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.
Santander Bank's digital platform, Openbank, has surpassed 100,000 customers in its first six months of U.S. operations, marking a significant milestone. The achievement aligns with Santander's 2025 strategy to generate lower-cost, national deposits and strengthen its Auto lending franchise.
The bank's growth strategy focuses on two pillars: expanding Openbank's offerings beyond High Yield Savings to include CDs, Payments, and Checking Accounts, while enhancing their branch network with new formats and locations. Recent research shows potential for further growth, as 69% of Americans don't have a higher-yielding savings account, though 20% have recently moved funds to higher-rate accounts.
Seabridge Gold (NYSE: SA) reported strong Q1 2025 financial results, posting net earnings of $10.6 million ($0.11 per share), compared to a net loss of $8.2 million in Q1 2024. The company secured US$100 million in new financing, including US$20 million from a strategic investor. Working capital significantly improved to $148.7 million, up from $37.8 million in December 2024.
The company invested $14.3 million in mineral interests during Q1 2025, down from $39.3 million in Q1 2024. Seabridge's portfolio includes 100% interests in several North American gold projects, including KSM and Iskut in British Columbia's Golden Triangle, Courageous Lake in Northwest Territories, Snowstorm in Nevada, and 3 Aces in Yukon Territory. The company noted that gold prices reached an all-time high of US$3,500 per ounce.
Seabridge Gold (NYSE: SA) announced that the British Columbia Government has filed responses in BC Supreme Court defending its Environmental Assessment Office's (EAO) decision to grant a Substantially Started (SS) Designation to the KSM project. The SS designation, issued on July 29, 2024, ensures the project's Environmental Assessment Certificate won't expire.
The BC Government's response outlines the consultation meetings, communications, and procedural fairness measures taken with petitioners challenging the SS determination. The court hearing is scheduled for September 22-29, 2025. CEO Rudi Fronk expressed confidence in the EAO's decision-making process, and confirmed the SS Designation remains in effect while legal proceedings continue.
Seabridge Gold (NYSE: SA) has won a significant legal victory as the British Columbia Supreme Court (BCSC) has largely approved its appeal against the Canada Revenue Agency's (CRA) decision to disallow $15.8 million in exploration expenditures under the BC Mining Exploration Tax Credit program.
The court ruled that expenses determining economic viability of mineral resources qualify under the program, validating most of Seabridge's claims except report compilation expenses. This decision affects approximately $3.1 million in refunds plus interest.
The ruling also has implications for a separate case involving $19.1 million in renounced expenditures from flow-through share financings (2013-2015), where Seabridge has deposited $9.4 million with CRA on behalf of investors. The company expects the court's reasoning to help resolve this second matter favorably.
Seabridge Gold (NYSE: SA) has filed its 2024 annual reports, revealing a net loss of $31.2 million ($0.35 per share) compared to $29.3 million in 2023. The company's investment in mineral interests decreased to $106.3 million from $230.2 million year-over-year, while net working capital declined to $37.8 million from $54.5 million.
Key 2024 achievements include obtaining the Substantially Started Determination from BC government, discovering significant gold and copper mineralization at the Iskut project, and engaging with global miners for KSM partnership. In February 2025, Seabridge completed two equity financings totaling $142.5 million, comprising a bought-deal offering and a strategic investor private placement at $12.25 per share.
The proceeds will fund BC Hydro switching station payments, KSM feasibility study preparation, and ongoing project activities. Seabridge's portfolio includes the KSM and Iskut projects in BC's Golden Triangle, Courageous Lake in Northwest Territories, Snowstorm in Nevada, and 3 Aces in Yukon.
Seabridge Gold (TSX: SEA) (NYSE: SA) has announced its corporate objectives for 2025, continuing its two-decade-long tradition of setting and publishing annual goals. The company uses these objectives as a performance measurement tool, directly impacting senior management's 'at-risk' compensation and employee bonus considerations.
The Board has established sixteen objectives for 2025, though specific details of these objectives were not disclosed in the announcement. This practice aligns with Seabridge's commitment to transparency and accountability, as demonstrated by their annual 'report card' system.
Seabridge Gold (NYSE: SA) has announced its annual corporate performance review for 2024, maintaining its 20+ year tradition of setting and reporting on yearly objectives. The company established fifteen specific objectives in April 2024 and has now released its '2024 Report Card' evaluating these goals.
The company's portfolio includes several key North American gold projects, with its flagship KSM project and Iskut project located in British Columbia's 'Golden Triangle'. Additional assets include the Courageous Lake project in Northwest Territories, the Snowstorm project in Nevada's Getchell Gold Belt, and the 3 Aces project in Yukon Territory.
Seabridge Gold (NYSE: SA) has successfully closed two financing deals totaling US$100 million. The first is a bought deal offering of 6,540,000 common shares at US$12.25 per share, raising US$80 million. The second is a private placement with a strategic investor for 1,640,000 common shares, generating US$20 million.
The proceeds will fund: (1) payments to BC Hydro for the KSM switching station completion; (2) collection of remaining field data and early value engineering for a KSM bankable feasibility study; (3) ongoing activities at the 100%-owned KSM gold-copper project in British Columbia; and (4) general corporate purposes.
According to CEO Rudi Fronk, this financing ensures continued momentum at KSM while engaging with potential joint-venture partners. The funding will help maintain priority status with BC Hydro for low-cost green energy, which enhances KSM's economic robustness.
Etruscus Resources (ETRUF) announced significant results from its 2024 IP survey at the Rock & Roll Property in British Columbia's Golden Triangle. The survey revealed an expanded Zappa anomaly, doubling from 300m to 700m eastward beneath the Twin Glacier. The chargeability anomaly measures 300m in width by 700m in length, extending 400m deep.
The target shows extensive QSP alteration with silica flooding and 2-10% disseminated pyrite, suggesting proximity to an intrusion. The location near the 'Red Line' Triassic-Jurassic unconformity indicates favorable early Jurassic age intrusions. Recent regional discoveries by Seabridge Gold (3km away) and Skeena Resources validate the area's potential, with Seabridge reporting 303m of 0.75 g/t Au and 0.10% Cu.
The company is planning a drill program for 2025 to test this expanded target.