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Seabridge Gold
(NYSE:SEA)
Seabridge Gold (SEA) vs. iShares MSCI Canada ETF (EWC)
Seabridge Gold Business Overview & Revenue Model
Seabridge Gold Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | Gross Profit |
| -386.00K | -385.00K | -156.00K | -168.00K | -36.00K | EBITDA |
| -19.12M | -17.06M | -22.66M | -16.34M | -14.89M | Net Income |
| -31.25M | -29.27M | -7.39M | 895.00K | -14.94M |
| Balance Sheet | Total Assets | |||
| 1.45B | 1.35B | 1.10B | 747.74M | 647.82M | Cash, Cash Equivalents and Short-Term Investments |
| 55.22M | 86.19M | 131.54M | 44.13M | 41.26M | Total Debt |
| 563.90M | 575.32M | 265.17M | 272.00K | 248.00K | Total Liabilities |
| 609.72M | 621.04M | 355.09M | 45.41M | 33.10M | Stockholders Equity |
| 843.02M | 729.92M | 740.53M | 702.33M | 614.72M |
| Cash Flow | Free Cash Flow | |||
| -120.50M | -251.70M | -191.28M | -85.31M | -169.32M | Operating Cash Flow |
| -14.22M | -21.54M | -7.98M | -11.70M | -10.52M | Investing Cash Flow |
| -121.24M | -202.90M | -286.44M | -78.68M | -180.46M | Financing Cash Flow |
| 101.27M | 260.45M | 325.83M | 84.56M | 199.72M |
Seabridge Gold Technical Analysis
Seabridge Gold Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $2.03B | 33.89 | 2.63% | 3.89% | 1.58% | -21.40% | |
65 Neutral | C$2.20B | ― | -28.89% | ― | 38.21% | 50.26% | |
63 Neutral | C$2.71B | ― | -43.50% | 6.16% | 42.46% | -2626.56% | |
46 Neutral | C$2.01B | ― | -1.46% | ― | ― | 1.89% | |
44 Neutral | C$959.44M | -6.67 | -13.31% | 2.72% | 17.60% | -31.88% | |
40 Underperform | $2.17B | ― | 96.21% | ― | ― | 2.34% |
Seabridge Gold Corporate Events
Seabridge Gold Inc. announced that the British Columbia Government has filed responses to petitions challenging the Environmental Assessment Office’s decision to grant the KSM project a Substantially Started Designation, which ensures the project’s Environmental Assessment Certificate does not expire. The responses outline the government’s consultation process and argue that the designation was fair and reasonable. Seabridge’s CEO expressed confidence in the decision’s procedural fairness and noted that the designation remains effective while the legal process continues.
Spark’s Take on TSE:SEA Stock
According to Spark, TipRanks’ AI Analyst, TSE:SEA is a Neutral.
Seabridge Gold faces substantial financial challenges with no revenue and increasing debt levels. However, positive corporate events, such as a legal victory and significant financing, provide some strategic relief. The stock’s technical indicators show stable short-term momentum but market valuation remains weak, impacting the overall score negatively.
To see Spark’s full report on TSE:SEA stock, click here.
Seabridge Gold announced a significant legal victory as the British Columbia Supreme Court ruled in favor of the company, allowing its appeal against the Canada Revenue Agency’s decision to disallow $15.8 million in exploration expenditures under the BC Mining Exploration Tax Credit program. The ruling validates the company’s claims and is expected to result in refunds and potentially resolve related disputes with flow-through share investors. This decision not only strengthens Seabridge’s financial position but also reinforces its approach to claiming expenses, which could have positive implications for its stakeholders.
Seabridge Gold has filed its 2024 Annual Information Form and Audited Financial Statements, reporting a net loss of $31.2 million for the year. Despite the financial loss, the company achieved significant milestones, including the discovery of a large gold and copper system at its Iskut project and progress on the KSM partnership opportunity. In February 2025, Seabridge bolstered its financial position with equity financings totaling $142.5 million, which will fund various initiatives, including the completion of the KSM switching station and a bankable feasibility study for the KSM project.
Seabridge Gold has announced its corporate objectives for 2025, emphasizing strategic partnerships and resource development. Key goals include securing a partnership for the KSM project, obtaining $100 million in new funding, and advancing exploration at Iskut and 3 Aces. These objectives aim to strengthen Seabridge Gold’s market position and enhance shareholder value through increased resource development and regulatory compliance.
Seabridge Gold has announced its 2024 corporate objectives, continuing its tradition of setting and reporting annual goals for over 20 years. The company has outlined fifteen specific objectives for 2024, reflecting its commitment to transparency and accountability in its operations, which could impact its positioning in the gold exploration industry.
Seabridge Gold has closed a US$100 million financing deal, including US$20 million from a strategic investor, to fund its KSM project and other corporate activities. This funding will enable the company to maintain its priority status with BC Hydro for low-cost green energy, complete necessary field data collection, and undertake engineering evaluations with prospective joint-venture partners for the project’s bankable feasibility study.
Seabridge Gold Inc. has announced a total of US$100 million in financings, including a US$20 million investment from a strategic investor. The funds will be used for critical activities at the company’s KSM gold-copper project, including payments to BC Hydro, field data collection, and early value engineering for a bankable feasibility study, as well as other project-related costs and general corporate purposes. This financing is intended to support the advancement of the KSM project and maintain commitments to indigenous partners and local communities, positioning KSM for future partnerships.