Seabridge Gold Inc.: Seabridge Completes Acquisition of Snowfield Property from Pretivm
Work begins on Snowfield-KSM integration expected to further improve economic projections
Toronto, Ontario (Newsfile Corp. - December 17, 2020) - Seabridge Gold Inc. (TSX: SEA) (NYSE: SA) ( Seabridge or the Company ) announced today it has closed its previously announced acquisition of the Snowfield Property from Pretium Resources Inc. ( Pretivm ). The Snowfield Property hosts a large gold resource immediately adjacent to Seabridge s 100%-owned KSM gold-copper project in northeast British Columbia, Canada. The acquisition enables exciting new development opportunities for KSM which could have a significant positive impact on project economics.
The Snowfield Property, located in the same valley that hosts KSM s Mitchell Deposit (see attached map), was purchased from Pretivm for US$100 million (the Cash Payment ), a 1.5% net smelter royalty (NSR) on Snowfield Property production and a future
Seabridge Completes Acquisition of Snowfield Property from Pretivm
marketwatch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketwatch.com Daily Mail and Mail on Sunday newspapers.
Most Volatile Market Movers: Northern Dynasty Minerals Ltd (NYSE:NAK), Marathon Oil Corporation (NYSE:MRO)
streetwisereport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetwisereport.com Daily Mail and Mail on Sunday newspapers.