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Seabridge Gold ( (TSE:SEA) ) has shared an announcement.
Seabridge Gold reported strong initial metallurgical test results from its Snip North deposit, part of the 100% owned Iskut gold‑copper project in British Columbia’s Golden Triangle. Testing on drill-core and composite samples showed that the deposit’s mineralization responds well to conventional flotation, with copper and gold grades and recoveries comparable to the company’s Mitchell deposit at KSM.
Locked cycle flotation tests produced copper‑gold‑molybdenum concentrates with high metal grades and excellent recoveries, while cyanide leach tests on pyritic concentrates lifted overall gold recovery to above 85%. The company said the robust metallurgical performance, along with relatively soft mineralization suitable for standard grinding circuits, will underpin a maiden resource estimate for Snip North, potentially enhancing the Iskut project’s economic profile and strategic value within Seabridge’s portfolio.
The most recent analyst rating on (TSE:SEA) stock is a Hold with a C$40.00 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.
Score is held back primarily by weak financial performance (no revenue, persistent losses, and sizable negative free cash flow), despite a supportive technical uptrend and generally positive project-development/news flow that is tempered by legal risk.
To see Spark’s full report on TSE:SEA stock, click here.
More about Seabridge Gold
Seabridge Gold is a Canadian mineral exploration and development company focused on large-scale gold projects across North America. Its principal KSM and Iskut projects are located in British Columbia’s Golden Triangle, complemented by the Courageous Lake project in the Northwest Territories, the Snowstorm project in Nevada’s Getchell Gold Belt, and the 3 Aces project in Yukon Territory.
YTD Price Performance: 32.10%
Average Trading Volume: 234,951
Technical Sentiment Signal: Buy
Current Market Cap: C$5.61B
For a thorough assessment of SEA stock, go to TipRanks’ Stock Analysis page.