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Seabridge Gold Files Third Quarter Report to Shareholders and its Financial Statements and MD&A
Toronto, Ontario--(Newsfile Corp. - November 10, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) ...
About this update from Seabridge Gold Inc
[{"type":"text","content":"Seabridge Gold Files Third Quarter Report to Shareholders and its Financial Statements and MD&AToronto, Ontario--(Newsfile Corp. - November 10, 2021) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Report to Shareholders, Interim Financial Statements and Management's Discussion and Analysis for the three and nine months ended September 30, 2021 on SEDAR (www.sedar.com). To view the Report on the Company's website, please see: https://www.seabridgegold.com/investors/financial-reports.Recent Highlights Completed field activities at KSM to incorporate Snowfield deposit into new 2022 PFSContinuation of early KSM site capture activitiesKey additions made to senior management teamDrilling continues at SnowstormDrilling at Iskut continues to point towards potential large gold-copper porphyry systemMaiden exploration program at 3 Aces identifies drill targetsCovid-19 SafetyThe Company planned and executed its exploration and development work at KSM, Iskut, Snowstorm and 3 Aces projects under the same successful COVID-19 protocols it implemented in 2020. Management effectively operated its camps within the safety and testing protocols it implemented to ensure the safety of personnel, contractors, communities and First Nations. These protocols reduced the work that could be accomplished but provided a safe environment for our personnel.Financial ResultsDuring the three-month period ended September 30, 2021 Seabridge posted a net loss of $0.8 million ($0.01 per share) compared to a net earnings of $5.0 million ($0.07 per share) for the same period last year. During the 3rd quarter, Seabridge invested $25.6 million in mineral interests, compared to $12.0 million during the same period last year. At September 30, 2021, net working capital was $41.6 million compared to $36.0 million at December 31, 2020. Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company's principal assets are the KSM and Iskut properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of Seabridge's mineral reserves and resources by project and category please visit the Company's website at http://www.seabridgegold.com.None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Service...