Seabridge Gold (TSE:SEA) has released an update.
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Seabridge Gold Inc. reports a decrease in total assets from CAD 1,350,959,000 at the end of December 2023 to CAD 1,342,925,000 as of March 31, 2024. The company experienced a net loss of CAD 8,173,000 for the first quarter of 2024, with a comprehensive loss of CAD 23,416,000 for the same period. These financial results indicate a challenging quarter for the mining company, with significant foreign exchange losses and a notable remeasurement of secured notes contributing to the overall loss.
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