Latest news with #RudiFronk
Associated Press
29-05-2025
- Business
- Associated Press
Seabridge Files Responses to Petitions Challenging KSM's Substantially Started Designation
Toronto, Ontario--(Newsfile Corp. - May 29, 2025) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ('Seabridge' or the 'Company') reported today it has filed its responses in BC Supreme Court to petitions challenging the Environmental Assessment Office's ('EAO') decision granting Seabridge Gold's KSM project Substantially Started ('SS') Designation. On July 29, 2024, the EAO determined that Seabridge's KSM project had been substantially started, ensuring that the project's Environmental Assessment Certificate is no longer subject to expiry. Our submissions further strengthen and broaden the Responses that had been filed by the BC Government in late April 2025, detailing the extent of our engagement with the petitioners in support of our SS application and the previously granted Provincial, Federal, and Nisga'a environmental approvals. Seabridge's extensive engagement with the TSKLH and the funding support we have provided to the TSKLH (one of the petitioners) was initiated in 2007 and has continued to be available ever since, including during the period of review of our application for an SS determination. The TSKLH have been included in all reviews of Seabridge's regulatory applications and participated to the extent they decided warranted, with funding support, contrary to their assertions. Our responses also support BC's position on why granting the SS Designation was not unreasonable. The Petitions, the Responses from Seabridge and the BC Government and our related news releases can be found here. The parties have scheduled the period from September 22 to September 29, 2025 for the court hearing. Seabridge CEO Rudi Fronk stated 'our team's engagement and work in support of advancing KSM has been exemplary, especially while striving to achieve the SS determination. I am confident that our Responses, and those of the BC Government, provide strong support that the EAO's decision to grant the SS Designation was indeed procedurally fair and not unreasonable. Resolving this issue will facilitate the next steps in project development beyond this year's extensive work schedule. While this legal process continues, the SS Designation remains in effect.' About Seabridge Gold Seabridge holds a 100% interest in several North American gold projects. Seabridge's principal asset, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada's 'Golden Triangle', the Courageous Lake project is located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project in the Yukon Territory. For a full breakdown of Seabridge's Mineral Reserves and Mineral Resources by category please visit the Company's website at 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) 367-2711 Email: [email protected] To view the source version of this press release, please visit
Yahoo
13-05-2025
- Business
- Yahoo
Seabridge Gold Files First Quarter Financial Statements and MD&A
Toronto, Ontario--(Newsfile Corp. - May 13, 2025) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Interim Financial Statements and Management's Discussion and Analysis for the three-month period ended March 31, 2025 on SEDAR+ ( These statements are also available on Seabridge's website at Seabridge's Q1 2025 Report to Shareholders can be found here. Recent Highlights Secures US$100 million in new financings including US$20 million from a strategic investor 2025 field programs underway at KSM Issues 2024 report card and 2025 corporate objectives BC Government files responses to petitions challenging KSM's substantially started designation Fully funded exploration programs planned at Iskut and 3 Aces Gold price hits all-time high at US$3,500 per ounce Financial Results During the first quarter of 2025, Seabridge posted net earnings of $10.6 million ($0.11 per share) compared to a net loss of $8.2 million ($0.09 per share) for the same period in 2024. During the first quarter of 2025, Seabridge invested $14.3 million in mineral interests, property and equipment compared to $39.3 million invested in the first quarter of 2024. The working capital position increased by $110.9 million, from $37.8 million on December 31, 2024 to $148.7 million on March 31, 2025. Seabridge holds a 100% interest in several North American gold projects. Seabridge's assets include the KSM and Iskut projects located in northwest British Columbia, Canada's "Golden Triangle", the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit Seabridge's website at None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD"Rudi Fronk" Chairman and C.E.O. For further information please contact:Rudi P. Fronk, Chairman and (416) 367-9292 • Fax: (416) 367-2711Email: info@ To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
28-03-2025
- Business
- Yahoo
Seabridge Gold Files 2024 Annual Information Form, Year End Audited Financial Statements and MD&A
Toronto, Ontario--(Newsfile Corp. - March 27, 2025) - Seabridge Gold (TSX: SEA) (NYSE: SA) announced today that it has filed its Annual Information Form, Audited Consolidated Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2024 on SEDAR ( These documents are also available on the Company's website at Seabridge's Form 40-F will be filed shortly with the SEC on EDGAR ( The Company's Shareholders may, upon written request, receive a hard copy of the Company's complete 2024 audited consolidated financial statements free of charge. During the year ended December 31, 2024 Seabridge posted a net loss of $31.2 million ($0.35 per share) compared to a net loss of $29.3 million ($0.35 per share) for the previous 12-month period. During 2024, on a cash basis, Seabridge invested $106.3 million in mineral interests, property and equipment compared to $230.2 million in 2023. At December 31, 2024, net working capital was $37.8 million compared to $54.5 million at December 31, 2023. Chairman and CEO Rudi Fronk said: "2024 was a year of important accomplishments including the Substantially Started Determination from the BC government, discovery of a large system of gold and copper mineralization on the Company's Iskut project and engagement with leading global miners on the KSM partnership opportunity. Our number one corporate objective for 2025 is to secure a partner for KSM that possesses the technical, financial and social skills to advance the project to a production decision." In February 2025, Seabridge strengthened its balance sheet by completing two equity financings for gross proceeds of $142.5 million (US$100 million) consisting of a bought-deal financing of 6,540,000 common shares at US$12.25 per share plus, plus a private placement on the same terms with a strategic investor of 1,640,000 common shares, all at US$12.25 per share. Net proceeds from these financings will be used by the Company to make the payments to BC Hydro contracted for completion of the KSM switching station; complete a program to collect all remaining anticipated field data for, and undertake early value engineering to support, a KSM bankable feasibility study; respond to data requirements from the joint venture process; fund other costs associated with ongoing activities at the Company's 100%-owned KSM gold-copper project in northeast British Columbia, Canada; and for general corporate purposes. Seabridge holds a 100% interest in several North American gold projects. Two of Seabridge's principal assets, the KSM project and its Iskut project, are located in British Columbia's "Golden Triangle". The Courageous Lake project is located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit the Company's website at Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. ON BEHALF OF THE BOARD"Rudi Fronk"Chairman and C.E.O. For further information please contact:Rudi P. Fronk, Chairman and (416) 367-9292 • Fax: (416) 367-2711Email: info@ To view the source version of this press release, please visit
Yahoo
07-03-2025
- Business
- Yahoo
Seabridge Gold Inc.'s (TSE:SEA) market cap touched CA$1.6b last week, benefiting both retail investors who own 52% as well as institutions
The considerable ownership by retail investors in Seabridge Gold indicates that they collectively have a greater say in management and business strategy 38% of the business is held by the top 25 shareholders Recent purchases by insiders If you want to know who really controls Seabridge Gold Inc. (TSE:SEA), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 52% to be precise, is retail investors. Put another way, the group faces the maximum upside potential (or downside risk). While retail investors were the group that reaped the most benefits after last week's 5.7% price gain, institutions also received a 40% cut. Let's take a closer look to see what the different types of shareholders can tell us about Seabridge Gold. Check out our latest analysis for Seabridge Gold Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. Seabridge Gold already has institutions on the share registry. Indeed, they own a respectable stake in the company. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Seabridge Gold, (below). Of course, keep in mind that there are other factors to consider, too. Seabridge Gold is not owned by hedge funds. The company's largest shareholder is Pan Atlantic Bank and Trust Limited, Asset Management Arm, with ownership of 6.2%. For context, the second largest shareholder holds about 5.0% of the shares outstanding, followed by an ownership of 3.5% by the third-largest shareholder. Additionally, the company's CEO Rudi Fronk directly holds 1.2% of the total shares outstanding. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Researching institutional ownership is a good way to gauge and filter a stock's expected performance. The same can be achieved by studying analyst sentiments. There is a little analyst coverage of the stock, but not much. So there is room for it to gain more coverage. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. We can report that insiders do own shares in Seabridge Gold Inc.. It is a pretty big company, so it is generally a positive to see some potentially meaningful alignment. In this case, they own around CA$39m worth of shares (at current prices). It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently. The general public -- including retail investors -- own 52% of Seabridge Gold. This size of ownership gives investors from the general public some collective power. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. It seems that Private Companies own 5.0%, of the Seabridge Gold stock. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. For example, we've discovered 4 warning signs for Seabridge Gold (2 shouldn't be ignored!) that you should be aware of before investing here. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
26-02-2025
- Business
- Yahoo
Seabridge Gold Reports on 2024 Corporate Objectives
Toronto, Ontario--(Newsfile Corp. - February 26, 2025) - For more than 20 years, Seabridge Gold (TSX: SEA) (NYSE: SA) has set and published annual objectives and reported on the results at the end of each year which we call our report card. For 2024, the Company set fifteen specific objectives which were published in April 2024. Were we successful? See our 2024 Report Card. Seabridge holds a 100% interest in several North American gold projects. Seabridge's principal assets, the KSM project, and its Iskut project are located in British Columbia, Canada's "Golden Triangle", the Courageous Lake project is in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit the Company's website at Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release ON BEHALF OF THE BOARD"Rudi Fronk"Chairman and C.E.O. For further information please contact:Rudi P. Fronk, Chairman and (416) 367-9292 • Fax: (416) 367-2711Email: info@ To view the source version of this press release, please visit
