12 May 2017
Toronto, Canada…Seabridge Gold reported today that it has filed its Financial Statements and Management’s Discussion and Analysis for the three months ended March 31, 2017 on SEDAR (www.sedar.com). To view the Report to Shareholders, financial statements and management’s discussion and analysis for the three months ended March 31, 2017 on the Company’s website, please see: www.seabridgegold.net/sharefinrep.php.
During the three-month period ended March 31, 2017 the Company incurred a $1.8 million net loss or $0.03 per share compared to a net loss of $2.5 million or $0.05 per share for the comparative period ended March 31, 2016. During the first quarter, Seabridge invested $2.4 million in mineral interests at the KSM, Courageous Lake and Iskut projects, compared to $3.5 million during the same period last year. At March 31, 2017, net working capital was $6.0 million compared to $7.3 million at December 31, 2016.