SA, CA8119271028

Seabridge Gold reports KSM review and Seabridge Gold stock trades above EUR 24.20

Published on 10/06/2026 at 11:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC lifted its target from USD 71.00 to USD 72.00. Seabridge Gold stock costs EUR 24.30 on October 6, 2026 versus EUR 24.20.

SA, CA8119271028, Illustration mit AI erstellt.

Seabridge Gold (ISIN CA8119271028) was trading at EUR 24.30 at Lang & Schwarz on October 6, 2026, up 0.41 percent from the prior close of EUR 24.20. On September 22, 2026, the company reported that British Columbia's Environmental Assessment Office had updated it on the reconsideration of the Substantially Started Designation for the KSM project, according to FinanzNachrichten.de.

KSM review reaches its next stage

The regulatory process follows a British Columbia Supreme Court ruling dated June 8, 2026, which required additional consultation before the designation is reconsidered. The 90-day consultation period concluded on September 28, 2026, after which the EAO outlined further submissions, a draft report and a recommendation process in its communication to Seabridge.

That sequence matters because KSM is Seabridge's principal development asset. The project received its Substantially Started Designation on July 24, 2024, and the current review remains tied to the legal and permitting framework for future construction, according to FinanzNachrichten.de.

Funding adds a second investor test

For the three and six months ended June 30, 2026, Seabridge continued work on the KSM field program and feasibility-study preparations while pursuing an earn-in joint venture. It also had access to a USD 100.0 million short-term credit facility, with draws available in minimum USD 10.0 million increments, according to Streetwise Reports.

The facility carries 7.00 percent interest compounded monthly and matures on December 31, 2026. The funding gives Seabridge additional liquidity for feasibility-stage work, while the proposed joint venture could help finance construction without immediate shareholder dilution, according to Streetwise Reports.

RBC target reaches USD 72.00

RBC maintained an Outperform rating and raised its price target from USD 71.00 to USD 72.00 on September 16, 2026, according to Yahoo Finance. The target is a separate US-dollar valuation reference and does not replace the euro reference price used for Seabridge Gold stock in this article.

Stock holds above prior close

Seabridge Gold was trading at EUR 24.30 at Lang & Schwarz on October 6, 2026 at 11:16 a.m. CEST, up 0.41 percent versus the Lang & Schwarz prior close of EUR 24.20 on October 5, 2026. On the NYSE, the stock had a 52-week range of USD 21.67 to USD 40.06 and a market capitalization of USD 2.9 billion as of October 5, 2026.