Seabridge Gold ( (SA) ) has released its Q3 earnings. Here is a breakdown of the information Seabridge Gold presented to its investors.
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Seabridge Gold is a Canadian-based resource company primarily engaged in the acquisition and exploration of gold properties, with a focus on large-scale projects in North America.
In its latest earnings report for the quarter ended September 30, 2025, Seabridge Gold highlighted significant advancements in its KSM project, including ongoing field activities and partnership discussions, as well as the completion of a major drilling program at Iskut.
Key financial metrics revealed a net loss of $32.3 million for the quarter, compared to a $27.6 million loss in the same period last year. The company invested $52.9 million in mineral interests, a substantial increase from the previous year. Additionally, Seabridge’s net working capital improved to $83.2 million from $37.8 million at the end of 2024.
Strategically, Seabridge continues to focus on its KSM project, with progress in feasibility studies and infrastructure development, including the construction of a BC Hydro switching station. The company is also advancing partnership discussions with potential candidates to further the project’s development.
Looking ahead, Seabridge Gold remains optimistic about its strategic initiatives and the potential for partnerships to advance its projects. The company is preparing for a resource estimate at Iskut in early 2026 and anticipates a decision on its court case regarding the KSM project in the same period.