SA - Seabridge Gold: Strong Leverage To Bullish Gold Until More Gainful Opportunities Arise

2024-02-26 05:56:15 ET

Summary

• Seabridge Gold is focused on developing its flagship asset, the KSM Project, in British Columbia.
• The company is seeking a strategic partner to secure project financing for the significant development CAPEX of the KSM Project.
• SA stock's performance is correlated with gold prices, with potential upside following bullish momentum in the price of the yellow metal.

Thesis

Seabridge Gold Inc. ( SA ) is a Canadian development-stage mining company focused on developing its 100% owned flagship asset, the KSM (Kerr Sulphurets Mitchel) Project, in British Columbia. Tier-1 mining assets in Tier-1 jurisdictions represent an investment case in Seabridge Gold. The company is also advancing E&D (Exploration and Development) activities at its other promising mining properties, namely Iskut (British Columbia), 3 Aces (Yukon), Courageous Lake (Northwest Territories), and Snowstorn (Nevada). Seabridge's business model centers on focused exploration to expand its already significant mineral resources underlying its mining assets in Tier-1 locations. Seabridge expects to enter a strategic partnership to help secure project development funds, since its available liquidity is too low to support KSM's significant development CAPEX....

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