Seabridge Gold Inc. filed its Annual Information Form and Audited Consolidated Financial Statements for the year ended December 31, 2024, on March 27, 2025. The company reported a net loss of $31.2 million, or $0.35 per share, for 2024, which is a slight increase from the $29.3 million net loss, or $0.35 per share, recorded in 2023.
During 2024, Seabridge invested $106.3 million on a cash basis in mineral interests, property, and equipment, a decrease from the $230.2 million invested in 2023. Net working capital at December 31, 2024, was $37.8 million, down from $54.5 million at the end of 2023.
Chairman and CEO Rudi Fronk highlighted key accomplishments for 2024, including the 'Substantially Started' Determination from the BC government for KSM, the discovery of a large gold and copper mineralization system on the Iskut project, and engagement with global miners for a KSM partnership. The primary corporate objective for 2025 is to secure a partner for KSM to advance the project to a production decision.
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