Seabridge Gold Announces Financial Results and Strategic Plans for 2025
Seabridge Gold Reports Financial Results for 2024, Plans for 2025
Toronto, Ontario– Seabridge Gold (TSX: SEA) (NYSE: SA) has announced its financial results for the year ended December 31, 2024, revealing a net loss of $31.2 million compared to $29.3 million in the previous year. Despite the loss, Chairman and CEO Rudi Fronk highlighted important accomplishments in 2024, including key developments in the company’s projects.
One significant milestone was the Substantially Started Determination from the BC government, along with the discovery of a large system of gold and copper mineralization on the Iskut project. Seabridge also engaged with leading global miners on the KSM partnership opportunity, with plans to secure a partner in 2025 to advance the project to a production decision.
To strengthen its balance sheet, Seabridge completed two equity financings in February 2025, raising gross proceeds of $142.5 million. These funds will be used for various purposes, including completing the KSM switching station, collecting field data for a bankable feasibility study, and funding ongoing activities at the KSM gold-copper project in British Columbia.
Seabridge holds a 100% interest in several North American gold projects, with principal assets in British Columbia’s “Golden Triangle.” The company’s mineral reserves and resources can be found on its website.
For further information, interested parties can contact Rudi P. Fronk, Chairman and CEO, at (416) 367-9292 or via email at [email protected].
Neither the Toronto Stock Exchange nor the New York Stock Exchange accepts responsibility for the accuracy of this release.
For the full press release, visit https://www.newsfilecorp.com/release/246415.
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