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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. 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 world's largest copper and silver projects. The company aims to maximize returns to shareholders by optimizing gold resources while limiting shares outstanding, and it has a strategy to acquire, expand, and advance gold assets to feasibility.

Verified company data

Cash position
in filings
Shares outstanding
107.87m
Fully diluted shares
103.84m
Mineral resource
The KSM Project is one of the world's largest undeveloped gold projects as measured by reserves and resources. An updated Preliminary Feasibility Study (PFS) estimates proven and probable reserves total 47.3 million ounces of gold and 7.3 billion pounds of copper. The KSM Mineral Reserve estimates herein were reviewed by Moose Mountain Technical Services under the supervision of Jim Gray, P.Eng., who is independent of Seabridge and a Qualified Person as defined by National Instrument 43-101, and have an effective date of May 26, 2022.
Projects
["Kerr-Sulphurets-Mitchell: One of the world’s largest undeveloped gold projects by resources (88.3M oz M&I plus 71.5M oz inferred). The property received B.C. Environmental Assessment certificate in July 2014 and federal environmental approval in December 2014. The 2022 PFS shows significantly improved economics compared to previous studies. The KSM Mineral Resource estimates herein were prepared by Wood Canada Limited under the supervision of Henry Kim, P.Geo., who is independent of Seabridge and a Qualified Person as defined by National Instrument 43-101, and have effective dates of March 31, 2022 for Mitchell and East Mitchell and December 31, 2019 for Kerr, Sulphurets and Iron Cap.","Courageous Lake: Courageous Lake, located in Canada’s Northwest Territories, is one of Canada’s largest undeveloped gold projects with a measured and indicated resource of 11.0 million oz of gold at a superior average grade of 2.36 grams per tonne gold. Seabridge acquired the project in 2000, substantially increased its resource base and designed a feasible mining project. In February 2024, our NI-43-101 Technical Report was filed for the Courageous Lake project which included the results of an updated Preliminary Feasibility Study (the “2024 PFS”) and a new Preliminary Economic Assessment (the “2024 PEA”) that evaluated a conceptual expansion of the Courageous Lake open pit beyond the 2024 PFS mine plan. Following completion of the 2024 Technical Report, Seabridge management concluded that the value of Courageous Lake was not being adequately reflected in the Seabridge share price and our shareholders were not getting the benefit of our investment in the project. In 2025, the Seabridge Board approved the plan to spin-out Courageous Lake to our shareholders. In June 2026, Seabridge completed the spin-out to its shareholders of 100% of its Courageous project to a completely independent new vehicle, Valor Gold Corp. For each share owned of Seabridge, shareholders received approximately 0.51 common shares of Valor. Shares of Valor Gold are now trading on the Toronto Stock Exchange under the symbol “VGC” and in the U.S. on the OTCQB under the symbol “VLGDF”. We are proud of what we accomplished at Courageous Lake and the substantial value that we have realized for our shareholders."]
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 and spent nearly a decade as CFO at SSR Mining.), 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, where he has designed and executed exploration programs.), 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 extensive experience in regulatory review and community engagement strategies since joining Seabridge in 2008.), C. Bruce Scott (Senior Vice President, General Counsel, and Corporate Secretary, Mr. Scott has practiced law in corporate finance and mining since 1993 and has been counsel to Seabridge Gold since 1999.), 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.), 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.), Trace J. Arlaud (Director, Corporate Governance and Nominating Committee, Technical Committee, Ms. Arlaud is the CEO of IMB Inc. with 28 years of industry experience.), Matthew Coon Come (Director, Sustainability Committee, Corporate Governance and nominating committee, Mr. Coon Come is the former Grand Chief of the Grand Counsel of the Crees and has extensive experience in aboriginal affairs.), Colin Joudrie (Director, Technical Committee, Sustainability Committee (Chair), Mr. Joudrie has over 35 years of experience in the mining and metals industry.), Clement A. Pelletier (Director, Technical Committee (Chair), Human Resources & Compensation Committee, Sustainability Committee, Mr. Pelletier is a process chemist/metallurgist with 36 years in resource-related environmental consulting.), Julie L. Robertson (Director, Audit Committee (Chair), Ms. Robertson is a Certified Public Accountant with extensive experience in finance roles in the mining industry.), John W. Sabine (Lead Director, Corporate Governance & Nominating committee, Human Resources & Compensation Committee, Mr. Sabine is a seasoned legal counsel with over 40 years of experience in mining and corporate law.), 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.), Gary A. Sugar (Director, Human Resources & Compensation Committee (Chair), Audit Committee, Mr. Sugar has extensive involvement in the investment banking industry with 32 years at RBC Capital Markets.), Carol T. Willson (Director, Corporate Governance and Nominating Committee (Chair), Audit Committee, Human Resources & Compensation Committee, Ms. Willson has over 28 years of experience in risk assurance and advisory consulting with a focus on the mining sector.)

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