Seabridge Gold Files Third Quarter Report to Shareholders and its Financial Statements and MD&A
10 11월 2017 - 6:55AM
Seabridge Gold (TSX:SEA) (NYSE:SA) reported today that it has filed
its Report to Shareholders, Financial Statements and Management’s
Discussion and Analysis for the three and nine months ended
September 30, 2017 on SEDAR (www.sedar.com). To view the Report on
the Company’s website, please
see: www.seabridgegold.net/sharefinrep.php.
Recent Highlights
- Drilling at Iron Cap confirms major extension of deposit with
some of the best grades to date at KSM
- Iskut exploration program completed; results expected
shortly
- Residual interest in KSP project sold to Colorado Resources for
cash, shares and NSR
During the three month period ended September
30, 2017 Seabridge posted a net loss of $1.5 million ($0.3 per
share) compared to a loss of $0.3 million ($0.01 per share) for the
same period last year. During the 3rd quarter, Seabridge invested
$10.8 million in mineral interests, primarily at KSM and Iskut,
compared to $10.5 million during the same period last year. At
September 30, 2017, net working capital was $23.0 million compared
to $7.3 million at December 31, 2016.
Seabridge Gold holds a 100% interest in several
North American gold resource projects. The Company's principal
assets are the KSM and Iskut properties located near Stewart,
British Columbia, Canada and the Courageous Lake gold project
located in Canada's Northwest Territories. For a breakdown of
Seabridge's mineral reserves and resources by project and category
please visit the Company's website at
www.seabridgegold.net/resources.php.
Neither the Toronto Stock Exchange, New
York Stock Exchange, nor their Regulation Services Providers
accepts responsibility for the adequacy or accuracy of this
release.
All resource estimates reported by the
Corporation were calculated in accordance with the Canadian
National Instrument 43-101 and the Canadian Institute of Mining and
Metallurgy Classification system. These standards differ
significantly from the requirements of the U.S. Securities and
Exchange Commission. Mineral resources which are not mineral
reserves do not have demonstrated economic viability.
ON BEHALF OF THE
BOARD"Rudi Fronk" Chairman & C.E.O.
For further information please contact:Rudi P.
Fronk, Chairman and C.E.O.Tel: (416) 367-9292 ·
Fax: (416) 367-2711Email: info@seabridgegold.net
Seabridge Gold (TSX:SEA)
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Seabridge Gold (TSX:SEA)
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