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Seabridge Gold ( (TSE:SEA) ) has issued an update.
Seabridge Gold has reported a maiden mineral resource estimate for the Snip North deposit at its 100% owned project in British Columbia’s Golden Triangle, which it is renaming the Bronson Corridor Project. The inferred resource at Snip North totals 9.2 million ounces of gold, 28.3 million ounces of silver, and 923 million pounds of copper, with the deposit remaining open in several directions and thus offering considerable growth potential.
Snip North, the second deposit identified on the Bronson Corridor after Bronson Slope, was defined primarily from Seabridge’s 2023–2025 diamond drilling and reflects characteristics of a significant Cu-Au porphyry-related system. The resource estimate, prepared by independent firms using 58 drill holes and constrained by preliminary open-pit and underground mining shapes, strengthens Seabridge’s resource base and underscores the strategic importance of the Bronson Corridor as a potential future growth driver for the company.
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.
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 is a Canadian precious metals exploration and development company focused on advancing large-scale gold, copper, and silver projects. Listed on the TSX and NYSE, it concentrates its activities in British Columbia’s Golden Triangle and other prospective districts, aiming to delineate substantial mineral resources that can attract development partners and enhance long-term asset value for investors.
Average Trading Volume: 232,713
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$4.64B
For detailed information about SEA stock, go to TipRanks’ Stock Analysis page.