Seabridge Gold Q2 Net Income Soars to $117.5M on Courageous Lake Spin-Out Gain
SA has more than doubled off its 52-week low of $15.98.
Summary
Seabridge Gold reported Q2 2026 net income of $117.5 million ($1.08 per share), up from $12.3 million ($0.12 per share) a year earlier, driven largely by gains on the Courageous Lake spin-out. The company invested $32.5 million in mineral interests during the quarter, up from $21.1 million in Q2 2025, while net working capital fell to $53.6 million from $109.8 million at year-end. The US$100 million credit facility arranged in July remains undrawn and is intended to fund the KSM summer work program. The KSM feasibility study is advancing on schedule, and engagement with a preferred earn-in joint venture candidate continues.
At the time of this announcement, SA was trading at $32.17 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.5B. The 52-week trading range was $15.98 to $40.06. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: TMX Newsfile.