Seabridge Gold Files Second Quarter 2025 Report to Shareholders and its Financial Statements and MD&A

Executive Summary

• Seabridge Gold reported Q2 2025 net profit of $12.3 M ($0.12 per share), down from $45.2 M ($0.51 per share) YoY, primarily due to remeasurement of secured note liabilities.
• Capital expenditures increased to $21.1 M in the quarter, reflecting accelerated investment in mineral interests, property and equipment versus $12.6 M in Q2 2024.
• Net working capital improved to $103.1 M at June 30 2025 from $37.8 M at year‑end 2024, indicating a stronger liquidity position.

Key Details

• Financial Statements Filed: Report to Shareholders, Interim Financial Statements and MD&A for the three‑ and six‑month periods ended June 30 2025 filed on SEDAR+.
• Net Profit (Q2 2025): $12.3 M ($0.12/share).
• Net Profit (Q2 2024): $45.2 M ($0.51/share).
• Reason for Decline: Remeasurement of secured note liabilities (see Note 9 of the June 30 2025 financial statements).
• Quarterly Capital Expenditures: $21.1 M invested in mineral interests, property and equipment (vs. $12.6 M in Q2 2024).
• Net Working Capital: $103.1 M at June 30 2025 vs. $37.8 M at December 31 2024.
• Operational Highlights: Ongoing KSM field activities and partnership discussions; drilling at Iskut’s Snip North target confirms a large copper‑gold porphyry deposit; 2025 exploration program underway at 3 Aces.
• Additional Filings/Reports: 2024 Sustainability Report posted; response to petitions challenging substantially started designation; Chief Gold Commissioner rejected Tudor Gold’s application to rescind certain KSM tunnel rights.

Notable Quotes

• “Rudi Fronk, Chairman and CEO,” signed the release on behalf of the board. (No direct quote provided in the release.)