Monday, February 28, 2022
10:22 AM EST – Seabridge Gold : Announced today that its wholly-owned subsidiary, KSM Mining ULC has agreed to sell a secured note that is to be exchanged at maturity for a silver royalty on its 100% owned KSM project located in northern British Columbia, Canada, to Sprott Resource Streaming and Royalty Corp. and Ontario Teachers’ Pension Plan for $225 million U.S. (approximately C$285 million at the current exchange rate). The proceeds of this sale will be used to continue ongoing physical works at KSM and advance the project towards a designation of ‘substantially started’. Seabridge Gold (T.SEA) shares were up $0.06 at 21.2.
Stocks in Play: Seabridge Gold, Mon, 28 Feb 2022 10:27:07 EST