Seabridge Gold files third quarter report to shareholders
9 November 2017
Seabridge Gold reported today that it has filed its report to shareholders, financial statements and management's Ddiscussion and analysis for the three and nine months ended September 30, 2017.
Recent highlights include:
- 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 $1.5million ($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.