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Seabridge Gold

TSX:SEALive AI agent

Seabridge Gold Inc.

Investor website: https://www.seabridgegold.com/

About

Seabridge Gold Inc. is designed to provide its shareholders with exceptional leverage to a rising gold price. From 1999 through 2002, Seabridge acquired nine North American projects with substantial gold resources, including KSM. Today, KSM hosts the largest publicly disclosed, undeveloped gold resource in the world with measured and indicated gold resources totaling more than 88 million ounces. The company has also defined one of the world's largest copper and silver projects containing 19.4 billion pounds of copper and 414 million ounces of silver. Seabridge is pursuing three value-enhancing strategies: searching for accretive gold projects, funding exploration and engineering work, and selling or partnering its projects at the production stage.

Verified company data

Cash position
in filings
Shares outstanding
107.87m
Fully diluted shares
103.84m
Mineral resource
Courageous Lake is one of Canada’s largest undeveloped gold projects with a measured and indicated resource of 11.0 million oz of gold at an average grade of 2.36 grams per tonne gold. The 2024 PFS shows a considerably more sustainable and profitable mining operation than its 2012 predecessor, with reduced initial capital, lower strip ratio, higher grade and a smaller mine footprint. Notable improvements in the 2024 PFS compared to the 2012 PFS include: 73% increase in after-tax NPV5% to US$523 million from US$303 million in 2012; 50% reduction in initial capital from US$1,522 million to US$747 million; increased after-tax IRR from 7.3% to 20.6%; reduced capital payback period from 11.2 years to 2.8 years; average gold reserve grade increased 19% from 2.2 g/t to 2.6 g/t; life of mine strip ratio reduced by 39% from 12.5 to 7.58; 38% increase in estimated measured and indicated gold resources from 8.0 million to 11.0 million ounces (145.2 million tonnes at an average grade of 2.36 grams of gold per tonne). The 2024 PEA establishes the potential for a much longer mine life beyond the 2024 PFS. The PFS uses less than 30% of the estimated M&I gold resource. The PEA includes inferred resources requiring more drilling as well as additional engineering work to qualify as a PFS.
Projects
["Courageous Lake: Courageous Lake is one of Canada’s largest undeveloped gold projects with a measured and indicated resource of 11.0 million oz of gold at an average grade of 2.36 grams per tonne gold. In February 2024, a new NI-43-101 Technical Report was filed for Seabridge’s 100%-owned Courageous Lake project located in Canada’s Northwest Territories. The new Technical Report includes the results of an updated Preliminary Feasibility Study (the “2024 PFS”) and a new Preliminary Economic Assessment (the “2024 PEA”) that evaluates a conceptual expansion of the Courageous Lake open pit beyond the 2024 PFS mine plan. The 2024 PFS shows a considerably more sustainable and profitable mining operation than its 2012 predecessor, with reduced initial capital, lower strip ratio, higher grade and a smaller mine footprint. Notable improvements in the 2024 PFS compared to the 2012 PFS include: 73% increase in after-tax NPV5% to US$523 million from US$303 million in 2012; 50% reduction in initial capital from US$1,522 million to US$747 million; increased after-tax IRR from 7.3% to 20.6%; reduced capital payback period from 11.2 years to 2.8 years; average gold reserve grade increased 19% from 2.2 g/t to 2.6 g/t; life of mine strip ratio reduced by 39% from 12.5 to 7.58; 38% increase in estimated measured and indicated gold resources from 8.0 million to 11.0 million ounces (145.2 million tonnes at an average grade of 2.36 grams of gold per tonne). The 2024 PEA is a standalone mine plan that evaluates a conceptual expansion of the Courageous Lake open pit below the base of the permafrost after the 2024 PFS reserve has been completely mined out. None of the Mineral Resources used in the 2024 PEA mine plan have been used in the 2024 PFS. The 2024 PEA establishes the potential for a much longer mine life beyond the 2024 PFS. The PFS uses less than 30% of the estimated M&I gold resource. The PEA includes inferred resources requiring more drilling as well as additional engineering work to qualify as a PFS. Seabridge is confident that the PEA reflects the potential for a greatly extended mine life and that the entire estimated M&I resource represents a meaningful call on gold for our shareholders. More detail in respect of the Courageous Lake 2024 PFS and 2024 PEA is set forth in the Company’s news release of January 16, 2024 and the full Technical Report is available on the SEDAR+ website at ww.sedarplus.ca."]
Leadership
Rudi P. Fronk (Chair and Chief Executive Officer, Over 35 years of experience in the gold business, primarily as a senior officer and director of publicly traded companies. Co-founded Seabridge in 1999 and has served as CEO since then.), Ryan C. Hoel (President and Chief Operating Officer, More than 25 years of experience in large-scale project management, development, and operations with companies including Rio Tinto and Lundin Mining. Promoted to President and COO in January 2024.), Greg J. Martin (Chief Financial Officer, Over 25 years of experience in the natural resources industry, previously served as President and CEO of Nevada Copper and CFO at SSR Mining.), William E. Threlkeld (Senior Vice President, Exploration, Acknowledged as one of North America's outstanding geologists with 19 years at Seabridge, responsible for defining over 45 million ounces of gold resources.), Tracey D. Meintjes (Senior Vice President, Technical Services, 25 years of experience in mining project development across multiple continents, previously worked with Anglo American and Rio Tinto.), R. Brent Murphy (Senior Vice President, Environmental Affairs, Joined Seabridge in 2008, responsible for regulatory review and community engagement strategies.), C. Bruce Scott (Senior Vice President, General Counsel, and Corporate Secretary, Practiced law in corporate finance and mining since 1993, counsel to Seabridge since 1999.), Elizabeth F. Miller (Vice President, Environment and Social Responsibility (ESR), Responsible for environmental and reclamation programs for 19 years, holds a Master of Science and is a Registered Professional Biologist.), Melanie R. Miller (Vice President, Chief Sustainability Officer & Director, Sustainability Committee, Technical Committee, Over 20 years of experience in business and supply chain innovation for Fortune 500 organizations.), Julie A. Rachynski (Vice President, Human Resources, Over 25 years of experience in human resources in the resource industry, previously held leadership positions at Weyerhaeuser Canada and New Gold.)

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