Seabridge Gold Inc. reported a loss of -$6.8 million in its fourth quarter.
The Toronto-based company incurred a per-share loss of - 9 cents. Losses, adjusted for non-recurring costs, were -3 cents per share. For the full- year, the company reported profit of $710,000, or 1 cent per share.
Separately, the company announced that it is planning to spend $150 million this year to bring its KSM gold-copper mine project up to “substantially started” status. It intends to match the $150 million 2022 expenditure in 2023 as well.