Seabridge Gold (SEA) Investor presentation summary
Event summary combining transcript, slides, and related documents.
Investor presentation summary
6 Aug, 2026Track record and strategy
Over 20 years of growing gold ounces in the ground faster than share dilution, with a 1,168% increase in gold resources versus a 290% increase in shares outstanding since 2003.
Ranks first among North American gold companies in gold reserves and resources per share.
Delivers superior leverage to both gold and copper prices, outperforming peers in reserves/resources per share.
Demonstrated exceptional shareholder value creation, with a 20,000% return since 1999, far outpacing gold and major gold equities.
Project portfolio and development
Owns 100% of KSM, one of the world's largest undeveloped gold/copper projects, with 96M oz M&I and 84M oz inferred gold resources, and 10M tonnes M&I plus 19M tonnes inferred copper resources.
KSM has received all key environmental approvals and achieved Substantially Started status, securing permits for the project's life.
Over $500M invested in early works at KSM, including infrastructure, with significant First Nations partnerships.
Additional 100%-owned projects include Bronson Corridor (expanded to 14.6M oz Au inferred), 3 Aces (district-scale, high-grade gold), and Snowstorm (early-stage, major discovery potential in Nevada).
KSM project economics and milestones
2022 PFS outlines a 33-year mine life using less than 20% of current resources, with average annual production of over 1M oz gold and 178M lbs copper.
Base case NPV of $7.9B and IRR of 16.1% at $1,742/oz gold and $3.53/lb copper; spot case NPV of $33.3B and IRR of 34.9% at higher prices.
Achieved Substantially Started designation in July 2024, upheld by courts in 2026, with ongoing consultation with TSKLH.
Extensive infrastructure in place: power, roads, bridges, camps, and fish habitat completed.
JV discussions advancing with major mining companies, with a window now open for partnership.
Latest events from Seabridge Gold
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Corporate presentation