Seabridge Gold Files First Quarter 2021 Financial Statements and MD&A Toronto, Canada ...
106 Front Street East, Suite 400, Toronto, ON M5A 1E1, Canada
Telephone: 416 -367-9292 www.seabridgegold. com
NEWS RELEASE
Trading Symbols: TSX: SEA FOR IMMEDIATE RELEASE
NYSE: SA May 13, 2021
Seabridge Gold Files First Quarter 2021 Financial Statements and MD&A
Toronto, Canada ... Seabridge Gold (TSX: SEA ) (NYSE: SA) announced today that it has filed its Interim Financial
Statements and Management’s Discussion and Analysis for the three months period ended March 31, 2021 on SEDAR
(www.sedar.com). These statements , along with its recently filed 2020 Annual Report to shareholders , are also
available on Seabridge’s website at https://www.seabridgegold.com/investors/financial-reports. The theme of this
year’s Annual Report is “Gold and Green” which recognizes that our company’s immense copper resource rivals our
gold resource in value and establishes Seabridge as a major potential contributor to a low -carbon future for Canada
and the world.
During the three -month period ended March 31, 2021 Seabridge posted a net loss of $ 4.3 million ($0.06 per share)
compared to a loss of $ 3.2 million ($0.05 per share) for the same period in 2020. During the 1 st quarter, Seabridge
invested $7.1 million in mineral interests project spending compared to $4.5 million in the 1st quarter of 2020. At March
31, 2021, net working capital was $ 33.2 million compared to $36.0 million at December 31, 2020. Subsequent to the
quarter end, Seabridge strengthened its balance sheet by completing the sale of its residual interest in the Red
Mountain project for US$18.0 million in cash.
Seabridge holds a 100% interest in several North American gold projects. Seabridge's assets include the KSM and Iskut
projects located near Stewart, British Columbia, Canada, the Courageous Lake project located in Canada's Northwest
Territories, the Snowstorm project in the Getchell Gold Belt of Northern Nevada and the 3 Aces project located in the
Yukon Territory. For a full breakdown of Seabridge's mineral reserves and mineral resources by category please visit
Seabridge's website at http://www.seabridgegold.com.
None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility fo r the adequacy or accuracy of this
release.
Technical Information
Unless otherwise indicated, the technical and scientific disclosure contained or referenced in this press release, including any references to mineral resources or
mineral reserves, was prepared in accordance with Canadian National Instrument 43-101 ("NI 43-101"), which differs significantly from the requirements of the
U.S. Securities and Exchange Commission (the "SEC") applicable to U.S. domestic issuers. Accordingly, the scientific and technical information contained or
referenced in this press release may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements
of the SEC.
ON BEHALF OF THE BOARD
"Rudi Fronk"
Chairman and C.E.O.
For further information please contact:
Rudi P. Fronk, Chairman and C.E.O.
Tel: (416) 367-9292 • Fax: (416) 367-2711
Email: [email protected]