QUOTE AND NEWS
SeekingAlpha  Aug 11  Comment 
SeekingAlpha  Jul 6  Comment 
Benzinga  May 19  Comment 
Seabridge Gold Inc. (NYSE: SA) revealed Thursday that it has closed its bought deal flow-through financing as announced earlier. This included the full amount of the over-allotment option, for aggregate gross proceeds of $12.04...




 

Seabridge Gold is a Toronto based exploration company with significant resources of gold-copper, silver and molybdenum. Its flagship property known as KSM in Northern British Columbia, is home to all of the company's proven and probable reserves of over 38.5 million ounces for gold, 214 million ounces for silver, 9.985 billion pounds for copper and 257 million pounds for molybdenum.[1]

The company has realized significant gains on investments; for example the 2006 acquisition of Noche Buena cost it only $4.4 million however less than two years later, in December 2008 it sold most of its interest in the project to Newmont and Fresnillo for $25 million followed by the sale of its remaining interest in 2010 for $10.1 million.[2]

Production forecast

Reserves for each metal represent about 70% of the total resources. Production forecast: first 7 years 854,000 ounces for gold, 166 million pounds for copper, 2.9 million ounces for silver and 1.1 million pounds for molybdenum. Over the 52 year life of mine: 546,000 ounces of gold, 157 million pounds of copper, 2.7 million ounces of silver and 1.7 million pounds of molybdenum.[1]

Projects

Outside of KSM the company has no resources of copper, silver or molybdenum; all other projects only have gold. Measured + indicated resources of gold total 55.345 million ounces (81.9% located at KSM). 67% of gold outside of KSM is at Courageous Lake (Courageous Lake is also home to 22% of inferred gold resources; measured/indicated plus inferred = 11.382 million ounces at Courageous Lake out of a company total of 75.801 million ounces).

Financial position

Hasn't been approached as of yet (2011 summer) by any financial institutions for funding but with base case total net cash flow US$4.5 billion higher in 2010 it might be easier for the company to obtain new credit to use towards the US$4.68 billion capital costs needed by KSM.[1]

References

  1. 1.0 1.1 1.2 Seabridge Gold Inc 2010 Annual Report (2011).
  2. Seabridge Gold July 2011 Corporate Presentation (2011).
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki