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November 14, 2022
Toronto, Canada… Seabridge Gold (TSX:SEA, NYSE:SA) announced today that it has filed its Report toShareholders, Interim Financial Statements and Management’s Discussion and Analysis for the threemonths period ended September 30, 2022 on SEDAR (www.sedar.com). To review these documents onthe Company website, please see https://www.seabridgegold.com/investors/financial-reports.
During the three-month period ended September 30, 2022 Seabridge posted a net profit of $5.0 million ($0.06 per share) compared to a net loss of $0.8 million ($0.01 per share) for the same period last year. During the 3rd quarter, Seabridge invested $75.6 million in mineral interests, compared to $25.6 million during the same period last year. At September 30, 2022, net working capital was $154.3 million compared to $36.9 million at December 31, 2021.
Seabridge holds a 100% interest in several North American gold projects. Seabridge’s assets include the KSM and Iskut projects located in Northwest British Columbia, Canada’s “Golden Triangle”, the Courageous Lake project located in Canada’s Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project located in the Yukon Territory. For a full breakdown of Seabridge’s mineral reserves and mineral resources by category please visit Seabridge’s website at http://www.seabridgegold.com.
None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.
Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press release, including any references to mineral resources or mineral reserves, was prepared in accordance with Canadian National Instrument 43-101 (“NI 43-101”), which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the “SEC”) applicable to U.S. domestic issuers. Accordingly, the scientific and technical information contained or referenced in this press release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.
ON BEHALF OF THE BOARD
Chairman and C.E.O.
For further information please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: [email protected]
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