Seabridge Gold Inc. reported Q1 2026 net loss of $6.6 million versus $10.6 million net income in Q1 2025, with cash increasing to $126.9 million and shareholders' equity rising to $1.20 billion amid KSM project advancements and Courageous Lake spin-out progress.
Key takeaways
Net loss of $6.6 million or $(0.06) per share for Q1 2026 versus net income of $10.6 million or $0.11 per share in Q1 2025.
Cash and cash equivalents increased to $126,892 thousand from $117,528 thousand at December 31, 2025.
Total assets grew to $1,799,832 thousand from $1,767,849 thousand; shareholders’ equity to $1,202,775 thousand from $1,124,971 thousand.
Raised net $35.8 million through At-The-Market offering; shares outstanding at 107,621,305 as at March 31, 2026.
Remeasurement gain of $7.3 million on loss of significant influence over Paramount investment.
Courageous Lake assets classified as held for distribution for planned 2026 spin-out to Valor Gold Corp.