Seabridge Gold Inc. is designed to provide its shareholders with exceptional leverage to a rising gold price. From 1999 through 2002, when the gold price was lower, Seabridge acquired nine North American projects with substantial gold resources, including Courageous Lake and KSM. Subsequent exploration by Seabridge has significantly expanded its acquired gold resource base.
Today, KSM hosts the largest undeveloped gold resource in the world with measured and indicated gold resources totaling more than 76 million ounces. Our exploration success at KSM has also defined a world class copper project containing 17.6 billion pounds of measured and indicated copper resources. More than half of these gold and copper resources are categorized as reserves. The gold and copper together constitute an outstanding economic opportunity, with environmental approvals and permits in place to commence construction which now requires a partner to build and operate this massive project.
Seabridge considers each of its common shares to represent an indirect ownership interest in its reserves and resources. Our aim is to increase the value of this ownership interest by growing reserves and resources faster than shares outstanding. Project acquisitions, exploration and engineering programs are carefully designed and monitored to ensure that equity dilution required to fund these activities is more than offset by additional reserves and resources.
Seabridge is pursuing three value-enhancing strategies. First, the Company continues to search for gold projects in North America which would be accretive in terms of gold resources. Second, Seabridge funds exploration and engineering work considered likely to expand resources and upgrade them to reserves. Third, Seabridge sells or partners its projects when they reach the production stage, to limit risk and share dilution.
Proven and Probable Reserves
Our goal in establishing Seabridge was to provide exceptional returns to shareholders by maximizing leverage to the gold price in what we perceived would be a rising gold price environment. Our strategy was to optimize gold resources while limiting shares outstanding. This approach provided a simple but effective measure for evaluating dollars spent in terms of gold resources added compared to shares issued.Learn More
Seabridge has also adopted and implemented important corporate policies and practices which codify our understanding of responsible corporate decision-making and behaviour.Learn More
Leadership & Directors
Industry-leading team of experienced mining experts. All of Seabridge's talents are in place to acquire, expand, and advance gold assets to feasibility.Learn More