Ultime notizie per Seabridge Gold (NYSE:SA) Azioni

Seabridge Gold

Seabridge Gold Inc is a development stage company involved in the exploration, and development of gold properties sited in North America. The company's principal projects include the Kerr-Sulphurets-Mitchell property located in British Columbia, the Courageous Lake property located in the Northwest Territories, and Iksut Property located in northwestern British Columbia, and the 3 Aces Project in southeast Yukon. The company has various other mineral resource projects throughout North America.

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Shares of precious metals stocks are trading lower as gold prices fall after reports allege that Iran wants to de-escalate hostilities with Israel. Investor optimism about potential resolutions to regional tensions may drive a rotation out of safe-haven assets.

U.S. stock futures were higher this morning, with the Nasdaq futures gaining around 700 points on Monday.
Shares of Orla Mining Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORLA#NYSE">ORLA</a>) fell sharply in today's pre-market trading following <a href="https://www.benzinga.com/quote/ORLA/earnings">weak quarterly sales</a>.
Orla Mining posted adjusted earnings of 12 cents per share, beating market estimates of 10 cents per share. The company's quarterly sales came in at $140.67 million missing expectations of $163.19 million.
Orla Mining shares dipped 9.5% to $10.05 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul class="wp-block-list">
<li>ReShape Lifesciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSLS#NASDAQ">RSLS</a>) shares dipped 22.7% to $5.15 in pre-market trading. ReShape Lifesciences filed for mixed shelf offering of up to $50 million.</li>
<li>Global IBO Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIBO#NASDAQ">GIBO</a>) declined 20.1% to $5.58 in pre-market trading after jumping 102% on Friday.</li>
<li>Harmony Gold Mining Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HMY#NYSE">HMY</a>) fell 10.2% to $14.17 in pre-market trading.</li>
<li>AngloGold Ashanti plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) fell 10% to $40.30 in pre-market trading. AngloGold Ashanti shares gained 7% on Friday after the company reported better-than-expected first-quarter financial results.</li>
<li>Seabridge Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SA#NYSE">SA</a>) fell 9.4% to $11.38 in pre-market trading.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) shares declined 9.2% to $20.45 in pre-market trading.</li>
<li>IAMGOLD Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) dipped 8.7% to $6.40 in pre-market trading.</li>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) fell 6.9% to $7.30 in pre-market trading after gaining 12% on Friday.</li>
<li>Seabridge Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SA#NYSE">SA</a>) fell 6.6% to $11.79 in pre-market trading.</li>
</ul>
Now Read This: 
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<li><a href="https://www.benzinga.com/25/05/45315727/top-3-industrials-stocks-that-may-collapse-in-may">Top 3 Industrials Stocks That May Collapse In May</a></li>
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Orla Mining, ReShape Lifesciences And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Shares of Sable Offshore Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOC#NYSE">SOC</a>) rose sharply in today's pre-market trading after the company reported <a href="https://www.benzinga.com/quote/SOC">results for the first quarter.</a>
The company reported a net loss of $109.5 million for the quarter.
Sable Offshore shares jumped 12.6% to $25.90 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul class="wp-block-list">
<li>Jayud Global Logistics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JYD#NASDAQ">JYD</a>) rose 171.2% to $0.5896 in pre-market trading.</li>
<li>Next Technology Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) surged 161.8% to $6.18 in pre-market trading after jumping 661% on Friday. The company said as of March 31, it held ~5,833 Bitcoins with a carrying value of $481.7 million.</li>
<li>Metallus Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTUS#NYSE">MTUS</a>) gained 45.5% to $16.90 in pre-market trading. Metallus shares dipped 11% on Friday after the company reported mixed first-quarter financial results.</li>
<li>Taoping Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TAOP#NASDAQ">TAOP</a>) jumped 30.1% to $0.2129 in pre-market trading after dipping 19% on Friday.</li>
<li>DDC Enterprise Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DDC#NYSE">DDC</a>) gained 28.8% to $3.16 in pre-market trading after gaining 12% on Friday.</li>
<li>LQR House Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YHC#NASDAQ">YHC</a>) surged 22.5% to $2.44 in pre-market trading after gaining more than 5% on Friday.</li>
<li>Ryde Group Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RYDE#NYSE">RYDE</a>) climbed 18.8% to $0.2674 in pre-market trading.</li>
<li>Shuttle Pharmaceuticals Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SHPH#NASDAQ">SHPH</a>) gained 16.2% to $0.27 in pre-market. Shuttle Pharmaceuticals recently announced FDA orphan-drug nears patient enrollment milestone for phase 2 clinical trial.</li>
<li>Olema Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLMA#NASDAQ">OLMA</a>) gained 15.2% to $5.30 in pre-market trading.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
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<li>Abits Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABTS#NASDAQ">ABTS</a>) shares dipped 48.2% to $4.35 in pre-market trading after jumping 262% on Friday.</li>
<li>Nuvve Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVVE#NASDAQ">NVVE</a>) shares fell 37.7% to $1.73 in pre-market trading after surging 144% on Friday. Nuvve engaged Crypto Venture Group to accelerate digital asset strategy.</li>
<li>Incannex Healthcare Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IXHL#NASDAQ">IXHL</a>) shares fell 29.3% to $0.0801 in pre-market trading.</li>
<li>Siyata Mobile Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYTA#NASDAQ">SYTA</a>) fell 28.1% to $1.20 in pre-market trading after jumping 70% on Friday.</li>
<li>Global IBO Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIBO#NASDAQ">GIBO</a>) fell 24.1% to $5.30 in today's pre-market trading after jumping 102% on Friday.</li>
<li>ReShape Lifesciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RSLS#NASDAQ">RSLS</a>) shares tumbled 22.7% to $5.15 in pre-market trading. ReShape Lifesciences filed for mixed shelf offering of up to $50 million.</li>
<li>DevvStream Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DEVS#NASDAQ">DEVS</a>) fell 21.2% to $0.2634 in pre-market trading.</li>
<li>Shineco, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SISI#NASDAQ">SISI</a>) dipped 20.2% to $0.67 in pre-market trading after gaining more than 5% on Friday.</li>
<li>Seabridge Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SA#NYSE">SA</a>) declined 9.4% to $11.38 in pre-market trading.</li>
<li>Gold Fields Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>) fell 9.2% to $20.45 in pre-market trading.</li>
</ul>
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45315727/top-3-industrials-stocks-that-may-collapse-in-may">Top 3 Industrials Stocks That May Collapse In May</a> </li>
</ul>
Photo via Shutterstock

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Next Technology Holding Inc. - Ordinary Shares

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Why Sable Offshore Shares Are Trading Higher By 13%; Here Are 20 Stocks Moving Premarket

Canada expects British Columbia to drive the <a href="https://www.benzinga.com/topic/canada">next generation of mining investments</a>.
According to the <a href="https://mining.bc.ca/2025/05/2025-economic-impact-study/">2025 Economic Impact Study</a>, 27 projects could contribute up to $90 billion in economic activity.
The report, commissioned by the Mining Association of British Columbia (MABC) and prepared by Mansfield Consulting, outlines over $41 billion in direct investments. That includes 18 critical mineral, six precious metal, and three steelmaking coal mines. 
Over their lifetimes, these ventures could contribute $984 billion in cumulative economic output.
"B.C. has the minerals, precious metals and steelmaking coal the world needs," MABC CEO Michael Goehring said in a <a href="https://mining.bc.ca/2025/05/mining-will-secure-bcs-economic-future/">prepared statement</a>.
"Mining has the potential to drive a new wave of economic growth — creating jobs, strengthening local and First Nations communities, and generating revenues for government services," he added.
British Columbia boasts nearly 277,000 jobs supported during construction and over two million jobs through operations across Canada. Developers expect the projects to contribute over $421 billion in GDP during operation within the region alone.
Over time, the activity would generate $87.8 billion in provincial taxes and $69.2 billion in federal taxes, bolstering public services. The study urges regulatory reform under newly elected Prime Minister Mark Carney.
Industry reaction to Carney's proposals has been largely positive but cautious. According to MAC President Pierre Gratton, the Mining Association of Canada (MAC) praised his platform for proposing "trade-enabling infrastructure investments, new and expanded tax measures, and support for Indigenous participation.&#8221; 
However, Carney&#8217;s ambiguity on Indigenous consent processes has raised concerns about implementation timelines, which are critical to moving projects forward responsibly and swiftly.
Australia Prime Minister Anthony Albanese faces a similar situation. The mining industry urges the re-elected PM <a href="https://www.benzinga.com/news/global/25/05/45200748/australias-miners-strike-policy-gold-with-labor-reelection-whats-next">to realign</a> with the current global market dynamic.
British Columbia's projects span a diverse resource base. Critical mineral developments include the Baptiste from FPX Nickel (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/FPOCF#OTCQB">FPOCF</a>), Seabridge Gold's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SA#NYSE">SA</a>) KSM copper-gold mine, and Giga Metals' (OTCQB:<a class="ticker" href="https://www.benzinga.com/stock/GIGGF#OTCQB">GIGGF</a>) Turnagain project.
The Baptiste project, for example, could position Canada as a leading supplier of nickel for EV batteries. Meanwhile, with 47.3 million ounces of gold, KSM is one of the largest undeveloped deposits in the world. Turnagain stands out for its carbon-efficient processing technology and potential for low-emission nickel production. Developers expect these projects to attract billions in supplier contracts and generate long-term employment, particularly in rural and Indigenous communities.
"The responsible development of BC's critical minerals, precious metals, and steelmaking coal resources can secure BC's economic future, resiliency and long-term prosperity. It's time to get more mines built," Goehring concluded.
Read Next:<a href="https://www.benzinga.com/news/guidance/25/05/45191672/bhp-lundin-venture-confirms-largest-greenfield-copper-find-in-30-years"> </a>
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<li><a href="https://www.benzinga.com/news/guidance/25/05/45191672/bhp-lundin-venture-confirms-largest-greenfield-copper-find-in-30-years">BHP-Lundin Venture Confirms Largest Greenfield Copper Find In 30 Years</a></li>
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Image: Shutterstock

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British Columbia Mining Surge Could Add $90B To Canadian Economy: Study

Billionaire investor John Paulson and NovaGold Resources, Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) have agreed to purchase a significant stake in the Donlin Gold project in Alaska. Barrick Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>) will sell its entire 50% interest in the project <a href="https://www.benzinga.com/25/04/44927342/novagold-partners-inks-deal-with-barrick-gold-boosts-stake-in-donlin-project-for-1-billion">for $1 billion in cash.</a>
The Details: Novagold will purchase a 10% stake in Donlin Gold for $200 million, raising its ownership to 60% from 50%.
Paulson &amp; Co. will acquire the remaining 40% for $800 million, becoming a full and equal partner in managing the Donlin Gold project.
The Donlin Gold Project is a planned mining operation located in Alaska, with estimated gold reserves of approximately 39 million ounces — making it one of the world's largest undeveloped gold deposits.
Read Next:<a href="https://www.benzinga.com/general/health-care/25/04/44869920/unitedhealth-ceo-says-high-cost-of-us-health-care-simply-not-sustainable"> UnitedHealth CEO Says High Cost Of US Health Care &#8216;Simply Not Sustainable&#8217;&nbsp;</a>
Paulson, who has several notable investments in gold miners, called Donlin Gold "one of the most attractive development gold projects in the world."&nbsp;
"With 39 million ounces of gold at double the industry average grade, and an optimal location in the prime jurisdiction of Alaska — already the second largest gold-producing state in the United States — we believe that the project could create value for decades to come," Paulson added.&nbsp;
Paulson's Gold Miners: The billionaire investor's hedge fund Paulson &amp; Co. also holds a 37% stake in International Tower Hill Mines Ltd. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/THM#AMEX">THM</a>) and a $264.3 million stake in Perpetua Resources Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPTA#NASDAQ">PPTA</a>). 
Trilogy Metals Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TMQ#AMEX">TMQ</a>), Seabridge Gold, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SA#NYSE">SA</a>), Equinox Gold Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EQX#AMEX">EQX</a>) and Iamgold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) round out the remainder of the firm&#8217;s miner holdings. 
Paulson has been building his miners portfolio for many years and is well-positioned to benefit from the soaring price of gold.&nbsp;
Gold Rally: Gold has surged more than 30% in 2025, reaching $3,490 per ounce on Tuesday and setting a new record high price. 
In fact, Monday's 3%-plus gold rally was the fifth time in the past 10 trading days that gold climbed at least 2% in a single day. The only periods that experienced a higher frequency of 2%-plus daily moves in the past 50 years were in January and June 1980, according to Bespoke Investment Group.
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Photo: Shutterstock

Hedge Funds

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Billionaire John Paulson Buys $800 Million Stake In Alaskan Gold Mine As Gold Hits Record Highs

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Shares of gold stocks are trading higher amid a rally in the value of the commodity past the price of $3300 and towards an all-time high.

Hycroft Mining Holding Corporation - Class A Common Stock

HYMC

Shares of precious metals stocks are trading higher as gold and silver gain amid macro uncertainty.

SBWFF

Shares of precious metals stocks are trading lower as global markets continue to decline following President Trump's announcement of sweeping tariffs.The sector is also under pressure amid a rise in the U.S. dollar.

The price of gold blew past the $3,000 mark in early trading Friday as investors navigate market turbulence driven by escalating trade tensions and economic uncertainty. Billionaire hedge funder John Paulson has stacked his <a href="https://www.benzinga.com/25/03/44325928/gold-smashes-through-3000-mark-as-markets-brace-for-turbulence-and-fed-signals">portfolio with gold miners.&nbsp;</a>
According to Paulson &amp; Company's latest 13F filing, the fund increased its position in International Tower Hill Mines Ltd. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/THM#AMEX">THM</a>) in the fourth quarter, adding over six million shares. The recent buys brought Paulson's total holdings to more than 70 million shares and a 37% stake in the mining company. 
Read Next: <a href="https://www.benzinga.com/government/regulations/25/03/44310724/doge-cuts-to-ftc-sow-confusion-in-case-against-amazon">DOGE Cuts To FTC Sow Confusion In Case Against Amazon</a>&nbsp;
International Tower Hills Mines holds interests in the Livengood Gold Project, located northwest of Fairbanks, Alaska, in the Tolovana mining district within the Tintina gold belt. The company's stock has climbed more than 40% over the past month as the price of gold rallied. 
Other Miner Holdings: Paulson &amp; Co.&#8217;s other gold miner holdings include a $264.3 million stake in Perpetua Resources Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPTA#NASDAQ">PPTA</a>) and a $111 million stake in Novagold Resources Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>). 
Trilogy Metals Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TMQ#AMEX">TMQ</a>), Seabridge Gold, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SA#NYSE">SA</a>), Equinox Gold Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EQX#AMEX">EQX</a>) and Iamgold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) round out the remainder of Paulson&#8217;s gold mining holdings. 
Paulson talked about de-dollarization and the benefits of owning gold in a 2023 <a href="https://www.alainelkanninterviews.com/john-paulson/">interview</a> with Alain Elkann.&nbsp;
"There has been a significant increase in demand from central banks to replace dollars with gold, and we're just at the beginning of that trend. Gold will go up and the dollar will go down, so you'd be better off keeping your investment reserves in gold at this point," Paulson said.&nbsp;
The SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) ETF, which tracks the price of gold bullion, has gained nearly 40% over the past year.
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Image: Shutterstock&nbsp;

Equities

Billionaire Hedge Funder Adds Mining Stocks Before Gold Makes Record-Highs: 'Gold Will Go Up,' Paulson Says

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Shares of companies within the broader materials sector are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment, which may also be weighing on the industry.

Seabridge Gold Inc. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SEA#TSX">SEA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SA#NYSE">SA</a>) ("Seabridge" or the "Company") announced today it has entered into an agreement with RBC Capital Markets and Cantor Fitzgerald Canada Corporation (together the "Co-Lead Underwriters"), as co-lead underwriters and joint bookrunners on behalf of a syndicate of underwriters (collectively, the "Underwriters"), to purchase, on a bought deal basis, 6,540,000 common shares of the Company (the "Offered Shares") at the price of US$12.25 per Offered Share (the "Issue Price") for aggregate gross proceeds of approximately US$80 million (the "Offering"). The Underwriters will have an option to purchase up to an additional 15% of the Offered Shares issued in the Offering at the Issue Price to cover over-allotments, exercisable in whole or in part, at any time until 30 days after the closing of the Offering.
Concurrent with the Offering, Seabridge has also entered into a subscription agreement with a strategic investor (the "Strategic Investor") to purchase 1,640,000 common shares of the Company on substantially the same terms as the Offering for aggregate gross proceeds of approximately US$20 million (the "Private Placement"). Seabridge expects to raise aggregate gross proceeds of approximately US$100 million (equivalent to approximately C$143 million) between both the Offering and the Private Placement (together, the "Financing").

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Seabridge Gold Announces $80M Offering Of 6.54M Shares At $12.25 Each With RBC Capital, Cantor Fitzgerald; $20M Private Placement With Strategic Investor

Billionaire hedge fund manager John Paulson appears to be bullish on gold miners as his fund, Paulson &amp; Co., holds <a href="https://www.benzinga.com/24/12/42598636/gold-falls-sharply-lamb-weston-shares-plunge">several mining stocks.&nbsp;</a>
What To Know: Paulson is well-known for betting against the housing market in 2006 and profiting about $20 billion when subprime mortgage bonds collapsed. He has been gathering gold mining stocks for years and with the price of gold <a href="https://www.benzinga.com/government/24/09/41043392/harris-vows-to-push-america-forward-stockpile-critical-minerals">climbing more</a> than 29% in 2024, investors may be interested in which companies Paulson &amp; Co. holds.&nbsp;
Read More: <a href="https://www.benzinga.com/general/social-media/24/12/42598651/mystery-drone-sightings-all-over-the-country-trump-says-what-to-know-about-investigations-lawmakers-reactions">&#8216;Mystery Drone&#8217; Sightings Spark Investigations, Politicians Respond: &#8216;Shoot Them Down,&#8217; Trump Says</a>
Paulson's Holdings: The Paulson &amp; Co. fund is heavily invested in mining stocks which together make up more than 33% of the total portfolio. Paulson's other holdings include mostly shares of healthcare and financial services companies.&nbsp;
According to the fund's most recent 13F<a href="https://www.sec.gov/Archives/edgar/data/0001035674/000101359424000980/xslForm13F_X02/primary_doc.xml"> filing</a>, Paulson &amp; Co.'s largest gold miner holding is a $231.6 million stake in Perpetua Resources Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PPTA#NASDAQ">PPTA</a>), a development-stage mining company primarily focused on the exploration and restoration of the Stibnite Gold Project in Idaho.&nbsp;
Perpetua Resources stock is up nearly 300% in 2024.&nbsp;
The fund also holds a $111 million stake in Novagold Resources Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/NG#AMEX">NG</a>) which owns 50% of the Donlin Gold project located in southwestern Alaska.&nbsp;
International Tower Hill Mines, Ltd. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/THM#AMEX">THM</a>), a gold miner with mines in Canada, Mexico, Finland, and Australia, is one of two penny stock holdings found in Paulson's fund. The other is Trilogy Metals Inc. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/TMQ#AMEX">TMQ</a>) with mineral resource properties including the Upper Kobuk Mineral Projects in Alaska.&nbsp;
Seabridge Gold, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SA#NYSE">SA</a>), Equinox Gold Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EQX#AMEX">EQX</a>) and Iamgold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>) round out the remainder of Paulson's gold mining holdings. 
Notably, the fund closed its position in AngloGold Ashanti Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>), selling nearly 2 million shares in the third quarter of 2024.&nbsp;
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Image: Shutterstock

Billionaire John Paulson Bullish On Gold Miners, Including This Penny Stock

Tsetsaut Skii km Lax Ha Nation Files For Judicial Review Of B.C.'s Substantial Start Determination For Seabridge Gold's KSM Mine; Despite Seabridge's Plan To Locate The Mine's Immense Toxic Waste Facilities On The Nation's Exclusive Traditional Territory, The Province Has Not Engaged In The Meaningful Consultation Required By The Canadian Constitution

USGO

Shares of precious metals stocks are trading lower as gold prices drop amid a rise in the US dollar.

Shares of precious metals stocks are trading lower as gold and silver drop amid a rise in the US dollar.

Shares of gold companies are trading higher following a spike in the price of the safe haven asset after Iran launched a missile attack on Israel.

Shares of gold companies are trading higher after the price of the commodity reached all-time highs following last week's Fed rate cut.

Shares of precious metals stocks are trading higher as gold and silver rise after the Fed on Wednesday cut rates by 50 basis points.

Shares of gold stocks are trading higher in sympathy with overall market sentiment after the Fed policy decision to cut rates by 50 basis points.

Source: <a href="https://www.streetwisereports.com/article/2024/05/14/markets-giving-tailwinds-to-gold-co-with-massive-bc-project.html?utm_medium=feed">Streetwise Reports 05/14/2024</a>
Seabridge Gold Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/sa#NYSE">SA</a>) is sharing its highlights and financials for the quarter ending March 31 with shareholders, noting its application for &quot;substantially started&quot; status for its KSM project and exploration plans for its Iskut and 3 Aces projects.
Seabridge has worked diligently toward fulfilling the requirements needed to earn the substantially started designation for KSM, with which its Environmental Assessment Certificate would remain valid for its life.
Recent moves in the gold and copper markets are providing tailwinds for the company&#39;s stock as it searches for a partner for the massive gold and copper project in British Columbia. Seabridge went from a six-month low of CA$12.75 per share to as high as CA$23 on April 12. It was at CA$20.86 per share on Tuesday.
Gold and copper are breaking higher so far this year &mdash; especially gold, which is up more than 15% so far this year and went up 1% to US$2,362.49 per ounce Friday, Reuters reported. The spot price was US$2,348.63 on Tuesday.
&quot;We&#39;re starting to see the benefit of higher gold prices and our share price should also be reacting to copper prices&quot; Seabridge Chairman and Chief Executive Officer Rudi Fronk told Streetwise Reports during a recent interview. &quot;A successful KSM joint venture clearly will be the biggest driver of value for us going forward. And we&#39;re diligently working on trying to get the joint venture done with the right partner under the right terms.&quot;
Companies are recognizing that that they need new projects, especially in the copper space, Fronk said, which makes KSM even more valuable.
&quot;And here sits KSM, the largest undeveloped gold and copper project in the world, as measured by reserves and resources in a safe jurisdiction with permits in hand and support of the local indigenous peoples&quot; Fronk said. &quot;So, KSM checks a lot of boxes.&quot;
<h2>The Catalyst: Gold Levels Could &#39;Shock People&#39;</h2>
Fronk has headed the company since 1999. He said he&#39;s seeing something different in the gold market this year. Typically, a strong dollar tends to get in the way of gold. But Fronk said gold is flowing from the West to the East, with some nations increasing their ownership as a reserve currency, worried about the U.S. weaponizing the dollar.
He noted in a blog entry on Seabridge&#39;s website called &quot;Gold Market Update: The West Is Losing Control of the Gold Price&quot; that central banks are now the biggest gold buyers, and &quot;gold is replacing dollar denominated assets in central bank reserves.&quot;
<blockquote class="callOut left">The company &quot;offers among the highest torque to underlying gold prices&quot; wrote Mike Kozak, Cantor Fitzgerald analyst, in an April 29 industry report.</blockquote>
Fronk said he thinks gold will go to levels &quot;that I think will shock people.&quot; He also said that Seabridge is a great way to get exposure to higher gold prices if you compare its resources and reserves in the ground vs. its stock price.
&quot;If you play the numbers and just look at all the metal we have in the ground in terms of resources, (such as) gold, copper, silver, and molly (molybdenum), and take today&#39;s metal prices for those for metals, and take our shares outstanding, each one of our shares is backed by over $6,000 of metal in the ground per share&quot; Fronk said.
The company &quot;offers among the highest torque to underlying gold prices&quot; wrote Mike Kozak, Cantor Fitzgerald analyst, in an April 29 industry report.
KSM is &quot;one of the largest, undeveloped gold-copper projects in the world&quot; Red Cloud Securities Analyst Taylor Combaluzier described in an April 12 research note.
<h2>Goals for 2024</h2>
At the top of the company&#39;s list of goals for 2024 is finding a joint venture partner for KSM. The company has noted that RBC Capital Markets is running a formal search process.
Lucas N. Pipes of B. Riley Securities, who has rated the stock a Buy with a target price of US$60 per share, wrote that Seabridge has &quot;a clear vision for a potential partnership agreement&quot; for the project, as it runs a formal search process.
It&#39;s only a matter of time before KSM attracts possible partners, said wrote Chris Temple, author and editor of The National Investor.
&quot;Even some &#39;experts&#39; in the precious metals space are WAY behind in their understanding of just what kind of world-class monster Seabridge&#39;s flagship KSM Project in British Columbia&#39;s Golden Triangle has become&quot; wrote Temple, who said he was &quot;table-pounding bullish&quot; on the stock, and not just because of KSM.
But when it comes to exploration, Fronk said this year is about growing resources at two other projects: Iskut, which is about 30 kilometers from KSM in BC, and 3 Aces in the Yukon.
Seabridge plans a 15,000-meter core drilling campaign at Iskut, where it will be looking at expanding the Bronson Slope mineral resource and its discovery in 2023 of similar mineralization at Snip North with three helicopter-portable drill rigs with a budgeted cost of CA$12 million. Work at 3 Aces will include drilling, geophysical surveys, surface mapping, and reclamation efforts.
<h2>Q1 Financials</h2>
Seabridge also announced that during the quarter ending March 31, it posted a net loss of CA$8.2 million, or CA$0.09 per share, compared to a net loss of CA$10.8 million or CA$0.13 per share for the same period in 2023.
The company said it invested CA$39.3 million in mineral interest project spending compared to CA$48.6 million in first quarter of 2023.
As of March 31, 2024, net working capital was CA$43.2 million compared to CA$54.5 million on December 31, 2023.
<h2>Ownership and Share Structure</h2>
Reuters provided a breakdown of the company&#39;s ownership and share structure, where management and insiders own approximately 3% of the company. According to Reuters, CEO and Chairman Rudi P. Fronk owns 1.41% of the company with 1.23 million shares.
Reuters reports that institutions own about 55% of the company. According to Reuters, Friedberg Mercantile Group Ltd. owns 13.34%, National Bank of Canada owns 5.15%, Van Eck Associates Corp. owns 4.2%, Kopernik Global Investors, L.L.C. owns 3.64%, Paulson &amp; Co. Inc. owns 2.36%, and Sprott Asset Management L.P. owns 1.14%.
According to Reuters, there are 86.22 million shares outstanding with 85.21 million free float traded shares, while the company has a market cap of CA$1.76 billion and trades in a 52-week range of CA$12.62 and CA$23.
Important Disclosures:
<ol>
<li>Seabridge Gold Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
<li>Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>

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