Form 6-K SEABRIDGE GOLD INC For: Mar 25
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2022
Commission File Number 1-32135
SEABRIDGE GOLD INC.
(Name of Registrant)
106 Front Street East, Suite 400, Toronto, Ontario, Canada
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [ ] Form 40-F [X]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes[ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _______________
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|Seabridge Gold Inc.|
|By:||/s/ Chris Reynolds|
|Title:||VP Finance and CFO|
|Date: March 25, 2022|
|99.1||News Release dated March 25, 2022|
|Trading Symbols: TSX: SEA
||For Immediate Release|
|NYSE: SEA||March 25, 2022|
Seabridge Gold Files 2021 Annual Information Form, Year End
Audited Financial Statements and MD&A
Toronto, Canada… Seabridge Gold announced today that it has filed its Annual Information Form, Audited Consolidated Financial Statements and Management's Discussion and Analysis for the year ended December 31, 2021 on SEDAR (www.sedar.com). These documents are also available on the Company's website at https://www.seabridgegold.com/investors/financial-reports. Seabridge's Form 40-F will be filed shortly with the SEC on EDGAR (www.sec.gov/). The Company's Shareholders may, upon request, receive a hard copy of the Company's complete 2021 audited consolidated financial statements free of charge. Seabridge plans to issue its Annual Report to Shareholders shortly after completion of the updated KSM Preliminary Feasibility Study which is expected in June.
In 2021 Seabridge posted net income of $0.9 million ($0.01 per share) compared to a loss of $14.9 million ($0.23 per share) in 2020. During 2021, Seabridge invested $74.4 million in mineral interests, property and equipment compared to $166 million in mineral interests, including the acquisition of the East Mitchell deposit and 3 Aces project, in 2020. The Company's working capital position at December 31, 2021, was $36.9 million and compares to the $36 million reported as at December 31, 2020. Subsequent to December 31, 2021, the Company's working capital was significantly strengthened through completion of a US$225 million financing with Sprott Resource Streaming and Royalty Corp. and Ontario Teachers' Pension Plan (see Financing News Release (https://www.seabridgegold.com/press-release/seabridge-closes-us-225-million-financing-with-sprott-and-ontario-teachers)).
Seabridge holds a 100% interest in several North American gold projects. Seabridge's assets include the KSM and Iskut projects located near Stewart, British Columbia, Canada, the Courageous Lake project located in Canada's Northwest Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project set in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit the Company's website at http://www.seabridgegold.com.
Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.
This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the schedule for completing the updated KSM Preliminary Feasibility Study and the Seabridge Annual Report are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's plans or expectations include unexpected delays in assembling the required information and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.
ON BEHALF OF THE BOARD
Chairman and C.E.O.
For further information please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: [email protected]
106 Front Street East, Suite 400, Toronto, ON M5A 1E1, Canada
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