Seabridge Gold

SA

Seabridge Gold is a Canadian company that is pursuing the development of the Kerr Sulphurets Mitchell gold-silver-molybdenum-copper mine in northwest British Columbia. Headquartered in Toronto, the company is listed on the Toronto Stock Exchange and the New York Stock Exchange. The company was founded in 1979 as a mining company but, in 1998, re-organized to pursue exploration and development of gold deposits and in 2016 merged with SnipGold Corp. (formerly Skyline Gold Corporation). Of the mineral properties acquired between 2000 and 2002, the Kerr Sulphurets Mitchell project emerged as its core asset. The project advanced through its feasibility study, and received its environmental assessment approval in 2014, but at an estimated $4.7 billion to build, the mine has remained in planning phases. Seabridge also owns several other mineral exploration properties, including the Iskut project also in northwest BC, the Courageous Lake project in Northwest Territories, and several properties in Nevada and Oregon.

Seabridge Gold has been a target of short sellers for a while. The current short interest of 4.20% is roughly at the average of the last 12 months (4.50%).