Seabridge Gold Inc. engages in the acquisition, exploration, engineering and permitting of gold and copper properties in North America. Its principal projects are the 100%-owned KSM and Iskut projects located in northwest British Columbia, Canada’s “Golden Triangle”; the Courageous Lake property situated in Northwest Territories, Canada; the Snowstorm project located on the Getchell Gold Belt of Northern Nevada; and the 3 Aces project located in the Yukon Territory, Canada.
An updated Preliminary Feasibility Study on KSM estimates proven and probable reserves totalling 47.3 million ounces of gold, 7.3 billion pounds of copper and 160 million ounces of silver. The study projects a 33 year, open-pit only mine life, generating an after tax net present value (at 5%) of US$7.9 billion and a life of mine total cost (including all capital, reclamation and closure costs) of US$601 per ounce of gold produced after base metal credits. Over the 33-year mine life, average annual metal production is estimated at 1.0 million ounces of gold, 178 million pounds of copper and 3.0 million ounces of silver.
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