Seabridge Gold Files First Quarter Financial Statements and MD&A
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) ha annunciato solidi risultati finanziari per il primo trimestre del 2025, registrando un utile netto di 10,6 milioni di dollari (0,11 dollari per azione), rispetto a una perdita netta di 8,2 milioni di dollari nel primo trimestre del 2024. La società ha ottenuto un nuovo finanziamento di 100 milioni di dollari, di cui 20 milioni da un investitore strategico. Il capitale circolante è migliorato significativamente, raggiungendo 148,7 milioni di dollari, rispetto ai 37,8 milioni di dicembre 2024.
Durante il primo trimestre del 2025, la società ha investito 14,3 milioni di dollari in interessi minerari, in calo rispetto ai 39,3 milioni del primo trimestre del 2024. Il portafoglio di Seabridge comprende partecipazioni al 100% in diversi progetti auriferi nordamericani, tra cui KSM e Iskut nel Triangolo d’Oro della British Columbia, Courageous Lake nei Territori del Nord-Ovest, Snowstorm in Nevada e 3 Aces nel Territorio dello Yukon. La società ha inoltre evidenziato che il prezzo dell’oro ha raggiunto un massimo storico di 3.500 dollari per oncia.
Seabridge Gold (NYSE: SA) reportó sólidos resultados financieros en el primer trimestre de 2025, registrando ganancias netas de 10,6 millones de dólares (0,11 dólares por acción), en comparación con una pérdida neta de 8,2 millones en el primer trimestre de 2024. La compañía aseguró 100 millones de dólares en nuevo financiamiento, incluyendo 20 millones de un inversor estratégico. El capital de trabajo mejoró significativamente hasta 148,7 millones de dólares, frente a los 37,8 millones en diciembre de 2024.
Durante el primer trimestre de 2025, la empresa invirtió 14,3 millones de dólares en intereses minerales, una disminución respecto a los 39,3 millones del primer trimestre de 2024. El portafolio de Seabridge incluye participaciones del 100% en varios proyectos de oro en Norteamérica, como KSM e Iskut en el Triángulo de Oro de Columbia Británica, Courageous Lake en los Territorios del Noroeste, Snowstorm en Nevada y 3 Aces en el Territorio de Yukon. La compañía destacó que los precios del oro alcanzaron un máximo histórico de 3.500 dólares por onza.
Seabridge Gold (NYSE: SA)는 2025년 1분기 강력한 재무 실적을 발표하며, 순이익 1,060만 달러(주당 0.11달러)를 기록했습니다. 이는 2024년 1분기의 820만 달러 순손실과 비교됩니다. 회사는 전략적 투자자로부터 2,000만 달러를 포함하여 1억 달러의 신규 자금 조달을 확보했습니다. 운전자본은 2024년 12월 3,780만 달러에서 크게 개선되어 1억4,870만 달러에 달했습니다.
회사는 2025년 1분기에 광물 권리에 1,430만 달러를 투자했으며, 이는 2024년 1분기의 3,930만 달러에서 감소한 수치입니다. Seabridge의 포트폴리오에는 브리티시컬럼비아 골든 트라이앵글의 KSM과 Iskut, 노스웨스트 준주의 Courageous Lake, 네바다의 Snowstorm, 유콘 준주의 3 Aces 등 여러 북미 금 프로젝트에 대한 100% 지분이 포함되어 있습니다. 회사는 금 가격이 온스당 3,500달러의 사상 최고치를 기록했다고 밝혔습니다.
Seabridge Gold (NYSE : SA) a publié de solides résultats financiers pour le premier trimestre 2025, affichant un bénéfice net de 10,6 millions de dollars (0,11 dollar par action), contre une perte nette de 8,2 millions au premier trimestre 2024. La société a obtenu un nouveau financement de 100 millions de dollars, dont 20 millions provenant d'un investisseur stratégique. Le fonds de roulement s'est nettement amélioré pour atteindre 148,7 millions de dollars, contre 37,8 millions en décembre 2024.
Au cours du premier trimestre 2025, la société a investi 14,3 millions de dollars dans des intérêts miniers, en baisse par rapport à 39,3 millions au premier trimestre 2024. Le portefeuille de Seabridge comprend des participations à 100 % dans plusieurs projets aurifères nord-américains, notamment KSM et Iskut dans le Golden Triangle de la Colombie-Britannique, Courageous Lake dans les Territoires du Nord-Ouest, Snowstorm au Nevada et 3 Aces dans le territoire du Yukon. La société a souligné que les prix de l'or ont atteint un sommet historique de 3 500 dollars l'once.
Seabridge Gold (NYSE: SA) meldete starke Finanzergebnisse für das erste Quartal 2025 und erzielte einen Nettoertrag von 10,6 Millionen US-Dollar (0,11 US-Dollar pro Aktie), verglichen mit einem Nettoverlust von 8,2 Millionen US-Dollar im ersten Quartal 2024. Das Unternehmen sicherte sich eine neue Finanzierung in Höhe von 100 Millionen US-Dollar, darunter 20 Millionen US-Dollar von einem strategischen Investor. Das Working Capital verbesserte sich deutlich auf 148,7 Millionen US-Dollar, nach 37,8 Millionen US-Dollar im Dezember 2024.
Im ersten Quartal 2025 investierte das Unternehmen 14,3 Millionen US-Dollar in Mineralrechte, deutlich weniger als die 39,3 Millionen US-Dollar im ersten Quartal 2024. Das Portfolio von Seabridge umfasst 100% Beteiligungen an mehreren nordamerikanischen Goldprojekten, darunter KSM und Iskut im Golden Triangle von British Columbia, Courageous Lake in den Nordwest-Territorien, Snowstorm in Nevada und 3 Aces im Yukon-Territorium. Das Unternehmen stellte fest, dass die Goldpreise mit 3.500 US-Dollar pro Unze einen Rekordwert erreichten.
- Net earnings of $10.6 million in Q1 2025, compared to $8.2 million loss in Q1 2024
- Secured US$100 million in new financing, including US$20 million from strategic investor
- Working capital increased significantly to $148.7 million from $37.8 million
- Gold price reaching all-time high of US$3,500 per ounce benefits company's gold assets
- Fully funded exploration programs for multiple projects
- Reduced investment in mineral interests ($14.3M vs $39.3M in Q1 2024)
- Legal challenges to KSM's substantially started designation requiring government response
Insights
Seabridge posts strong Q1 with $10.6M profit, secures $100M financing, and enjoys massive 293% working capital increase amid record gold prices.
Seabridge Gold's Q1 2025 financials reveal a remarkable turnaround with net earnings of $10.6 million ($0.11 per share) compared to a loss of $8.2 million in Q1 2024. The company's strategic pivot is evident in both operational and financial metrics.
The headline achievement is securing $100 million in new financing, including $20 million from a strategic investor - a significant vote of confidence in Seabridge's project portfolio. This capital injection has dramatically strengthened the balance sheet, with working capital surging 293% from $37.8 million to $148.7 million quarter-over-quarter.
Notably, Seabridge has reduced its capital expenditure on mineral interests, property, and equipment to $14.3 million in Q1 2025, down substantially from $39.3 million in the same period last year. This 63.6% reduction in capital spending while simultaneously improving profitability suggests enhanced operational efficiency.
The backdrop of gold reaching an all-time high of $3,500 per ounce creates an exceptionally favorable environment for Seabridge's development-stage portfolio. With the company's 100% ownership in multiple North American gold projects, particularly the flagship KSM project in British Columbia's Golden Triangle, Seabridge is well-positioned to leverage this pricing environment.
The BC Government's response to challenges against KSM's "substantially started" designation represents a potential de-risking of the regulatory pathway. Meanwhile, fully funded exploration programs at Iskut and 3 Aces indicate management's confidence in expanding resource potential while advancing KSM development simultaneously.
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Interim Financial Statements and Management's Discussion and Analysis for the three-month period ended March 31, 2025 on SEDAR+ (https://www.sedarplus.ca). These statements are also available on Seabridge's website at https://www.seabridgegold.com/investors/financial-reports.
Seabridge's Q1 2025 Report to Shareholders can be found here.
Recent Highlights
- Secures US
$100 million in new financings including US$20 million from a strategic investor - 2025 field programs underway at KSM
- Issues 2024 report card and 2025 corporate objectives
- BC Government files responses to petitions challenging KSM's substantially started designation
- Fully funded exploration programs planned at Iskut and 3 Aces
- Gold price hits all-time high at US
$3,500 per ounce
Financial Results
During the first quarter of 2025, Seabridge posted net earnings of
Seabridge holds a
None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman and C.E.O.
For further information please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: info@seabridgegold.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252040
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