Seabridge Gold Defends KSM Project’s Substantially Started Designation in Court

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

Seabridge Gold Inc. has filed responses in the BC Supreme Court to petitions challenging the Environmental Assessment Office’s decision to grant the KSM project a Substantially Started Designation, which ensures the project’s Environmental Assessment Certificate remains valid. The company emphasizes its extensive engagement with stakeholders, including the TSKLH, and supports the BC Government’s stance that the designation was procedurally fair. This legal resolution is crucial for advancing the project’s development.

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 Inc. is a company that holds a 100% interest in several North American gold projects. Its principal asset, the KSM project, along with the Iskut project, is located in Northwest British Columbia, Canada’s ‘Golden Triangle’. The company also has 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: 145,521

Technical Sentiment Signal: Sell

Current Market Cap: C$1.72B

Find detailed analytics on SEA stock on TipRanks’ Stock Analysis page.