Raising C$37.7 million early in 2017, Seabridge Gold Inc. has plenty of cash for robust exploration at its KSM and Iskut projects in northwestern British Columbia.

Four of the zones at KSM - Kerr, Sulphurets, Mitchell and Iron Cap - encompass 2.2 billion metric tons of proven and probable reserves averaging 0.55 grams per metric ton (38.8 million ounces) gold, 0.21 percent (10.2 billion pounds...