Seabridge Gold Publishes
2011 Annual Report and Files First Quarter 2012 Financial Statements and
Canada - Toronto, Canada.Seabridge Gold announced today that its 2011 Annual
Report is now available on its website at www.seabridgegold.net/2011AR.pdf.
The Annual Report reviews 2011 and outlines the Company's objectives for 2012
and includes the audited financial statements for the year ended December 31,
2011. The Annual Report, along with other proxy material, will be mailed to
shareholders in connection with the Company's Annual Meeting of Shareholders
scheduled to be held on June 27, 2012 in Toronto, Ontario, Canada.
Seabridge also reported today that it has
filed Financial Statements and its Management's Discussion and Analysis for the
three months ended March 31, 2012 on SEDAR (www.sedar.com).
During the three month period ended March 31, 2012 Seabridge
recorded a net loss of $1.9 million compared to a loss of $3.8 million for the
same period last year. During the first quarter, Seabridge
invested $7.8 million in its two principal properties, KSM and Courageous Lake,
compared to $6.9 million during the comparable quarter of 2011. At March 31,
2012 net working capital was $48 million compared to $57 million at December
view these first quarter 2012 financial statements and management's discussion and analysis for the
three months ended March 31, 2012 on the Company's website, please see: