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Seabridge Gold Files 2025 Annual Information Form, Year End Audited Financial Statements and MD&A
Toronto, Ontario--(Newsfile Corp. - March 26, 2026) - Seabridge Gold (TSX: SEA) (NYSE: SA) has fi...
About this update from Seabridge Gold Inc
[{"type":"text","content":"Seabridge Gold Files 2025 Annual Information Form, Year End Audited Financial Statements and MD&AToronto, Ontario--(Newsfile Corp. - March 26, 2026) - Seabridge Gold (TSX: SEA) (NYSE: SA) has filed its Annual Information Form, Audited Consolidated Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2025 on SEDAR+ (https://www.sedarplus.ca/home/). These documents are also available on the Company's website at https://www.seabridgegold.com/investors/financial-reports. Seabridge's Form 40-F will be filed shortly with the SEC on EDGAR (www.sec.gov/). The Company's Shareholders may, upon written request, receive a hard copy of the Company's complete 2025 audited consolidated financial statements free of charge. During the year ended December 31, 2025, Seabridge posted a net loss of $53.2 million ($0.53 per share) compared to a net loss of $31.2 million ($0.35 per share) for the previous 12-month period. During 2025, Seabridge invested $137.0 million in mineral interests, property and equipment compared to $106.3 million in 2024. Excluding assets and liabilities held for distribution related to the spin-out of our Courageous Lake Project, at December 31, 2025, net working capital was $109.8 million compared to $44.8 million (excluding $6.9 million Flow-Through share premium) at December 31, 2024. The reported net loss for 2025 was mostly due to a non-cash $60.1 million loss associated with the remeasurement of the Secured Note liabilities that are denominated in U.S. dollars and structured to be exchanged into royalties at KSM upon commercial production. Under IFRS, remeasurement of the Secured Note liabilities, result in changes in the fair value at each reporting date, due to changes in input variables such as market interest rates and metal prices. However, these changes in fair value are unrealized. The Secured Notes will either be put back to the Company at the prescribed amount under the rights of the noteholders, or they will be exchanged for the prescribed royalties at maturity. For details on the accounting for the secured notes please see Note 12 to the 2025 Audited Financial Statements.Chair and CEO Rudi Fronk commented: \"2025 was a year of important accomplishments. The BC Hydro switching station, a critical piece of infrastructure, was advanced towards completion. This asset keep...