Seabridge Gold
Advances North American gold projects toward partnership or sale rather than mine operation.
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Profile
Acquires, explores, and engineers North American mineral properties, with KSM in British Columbia as the principal project. The portfolio also includes Courageous Lake, Iskut, 3 Aces, and Snowstorm; revenue-generating mine operations are not part of its model, which seeks project sales or production-stage partnerships.
Acquires North American mineral properties and advances them through exploration and engineering rather than constructing and operating mines. KSM in northwestern British Columbia is the principal project; Iskut is also in British Columbia, while Courageous Lake, 3 Aces, and Snowstorm extend the portfolio across the Northwest Territories, Yukon, and Nevada. KSM and Iskut contain significant copper discoveries.
Seeks a sale or partnership once a project is ready for production, leaving the company without an operating project. KSM's path depends on securing a development partner with the necessary technical, financial, and social capacity, alongside continued work on power infrastructure. Its environmental-assessment certificate's substantially-started determination is subject to further provincial consultation and reconsideration.
Company facts
Key statistics
Year to date +8.6% · Average volume (30d) 731.4K
Analysts
No analyst consensus on record.
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 12, 2026Q2 FY26 | −$0.04 | $0.76 | +2,000.0% | — | — | — | −1.05% |
| May 13, 2026Q1 FY26 | −$0.04 | −$0.04 | 0.0% | — | — | — | −5.11% |
| Mar 26, 2026Q4 FY25 | −$0.03 | −$0.30 | −900.0% | — | — | — | +3.06% |
| Nov 12, 2025Q3 FY25 | −$0.03 | −$0.23 | −666.7% | — | — | — | −6.81% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $0 | $0 | $0 | $0 | $0 | $0 | |
| Gross profit | $0 | $0 | $0 | −$41.7K | −$23.1K | $0 | |
| Operating income | −$3.1M | −$3.6M | −$3.4M | — | — | −$6.7M | |
| Net income | $7.6M | $8.9M | −$23.2M | −$31.5M | −$4.8M | $84.5M | |
| Diluted EPS | $0.08 | $0.09 | −$0.23 | −$0.31 | −$0.04 | $0.78 | |
| Gross margin | — | — | — | — | — | — | |
| Operating margin | — | — | — | — | — | — |
Fiscal years (4-quarter sums)FY21 $0 · FY22 $0 · FY23 $0 · FY24 $0 · FY25 $0
Balance sheet, Jun 30, 2026Cash & short-term investments $68.7M · Total debt $404.7M · Total assets $1.26B · Shareholders' equity $797.0M
Dividends
No dividends on record.
Ownership
Shares outstanding 107.62M · Float 107.39M · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Albert Friedberg | 16.18M | 16.15% | 13D | Mar 6, 2025 |
| Kopernik Global Investors, LLC | 7.55M | 7.02% | 13F | Aug 11, 2026 |
| David B. Iben | 6.51M | 7.30% | 13G | Nov 4, 2024 |
| Van Eck Associates Corp | 6.51M | 6.05% | 13F | Aug 14, 2026 |
| Toroso Investments, LLC | 4.34M | 4.03% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Northern Dynasty Minerals
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- Western Copper and Gold
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- NovaGold Resources
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- International Tower Hill Mines
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- Perpetua Resources
Idaho gold-antimony developer progressing Stibnite early works and financing
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Seabridge Gold | $32.20 | −0.59% | $3.49B | 168.1 | — | — | — |
| Northern Dynasty Minerals | $1.69 | +0.30% | $941.3M | — | — | — | — |
| Western Copper and Gold | $2.53 | −0.20% | $568.6M | — | — | — | — |
| NovaGold Resources | $8.84 | +1.03% | $3.84B | — | — | — | — |
| International Tower Hill Mines | $2.61 | +0.12% | $680.3M | — | — | — | — |
| Perpetua Resources | $25.11 | +0.04% | $3.14B | — | — | — | — |







