Seabridge Gold Inc Share News

A “targeted” counterattack last night

Seabridge Gold is focused on developing its flagship asset, the KSM Project, in British Columbia. The company is seeking a strategic partner to secure project financing for the significant development CAPEX of the KSM Project. SA stock's performance is correlated with gold prices, with potential upside following bullish momentum in the price of the yellow metal.

Seabridge Gold Inc. has risen 15% on heavy volume in February despite weak gold-mining industry trading. The company offers tremendous leverage to gold and copper pricing with a resource base spread out over multiple projects, mostly in Canada.

This year is going to offer a lot of opportunities for risk seeking investors. The world of penny stocks is well known to be speculative and is usually the domain of investors possessing a risk seeking profile.

Seabridge Gold stock receives a Buy rating due to an improved outlook on gold prices. The company has shown impressive growth in gold resources compared to shares outstanding. I believe Seabridge Gold has the potential to benefit from a future recession and the safe haven properties of gold.

(Kitco News) - Rudi Fronk, chairman and CEO of Seabridge Gold, said his company offers significant leverage to rising metal prices.

During the three months that ended March 31, 2023, Seabridge Gold Inc. posted a net loss of $7.88 million ($0.10 per share). On May 11, 2023, Seabridge Gold entered a royalty agreement with Sprott Resource Streaming and Royalty Corp. for $150 million. I recommend buying a small position in Seabridge Gold between $11 and $10.35 with possible lower support at $10.

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