Seabridge Gold Q2 2026 profit jumps as company cites gains from Courageous Lake distribution
SA•Spending, working capital and financing update
Project spending rose to $32.5 million from $21.1 million.
Net working capital fell to $53.6 million at June 30, 2026 from $109.8 million at Dec. 31, 2025.
The company arranged an unsecured short-term loan of up to US$100 million to support KSM work programs; the loan carries 7% interest and matures Dec. 31, 2026.
Q2 profit jumps on Courageous Lake distribution gains
Seabridge Gold Q2 2026 net income was $117.5 million, or $1.08 per share, versus $12.3 million, or $0.12 per share.
The result was largely driven by gains realized on the distribution of the Courageous Lake project.
