Seabridge Gold incurred a larger net loss in Q3 2025 as it ramped up investments in its KSM, Iskut, and 3 Aces projects. The company remains focused on advancing feasibility studies and progressing strategic partnerships for KSM.
Net loss widened to $32.3 million in Q3 2025 due to higher exploration and development expenses.
KSM project preparations advanced with major infrastructure and feasibility data collection activities.
A 24,000 meter drilling program at Iskut confirmed a new porphyry discovery at Snip North.
Net working capital improved to $83.2 million, indicating strong liquidity.
Seabridge expects to complete a feasibility study for the KSM project and advance partnership negotiations. Further exploration and drilling programs are planned for 2026.
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