Toronto, Ontario--(Newsfile Corp. - August 13, 2026) - Seabridge Gold (TSX:SEA) (NYSE:SA) announced today that it has filed its Report to Shareholders, Interim Financial Statements and Management&#39;s Discussion and

<p>Toronto, Ontario--(Newsfile Corp. - August 13, 2026) - Seabridge Gold (TSX:<a class="ticker" href="https://www.benzinga.com/quote/SEA">SEA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SA">SA</a>) announced today that it has filed its Report to Shareholders, Interim Financial Statements and Management's Discussion and Analysis for the three and six months ended June 30, 2026 on <a href="https://api.newsfilecorp.com/redirect/0pWXET5xj2">SEDAR<u>+</u></a><u></u>. To review these documents on the Company website, please see <a href="https://api.newsfilecorp.com/redirect/gJNL0uN7We">https://www.seabridgegold.com/investors/financial-reports</a>.  </p><p><u><b>Recent Highlights</b></u></p><ul style="list-style-type: disc;"><li>Extensive 2026 KSM field program to support the feasibility study advancing on schedule. </li><li>US$100M credit facility enables KSM momentum to continue</li><li>Engagement with preferred candidate for earn-in joint venture continues</li><li>2025 Sustainability Report published</li><li>BC Supreme Court requires reconsideration of KSM Substantially Started Designation</li><li>Spin-out of Courageous Lake project to shareholders completed</li><li>Awarded Smithers Resource and Mining Excellence Award</li><li>The Gold Market: Finding Stability</li></ul><p><u><b>Financial Results</b></u></p><p>During the three-months ended June 30, 2026, Seabridge posted net income of $117.5 million ($1.08 per share) compared to a net profit of $12.3 million ($0.12 per share) for the same period in 2025. The increase in net income was largely driven by gains realized on the distribution of the Courageous Lake project. During the second quarter, Seabridge invested $32.5 million in mineral interests, property and equipment at its projects compared to $21.1 million invested in the second quarter of 2025. At June 30, 2026, net working capital was $53.6 million compared to $109.8 million at December 31, 2025.</p><p>In July 2026, Seabridge arranged an unsecured, short-term loan agreement with a strategic investor for up to US$100 million. The Loan will be used to support the significant investments we are making in our summer season work programs at KSM. The loan is drawable at the Company's election in minimum calls of US$10 million each, has an interest rate of 7% compounded monthly, and is capitalized and matures on December 31, 2026. The Loan is repayable either in cash at any time or, in certain circumstances and subject to TSX approval, in common shares of Seabridge if outstanding at maturity, at the Company's option.  The Loan includes customary conditions, representations, warranties and covenants. The Company intends to draw on the Loan, if required, to strengthen its consolidated liquidity position. No amounts are currently drawn on the Loan.</p><p><u><b>About Seabridge Gold</b></u></p><p>Seabridge Gold holds a 100% interest in several North American gold projects. Its principal assets are the KSM and Bronson Corridor projects in British Columbia's Golden Triangle. Additional projects include Snowstorm in Nevada's Getchell Gold Belt and the 3 Aces project in the Yukon. Further information on Seabridge's mineral reserves and mineral resources is available at <a href="https://api.newsfilecorp.com/redirect/pp3RKT3PmV">www.seabridgegold.com</a>. </p><p><i>None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. </i></p><p style="margin-left: 20px;">        ON BEHALF OF THE BOARD<br />"Rudi Fronk"<br />Chair and C.E.O.</p><div id="contactInfo"><p>For further information please contact:<br />Rudi P. Fronk, Chair and C.E.O.<br />Tel: (416) 367-9292   &#8226;  Fax: (416) 367-2711<br />Email:  <a href="mailto:info@seabridgegold.com">info@seabridgegold.com</a></p></div><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/4600/309598_d0b3194074739b13_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/YEkDRIxOQo">https://www.newsfilecorp.com/release/309598</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/309598/197" alt="" /></p>

Seabridge Gold Files Second Quarter 2026 Report to Shareholders and Its Financial Statements and MD&A

Seabridge Gold secures US$100M facility as KSM progress accelerates

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Toronto, Ontario--(Newsfile Corp. - August 13, 2026) - Seabridge Gold (TSX:SEA) (NYSE:SA) announced today that it has filed its Report to Shareholders, Interim Financial Statements and Management&amp;#39;s Discussion and</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Seabridge Gold posted a solid Q2 2026, with net income of $117.5M driven by Courageous Lake distribution. It secured a US$100M unsecured loan to support KSM work, though no funds are drawn yet, improving liquidity ahead of key feasibility milestones. The company faces timeline risk from a court ruling on KSM and notes continued asset monetization via the Courageous Lake spin-out.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Q2 2026 net income $117.5M ($1.08/sh), up from $12.3M.</li><li>Earnings boosted by Courageous Lake distribution; cash flow impact unclear.</li><li>Secured US$100M unsecured loan to fund KSM work; not drawn yet.</li><li>BC Supreme Court reconsideration of KSM designation adds timeline risk.</li><li>Courageous Lake spin-out completed; 2025 Sustainability Report published.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Seabridge Gold (SEA)</strong>: Q2 earnings boost and financing to support KSM; ongoing field program.</li><li><strong>Seabridge Gold (SA)</strong>: NYSE listing; cross-listed with TSX; same strategic updates highlighted.</li><li><strong>Courageous Lake (spin-out) (N/A)</strong>: Spin-out completed; represents asset monetization milestone.</li></ul>
  </section>

  <section data-block="category">
    <h3>Earnings</h3>
    <p>Earnings-driven corporate developments with financing and milestone updates; aligns with SA coverage of mid-cap miners&#039; evolving capital structures and project timelines.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Q2 net income rose to $117.5M, aided by Courageous Lake distribution.</li><li>US$100M unsecured loan enhances liquidity; drawdown risk remains.</li><li>KSM field program progress supports near-term valuation.</li><li>BC Supreme Court reconsideration of KSM designation introduces timeline risk.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Net income Q2 2026: $117.5M ($1.08/share).</li><li>Q2 2026 capex: $32.5M; Q2 2025 capex: $21.1M.</li><li>Working capital at 6/30/2026: $53.6M; 12/31/2025: $109.8M.</li><li>Unsecured loan up to US$100M; 7% interest; maturity 12/31/2026; no draw yet.</li><li>Spin-out of Courageous Lake completed; 2025 Sustainability Report published.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Bullish over the next 3–6 months as KSM feasibility advances and liquidity improves.</p>
  </section>
</section>


<p>Toronto, Ontario--(Newsfile Corp. - August 13, 2026) - Seabridge Gold (TSX:<a class="ticker" href="https://www.benzinga.com/quote/SEA">SEA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/SA">SA</a>) announced today that it has filed its Report to Shareholders, Interim Financial Statements and Management's Discussion and Analysis for the three and six months ended June 30, 2026 on <a href="https://api.newsfilecorp.com/redirect/0pWXET5xj2">SEDAR<u>+</u></a><u></u>. To review these documents on the Company website, please see <a href="https://api.newsfilecorp.com/redirect/gJNL0uN7We">https://www.seabridgegold.com/investors/financial-reports</a>.  </p><p><u><b>Recent Highlights</b></u></p><ul style="list-style-type: disc;"><li>Extensive 2026 KSM field program to support the feasibility study advancing on schedule. </li><li>US$100M credit facility enables KSM momentum to continue</li><li>Engagement with preferred candidate for earn-in joint venture continues</li><li>2025 Sustainability Report published</li><li>BC Supreme Court requires reconsideration of KSM Substantially Started Designation</li><li>Spin-out of Courageous Lake project to shareholders completed</li><li>Awarded Smithers Resource and Mining Excellence Award</li><li>The Gold Market: Finding Stability</li></ul><p><u><b>Financial Results</b></u></p><p>During the three-months ended June 30, 2026, Seabridge posted net income of $117.5 million ($1.08 per share) compared to a net profit of $12.3 million ($0.12 per share) for the same period in 2025. The increase in net income was largely driven by gains realized on the distribution of the Courageous Lake project. During the second quarter, Seabridge invested $32.5 million in mineral interests, property and equipment at its projects compared to $21.1 million invested in the second quarter of 2025. At June 30, 2026, net working capital was $53.6 million compared to $109.8 million at December 31, 2025.</p><p>In July 2026, Seabridge arranged an unsecured, short-term loan agreement with a strategic investor for up to US$100 million. The Loan will be used to support the significant investments we are making in our summer season work programs at KSM. The loan is drawable at the Company's election in minimum calls of US$10 million each, has an interest rate of 7% compounded monthly, and is capitalized and matures on December 31, 2026. The Loan is repayable either in cash at any time or, in certain circumstances and subject to TSX approval, in common shares of Seabridge if outstanding at maturity, at the Company's option.  The Loan includes customary conditions, representations, warranties and covenants. The Company intends to draw on the Loan, if required, to strengthen its consolidated liquidity position. No amounts are currently drawn on the Loan.</p><p><u><b>About Seabridge Gold</b></u></p><p>Seabridge Gold holds a 100% interest in several North American gold projects. Its principal assets are the KSM and Bronson Corridor projects in British Columbia's Golden Triangle. Additional projects include Snowstorm in Nevada's Getchell Gold Belt and the 3 Aces project in the Yukon. Further information on Seabridge's mineral reserves and mineral resources is available at <a href="https://api.newsfilecorp.com/redirect/pp3RKT3PmV">www.seabridgegold.com</a>. </p><p><i>None of the Toronto Stock Exchange, New York Stock Exchange, or their Regulation Services Providers accepts responsibility for the adequacy or accuracy of this release. </i></p><p style="margin-left: 20px;">        ON BEHALF OF THE BOARD<br />"Rudi Fronk"<br />Chair and C.E.O.</p><div id="contactInfo"><p>For further information please contact:<br />Rudi P. Fronk, Chair and C.E.O.<br />Tel: (416) 367-9292   &#8226;  Fax: (416) 367-2711<br />Email:  <a href="mailto:info@seabridgegold.com">info@seabridgegold.com</a></p></div><p id="corporateNewsLogoContainer"><img src="https://images.newsfilecorp.com/files/4600/309598_d0b3194074739b13_logo.jpg" id="corporateNewsLogo" alt="Corporate Logo" /></p><p id="corporateLinkBack">To view the source version of this press release, please visit <a href="https://api.newsfilecorp.com/redirect/YEkDRIxOQo">https://www.newsfilecorp.com/release/309598</a></p><p><img src="https://api.newsfilecorp.com/newsinfo/309598/197" alt="" /></p>

Seabridge Gold posted a solid Q2 2026, with net income of $117.5M driven by Courageous Lake distribution. It secured a US$100M unsecured loan to support KSM work, though no funds are drawn yet, improving liquidity ahead of key feasibility milestones. The company faces timeline risk from a court ruling on KSM and notes continued asset monetization via the Courageous Lake spin-out.

News insight

Seabridge Gold Files Second Quarter 2026 Report to Shareholders and Its Financial Statements and MD&A

AI summary

Sentiment rationale

Key facts

Earnings