Canada's Seabridge Gold posts Q1 net loss on higher expenses

Seabridge Gold

13/05/2026 23:11

Overview

Canada gold explorer reported Q1 net loss driven by non-cash revaluation movements and higher administrative expenses

Company increased investment in KSM Project and raised $35.8 mln via ATM program

Outlook

Company did not provide specific guidance for future quarters or the full year

Result Drivers

NON-CASH REVALUATION - Q1 loss driven by non-cash revaluation movements on secured notes, partially offset by gain on Paramount Gold investment

HIGHER ADMINISTRATIVE EXPENSES - Increased corporate and administrative costs contributed to Q1 loss

KSM PROJECT INVESTMENT - Higher investment in mineral interests, property and equipment due to increased KSM Project activity

Company press release: ID:nNFC24BccZ

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net Income
-$6.60 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)