SA - Seabridge Gold offloads residual red mountain interest for $18M

Seabridge Gold ([[SA]] -1.7%) sold its residual interests in its earlier owned Red Mountain project located in northwestern British Columbia for $18M in cash to Sprott Resource Streaming and Royalty."The sale of our residual interests in Red Mountain is consistent with our 21+ year business plan of selling non-core assets at opportunistic times to fund activities at our core projects. To date, we have generated over $75M in non-core asset sales with the proceeds being redeployed into our core assets," chairman & CEO Rudi Fronk commented.Seabridge holds a 100% interest in several North American gold projects.

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Seabridge Gold offloads residual red mountain interest for $18M