January 9, 2023
Seabridge Gold Inc. (TSX:SEA, BUY, C$51.00 target, David A. Talbot) entered into an at-the-market program (or controlled equity offering) to issue up to US$100M in common shares on the NYSE, or any other market in the US. The program will be in effect until the company’s current US$750M shelf registration expires Jan 2025. The proceeds from the ATM facility are expected to be used for non-flow through eligible exploration, advancement of its portfolio of projects, future acquisitions, working capital, and G&A. Moving forward, all eyes remain on the 100%-owned KSM project in BC, where a PEA for the Iron Cap and Kerr deposits was recently released, which added 39 years to the existing 33-year LOM and outlined stellar economics, including an after tax NPV5% of US$5.8B, IRR of 18.9% and payback period of 6.2 years. Read more
Company Specific Disclosure Details
Seabridge Gold Inc. – TSX:SEA
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