Form 6-K SEABRIDGE GOLD INC For: May 16
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E-mailUNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR
15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of May 2022
Commission File Number 1-32135
SEABRIDGE GOLD INC.
(Name
of Registrant)
106 Front Street East, Suite 400, Toronto, Ontario, Canada
M5A 1E1
(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- _______________
SIGNATURE
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. | ||
| (Registrant) | ||
| By: | /s/ Chris Reynolds | |
| Name: | Chris Reynolds | |
| Title: | VP Finance and CFO | |
| Date: May 16, 2022 | ||
EXHIBITS
| Exhibit | Description | |
| 99.1 | News Release dated May 16, 2022 |
News Release
| Trading Symbols: TSX: SEA | For Immediate Release |
| NYSE: SA | May 16, 2022 |
Seabridge Gold Files First Quarter 2022 Report to Shareholders,
Financial Statements and MD&A
Toronto, Canada... Seabridge Gold (TSX: SEA, NYSE: SA) announced today that it has filed a Report to Shareholders and its Interim Financial Statements and Management's Discussion and Analysis for the three months period ended March 31, 2022 on SEDAR (www.sedar.com). These statements are also available on Seabridge's website at https://www.seabridgegold.com/investors/financial-reports.
Recent Highlights
- Secured US$225 million to fund KSM early-stage construction activities
- Entered into Agreement with BC Hydro to supply green, low-cost construction power to KSM
- KSM site capture and substantially started activities move to the next level
- Updated mineral resource estimates reported for KSM's Mitchell and East Mitchell deposits
- Drilling completed at the Snowstorm Project in Northern Nevada
During the three-month period ended March 31, 2022 Seabridge posted a net loss of $6.3 million ($0.08 per share) compared to a net loss of $4.3 million ($0.06 per share) for the same period last year. During the 1st quarter, Seabridge invested $10.1 million in mineral interests, property and equipment compared to $7.5 million during the same period last year. At March 31, 2022, net working capital was $294.2 million compared to $36.9 million at December 31, 2021.
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 located in the Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit Seabridge's website at http://www.seabridgegold.com.
None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.
Technical Information
Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press release, including any references to mineral resources or mineral reserves, was prepared in accordance with Canadian National Instrument 43-101 ("NI 43-101"), which differs significantly from the requirements of the U.S. Securities and Exchange Commission (the "SEC") applicable to U.S. domestic issuers. Accordingly, the scientific and technical information contained or referenced in this press release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of the SEC.
ON BEHALF OF THE BOARD
"Rudi Fronk"
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
416-367-9292 www.seabridgegold.com
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