North of 60 Mining News - The mining newspaper for Alaska and Canada's North

By Shane Lasley
Mining News 

Seabridge secures $225 million for KSM

Funding will be used to get BC mine "substantially started" North of 60 Mining News – March 4, 2022

 

Last updated 3/17/2022 at 2:13pm

Seabridge Gold KSM funding Golden Triangle British Columbia Canada Sprott map

Seabridge Gold Inc.

Drilling at KSM has outlined 2.2 billion metric tons of reserves containing 38.8 million oz of gold, 10.2 billion lb of copper, 183 million oz of silver, and 207 million lb of molybdenum.

Seabridge Gold Inc. Feb. 26 announced that it has secured US$225 million (C$285 million) to advance its world-class KSM copper-gold-silver project in British Columbia's Golden Triangle to the status of "substantially started."

Sprott Resource Streaming and Royalty Corp. ("Sprott") and Ontario Teachers' Pension Plan have agreed to purchase a US$225 secured note from KSM Mining ULC, a Seabridge s...



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