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Seabridge Gold ( (TSE:SEA) ) just unveiled an announcement.
Seabridge Gold has updated mineral resource estimates for its KSM project in British Columbia, using higher metal price assumptions and revised cost parameters that align with those commonly used by major mining companies. The new pricing deck increases the economic envelope of previously modeled resources without changing the underlying geological model, effectively capturing more tonnes and metal within updated cut-off grades.
The restated figures show measured and indicated resources rising by 6.8 million ounces of gold, 1.5 billion pounds of copper, 42.7 million ounces of silver and 93 million pounds of molybdenum versus January 2024, while inferred resources grow by 12.9 million ounces of gold, 4.2 billion pounds of copper, 108.8 million ounces of silver and 140 million pounds of molybdenum. Management framed the move as a step toward a potential joint venture on KSM, signaling that the project’s scale and disclosure standards are being calibrated to match the expectations of prospective Tier 1 partners and other stakeholders.
The most recent analyst rating on (TSE:SEA) stock is a Sell with a C$33.00 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 SEA Stock
According to Spark, TipRanks’ AI Analyst, SEA is a Neutral.
The score is held down primarily by weak financial performance (no revenue, persistent losses, and ongoing cash burn that suggests continued funding needs) and bearish technical momentum (price below key moving averages and negative MACD). Valuation contributes little support because the negative P/E reflects losses and there is no dividend yield provided.
To see Spark’s full report on SEA stock, click here.
More about Seabridge Gold
Seabridge Gold Inc. is a Canadian precious metals exploration and development company focused on large-scale gold-copper projects. Its flagship asset is the KSM project in northwestern British Columbia, a major gold, copper, silver and molybdenum resource positioned to appeal to Tier 1 mining companies seeking long-life, bulk-tonnage deposits.
Average Trading Volume: 242,739
Technical Sentiment Signal: Buy
Current Market Cap: C$3.73B
For detailed information about SEA stock, go to TipRanks’ Stock Analysis page.