Impact: Mildly Positive
Results from Seabridge’s summer exploration program at its 100% owned Iskut project have defined another Au-Cu target. Results bode well for the project and we expect this work to be followed up by a significant drill program in 2020. While the expected JV for KSM is likely to be the next major catalyst, an aggressive exploration program at Iskut, along with ongoing work at Snowstorm should provide investors exploration upside in 2020.