$SA

Canada’s TSX Composite fell 62.7 points to 35,212.14 as health-care and resources weighed on the market. Curaleaf dropped 9.1% and Bausch Health fell 1.9%. In tech, Microsoft slid about 1% after job cuts, while Dell rose over 4% after a White House promotion. The TSX Venture fell 1.5%.

Ottawa will contribute C$500M (US$352M) to Newmont’s proposed Red Chris Block Cave, linking mine funding to British Columbia’s North Coast Transmission Line. The deal also includes C$3.9B for BC Hydro’s first two stages. Red Chris needs up to 145 MW; the expansion could add ~14 years of mine life and ~1,800 construction jobs, according to Newmont.

The Province of British Columbia has designated Seabridge Gold's KSM Project as a provincial priority project due to its potential for job creation and significant mineral reserves. This designation will provide dedicated permitting coordination and support, streamlining timelines for one of the world's largest undeveloped copper and gold projects. The project aligns with British Columbia's "Look West" strategy, emphasizing economic security and responsible natural resource development.

The Province of British Columbia has designated Seabridge Gold's KSM Project as a provincial priority, aiming to streamline and expedite permitting for the massive undeveloped copper-gold project. KSM hosts significant reserves, including 47.3 million ounces of gold and 7.3 billion pounds of copper, positioning it as a key source of critical minerals. This designation aligns with B.C.'s "Look West" strategy, focusing on delivering major projects and strengthening economic security, with Seabridge committed to continued engagement with Indigenous and local communities.

Seabridge Gold has updated the mineral resource estimates for its KSM project by using higher metal price assumptions and updated cost parameters, resulting in significant increases in gold, copper, silver, and molybdenum resources. This move expands the project's economic envelope without altering the geological model and positions KSM more competitively for a potential joint venture with a Tier 1 partner. TipRanks' AI Analyst, Spark, rates SEA as Neutral due to weak financial performance and bearish technical momentum despite the resource update.

Elevatus Wealth Management has acquired a new stake in Seabridge Gold, Inc. (NYSE:SA), purchasing 152,199 shares valued at approximately $3.68 million in the third quarter. This investment, representing 0.15% of Seabridge Gold, follows similar moves by other institutions like Van ECK Associates and Vanguard Group, indicating increasing institutional interest. Despite a consensus "Hold" rating from analysts with an average price target of $65.00, the stock has shown recent price performance with a current open at $33.82 and a market cap of $3.63 billion.

Seabridge Gold Inc. received a D+ on its 2025 report card from its board of directors, primarily due to failing to secure a major mining partner for its KSM project and not increasing gold per share. Despite achieving 14 out of 16 objectives, these two missed assignments significantly impacted the company's overall grade, particularly the KSM partnership which weighed 25% of the total. The company is, however, progressing with KSM by narrowing down a partnership candidate and advancing other development objectives, while also making strides at its Iskut and other projects.

Seabridge Gold Inc. is spinning out its Courageous Lake gold project in the Northwest Territories into a new company called Valor Gold, subject to approvals. This move aims to accelerate development of one of Canada's largest undeveloped gold projects, with Valor Gold focusing on exploration, engineering, and permitting. The spin-out could strengthen the Canadian gold supply chain and unlock value for Seabridge shareholders while Seabridge continues to prioritize its KSM project.

Seabridge Gold announced its intention to spin out its subsidiary that owns 100% of the Courageous Lake gold project in Canada's Northwest Territories. The spun-out entity will be renamed Valor Gold and will focus on developing the Courageous Lake project. This move aims to advance the project independently.

Seabridge Gold plans to spin out its Courageous Lake Gold Project to shareholders, renaming the subsidiary to Valor Gold. The Courageous Lake project, located in the Northwest Territories, is one of Canada's largest undeveloped gold projects with significant measured and indicated resources. This move aims to unlock shareholder value and bring attention to the project's potential, while Seabridge's KSM project remains its primary development focus.