Seabridge Gold Inc. announced on May 13, 2025, that it posted net earnings of $10.6 million, or $0.11 per share, for the first quarter of 2025. This marks a significant improvement compared to a net loss of $8.2 million, or $0.09 per share, reported for the same period in 2024.
The company's working capital position saw a substantial increase, rising by $110.9 million from $37.8 million on December 31, 2024, to $148.7 million on March 31, 2025. This improvement in liquidity reflects a stronger financial standing.
During the first quarter of 2025, Seabridge invested $14.3 million in mineral interests, property, and equipment. This is a decrease from the $39.3 million invested in the first quarter of 2024, indicating a more focused allocation of capital.
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