Last C$11.81 CAD
Change Today +0.14 / 1.20%
Volume 23.4K
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seabridge gold inc (SEA) Snapshot

Open
C$11.60
Previous Close
C$11.67
Day High
C$11.93
Day Low
C$11.60
52 Week High
08/27/13 - C$18.11
52 Week Low
11/25/13 - C$7.09
Market Cap
571.6M
Average Volume 10 Days
77.4K
EPS TTM
C$-0.17
Shares Outstanding
48.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SEABRIDGE GOLD INC (SEA)

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seabridge gold inc (SEA) Details

Seabridge Gold Inc., a development stage company, together with its subsidiaries, is engaged in the acquisition and exploration of gold properties located in North America. It also explores for copper, silver, and molybdenum ores. Its principal projects include the Kerr-Sulphurets-Mitchell property, which comprises 3 claim blocks covering approximately an area of 40,455.3 hectares located in the Iskut-Stikine region of British Columbia; and the Courageous Lake gold project that consists of 62 federal mining leases, 26 federal mining claims, and 1 optioned federal mining lease having a combined area of 124,189.9 acres located in Northwest Territories, Canada. The company was formerly known as Seabridge Resources Inc. and changed its name to Seabridge Gold Inc. in June 2002. Seabridge Gold Inc. was founded in 1979 and is based in Toronto, Canada.

Founded in 1979

seabridge gold inc (SEA) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: C$500.0K
President, Chief Operating Officer and Direct...
Total Annual Compensation: C$412.0K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$250.0K
Senior Vice President of Exploration
Total Annual Compensation: C$257.5K
Senior Vice President of Technical Services
Total Annual Compensation: C$141.6K
Compensation as of Fiscal Year 2013.

seabridge gold inc (SEA) Key Developments

Seabridge Gold Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Seabridge Gold announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported loss before tax of CAD 2.560 million and loss of CAD 3.775 million or CAD 0.08 per basic and diluted share compared to loss before tax of CAD 3.378 million and loss of CAD 5.679 million CAD 0.13 per basic and diluted share for the same period last year. Net cash used in operating activities was CAD 0.165 million against net cash provided by operating activities of CAD 1.811 million a year ago. For the six months, the company reported loss before tax of CAD 4.477 million and loss of CAD 6.217 million or CAD 0.13 per basic and diluted share compared to loss before tax of CAD 5.425 million and loss of CAD 9.157 million CAD 0.21 per basic and diluted share for the same period last year. Net cash used in operating activities was CAD 2.677 million against CAD 0.947 million a year ago. Expenditures on mineral interests were CAD 6.3 million decreased from the comparable quarter of 2013 when the Company incurred CAD 8.2 million. For the quarter, the company reported impairment of mineral properties was CAD 2.437 million.

Seabridge Gold Begins New Drill Program at its KSM Project in Northwestern British Columbia, Canada

Seabridge Gold reported that exploration drilling has begun at its KSM project in Northwestern British Columbia, Canada. The primary focus of the program is to expand the 515 million tonne inferred resource averaging 0.53% copper and 0.36 g/T gold found last year at Deep Kerr and also increase its average grade. The second objective is to test several more identified and highly prospective core zone targets which have the potential for large, high grade deposits similar to Deep Kerr, including the Iron Cap deposit at depth. Additional MT geophysical surveys have recently been completed by Quantec Geoscience Ltd. of Toronto and are now being interpreted. MT (magnetotelluric), which measures fluctuations in naturally-occurring electrical and magnetic fields over a broad range of frequencies, has proven to be an effective tool for conceptual modeling of deep targets at KSM. MT resistivity profiles along the plunge projection of the original Kerr deposit helped to guide the discovery of Deep Kerr. The same method is being used to identify other potential core zones. The initial targets in the 2014 program are: Deep Kerr confirmed the existence of higher grade core-zone-style mineralization at KSM. The Deep Kerr opportunity is enhanced by its accessibility from the Sulphurets valley floor by way of an inclined tunnel, raising the potential for a lower cost block caving option which would also have significant environmental benefits. The last drill holes completed in 2013 at Deep Kerr, located on the north end of the deposit, were some of the widest and richest to date. One of the priority targets for 2014 is to determine the northern extension of the deposit with step-outs that could extend the strike of Deep Kerr by several hundred meters. Deep Kerr demonstrates that the vertical zonation of a major porphyry system remains intact at KSM. Growing evidence suggests that the lateral geometry may also have been preserved at Deep Kerr. The standard model for very large porphyry mineral systems such as Bingham Canyon in Utah is a symmetrical distribution of metal around a source intrusion. In this model, the core of the source intrusion has typically pushed its metal load out to the margins. On the margins, a systematic zonation of metals is observed consistent with changing fluid conditions related to changing pressures and temperatures as the fluids move away from the source stock. If this model applies to Deep Kerr, it would mean that the Deep Kerr resource drilled to date may only be the western limb of the mineral deposition surrounding the host intrusion and that an eastern counterpart has yet to be found. Such a discovery would be significant, potentially repeating the known Deep Kerr deposit in addition to the expected expansion of the west limb to the north. IRON CAP: Drilling below the Iron Cap deposit in 2012 and 2013 attempted to test the downward plunge of the deposit for higher grade gold-copper core zone mineralization. Promising results were obtained in these drill holes, particularly IC-13-49, which returned 261.4 meters of 0.40% copper and 1.09 g/T gold. Targeting this zone by drilling down plunge is not optimum; consequently, holes in the 2014 program have been designed to cut across the projected core zone at Iron Cap to determine the width and strike of the zone. Iron Cap is currently designed as an underground block cave mine, sitting about 1000 to 1200 meters laterally from the access tunnels designed for the KSM project. Extending this deposit down plunge into higher grade gold and copper zones would significantly improve the Iron Cap deposit with little change to the KSM project design. The KSM Project represents a mining district hosting multiple deposits and containing one of the undeveloped gold and copper reserves in the world. Its composite intrusive complex hosts four known, large, gold-copper porphyry deposits which occur within the upper portion of the system and have demonstrated vertical continuity down to near-magmatic bornite-bearing core zones and upward through voluminous mineralized stock works into near surface epithermal vein deposits. Deep Kerr is the initial confirmation of the existence of deep core zones beneath the porphyry deposits, which this model predicts. Core zones are typically formed under higher temperature and pressure conditions, resulting in a mineralogical character usually associated with significantly higher metal content.

Seabridge Gold, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014

Seabridge Gold, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company incurred a net loss for the three months ended March 31, 2014 of CAD 2.4 million or CAD 0.05 per share compared to a net loss of CAD 3.5 million or CAD 0.08 per share in the comparative period ended March 31, 2013. Loss before income taxes was CAD 1.917 million compared to CAD 2.047 million a year ago. Net cash used in operating activities were CAD 2.512 million compared to CAD 2.758 million a year ago.

 

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