Primary Objective
Our primary objective continues to be completion of a joint venture agreement on the KSM Project with a suitable partner on terms advantageous to Seabridge.
Our goals in a joint venture are to:
retain a significant interest in a producing mine
minimize our capital exposure
ensure that our partner must build a mine in order to keep its interest
Corporate Objectives
- Enter a partnership agreement for KSM with a major mining company that has the technical, financial and social wherewithal to build and operate the project
- Secure a minimum of $100 million in new funding to continue to advance early-stage construction activities and final feasibility data collection at KSM
- Exit 2025 with more gold resources per common share than reported at year end 2024 (based on including 100% of KSM)
- Continue to improve Cybersecurity systems by eliminating any remaining Cybersecurity gaps, ensuring secure authentication and providing Cybersecurity awareness training
Project Objectives
- Complete and file responses contesting the two petitions filed in BC Supreme Court challenging KSM's Substantially Started designation awarded by BC regulators in July 2024
- Satisfy regulator requirements for the approval of our M245 permit amendment for the Mitchell Treaty Tunnels ("MTT") and associated infrastructure
- Continue mine closure activities at the former Johnny Mountain mine to the satisfaction of regulators
- Develop a strategy to unlock value to shareholders from Courageous Lake
- Remain in compliance with permit conditions, reporting, regulator inspections and technical requests for all projects
ESG Objectives
- Continue to strengthen our social license with Treaty and First Nations and local communities
- Continue to mature our risk management programs and systems by developing action plans that can decrease risk ratings for our more significant risks
- Continue to develop internal processes, technology, and controls to support compliance with Canadian Sustainability Standards Board guidelines through workshops, regulatory and reporting update sessions, and internal documentation
- Achieve improvement in key Health and Safety indicators including a companywide Total Reported Incident Frequency ("TRIF") of less than or equal to 1.5 for 2025
Exploration Objectives
- Complete a drill program of at least 8,000 meters (10-12 holes) at Iskut in order to announce a maiden gold-copper mineral resource at the Snip North target in Q1 2026
- Complete a drill program of at least 2,500 meters (5-7 holes) at 3 Aces testing the potential for resource delineation to the south of the Central Core Zone
- Further evaluate the potential for a Getchell style discovery at Snowstorm deploying Al technology and a three-dimensional ambient noise seismic tomography survey