% interest in several North American gold projects, including the KSM and Iskut projects in Northwest British Columbia, the Courageous Lake project in the Northwest Territories, the Snowstorm project in Northern Nevada, and the 3 Aces project in the Yukon Territory [4].