Welcome to our dedicated page for Seabridge Gold news (Ticker: $SA), a resource for investors and traders seeking the latest updates and insights on Seabridge Gold stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Seabridge Gold's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Seabridge Gold's position in the market.
Seabridge Gold (TSX: SEA, NYSE: SA) has commenced its 2024 drilling program at the Iskut Project in the Golden Triangle of northwest B.C. The project targets copper-gold porphyry systems with three helicopter-portable drill rigs, aiming to complete around 15,000 meters of core drilling at a budgeted cost of $12 million. Last year's discoveries at Bronson Slope and Snip North have informed this year's focus. Seabridge aims to uncover deeper porphyry potential, building on geophysical surveys and surface geology results. The Iskut project joins Seabridge's portfolio alongside other projects in North America, including the KSM project in B.C., the Courageous Lake project in the Northwest Territories, and more.
Seabridge Gold (TSX: SEA, NYSE: SA) announced its 2023 Sustainability Report, highlighting accomplishments in diversity, safety, and environmental initiatives.
The report emphasizes the inclusion of Indigenous representation and increased female participation at the Board and management levels. It details the company's best safety performance in history, comprehensive safety practices, and climate and nature-related risk assessments.
Seabridge's KSM Project is noted as a potential low-carbon copper producer. The company aims to achieve a net-zero carbon footprint and is recognized for engaging with First Nations and rehabilitating legacy mining impacts.
Seabridge owns several North American gold projects, including KSM, Iskut, Courageous Lake, Snowstorm, and 3 Aces.
Seabridge Gold (TSX: SEA, NYSE: SA) has filed its Interim Financial Statements and Management's Discussion and Analysis for Q1 2024, ending March 31. Highlights include the application for Substantially Started Status for the KSM project, filing an NI-43-101 Technical report for the Courageous Lake Project, and submitting a permit application for the Mitchell Treaty Tunnel. The company plans a 15,000-meter drill program at Iskut and a drill program at 3 Aces aimed at resource estimation. Financially, Seabridge reported a net loss of $8.2 million ($0.09 per share), an improvement from a $10.8 million loss ($0.13 per share) in Q1 2023. The company invested $39.3 million in mineral interests, down from $48.6 million year-over-year, and holds $43.2 million in net working capital, compared to $54.5 million at the end of 2023.
Seabridge Gold announced the launch of the 2024 drill program at the 3 Aces project in the Yukon to expand on last season's exploration model. The comprehensive program will focus on resource estimation, targeting new areas within the Central Core and regional targets, with drilling, geophysical surveys, and a budget of $6.0M. The company aims to delineate gold mineralization, especially high-grade gold, using its exploration model to potentially confirm a district-scale project. Environmental activities will also be a focus, with a fully funded and strategic approach to move the project forward.