Recent Updates — SA
Seabridge Gold Inc. executed a purchase agreement with Orogen Royalties Inc. to acquire a 100% interest in the Slaughterhouse Project, comprising 163 mining claims and associated data in southern Wyoming. The transaction requires an initial payment of US$300,000 and allows for additional milestone payments totaling up to US$2.55 million upon completion of specific exploration goals. Orogen will retain a 2.5% net smelter return royalty on the existing claims and a 0.5% to 1% NSR royalty within a broader area. The deal is subject to customary closing conditions. Seabridge Gold Inc. operates in the gold mining industry, holding principal assets including the KSM and Bronson Corridor projects.
Seabridge Gold announced the substantial completion and successful energization of the Treaty Creek Terminal on August 27, 2026. This infrastructure milestone provides reliable hydroelectric power to support future construction and operations at the KSM Project in northwestern British Columbia. The facility is expected to be ready for service by November 2026. Seabridge has invested over $1.2 billion in advancing the project, which is one of the world's largest undeveloped copper and gold projects held by a publicly traded company. Seabridge Gold Inc. operates in the mining industry, holding interests in several North American gold and critical mineral projects including KSM and Bronson Corridor.
Seabridge Gold reports that the Gitxsan Huwilp Government has withdrawn its 2013 letter of support for the KSM Project and is calling for meaningful consultation with the Tsetsaut Skii km La Ha. This follows a BC Supreme Court decision ordering further consultation regarding whether the project was 'substantially started.' The company notes that over $1.4 billion has been invested in the KSM Project to date, including more than $650 million since 2021. Seabridge remains supportive of the court-ordered process and highlights ongoing collaboration with other Indigenous nations whose treaty rights cover the project area. Seabridge Gold Inc. is a mining company focused on developing gold projects in North America.
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.
Seabridge Gold Inc. completed the spin-out of its Courageous Lake Project into Valor Gold Corp., distributing 55 million Valor shares to shareholders at a ratio of one Valor share for every 1.957 Seabridge shares held on June 3, 2026. The transaction generated a $151.7 million gain and resulted in the recognition of a gold stream asset valued at $11.7 million as of June 30, 2026. For the six months ended June 30, 2026, the company reported net income of $110.9 million ($1.03 per share) and held $81.5 million in cash. On July 20, 2026, Seabridge secured a US$100 million unsecured loan facility to fund KSM Project development. The British Columbia Supreme Court ordered the reconsideration of the project's substantially started determination following a legal challenge by the Tsetsaut Skii km Lax Ha First Nation. Seabridge Gold Inc. is engaged in acquiring, exploring, and advancing mineral properties with an emphasis on gold resources.