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GIGA Metals

Seabridge Gold Files Second Quarter Report to Shareholders and its Financial Statements and MD&A

  • Financial Results & Earnings

TSX: SEA
www.seabridgegold.net

Mr. Rudi Fronk reports:

TORONTO, Aug. 09, 2018 (GLOBE NEWSWIRE) -- Seabridge Gold (TSX:SEA) (NYSE:SA) reported today that it has filed its Report to Shareholders, Interim Financial Statements and Management’s Discussion and Analysis for the three and six months ended June 30, 2018 on SEDAR (www.sedar.com). To view the Report on the Company’s website, please see: www.seabridgegold.net/sharefinrep.php.

Recent Highlights

  • Two new gold zones discovered at Courageous Lake
  • Drill program commences at KSM designed to grow higher-grade Iron Cap resources
  • First Seabridge exploration program initiated at Snowstorm gold project in Nevada
  • Balance Sheet Strengthened with Closing of $19.7 Million Flow-Through Financing 

During the three-month period ended June 30, 2018 Seabridge posted a net loss of $2.4 million ($0.04 per share) compared to a loss of $1.7 million ($0.03 per share) for the same period in 2017. During the 2nd quarter, Seabridge invested $7.4 million in mineral interest project spending compared to $5.8 million in the second quarter of 2017.  At June 30, 2018, net working capital was $27.7 million compared to $19.6 million at December 31, 2017.

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 www.seabridgegold.net/resources.php.

Neither the Toronto Stock Exchange, New York Stock Exchange, nor their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release.

All resource estimates reported by the Corporation were calculated in accordance with the Canadian National Instrument 43-101 and the Canadian Institute of Mining and Metallurgy Classification system. These standards differ significantly from the requirements of the U.S. Securities and Exchange Commission. Mineral resources which are not mineral reserves do not have demonstrated economic viability.

ON BEHALF OF THE BOARD
Chairman & 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:  This email address is being protected from spambots. You need JavaScript enabled to view it.

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Seabridge Gold

ADD TO WATCH LIST
Last Trade: C$18.10
Daily Change: 0.34 1.91
Daily Volume: 59,441
Market Cap: C$1.040B
January 25, 2019
Seabridge Gold Files Preliminary Shelf Prospectus and Registration Statement
December 18, 2018
Seabridge Gold Identifies New Porphyry Target at Iskut
December 14, 2018
Seabridge Gold Receives $3.5 Million in Option Exercise
December 12, 2018
Seabridge Gold Successfully Extends Iron Cap Deposit's High Grade Core Zone Down Plunge to the Northwest
November 26, 2018
Seabridge Gold Closes $14.0 Million Private Placement
November 14, 2018
Seabridge Gold Files Third Quarter Report to Shareholders and its Financial Statements and MD&A
November 09, 2018
Seabridge Gold Secures $14.0 Million Private Placement
October 30, 2018
Seabridge Gold Drilling Successfully Expands Iron Cap Deposit at KSM
September 24, 2018
Seabridge Gold’s KSM Program Confirms Key Geotech/Reserve Data and Extends Iron Cap Deposit
August 21, 2018
Seabridge Gold Begins Drilling Quartz Rise Target on Iskut Project
June 28, 2018
Seabridge Gold Reports on Results of Annual Meeting of Shareholders
June 12, 2018
Seabridge Initiating $1.35 Million Exploration Program to Define Drill Targets for Snowstorm Gold Project in Northern Nevada
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Pacific Empire Minerals

Pacific Empire Minerals

Pacific Empire Minerals is focused on exploring gold-rich copper prospects in British Columbia utilizing the prospect generator business model. The Company identifies early-stage exploration opportunities and advances the projects with the Company’s own reverse circulation drill, allowing for minimal costs while advancing the projects to a stage beyond that of traditional prospect generators. The Company’s strong portfolio of assets is a result of continuous generative work conducted since... VIEW PROFILE

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