OrbitonOpen research workspace →
Seabridge Gold logo

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. The company has acquired nine North American projects with substantial gold resources, including KSM, which hosts the largest publicly disclosed, undeveloped gold resource in the world with over 88 million ounces of gold. Seabridge's exploration has also defined one of the largest copper and silver projects globally. The company aims to maximize returns to shareholders by optimizing gold resources while limiting shares outstanding.

Verified company data

Cash position
in filings
Shares outstanding
107.87m
Fully diluted shares
103.84m
Mineral resource
KSM is the world’s largest undeveloped gold project by resources (88.7M oz M&I plus 71.5M oz inferred) with 19.46 billion pounds of copper resources in the M&I categories plus 38.5 billion pounds in the inferred category. KSM has received its environmental approvals in one of the globe's safest and most stable jurisdictions. The latest technical report describes a robust project that has the support of most of the nearby indigenous people and local communities: A 2022 Pre-Feasibility Study (“PFS”) captures proven and probable reserves of 47.3 million ounces of gold plus 7.3 billion pounds of copper and 160 million ounces of silver over a 33 year open pit mine life. The 2022 PFS excludes resources totaling from the Kerr and Iron Cap deposits that could be mined after the 33 year open pit mine life. The 2022 study projects an after tax net present value (at 5%) of US$7.9 billion and a life of mine total cost (including all capital, reclamation and closure costs) of US$601 per ounce of gold produced after base metal credits. Over the 33 year mine life, average annual metal production is estimated at 1.0 million ounces of gold, 178 million pounds of copper and 3.0 million ounces of silver.
Projects
["KSM: The Opportunity\nKSM is the world’s largest undeveloped gold project by resources (88.7M oz M&I plus 71.5M oz inferred) with 19.46 billion pounds of copper resources in the M&I categories plus 38.5 billion pounds in the inferred category. KSM has received its environmental approvals in one of the globe's safest and most stable jurisdictions.\nThe latest technical report describes a robust project that has the support of most of the nearby indigenous people and local communities:\n- A 2022 Pre-Feasibility Study (“PFS”) captures proven and probable reserves of 47.3 million ounces of gold plus 7.3 billion pounds of copper and 160 million ounces of silver over a 33 year open pit mine life.\n- The 2022 PFS excludes resources totaling from the Kerr and Iron Cap deposits that could be mined after the 33 year open pit mine life.\n- The 2022 study projects an after tax net present value (at 5%) of US$7.9 billion and a life of mine total cost (including all capital, reclamation and closure costs) of US$601 per ounce of gold produced after base metal credits. Over the 33 year mine life, average annual metal production is estimated at 1.0 million ounces of gold, 178 million pounds of copper and 3.0 million ounces of silver.\nThere are two important opportunities which Seabridge is now pursuing at KSM:\nFirst, to ensure that KSM’s environmental approvals remain in place for the life of the project, Seabridge secured US$375 million in funding to undertake early site construction activities towards the project receiving “Substantially Started” designation. With this designation, the existing approvals remain in place for the life of the project. In January 2024, Seabridge filed the formal application with the B.C. regulators for a “Substantially Started” designation. In July 2024, the BC government determined that KSM has been “Substantially Started”. Two petitions were later filed seeking to quash the decision to designate the KSM Project as “substantially started”. One petition claims a breach by the Province of its duties to consult and proceed fairly, and that the decision was unreasonable. A second petition was filed by two NGOs also claiming that the decision was unreasonable. Seabridge will participate in defending the decision, is confident that consultation took place and believes there is ample evidence the decision was reasonable. In the meantime, KSM's “Substantially Started” decision remains in force. It may take a year for the court decision to be released.\nSecond, we have an opportunity to unlock the extraordinary value in KSM by establishing a joint venture with a global mining company able to finance, build and operate the project responsibly. Our objective is to retain a significant portion of the working interest in a KSM joint venture while minimizing our capital contribution. We believe that the 2022 PFS, along with a Substantially Started designation, strengthens our hands in our ongoing joint venture discussions. Discussions continue with a number of large mining companies."]
Leadership
Rudi P. Fronk (Chair and Chief Executive Officer, Mr. Fronk has over 35 years of experience in the gold business, primarily as a senior officer and director of publicly traded companies. In 1999 Mr. Fronk co-founded Seabridge and has served as the Company’s CEO since that time.), Ryan C. Hoel (President and Chief Operating Officer, Mr. Hoel has more than 25 years of experience in large-scale project management, development, and operations with companies including Rio Tinto, Lundin Mining, New Gold, Arizona Mining, and South32.), Greg J. Martin (Chief Financial Officer, Mr. Martin brings over 25 years of experience in the natural resources industry. He previously served as President and CEO of Nevada Copper, where he also held the position of CFO.), William E. Threlkeld (Senior Vice President, Exploration, Mr. Threlkeld is acknowledged as one of North America's outstanding geologists with 19 years at Seabridge Gold.), Tracey D. Meintjes (Senior Vice President, Technical Services, Mr. Meintjes brings 25 years of experience in mining project development across multiple continents.), R. Brent Murphy (Senior Vice President, Environmental Affairs, Mr. Murphy has developed extensive experience in Indigenous, public and government engagement in support of resource extraction projects.), C. Bruce Scott (Senior Vice President, General Counsel, and Corporate Secretary, Mr. Scott has practiced law in corporate finance and mining since 1993.), Elizabeth F. Miller (Vice President, Environment and Social Responsibility (ESR), Mrs. Miller has been responsible for environmental and reclamation programs for Seabridge Gold for 19 years.), Melanie R. Miller (Vice President, Chief Sustainability Officer & Director, Sustainability Committee, Technical Committee, Ms. Miller has over 20 years of experience leading business and supply chain innovation.), Julie A. Rachynski (Vice President, Human Resources, Ms. Rachynski is an accomplished executive with over 25 years’ experience in human resources in the resource industry.)

Verified data last updated:

Recent filings