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Seabridge Gold Files KSM Project Technical Report
Toronto, Ontario--(Newsfile Corp. - May 7, 2020) - Seabridge Gold (TSX: SEA) (NYSE: SA) announ...
About this update from Seabridge Gold Inc
[{"type":"text","content":"Seabridge Gold Files KSM Project Technical ReportReport Confirms Dramatic Improvement in Economic Potential With Larger Scale and Earlier Development of Iron Cap DepositToronto, Ontario--(Newsfile Corp. - May 7, 2020) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed a NI-43-101 technical report at www.sedar.com for its 100%-owned KSM project located in northern British Columbia, Canada entitled \"KSM (Kerr-Sulphurets-Mitchell) Prefeasibility Study and Preliminary Economic Assessment Update, NI 43-101 Technical Report\" with an effective date of April 30, 2020 (the \"Technical Report\"). The Technical Report contains the Preliminary Economic Assessment (the \"2020 PEA\") confirming the potential for a dramatic improvement in project economics by incorporating the recently expanded, higher grade Iron Cap deposit into mine plans. The Technical Report also includes the current Preliminary Feasibility Study which remains in effect. Results of the new study were announced on April 27, 2020 (see the Company's news release and addendum filed on SEDAR on April 27, 2020).2020 PEA HighlightsAfter Tax NPV at a 5% discount rate of US$6.0 billion using Base Case three-year average price assumptions of US$1,340/oz gold, US$2.80/lb copper and foreign exchange rate of US$0.76 per C$1.00:44 year mine production plan capturing 19.6 million ounces of gold and 5.4 billion pounds of copper from the measured and indicated categories plus an additional 20.8 million ounces of gold and 13.8 billion pounds of copper from the inferred category:Life of mine recovered production of 27.6 million ounces gold and 17.0 billion pounds copper:170,000 tonne per day processing rate capturing 2.4 billion tonnes (Bt) of mill feed, or only 30% of the total mineral resource:4.0-year payback on US$5.2 billion initial capital:Average annual pre-tax Free Cash Flow of US$1.45 billion from 1.3 million oz gold and 265 million pounds copper produced per year during the initial 5 years of production:Life of mine average operating cost of negative US$472 per ounce of gold produced, net of copper and silver by-product revenues:Life of mine total cost of US$4 per ounces of gold produced, inclusive of all project capital and net of copper and silver by-product revenues;57% reduction in mine waste rock compared to the approved EA;33% reduction in greenhouse g...