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.
Seabridge Gold (NYSE: SA) reported the outcomes of its annual general meeting held on June 27, 2024. A total of 47,422,561 common shares were represented, accounting for 54.10% of the issued and outstanding shares. Key approvals included the election of all management's nominees to the board, the appointment of KPMG LLP as auditor, the approval of the Amended Restricted Share Unit & Deferred Share Unit Plan, and the advisory vote on executive compensation. Specific approvals saw high support, with director votes ranging from 94.5% to 99.1% and other measures receiving over 95% affirmative votes. The company holds significant interests in North American gold projects, notably in British Columbia's Golden Triangle and Northern Nevada's Getchell Gold Belt.
Seabridge Gold reported its first mineral resource estimate (MRE) for the Bronson Slope deposit at its Iskut project in British Columbia's Golden Triangle. The MRE, led by Wood Canada and supported by Moose Mountain Technical Services and Tetra Tech Canada, integrates data from 114 diamond drill holes. The inferred resource includes 517 million tonnes grading 0.33 g/t gold, 0.09% copper, and 2.7 g/t silver, translating to 5.4 million ounces of gold, 1,057 million pounds of copper, and 45 million ounces of silver. The resource estimate uses a cut-off value of $10 NSR per tonne and assumes favorable metal prices and recoveries. Seabridge plans to use this resource as part of its broader strategy to target a Cu-Au porphyry system at Bronson Slope. CEO Rudi Fronk highlighted the potential role of this resource in advancing their exploration goals. The findings have been verified by Henry Kim, P.Geo., of Wood Canada.
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.
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