Seabridge Gold Files Second Quarter Report to Shareholders and its Financial Statements and MD&A
09 Agosto 2018 - 4:47PM
Seabridge Gold (TSX:SEA) (NYSE:SA) reported today that it has filed
its Report to Shareholders, Interim Financial Statements and
Management’s Discussion and Analysis for the three and six months
ended June 30, 2018 on SEDAR (www.sedar.com). To view the Report on
the Company’s website, please see:
www.seabridgegold.net/sharefinrep.php.
Recent Highlights
- Two new gold zones discovered at Courageous Lake
- Drill program commences at KSM designed to grow higher-grade
Iron Cap resources
- First Seabridge exploration program initiated at Snowstorm gold
project in Nevada
- Balance Sheet Strengthened with Closing of $19.7 Million
Flow-Through Financing
During the three-month period ended June 30,
2018 Seabridge posted a net loss of $2.4 million ($0.04 per share)
compared to a loss of $1.7 million ($0.03 per share) for the same
period in 2017. During the 2nd quarter, Seabridge invested $7.4
million in mineral interest project spending compared to $5.8
million in the second quarter of 2017. At June 30, 2018, net
working capital was $27.7 million compared to $19.6 million at
December 31, 2017.
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
BOARDChairman & 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
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