Financial Wire

RBC Maintains Seabridge Gold's Outperform Rating, US$71.00 Price Target, Following Snip North MRE

-- RBC Capital Markets on Wednesday maintained its outperform, speculative risk, rating on the shares of Seabridge Gold (SEA.TO, SA) its US$71.00 price target after the company released a maiden resource estimate (MRE) for the Snip North deposit within the Iskut project in British Columbia's Golden Triangle region.

The estimate showed the deposit contains measured and indicated resources of 9.5-million ounces of gold grading 0.47 grams per tonne (g/t), 29.5-million ounces of silver at 1.45 g/t silver, and 959-million pounds of copper grading 0.07% copper.

Recent drilling indicates a strike length of 2.1 kilometers, 0.6 km of depth and up to 0.7 km in width. The deposit remains open at depth to the northwest and along strike to the north and west, RBC said.

The Iskut project is being renamed as the Bronson corridor project and comprises two deposits, Bronson Slope and Snip North. An initial resource for Bronson Slope released in 2024 outlined an inferred resource of 5.4-million ounces of gold, 1.06-billion pounds of copper and 45-million ounces of silver.

Price: $43.03, Change: $+0.27, Percent Change: +0.63%

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