• Seabridge Gold swung to a net loss of $6.6 million, or $0.06 per share, for the three months ended March 31, 2026, from a net profit of $10.6 million, or $0.11 per share, a year earlier.
• The result was driven largely by non-cash revaluation movements on secured notes, higher corporate and administrative expenses, partially offset by a non-cash revaluation gain on its investment in Paramount Gold.
• Investment in mineral interests, property and equipment climbed to $22.3 million from $14.3 million, reflecting increased activity at the KSM project.
• Working capital rose to $131.3 million at March 31, 2026, up from $109.8 million at Dec. 31, 2025, following $35.8 million raised net of fees through its ATM program.
• Operational updates included updated KSM mineral resources using metal prices consistent with most Tier 1 miners, a maiden mineral resource at Snip North, steps toward a Courageous Lake spin-out, and an update on the legal status of the Mitchell Treaty Tunnels.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Seabridge Gold Inc. published the original content used to generate this news brief on May 22, 2026, and is solely responsible for the information contained therein.