Trading Symbols:
TSX: SEA
NYSE:
SA
TORONTO,
May 14, 2015 /PRNewswire/
- Seabridge Gold reported today that it has filed its
Financial Statements and Management's Discussion and Analysis for
the three months ended March 31, 2015
on SEDAR.
The Company incurred a net loss for the three
months ended March 31, 2015 of
$2.5 million or $0.05 per share compared to a net loss of
$2.4 million or $0.05 per share in the comparative period ended
March 31, 2014. In the first quarter
of 2015, the Company spent $2.4
million on the KSM project analyzing the results of the 2014
drilling and exploration program and preparing for the 2015 program
as well as co-ordinating the work of the independent geotechnical
review board established to review and consider the structural
stability and integrity of the project's proposed tailings
management facility and water storage dam. Subsequent to the
quarter end, the Company closed a $16.4
million private placement of flow-through shares,
substantially enhancing the working capital position.
To view the March 31,
2015 interim financial statements and management's
discussion and analysis on the Company's website, please see:
www.seabridgegold.net/sharefinrep.php
The Company's principal assets are the 100% owned
KSM property located near Stewart,
British Columbia, Canada and the 100% owned Courageous Lake
gold project located in Canada's
Northwest Territories. For a
breakdown of Seabridge's mineral resources by project and resource
category please visit the Company's website at
www.seabridgegold.net/resources.php.
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
"Rudi
Fronk"
Chairman & C.E.O.
SOURCE Seabridge Gold Inc.