Seabridge Gold Inc.

Seabridge Gold Inc. is designed to provide its shareholders with exceptional leverage to a rising gold price. From 1999 through 2002, when the gold price was lower, Seabridge acquired nine North American projects with substantial gold resources, including Courageous Lake and KSM. Subsequent exploration by Seabridge has significantly expanded its acquired gold resource base.

Seabridge considers each of its common shares to represent an indirect ownership interest in its reserves and resources. Our aim is to increase the value of this ownership interest by growing reserves and resources faster than shares outstanding. Project acquisitions, exploration and engineering programs are carefully designed and monitored to ensure that equity dilution required to fund these activities is more than offset by additional reserves and resources.

Seabridge is pursuing three value-enhancing strategies. First, the Company continues to search for gold projects in North America which would be accretive in terms of gold resources. Second, Seabridge funds exploration and engineering work considered likely to expand resources and upgrade them to reserves. Third, Seabridge sells or partners its projects when they reach the production stage, to limit risk and share dilution.

Expert Comments:

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David Talbot, Red Cloud Securities

"Seabridge Gold Inc. updated its prefeasibility study for its 100%-owned KSM project. . .improvements in mine design from an open pit operation and removal of capital intensive, block cave development have reduced the environmental footprint, waste rock and increased mill throughput by 50%. . .it incorporates a well thought out strategy and has been issued with the goal of helping attract a larger senior producer to develop the project."

Mike Kozak, Cantor Fitzgerald

"The prefeasibility study (PFS) results Seabridge Gold Inc. released this morning were in line with our estimates but show a considerable improvement over the company's 2016 PFS. . .the 'cleaner' and far simpler open-pit only mine plan, in our view, makes the KSM project far more attractive to potential large-tier partners."

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Chris Temple, The National Investor

"We have a Buy recommendation on Seabridge Gold Inc."

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Jim Marrone, SingularResearch

"Seabridge Gold Inc.'s recently updated mineral resource estimates for its Mitchell and East Mitchell (formerly Snowfield) deposits are expected to have a significant positive impact on project economics at KSM. . .these resource estimates will be used in an updated KSM preliminary feasibility study expected in June 2022 that will, for the first time, incorporate the East Mitchell deposit into KSM's mine plans."

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Peter Krauth, Gold Resource Investor

"Seabridge Gold Inc. updated its resource estimates for Mitchell and East Mitchell deposits, including 2021 drilling. These will be used in an updated KSM preliminary feasibility study expected in June. . .the company has been climbing along with the sector, and still looks attractive to accumulate on weakness."

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David Talbot, Red Cloud Securities

"Seabridge Gold Inc. increased Measured and Indicated resources at its Mitchell and East Mitchell (formerly Snowfield) deposits by 16% for gold, 35% for copper, 26% for silver and 22% for molybdenum. We view this update positively as we see this resource update leading to a likely increase in Proven and Probable reserves, better grades early in the mine life and a deferral of the capital-intensive underground block cave development at KSM."

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Seabridge Gold recently announced drill results from nine holes at its KSM property in British Columbia. ROTH Capital Partners noted in a research note that the company intends to complete a new PFS for the project that could prove to be a strong future catalyst for the company. ROTH Capital Partners currently has a "Buy" rating and US$27 price target for Seabridge Gold.
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More Expert Comments

Experts Following This Company

Dalton Baretto, Analyst – Canaccord Genuity
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Gary Baschuk, Managing Director, Mining & Senior Geologist – PearTree Securities
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John Doody, Analyst – Gold Stock Analyst
Mike Kozak, Analyst – Cantor Fitzgerald
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Peter Krauth, Pres – Gold Resource Investor
Don Maclean, Senior Analyst – Paradigm Capital
Jim Marrone, Analyst – SingularResearch
Clive Maund –
Lucas N. Pipes, Analyst – B. Riley Securities
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Joe Reagor, Analyst – ROTH Capital Partners
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David Talbot, Analyst – Red Cloud Securities
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Chris Temple, Editor and Publisher – The National Investor

Company News 

6/28/2022 – Seabridge Gold Completes Updated Preliminary Feasibility Study for KSM Project

6/13/2022 – Seabridge to Begin Drilling a Cluster of Gold-Copper Porphyry Targets at Iskut

5/24/2022 – Liard First Nation and Seabridge Gold Sign Contribution Agreement for the 3 Aces Project

4/19/2022 – Seabridge Gold Completes Drilling at Its Snowstorm Project in Northern Nevada

4/14/2022 – Seabridge Gold Reports Updated Mineral Resource Estimates for Mitchell and East Mitchell Deposits

The information provided above is from analysts, newsletters, the company and other contributors.

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