The latest update is out from Seabridge Gold ( (TSE:SEA) ).
Seabridge Gold announced a significant legal victory as the British Columbia Supreme Court ruled in favor of the company, allowing its appeal against the Canada Revenue Agency’s decision to disallow $15.8 million in exploration expenditures under the BC Mining Exploration Tax Credit program. The ruling validates the company’s claims and is expected to result in refunds and potentially resolve related disputes with flow-through share investors. This decision not only strengthens Seabridge’s financial position but also reinforces its approach to claiming expenses, which could have positive implications for its stakeholders.
More about Seabridge Gold
Seabridge Gold Inc. is a company that holds a 100% interest in several North American gold projects. Its principal assets include the KSM and Iskut projects located in British Columbia’s ‘Golden Triangle’, the Courageous Lake project in Canada’s Northwest Territories, and the Snowstorm project in the Getchell Gold Belt of Northern Nevada.
YTD Price Performance: 1.91%
Average Trading Volume: 894,807
Technical Sentiment Signal: Buy
Current Market Cap: $1.23B
Find detailed analytics on SEA stock on TipRanks’ Stock Analysis page.