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Seabridge Gold ( (TSE:SEA) ) has shared an announcement.
Seabridge Gold has filed its 2025 Annual Information Form, audited financial statements, and MD&A, reporting a widened net loss of $53.2 million versus $31.2 million a year earlier. The loss was driven largely by a non-cash $60.1 million remeasurement loss on U.S.-dollar-denominated Secured Notes tied to future KSM royalties, while investment in mineral interests, property, and equipment rose to $137 million from $106.3 million.
Despite the loss, Seabridge strengthened its balance sheet, with net working capital (excluding assets held for distribution) climbing to $109.8 million from $44.8 million. Operationally, the company advanced a key BC Hydro switching station to secure low-cost green power for KSM, moved ahead with plans to spin out its Courageous Lake project into a separately listed Valor Gold Corp., and continued partner negotiations to advance KSM, underscoring a strategy to surface asset value while focusing on large gold-copper developments.
The most recent analyst rating on (TSE:SEA) stock is a Buy with a C$71.00 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.
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 SEA stock, click here.
More about Seabridge Gold
Seabridge Gold is a Toronto-based mining company focused on acquiring and developing gold and copper projects in North America. Its principal assets include the KSM and Iskut projects in British Columbia’s Golden Triangle, the Courageous Lake project in Canada’s Northwest Territories, the Snowstorm project in Nevada’s Getchell Gold Belt, and the 3 Aces project in Yukon Territory.
Average Trading Volume: 244,462
Technical Sentiment Signal: Buy
Current Market Cap: C$3.8B
For an in-depth examination of SEA stock, go to TipRanks’ Overview page.

