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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Seabridge Gold Inc.    SEA   CA8119161054

SEABRIDGE GOLD INC.

(SEA)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 12/04 04:00:00 pm
22.98 CAD   -7.97%
07:00aSeabridge Gold Announces US$105 Million Bought Deal
NE
06:55aSeabridge Gold Buying Snowfield Property from Pretivm Resources
NE
11/19SEABRIDGE GOLD : Refiles technical report
AQ
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Siberian gold deposit is world's biggest by reserves - new estimate

10/22/2020 | 02:45am EST

MOSCOW, Oct 22 (Reuters) - Russia's largest gold producer Polyus said on Thursday its giant Sukhoi Log gold deposit in Siberia is the world's biggest by reserves.

Polyus and its partner bought the rights to develop Sukhoi Log, estimated to contain a fifth of Russia's gold reserves, from the Russian state in 2017.

"This estimate ranks Sukhoi Log as the largest gold deposit both among greenfield assets and operating gold mines," Polyus said in a statement.

Reserves of Sukhoi Log are estimated at 540 million tonnes of ore, containing 40 million troy ounces of gold. The average grade is 2.3 grammes of gold per a tonne of ore, Polyus said.

It is more than reserves of Seabridge's KSM project in Canada, which are estimated at 38.8 million ounces.

The update on Sukhoi Log was prepared by AMC Consultants in compliance with the gold mining industry's standard JORC Code, Polyus said.

The additional 40 million ounces of gold also secures Polyus' position as the world's leading gold mining company by attributable reserves, along with Newmont.

Polyus, which previously estimated the cost of the project at $2-2.5 billion, plans to provide the next update on Sukhoi Log by the end of 2020, with the announcement of pre-feasibility study results.

Last month it said it would buy the remaining 22% stake in the deposit that it does not already own from project partner Rostec for $128 million. (Reporting by Polina Devitt and Anastasia Lyrchikova; editing by Mark Potter and Alex Richardson)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.07% 1838.5 Delayed Quote.21.26%
POLYUS -0.90% 14374 End-of-day quote.102.35%
SEABRIDGE GOLD INC. -7.97% 22.98 Delayed Quote.27.95%
SILVER 0.62% 24.1825 Delayed Quote.34.87%
All news about SEABRIDGE GOLD INC.
07:00aSeabridge Gold Announces US$105 Million Bought Deal
NE
06:55aSeabridge Gold Buying Snowfield Property from Pretivm Resources
NE
11/19SEABRIDGE GOLD : Refiles technical report
AQ
11/18SEABRIDGE GOLD : Refiles Technical Report
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11/18Seabridge Gold Refiles Technical Report
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11/13SEABRIDGE GOLD : Files third quarter report to shareholders and its financial st..
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11/12SEABRIDGE GOLD : 3Q Earnings Snapshot
AQ
11/12SEABRIDGE GOLD : Files Third Quarter Report to Shareholders and its Financial St..
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11/11SEABRIDGE GOLD : Drilling Finds Additional Evidence of Large Gold-Copper Porphyr..
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11/11Drilling Finds Additional Evidence of Large Gold-Copper Porphyry System at Se..
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More news
Financials
Sales 2020 - - -
Net income 2020 -14,0 M -10,9 M -10,9 M
Net Debt 2020 - - -
P/E ratio 2020 -108x
Yield 2020 -
Capitalization 1 491 M 1 165 M 1 165 M
Capi. / Sales 2020 -
Capi. / Sales 2021 -
Nbr of Employees -
Free-Float 75,6%
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Technical analysis trends SEABRIDGE GOLD INC.
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TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Average target price 36,50 CAD
Last Close Price 22,98 CAD
Spread / Highest target 213%
Spread / Average Target 58,8%
Spread / Lowest Target -13,0%
EPS Revisions
Managers
NameTitle
Rudi P. Fronk Chairman & Chief Executive Officer
Jay S. Layman President, Chief Operating Officer & Director
Christopher Justin Reynolds Chief Financial Officer & Vice President-Finance
Peter Williams Senior Vice President-Technical Services
Eliseo Gonzalez-Urien Independent Director
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