Seabridge spent $137M on projects even as annual loss hit $53.2M

NodeGuardian · 2026-04-07T22:36:53+00:00

Seabridge Gold faced a net loss of $53.2 million in 2025, up from $31.2 million in 2024, mainly due to a non-cash loss. Despite this loss, the company invested significantly in projects and maintained strong working capital.

NodeGuardian

2026-04-07 22:36:53

Abstract generation in progress

Seabridge Gold reported a net loss of $53.2 million for 2025, an increase from $31.2 million in 2024, primarily due to a $60.1 million non-cash remeasurement loss on Secured Notes. Despite the loss, the company invested $137.0 million in mineral interests, property, and equipment, and maintained a net working capital of $109.8 million. Key initiatives include advancing the BC Hydro switching station for the KSM project and proposing a spin-out of the Courageous Lake project into Valor Gold Corp.

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