Seabridge Gold Inc 6-K, filed Nov 12, 2021
Seabridge Gold Inc (SA)
About this 6-K
Seabridge Gold Inc filed this 6-K on November 12, 2021.
UNITED 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 November 2021
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: November 10, 2021 | ||
EXHIBITS
| Exhibit | Description | |
| 99.1 | News Release dated November 10, 2021 |
News Release
| Trading Symbols: TSX: SEA | For Immediate Release |
| NYSE: SA | November 10, 2021 |
Seabridge Gold Files Third Quarter Report to Shareholders and its
Financial Statements and MD&A
Toronto, Canada… Seabridge Gold (TSX:SEA) (NYSE:SA) announced today that it has filed its Report to Shareholders, Interim Financial Statements and Management's Discussion and Analysis for the three and nine months ended September 30, 2021 on SEDAR (www.sedar.com). To view the Report on the Company's website, please see: https://www.seabridgegold.com/investors/financial-reports.
Recent Highlights
- Completed field activities at KSM to incorporate Snowfield deposit into new 2022 PFS
- Continuation of early KSM site capture activities
- Key additions made to senior management team
- Drilling continues at Snowstorm
- Drilling at Iskut continues to point towards potential large gold-copper porphyry system
- Maiden exploration program at 3 Aces identifies drill targets
Covid-19 Safety
The Company planned and executed its exploration and development work at KSM, Iskut, Snowstorm and 3 Aces projects under the same successful COVID-19 protocols it implemented in 2020. Management effectively operated its camps within the safety and testing protocols it implemented to ensure the safety of personnel, contractors, communities and First Nations. These protocols reduced the work that could be accomplished but provided a safe environment for our personnel.
Financial Results
During the three-month period ended September 30, 2021 Seabridge posted a net loss of $0.8 million ($0.01 per share) compared to a net earnings of $5.0 million ($0.07 per share) for the same period last year. During the 3rd quarter, Seabridge invested $25.6 million in mineral interests, compared to $12.0 million during the same period last year. At September 30, 2021, net working capital was $41.6 million compared to $36.0 million at December 31, 2020.
Seabridge Gold holds a 100% interest in several North American gold resource projects. The Company's principal assets are the KSM and Iskut properties located near Stewart, British Columbia, Canada and the Courageous Lake gold project located in Canada's Northwest Territories. For a breakdown of Seabridge's mineral reserves and resources by project and category please visit the Company'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: info@seabridgegold.com