The Prospector News

Seabridge Gold Files Second Quarter 2021 Report to Shareholders and its Financial Statements and MD&A

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

Seabridge Gold Files Second Quarter 2021 Report to Shareholders and its Financial Statements and MD&A

 

 

 

 

 

Seabridge Gold (TSX: SEA) (NYSE: SA) announced that it has filed its Report to Shareholders, Interim Financial Statements and Management’s Discussion and Analysis for the three months period ended June 30, 2021 on SEDAR (www.sedar.com). To review these documents on the Company website, please see https://www.seabridgegold.com/investors/financial-reports.

 

Recent Highlights

 

  • Residual interest in Red Mountain sold for US$18 million in cash
  • Field activities at KSM underway to incorporate Snowfield deposit into new 2022 PFS
  • Cost sharing agreement executed on Coulter Creek Access Road for KSM
  • 2021 exploration program commences at Snowstorm, Nevada
  • New geophysical evidence supports the potential for large gold-copper porphyry system at Iskut
  • Sustainability Mandate approved by Board
  • Record $63.9 million in working capital at June 30

 

Financial Results

 

During the three-month period ended June 30, 2021 Seabridge posted a net profit of $14.5 million ($0.19 per share) compared to a net loss of $4.1 million ($0.06 per share) for the same period in 2020. During the 2nd quarter, Seabridge invested $9.6 million in mineral interests project spending compared to $4.4 million in the second quarter of 2020. At June 30, 2021, net working capital was $63.9 million compared to $36.0 million at December 31, 2020.

 

Seabridge holds a 100% interest in several North American gold projects. Seabridge’s assets include the KSM and Iskut projects located near Stewart, British Columbia, Canada, 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.

 

Technical Information

 

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, which differs significantly from the requirements of the U.S. Securities and ‎Exchange Commission ‎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.‎

 

Posted August 14, 2021

Share this news article

MORE or "UNCATEGORIZED"


Skeena Resources Closes C$34.5 Million Bought Deal Offering of Common Shares

Skeena Resources Limited (TSX: SKE) (NYSE: SKE) announced the clo... READ MORE

September 23, 2022

Glencore to Acquire Newmont’s 18.75% Shareholding in the Mara Project

Today Glencore International AG announced, and has made Yamana Go... READ MORE

September 23, 2022

Rusoro Announces Closing of $1,250,000 Private Placement

Rusoro Mining Ltd. (TSX-V: RML) is pleased to announce that on Se... READ MORE

September 23, 2022

Revival Gold Intersects 10.1 g/t Gold Over 11.4 Meters Within 3.5 g/t Gold Over 115.4 Meters at Beartrack-Arnett

Revival Gold Inc. (TSX-V: RVG) (OTCQX: RVLGF) is pleased to annou... READ MORE

September 23, 2022

Avalon and LG Energy Solution Sign Memorandum of Understanding to Accelerate Ontario's Lithium Battery Materials Supply Chain

Avalon Advanced Materials Inc. (TSX: AVL) (OTCQB: AVLNF) is plea... READ MORE

September 23, 2022

We acknowledge the [financial] support of the Government of Canada.

Government of Canada Supported
Copyright 2022 The Prospector News