Seabridge Gold Inc

Seabridge Gold Inc

37.30
CAD
+1.26
(+3.50%)
0.33EPS
121.89P/E
4.35BMarket Cap
Nov 16Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Basic EPS, GAAP
-0.3
-0.27
-0.18
-0.14
-0.18
-0.34
-0.19
-0.23
0.01
-0.09
-0.35
-0.35
-0.53
0.33
Free Cash Flow per Basic Share
-0.88
-0.74
-0.52
-0.55
-0.57
-0.79
-0.61
-2.54
-1.12
-2.39
-3.03
-1.36
-1.51
-0.7
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
5.39
5.36
5.41
5.73
6.17
6.31
6.53
8.29
8.89
9.1
8.48
9.17
10.56
10.27
Tangible Book Value per Share
5.39
5.36
5.41
5.73
6.17
6.31
6.53
8.29
8.89
9.1
8.48
9.17
10.56
10.27
Basic Weighted Avg Shares
46
48
50
53
56
59
62
66
76
80
83
89
101
105
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
-14
-13
-9
-7
-10
-20
-12
-15
1
-7
-29
-31
-53
35
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
83.8
946
- -
- -
- -
32.03
Profit Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
25
12
18
7
14
18
13
36
37
88
55
38
173
54
LT Debt
- -
- -
- -
- -
- -
- -
- -
- -
- -
265
575
564
600
562
Total Equity
254
260
282
311
356
387
415
615
702
741
730
843
1,125
1,107
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
0.08
23.46
- -
- -
- -
5.11
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
0.14
-4.3
- -
- -
- -
2.24
Return on Common Equity (%)
-5.43
-5.07
-3.35
-2.46
-3.08
-5.37
-2.9
-2.9
0.14
-1.02
-3.98
-3.97
-5.4
3.27

Capital Structure

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
1
1
LT Borrowings
599
557
561
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
107
108
108
Market Capitalization
4,448
4,193
4,345

Working Capital

CAD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
214
231
103
Cash, Cash Equivalents & STI
126
145
95
Accounts Receivable, Net
- -
- -
8
Inventories
- -
- -
- -
Total Current Liabilities
41
34
50
Payables & Accruals
18
13
47
ST Debt
- -
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

CAD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
15.6%
13.44%
33.45%
Free Cash Flow
47.2%
16.14%
26.5%
Net Income, GAAP
-55.71%
-131.88%
70.17%
Sales/Revenue/Turnover
- -
- -
- -
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.09
0.51
-0.31
-0.45
-0.35
2025
0.11
0.12
-0.32
-0.42
-0.53
2026
-0.06
1.09
- -
- -
- -

Quarterly Dividends Per Share

CAD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Rudi P. Fronk
Full Time Employees
50
Sector
Non-energy minerals
Industry
Precious metals
Address
106 Front Street East Toronto ON Canada M5A 1E1
IPO Date
Jan 2, 1996
Business
Seabridge Gold Inc. is a Canadian-based mineral exploration and development company primarily engaged in the acquisition, exploration, engineering, and permitting of gold, copper, silver, and molybdenum properties in North America. Its core portfolio includes the 100%-owned KSM (Kerr-Sulphurets-Mitchell) project and the Iskut project located in the Golden Triangle of northwest British Columbia, the Courageous Lake project in the Northwest Territories, the Snowstorm project in Northern Nevada, and the 3 Aces project in Yukon. Seabridge Gold focuses on advancing world-class, large-scale gold-copper deposits through exploration and technical studies, highlighting gold and base metal resource expansions and engineering feasibility to prepare projects for potential joint ventures or sale to mining operators. Founded in 1979 and headquartered in Toronto, Canada, Seabridge Gold has strategically built its portfolio with substantial reserves, including 47.3 million ounces of gold, 7.3 billion pounds of copper, and 160 million ounces of silver in proven and probable reserves at its flagship KSM project, which is poised for a 33-year open-pit mine life with average annual production of about 1 million ounces of gold and significant base metals. The company recently completed an updated Preliminary Feasibility Study for KSM, projecting an after-tax net present value of US$7.9 billion and a total life-of-mine cost of US$601 per ounce of gold after base metal credits, positioning KSM among the lowest-cost undeveloped gold mines globally. Recent major company developments include securing "substantially started" status for the KSM project in July 2024, marking a significant de-risking milestone, and actively pursuing joint venture partnerships with major mining companies to advance the project towards production. Seabridge has engaged RBC Capital Markets to facilitate joint venture discussions, leveraging an innovative two-phase JV model where partners initially fund a bankable feasibility study to earn minority interests with options to increase to majority stakes by funding construction. Additionally, the company continues drilling and exploration programs at projects such as Iskut’s Snip North target, aiming to expand gold-copper resources, and has sustained a disciplined capital strategy with insider ownership representing more than 20%, reflecting management's alignment with shareholders. Seabridge Gold operates with a risk-reduction business model: acquiring high-potential North American mineral deposits, expanding resources through exploration, converting them to reserves by engineering work, and partnering or divesting assets for development and operation. Its geographic operations span politically stable and mining-friendly jurisdictions across Canada and the United States, targeting institutional investors, joint venture partners, and mining producers with large-scale, high-quality mineral assets. The company is recognized for its environmental stewardship and community engagement protocols, aligning project development with sustainability and regulatory compliance. Overall, Seabridge Gold is positioned as a premier gold exploration and development company specializing in significant gold-copper projects with considerable resource bases, advanced engineering studies, and ongoing strategic efforts to advance its flagship KSM project to production through joint ventures while maintaining robust exploration programs across its North American portfolio.

Company News

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  • Seabridge Gold To Explore Wyoming for Gold and Critical Minerals

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  • Seabridge Gold Flags KSM JV Progress, 72-Year Mine Potential at Denver Gold Forum

  • Substantially Started Designation Review on Seabridge Gold's KSM Project Being Progressed by BC's EAO Office

  • Seabridge Gold Announces Successful Energization of KSM Project's Treaty Creek Terminal

  • Seabridge Gold falls -7.1%

  • Seabridge Gold Reports Gitxsan Government Has Called for Meaningful Consultation and Collaboration with Tsetsaut Skii km La Hax

  • Stonegate Capital Partners Updates Coverage on Seabridge Gold Inc. (SA) 2Q26

  • Seabridge Gold: Fairly Valued Now But Big Upside

  • Alberta Investment Management Corp Invests $592,000 in Seabridge Gold, Inc. $SA

  • Seabridge Gold Files Second Quarter 2026 Report to Shareholders and Its Financial Statements and MD&A

  • Seabridge Gold Arranges US$100M Credit Facility to Support Ongoing Activities at KSM

  • Seabridge Gold Reports on Results of Annual Meeting of Shareholders

  • Seabridge Gold: Big Asset, Big Discount, Big Risk

  • BC Supreme Court Decides Seabridge Gold's KSM Substantially Started Determination Reasonable

  • Seabridge Gold Files 2025 Sustainability Report

  • Seabridge Gold Announces Closing of Spin-Out of Valor Gold Corp.

  • Seabridge Gold Awarded Resource and Mining Excellence Award by Smithers District Chamber of Commerce