SEABRIDGE GOLD, NM ARTICLE 2020-06-19

3. Seabridge Gold

Market cap: US$1.09 billion

Visitors at Seabridge Gold’s KSM gold-copper project, 70 km north of Stewart, British Columbia. Source: Seabridge Gold

Seabridge Gold’s (TSX: SEA; NYSE: SA) principal projects are in Canada. Its Kerr-Sulphurets-Mitchell (KSM) project in British Columbia is one of the largest undeveloped gold projects in the world measured by reserves, with proven and probable reserves of 38.8 million oz. gold and 10.2 billion lb. copper. The project received its Environmental Assessment Certificate from the provincial authorities and final federal approval in 2014.

Elsewhere in B.C. Seabridge owns the Iskut project, which the company obtained with its acquisition of SnipGold in 2016. Iskut is 110 km northwest of Stewart and 30 km by air from its KSM project, and Seabridge is testing for a gold-copper porphyry similar to those discovered at KSM.

In the Northwest Territories, Seabridge is advancing its Courageous Lake project. The 330-sq.-km project has estimated proven and probable reserves of 6.5 million oz. gold in the open-pit FAT deposit. Courageous Lake covers almost all of the 53 km long Mathews Lake Greenstone Belt, which historically hosted two high-grade gold mines and has gold showings all along its length.

Earlier this year, Seabridge acquired 100% of the 3 Aces gold project in Canada’s Yukon territory. Three Aces is a district-scale, orogenic-gold project consisting of 1,734 claims covering 357 sq. km in southeastern Yukon.

Outside Canada, Seabridge owns the Snowstorm and Goldstorm properties in Nevada.