| Seabridge Gold's Stock Could Hit $14, Another Deposit Site Extended | |
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In a report published Friday, Singular Research analyst Jeffrey Briggs reiterated a Buy rating and $14.00 price target on shares of Seabridge Gold, Inc. (USA) (NYSE: SA), after the company announced positive drilling results in relation to the Deep Kerr deposit, which includes a considerable extension to the current boundary.
Same as in the case of the recently-announced extension of the Mitchell deposit, the expansion of the Deep Kerr deposit represents an “opportunity for continued increase in mineral resource at KSM,” the firm explained.
Given that removing selenium from water would be a potential issue in processing ore at the KSM Project, British Columbia required Seabridge to test a pilot plant before providing it with environmental clearance. The company recently completed the pilot successfully, aided by a Canadian environmental firm.
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Deep Kerr
The aforementioned drill hole at Deep Kerr was extended 400 meters below the “previous hole that was near the lower end of the resource as currently defined. This means the new drill hole will provide information that will likely lead to an upgrade of the Deep Kerr resource estimate,” the report concluded.
Shares of Seabridge Gold are up more than 10 percent on Friday trading.
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Seabridge Gold Inc.
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DEVELOPMENT STAGE |
CODE : SA |
ISIN : CA8119161054 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Seabridge Gold is a gold exploration company based in Canada. Seabridge Gold develops gold, copper, molybdenum and silver in Canada, and holds various exploration projects in Canada. Its main assets in development are COURAGEOUS LAKE, SULPHURETS, KERR (KSM), RED MOUNTAIN, QUARTZ MOUNTAIN and MITCHELL ZONE in Canada and its main exploration properties are KING'S RIVER, CASTLE-BLACK ROCK and HOG RANCH in Canada. Seabridge Gold is listed in Canada, in Germany and in United States of America. Its market capitalisation is US$ 988.4 millions as of today (€ 889.1 millions). Its stock quote reached its lowest recent point on December 29, 2000 at US$ 0.12, and its highest recent level on September 19, 2024 at US$ 17.20. Seabridge Gold has 57 467 118 shares outstanding. |