Seabridge Gold

Seabridge Gold Inc. engages in the acquisition, exploration, engineering and permitting of gold and copper properties in North America. Its principal asset, the KSM project, and its Bronson Corridor project are located in northwest British Columbia, Canada’s “Golden Triangle”.  Its Snowstorm project is in the Getchell Gold Belt of Norther Nevada and the 3 Aces project located is in the Yukon Territory, Canada.

An updated Preliminary Feasibility Study (“PFS”) on KSM estimates proven and probable reserves totaling 47.3 million ounces of gold, 7.3 billion pounds of copper and 160 million ounces of silver. At current metal prices, the study projects a 33 year, open-pit only mine life, generating an after-tax net present value (at 5%) in excess of  US$30 billion and a life of mine total cost (including all capital, reclamation and closure costs) below US$500 per ounce of gold produced after base metal credits. Over the 33-year mine life, average annual metal production is estimated at 1.0 million ounces of gold, 178 million pounds of copper and 3.0 million ounces of silver. 

For over 25 years Seabridge has focused on generating optionality and leverage to the gold price for its shareholders by growing ounces in the ground faster than shares outstanding. Since 2003, Seabridge’s ounces of gold resources have grown by 1,260% while shares outstanding have only grown by 290%. This self-imposed discipline has resulted in Seabridge’s common shares significantly outperforming the gold price and other gold equities over the long term.