Seabridge Gold Inc. Profile

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Analyst Comments

Seabridge Gold, Inc. (NYSE:SA) Price Target Update: $12.8 per share
GoldSeek Comment Wire

"Seabridge Gold, Inc. (NYSE:SA) should head towards $12.8 per share according to 2 Analysts in consensus. However, if the road gets shaky, the stock may fall short to $12 per share. The higher price estimate target is at $14 according to the Analysts."

Insider Buying: Seabridge Gold
GoldSeek Comment Wire

"Seabridge Gold (TSE:SEA) insider Financial Corporation Fcmi bought shares of the company's stock on the open market in a transaction that occurred on Thursday, May 28th. Financial Corporation Fcmi also recently purchased stock on May 29th, May 20th, May 21st, May 22nd and May 15th."

2015 KSM Exploration Program
Peter Spina

"This past week Seabridge announced their 2015 exploration plans at KSM. With the summer drilling program starting soon, the company looks to conclude a three year effort which has yielded significant higher grade results. Rudi Fronk, Chairman and CEO, noted that ?We believe we have left the best to last. The potential under Mitchell has been our top exploration target for more than four years.?

With the company fully funded through 2015, anticipation grows with June?s program at the Mitchell deposit. It contains the largest porphyry on the project, already containing 1.4B tonnes of gold-copper. The Deep Kerr work program will focus on expanding the block cave shapes and its potential for significant economic benefit to the project. At Iron Cap, plans are to seek the limits of the Lower Zone deposit."

An Investing Treasure Hunt with Seabridge Gold Inc
GoldSeek Comment Wire

"As of September 30, 2014, the KSM project had proven and probable reserves of 38.2 million ounces of gold, 10 billion pounds of copper, and 191 million ounces of silver, while the Courageous Lake project had proven and probable reserves of 6.5 million ounces of gold. This ranks Seabridge among one of the world?s top gold companies in terms of reserves.

Compared to its peers in the gold industry, Seabridge offers investors substantially more in gold reserves per share, as well as a significantly lower enterprise value per ounce of gold. This produces an incredible value to investors not only in terms of the amount of reserves represented by each share but also by the low price an investor has to pay for those reserves."

SEABRIDGE GOLD hit a MAJOR milestone in December
Peter Spina

"SEABRIDGE GOLD hit a MAJOR milestone in December when Canada's Ministry of Environment approved its massive

KSM project in British Columbia. The positive decision ends an environmental assessment program that started back in early 2008, and opens the way for development of one of the world's largest undeveloped gold and copper deposits.

The news further de-risks the project and will help Seabridge find a partner to build the mine. The company has already made it clear it does not intend to build the mine alone."

About Seabridge Gold

Seabridge Gold's resource base of gold, copper and silver is one of the world's largest. Our principal projects are located in Canada. Our objective is to grow resource and reserve ownership per share. Our risk-reducing strategy: acquire North American deposits; expand them through exploration; move them to reserves through engineering; and sell or joint venture them to established producers for mine construction and operation.

Featured Projects

KSM (British Columbia, Canada)
Courageous Lake (Northwest Territories)
Non-core assets

Proven and Probable Reserves:

44.7 million ounces of gold
10 billion pounds of copper
191 million ounces of silver
213 million pounds of molybdenum

The KSM project is one of the largest undeveloped gold projects in the world. Proven and probable reserves total 38.2 million ounces of gold and 9.9 billion pounds of copper (see table).

Current Program:
The KSM Project has completed a joint harmonized environmental assessment review as outlined by the British Columbia Environmental Assessment Act and the Canadian Environmental Assessment Act. In February, 2013 Seabridge submitted its EA/EIS Application to the provincial and federal regulatory authorities and the Application was accepted into the formal review process in June, 2013 after meeting the requirements of the screening process. In July, 2014 the project received its Environmental Assessment Certificate from the provincial authorities. Final federal approval was received in December, 2014.

Exploration continues at KSM. In 2013, Seabridge found a new deposit, the Deep Kerr, which has the highest metal values discovered at KSM to date. An initial resource estimate for Deep Kerr released in early 2014 confirmed an inferred resource of 515 million tonnes grading 0.53% copper and 0.36 g/T gold (6.1 billion pounds of copper and 5.9 million ounces of gold). The deposit is ideally situated for cost-effective underground mining and the size and grade compare favourably with the world's best producing copper/gold mines (see news release). A new exploration program began in June, 2014 designed to expand Deep Kerr and search for additional higher grade deposits. In September, 2014 discovery of another deposit beneath the Iron Cap deposit was announced (see news release). An expanded resource estimate for Deep Kerr and an initial resource estimate for the Iron Cap Lower Zone are expected in the first quarter of 2015.

More on KSM...

The project's first Preliminary Feasibility Study was released in July 2012 which estimated proven and probable reserves of 6.5 million ounces of gold, an average annual production of 385,000 ounces at a cash operating cost of $780 per ounce and a mine life of 15 years (see news release of July 24, 2012)

Current Program:

The current focus of work at Courageous Lake is to improve its economics by adding higher grade resources and extending mine life. A high-grade gold discovery was made at Walsh Lake in 2012 and subsequent drilling in 2013 increased its size and confirmed its continuity (see news release of May 13, 2013). An initial resource estimate for Walsh Lake was announced in March, 2014 – 4.62 million tonnes of inferred resources grading 3.24 g/T for a total of 482,000 ounces of gold (see news release of March 11, 2014). Metallurgical testing has confirmed excellent recoveries from Walsh Lake material. The 52 km long greenstone belt Seabridge owns has many known gold showings. In 2014, Seabridge will use its mapping, sampling and geophysical data as well as historical drill results to refine the search for additional satellite deposits like Walsh Lake. Seabridge is also proceeding with environmental and engineering programs to advance the project towards permitting and enhance its design.

More on Courageous Lake...