Seabridge Gold filed Q1 2026 financial statements reporting a $6.6 million net loss versus $10.6 million profit in Q1 2025, with working capital rising to $131.3 million after $35.8 million ATM raise.
Key takeaways
Q1 2026 net loss of $6.6 million ($0.06 per share) vs. Q1 2025 net profit of $10.6 million ($0.11 per share), driven by non-cash revaluations and higher expenses.
Invested $22.3 million in mineral interests and equipment in Q1 2026, up from $14.3 million in Q1 2025 due to KSM Project activity.
Working capital at March 31, 2026 reached $131.3 million, up $21.5 million from December 31, 2025 after $35.8 million net ATM proceeds.
Recent highlights include 2026 objectives, KSM partnership positioning, updated KSM resources, Snip North maiden resource, Courageous Lake spin-out vote.
Holds 100% interest in KSM, Bronson Corridor, Courageous Lake, Snowstorm, and 3 Aces gold projects.