Earnings ·
Seabridge Gold reported second quarter 2026 net income of $117.5 million ($1.08 per share), a significant increase…
SASeabridge Gold Inc
Seabridge Gold reported second quarter 2026 net income of $117.5 million ($1.08 per share), a significant increase from $12.3 million in the prior year period, driven by gains on the Courageous Lake spin-out. The company invested $32.5 million in capital expenditures and holds $53.6 million in net working capital. In July 2026, Seabridge secured an unsecured short-term loan facility of up to US$100 million at a 7% interest rate, maturing December 31, 2026, to fund KSM project activities. The BC Supreme Court ordered reconsideration of the KSM project's substantially started designation following consultation requirements with the Tsetsaut Skii km Lax Ha nation. Seabridge Gold Inc. is a gold exploration and development company operating primarily in British Columbia.