Seabridge Gold Inc.

$32.57

+4.69%

2026-09-03 16:00:03 EDT+$1.46

Basic Materials

Gold

NYSE

Active Trading

Seabridge Gold Inc., operating with its various subsidiaries, primarily concentrates on the acquisition and exploration of precious metals, specifically gold, across the ...

Price Action of SA

$32.57

+4.69%+$1.46

High—

Low—

52W High-18.7%

Rel. vol—

Interval

Range6.2h

Volume—SMA5SMA10

—

Seabridge Gold Inc. is a mineral exploration and development company headquartered in Toronto, Canada, with its corporate history dating to 1979. The company rebranded in June 2002—formerly known as Seabridge Resources Inc.—to reflect its focus on gold exploration and development. Its business is built around advancing exploration discoveries into viable ...Seabridge Gold Inc. is a mineral exploration and development company headquartered in Toronto, Canada, with its corporate history dating to 1979. The company rebranded in June 2002—formerly known as Seabridge Resources Inc.—to reflect its focus on gold exploration and development. Its business is built around advancing exploration discoveries into viable mineral resource and development projects, predominantly for gold, while also prospecting and evaluating other valuable minerals such as copper, silver, molybdenum, and rhenium. From a business perspective, Seabridge’s model is typical of the gold exploration sector: identify and secure prospective mineral property portfolios, conduct geological work (including drilling and sampling), define and expand mineral resources, and then progress studies and engineering required to support feasibility and eventual development. The company’s portfolio is concentrated in North America, especially Canada. Key projects mentioned in its company description include the Kerr-Sulphurets-Mitchell (KSM) and Iskut properties in British Columbia, the Courageous Lake property in the Northwest Territories, and the 3 Aces project in the Yukon Territory. In the United States, it also maintains the Snowstorm project in Nevada. Product/service-wise, Seabridge does not manufacture goods; instead, it provides “in-ground” mineral value through its project pipeline. Its “cost structure” is driven by exploration and development expenditures: drilling programs, fieldwork logistics, laboratory analysis, geological/engineering consulting, land and permitting costs, and corporate overhead. A key “BOM-like” aspect in mining is not a physical bill of materials, but rather a cost stack of field campaigns and technical studies that must be funded ahead of any production revenue. The company’s financial performance can therefore be sensitive to the timing and scale of exploration activities and to market conditions for gold and equity funding. Financially, exploration companies often experience volatility because resources do not translate directly into cash flows until permitting and construction stages occur. Seabridge’s balance and liquidity are therefore influenced by its ability to fund ongoing programs, manage working capital, and plan development horizons for its major projects. Leadership is led by CEO Rudi P. Fronk, who has served as CEO since 1999, with the company also citing long-running executive leadership. Overall, Seabridge’s strategic goal is to grow and responsibly advance its projects toward development, leveraging its multi-metal resource potential and focusing on jurisdictions where it can manage large-scale exploration and technical advancement over time.ExpandCollapse

Founded

1979

Employees

CEO

Rudi Fronk

Full Name

Seabridge Gold Inc.

Sector

Basic Materials

Industry

Gold

ROE

3.10%

Market Cap

$3.51B

Current Ratio

2.08

WACC

11.98%

ROIC

-4.87%

Contact Information

https://www.seabridgegold.com

14163679292

106 Front Street East, Toronto, ON M5A 1E1

Key Metrics of SA

Snapshot

Latest / TTM · 6 periods

Market Cap

$3.51B

ROCE

-1.7%

EV / EBITDA

-49.58x

-0.4% YoY

FCF Yield

-3.6%

+0.1% YoY

Cash Conversion Cycle

-18985.9d

Current Ratio

2.08

Quick take

TTM —

No major risk flags in selected headline metrics.

Financial Highlights of SA

Profitability trend

Latest / TTM · 6 periods

Gross Margin

0.0%

Net Margin

0.0%

P/E Ratio

156.11x

n/a

Debt / Equity

0.51

n/a

Current Ratio

2.08

Dividend Yield

0.0%

Understanding

TTM —

Interest coverage is weak

Calendar of SA

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $-0.07 · Revenue $0.00 · 1 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $-0.07 · Revenue $0.00 · 1 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $0.37 · Revenue $0.00 · 1 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $-0.06 · Revenue $0.00 · 1 analysts

Recent history

Jun 30, 2026
Q2 FY2026 · Results reported
EPS CAD 1.08 · Revenue CAD 0.00
Mar 31, 2026
Q1 FY2026 · Results reported
EPS CAD -0.06 · Revenue CAD 0.00
Dec 31, 2025
FY2025 · Annual results
EPS CAD -0.52 · Revenue CAD 0.00
Sep 30, 2025
Q3 FY2025 · Results reported
EPS CAD -0.32 · Revenue CAD 0.00
Jun 30, 2025
Q2 FY2025 · Results reported
EPS CAD 0.12 · Revenue CAD 0.00
Mar 31, 2025
Q1 FY2025 · Results reported
EPS CAD 0.11 · Revenue CAD 0.00

Financial Statements of SA

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$0	—	—
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-53.1M	-70.0%	+1863.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	—	—	—
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	—	—	—
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	—	—	—
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-152.3M	-26.4%	-36.6%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	—	—	—
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	53.3%	-20.3%	+9.2%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	5.24x	+83.0%	-69.0%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$1.9B	+27.9%	-2.9%

Actual vs Estimate

A Dec 31Q Jun 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-0.52 vs -0.42	-23.7%	1.08 vs -0.06	+2023.9%
Revenue Surprise	—	—	—	—

Leadership Team of SA

9 executives

Name	Title	Compensation	Gender	Year Born	Status
Rudi Fronk	Chairman & Chief Executive Officer	CAD 1,493,750	Male	1959	Active
Ryan Christopher Hoel	Chief Operating Officer & President	CAD 859,125	Male	—	Active
Charles Bruce Scott	Senior Vice President, General Counsel & Corporate Secretary	CAD 651,525	Male	1966	Active
William E. Threlkeld	Senior Vice President of Exploration	CAD 604,938	Male	1955	Active
Melanie R. Miller	Vice President, Chief Sustainability Officer & Director	CAD 387,941	Female	—	Active
Tracey Meintjes	Senior Vice President of Technical Services	CAD 351,946	Male	—	Active
Robert Brent Murphy	Senior Vice President of Environmental Affairs	CAD 223,329	Male	—	Active
Julie Anne Rachynski	Vice President of Human Resources	—	Female	—	Active
Gregory John Martin	Chief Financial Officer	—	Male	1968	Active

Recent News of SA

The Fly8/21/2026Neutral

Seabridge Gold falls -7.1%

Seabridge Gold is down -7.1%, or -$2.35 to $30.92.

Newsfile Corp8/20/2026Neutral

Seabridge Gold Reports Gitxsan Government Has Called for Meaningful Consultation and Collaboration with Tsetsaut Skii km La Hax

Gitxsan Withdraw 2013 Letter Supporting the KSM Project Environmental Assessment Toronto, Ontario--(Newsfile Corp. - August 20, 2026) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ("Seabridge" or the "Company") reports that it has received a copy of a letter sent to the BC Environmental Assessment Office ("BCEAO") and others by the Gitxsan Huwilp Government ("GHG") calling on the Company and the BC Government to collaboratively and meaningfully consult with their neighbour, the Tsetsaut Ski km La Ha ("TSKLH"), in the "court ordered consultation process". To show their support for TSKLH, GHG has withdrawn its September 4, 2013 letter of support for Seabridge's KSM Project issued during the Project's environmental assessment process.

Newsfile Corp8/20/2026Neutral

Stonegate Capital Partners Updates Coverage on Seabridge Gold Inc. (SA) 2Q26

Dallas, Texas--(Newsfile Corp. - August 20, 2026) - Seabridge Gold Inc. (NYSE: SA): Stonegate Capital Partners Updates Coverage on Seabridge Gold Inc. (NYSE: SA). Seabridge's 2Q26 materially strengthened the KSM development and financing setup.

Seeking Alpha8/20/2026Neutral

Seabridge Gold: Fairly Valued Now But Big Upside

Seabridge Gold holds the massive KSM gold-copper project in Northern B.C., advancing infrastructure and seeking a joint venture partner. SA currently trades near fair value using 2022 NPV but offers major upside if spot gold and copper prices persist or a JV is announced. Key catalysts include the H2 2027 feasibility study, infrastructure completion, and potential JV deal, all of which could materially re-rate the stock.

Defense World8/18/2026Neutral

Alberta Investment Management Corp Invests $592,000 in Seabridge Gold, Inc. $SA

Alberta Investment Management Corp bought a new position in Seabridge Gold, Inc. (NYSE: SA) (TSE: SEA) in the undefined quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 22,947 shares of the basic materials company's stock, valued at approximately $592,000. Several other hedge funds and other institutional

Historical Employee Count of SA

Current

Minimum

Maximum

100

Recent Filings

Report Date	Employees	Form Type	Filing Date	SEC Filing
Dec 31, 2025	0	40-F	Mar 27, 2026	View
Dec 31, 2024	100	40-F	Mar 28, 2025	View
Dec 31, 2023	7	40-F	Mar 29, 2024	View
Dec 31, 2022	100	40-F	Mar 31, 2023	View
Dec 31, 2021	100	40-F	Mar 25, 2022	View

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Seabridge Gold Inc.