Seabridge Gold Files Second Quarter 2015 Report to Shareholders and its Financial Statements and MD&A

About this update from Seabridge Gold Inc

[{"type":"text","content":"\n\nTrading Symbols:TSX: SEANYSE: SA\n\n\n\nTORONTO, Aug. 13, 2015 /CNW/ - Seabridge Gold reported today that it has filed its Report to Shareholders, Financial Statements and Management's Discussion and Analysis for the three and six month periods ended June 30, 2015 on SEDAR (www.sedar.com). \n\nQuarterly and Recent Highlights \n\n\n$16.4 million flow-through financing completed at 27% premium to market \n2015 drill program underway at KSM \nDepth extension confirmed at Mitchell deposit \nPilot plant successfully treats selenium in KSM water\n\nDuring the three month period ended June 30, 2015 Seabridge posted a net loss of $1.6 million ($0.03 per share) compared to a loss of $3.8 million ($0.08 per share) for the same period last year. During the 2nd quarter, Seabridge invested $5.2 million in mineral interests, primarily at KSM, compared to $6.3 million during the same period last year. At June 30, 2015, net working capital was $17.1 million compared to $12.5 million at December 31, 2014.\n\nTo view the Report to Shareholders, financial statements and management's discussion and analysis for the three and nine months ended June 30, 2015 on the Company's website, please see: www.seabridgegold.net/sharefinrep.php.\n\nThe Company's principal assets are the 100% owned KSM property located near Stewart, British Columbia, Canada and the 100% owned Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of Seabridge's mineral resources by project and resource category please visit the Company's website at www.seabridgegold.net/resources.php.\n\nAll resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability. \n\nStatements relating to the estimated or expected future production and operating results and costs and financial condition of Seabridge, planned work at the Corporation's projects and the expected results of such work are forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statement...

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