Seabridge Gold Advances Iskut Project with New Drilling Program

Seabridge Gold ( (TSE:SEA) ) just unveiled an update.

Seabridge Gold has commenced its 2025 drill program at the Iskut Project in British Columbia’s Golden Triangle, focusing on delineating copper-gold porphyry mineralization discovered in 2024. The program aims to complete 8,000 meters of core drilling to advance the Snip North discovery to a maiden resource estimation, with a budget of $13.4 million. The initiative also seeks to evaluate other targets, including a Cu-Au porphyry intrusive source. This effort is part of a broader strategy to confirm the potential for an entire porphyry district along the Bronson Trend, which includes multiple porphyry targets. The results will guide further exploration and development efforts at Iskut, enhancing Seabridge’s position in the industry.

The most recent analyst rating on (TSE:SEA) stock is a Buy with a C$30.00 price target. To see the full list of analyst forecasts on Seabridge Gold stock, see the TSE:SEA Stock Forecast page.

Spark’s Take on TSE:SEA Stock

According to Spark, TipRanks’ AI Analyst, TSE:SEA is a Neutral.

Seabridge Gold’s overall stock score reflects significant financial challenges, marked by zero revenue and persistent losses. While technical indicators are neutral, the company’s valuation remains unattractive due to ongoing losses and no dividends. However, recent corporate events, including a legal victory and secured financing, provide a positive outlook for strategic projects.

To see Spark’s full report on TSE:SEA stock, click here.

More about Seabridge Gold

Seabridge Gold is a company that holds a 100% interest in several North American gold projects. Its principal assets include the KSM project and the Iskut project located in British Columbia’s ‘Golden Triangle’, the Courageous Lake project in Canada’s Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada, and the 3 Aces project in the Yukon Territory.

Average Trading Volume: 126,736

Technical Sentiment Signal: Sell

Current Market Cap: C$1.77B

For a thorough assessment of SEA stock, go to TipRanks’ Stock Analysis page.