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Seabridge Gold (SA) Stock News, Nov 2025-Mar 2026

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Seabridge Gold Inc. explores and develops North American gold and copper projects, with news centered on the KSM Project in northwestern British Columbia and other Canadian mineral assets. Recurring updates cover mineral resource estimates, reserve and technical-report assumptions, permitting and infrastructure matters, and provincial or regulatory actions tied to mine development.

Company releases also address the Bronson Corridor project in British Columbia’s Golden Triangle, the Courageous Lake project in the Northwest Territories, annual and special shareholder meetings, capital-structure matters, operating and financial results, and governance disclosures for its TSX- and NYSE-listed common shares.

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Seabridge Gold (NYSE: SA) announced that Tudor Gold filed a Notice of Abandonment of Appeal on March 19, 2026, relinquishing its challenge to the BC Chief Gold Commissioner's May 28, 2025 jurisdictional decision concerning the KSM Mitchell Treaty Tunnels (MTT).

The company said the abandonment affirms the Conditional Mineral Reserve (CMR) obligations that bar claim holders from obstructing the MTT; roughly 12.5 kilometers of the MTT pass through Tudor-held mineral claims.

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Seabridge Gold (TSX: SEA, NYSE: SA) published its 2026 objectives on March 10, 2026, continuing a practice of annual goals and year-end "report card" disclosures maintained for more than 20 years.

The company says these objectives determine at-risk compensation for senior management and bonuses for other employees. The release lists 10 objectives for 2026 with board-assigned weighting factors and links to an enhanced graphic and the 2025 report card.

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Seabridge Gold (NYSE: SA) reported robust metallurgical test results from 2025 drill-core samples at the Snip North deposit, part of its Iskut Gold-Copper Project. Locked cycle flotation produced copper-gold-molybdenum concentrates with Cu 20–28% and Au 83–525 g/t. Overall gold recoveries after cyanide leach improved to 85.3%–92.7%. Bond work index 9.9–11.9 kW-hr/tonne indicates soft grind characteristics. Results support planning for a maiden resource estimate and show potential for a separate molybdenum concentrate.

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Seabridge Gold (NYSE: SA) announced key finance leadership changes effective March 31, 2026: longtime CFO Chris Reynolds will retire after 15 years following completion of the 2025 audit and annual financial statements. Greg Martin will become CFO, joining March 2 for transition, and Hassan Esmaeili is promoted to VP, Finance.

The moves aim to preserve continuity as the company advances the KSM project and prepares for a joint venture partnership.

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Seabridge Gold (NYSE: SA, TSX: SEA) published its 2025 Report Card, reviewing progress against 16 objectives that were announced in March 2025. The company states it holds 100% interests in multiple North American gold projects including KSM, Iskut, Courageous Lake, Snowstorm and 3 Aces.

The report directs readers to the company website for a full breakdown of mineral reserves and resources by category and frames the update as an annual corporate objectives review.

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Seabridge Gold (NYSE: SA) announced an update on its planned spin-out of the Courageous Lake gold project into a new company, Valor Gold. A shareholder meeting to approve the court-approved plan of arrangement is expected in June 2026, with Valor seeking listings on the TSX and OTCQB and potential NYSE listing later. Share trading is planned prior to the end of Q2 2026, subject to approvals and closing. Valor is expected to be funded with C$10 million at spin-out. Courageous Lake hosts 11.0M oz M&I and 3.3M oz inferred gold, plus 2.8M oz proven and probable reserves; Walsh Lake adds ~555k oz inferred.

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Seabridge Gold (NYSE: SA) provided a year-end update on December 18, 2025 covering 2025 field work, permitting, a planned spin-out, partner search progress and legal and reclamation items.

Key facts: KSM completed ~8,500 metres of geotechnical drilling (117 holes) and advanced Treaty Creek Terminal construction; a partner selection announcement was delayed into 2026. Seabridge will spin out its Courageous Lake asset (to be renamed Valor Gold) and intends to distribute Valor shares to Seabridge shareholders. Courageous Lake contains 11.0M oz M&I gold, 3.3M oz inferred, and 2.8M oz P&P reserves. At Iskut/Snip North, 24,225 metres of drilling defined a porphyry with a highlight of 820m @ 0.66 g/t Au and 0.14% Cu.

Critical near‑term dates: permit amendment expected Q1 2026; court decision on Substantially Started designation expected Q1 2026.

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Seabridge Gold (NYSE: SA) announced plans to spin out its wholly owned Courageous Lake gold project into a new company, to be renamed Valor Gold, with shares expected to be distributed to Seabridge shareholders and listed on a public exchange.

Key metrics: Courageous Lake hosts 11.0 million oz Measured & Indicated and 3.3 million oz Inferred; 2024 PFS (US$1,850/oz) shows after-tax NPV5% of US$523M, IRR 20.6%, initial capital US$747M, mine life 12.6 years. At US$2,500/oz NPV5% rises to US$1.1B.

The company said Valor Gold will be funded for immediate needs but may seek private financing for 2026–2027 work; the spinout remains subject to board, shareholder, court and regulatory approvals and is not guaranteed. Seabridge expects a market update in Q1 2026.

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Seabridge Gold (NYSE: SA) reported further 2025 drilling results from the Snip North Deposit at its 100% owned Iskut project on December 10, 2025. Mineralization is now defined over a 2,100 m strike, 600 m dip projection and up to 700 m width. Multiple holes returned long, continuous Au-Cu intervals (examples: 719 m at 0.60 g/t Au, 550 m at 0.43 g/t Au) and higher-grade internal zones (up to 2.12 g/t Au over 35.1 m). The company said the system remains open at depth and along strike and aims for a maiden resource estimate in early 2026.

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Seabridge Gold (NYSE: SA) announced that subsidiary KSM Mining ULC received the AME David Barr Award for excellence in mineral exploration health and safety on November 19, 2025. The award recognizes KSM's collaborative health-and-safety program in British Columbia's Golden Triangle and its role in regional emergency preparedness.

KSM launched the Golden Triangle Emergency Response Coordination Meeting in fall 2023, a monthly forum uniting emergency response and safety professionals across multiple projects. The AME Awards Gala will be held on January 28, 2026 at Vancouver Convention Centre West.

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FAQ

What is the current stock price of Seabridge Gold (SA)?

Seabridge Gold (SA) last closed at $24.82.

What is the market cap of Seabridge Gold (SA)?

The market cap of Seabridge Gold (SA) is approximately $2.7B.