What is particularly attractive about Seabridge compared to many other junior gold miners is that all if its assets are in the stable and mining friendly jurisdiction of Canada. That significantly reduces much of the geopolitical and regulatory risk associated with mining operations.
Seabridge’s flagship asset is the Kerr-Sulphurets-Mitchell (KSM) project in British Columbia that i’s currently developing. That property has been assessed to hold reserves of almost 39 million gold ounces, 183 million ounces of silver, and 10.2 billion pounds of copper. Those gold reserves have an average grade of 0.55 grams of precious metal per ton of ore (g/t).
Seabridge has reported some solid drilling results for KSM, including extending the boundaries of the Iron Cap deposit, one of the four major ore bodies located at the property, which is expected to lead to the miner’s mineral resource estimate for the property growing. The project is shovel ready, and Seabridge has been undertaking considerable exploration drilling at the property, which is aimed at expanding its reserves and resources.